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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For which scenario would an On-Demand rule be an appropriate solution?

A) To allocate data to base entities prior to consolidation
B) To add a column with a calculation to a report
C) To perform a custom currency translation for a subset of accounts
D) To import data into a form or Smart View worksheet

2. In Data Integration, for what purpose do you use Workbench?

A) To define dimension mapping
B) To edit the data load file format
C) To configure data load options
D) To review mapping of source to target members

3. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A) The child entity is NOT a shared entity.
B) The default currency of the child is different from the default currency of the parent.
C) Reporting currencies have been defined in the Currency dimension.
D) To specify exchange rates you must set up multiple currencies when creating an application.

4. To which Financial Consolidation and Close dimension(s) do you map Data Management periods?

A) Period, Year, and View
B) View
C) Period and Year
D) Period

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

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

Solutions: