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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?

A) Select users with the Service Administrator security role.
B) Select the Consolidation template when setting up the Approval Unit hierarchy.
C) Delete the default Approval Unit hierarchy.
D) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.

2. Which two statements are true about the Multi-GAAP feature? (Choose two.)

A) Select this option if you need to report your financial statements only in IFRS.
B) When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
C) Enabling Multi-GAAP reduces the number of custom dimensions you can have.
D) You must specify a prefix for entities that use the alternate gap standard.

3. In Data Integration, for what purpose do you use Workbench?

A) To review mapping of source to target members
B) To edit the data load file format
C) To configure data load options
D) To define dimension mapping

4. Which four items are included in the Currency dimension? (Choose four.)

A) Input Currencies
B) Entity Currency
C) Parent Currency
D) Default Currency
E) Journal Input Currencies
F) Reporting Currencies

5. What action requires refreshing the database?

A) You edit the alias for a member in the Entity dimension.
B) You change the ownership percentage for an entity.
C) You deploy a new Configurable Calculation rule in Calculation Manager.
D) You edit the Consolidation Operator for a member in the Account dimension.

Solutions: