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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

A) Calculations, dashboards, and reports to provide analysis for cash flow modeling
B) Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
C) Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
D) Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning

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

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

3. Which statement is FALSE about running consolidations?

A) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
B) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
C) When you consolidate a parent, children with the Impacted calculation status are also consolidated.
D) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.

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

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

5. Where in Data Integration do you specify the default member for the Multi-GAAP dimension?

A) Workbench
B) Options tab of the Application Details dialog box
C) Location Attributes section of the Create Integration dialog box
D) Execute Integration dialog box

Solutions: