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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

A) You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.
B) The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
C) You can include the inbox and outbox contents in the clone.
D) You can include Data Management artifacts in the clone.

2. Which statement is true of reporting currencies?

A) When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.
B) All reporting currency members have the suffix Reporting.
C) All input currencies that you add are automatically added as reporting currencies as well.
D) During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.

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

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

4. The company PQR has an ownership structure as shown below.

H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?

A) H 1 and P 2
B) PQR
C) No elimination is performed, because H 1 and P 1 do not have the same parent.
D) Hickory and Paducah

5. You are required to create a form that allows users to input data. Which three actions are consistent with this?
(Choose three.)

A) Set the currency on the form to Parent Currency.
B) Select level 0 dimension members for POV\ rows, and columns. www*'
C) Grant the data input users Write access to the dimension members used on the form.
D) Set the consolidation member on the form to FCCS Entity Input.
E) In the member selection for Entity, do not include shared entities; include only primary instances of entities.

Solutions: