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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

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

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

3. Which statement correctly describes the Consolidation dimension?

A) The dimension contains members to store non-controlling interest and joint venture data.
B) The dimension allows users to view data in the parent currency.
C) The dimension allows users to see input versus journal adjustment data.
D) The dimension uses a separate member for data from an entity's level-zero descendants.

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

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

5. You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?

A) Create a Configurable Consolidation rule.
B) Create a Groovy rule.
C) Create a valid intersection rule.
D) Create a Task Manager rule.

Solutions: