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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement correctly describes the Consolidation dimension?

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

2. Which three dimensions can be included in an approval group? (Choose three.)

A) Entity
B) Account
C) Scenario
D) Multi-GAAP
E) Movement

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) Selecting the primary instance of a member does not include shared members.
C) If the primary instance of the member is selected for a rule, all shared members for the instances are included.
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 - Ending
B) FX Rates - Average
C) FX Rates - None
D) FX Rates - Opening
E) FX Rates - Historical

5. Which of the following is allowed for accounts with the data storage type of Dynamic Calc?

A) Load data to this account and create member formulas.
B) Enter data through a data form.
C) Load data to this account.
D) Create member formulas.

Solutions: