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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. You want to display a single value in a financial dashboard from a single cell in a form.
Which type of chart would you select?

A) Bar
B) Tile
C) Line
D) Gauge

2. 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) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
C) Tracking intercompany eliminations is optional.
D) Intercompany accounts are assigned plug accounts.

3. Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?

A) None
B) Write
C) Comment
D) Read

4. Which statement about Opening Balance Override rules is true?

A) Opening Balance Override rules execute for the first period in the year only.
B) You can select which accounts to include in the rule scope.
C) You can select which entities to include in the rule scope.
D) They are available only if Intercompany Data with Tracking is enabled for the business process.

5. In the approval process, which four dimensions constitute an approval unit? (Choose four.)

A) Data Source (Entity)
B) Period
C) Year
D) Scenario
E) Account

Solutions: