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

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

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

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

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

4. Where do you set the Intercompany Entities Aggregation option?

A) In the member properties of the Intercompany Entities member
B) In the Setup Wizard during business process creation
C) On the Properties page of the Intercompany dimension
D) In the member properties of the Intercompany Top member

5. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A) The FCCS No Intercompany member of the ICP dimension is used for all data.
B) Data can be stored by the intercompany partner but no eliminations occur.
C) An extra custom dimension is available.
D) The ICP dimension is omitted.

Solutions: