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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

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

2. 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) Load data to this account.
C) Create member formulas.
D) Enter data through a data form.

3. When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

A) Plug Account
B) Intercompany Account
C) Intercompany Entity
D) Is Plug Account

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

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

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

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

Solutions: