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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is FALSE about when Intercompany Data is enabled?

A) Tracking intercompany eliminations is optional.
B) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
C) Intercompany accounts are assigned plug accounts.
D) The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.

2. What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?

A) FCCS Entity Total
B) FCCS Contribution
C) FCCS Totallnput And Adisuted
D) FCCS Entity Consolidation

3. Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A) Selecting a shared member for a rule does not include its primary instance.
B) If the primary instance of the member is selected for a rule, all shared members for the instances are included.
C) Selecting the primary instance of a member does not include shared members.
D) If a shared member is selected for a rule, the primary instance of the member is selected as well.

4. Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)

A) FX Rates - None
B) FX Rates - Average
C) FX Rates - Opening
D) FX Rates - Historical
E) FX Rates - Ending

5. Which two statements about the Copy Data function are true? (Choose two.)

A) When you select the Regular Data option, journals data is included.
B) You cannot select which Account members to copy.
C) You can copy data for historical rate and amount overrides.
D) You can select which Consolidation dimension member to copy.

Solutions: