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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is true of reporting currencies?

A) During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.
B) All input currencies that you add are automatically added as reporting currencies as well.
C) When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.
D) All reporting currency members have the suffix Reporting.

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

3. Which statement correctly describes the Consolidation dimension?

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

4. Which is NOT a Financial Consolidation and Close task that you can perform using EPM Automate?

A) Run a business rule
B) Import journals
C) Load a data file
D) Export metadata

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

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

Solutions: