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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. 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) Intercompany Account
B) Is Plug Account
C) Intercompany Entity
D) Plug Account

2. Which statement is FALSE about the Equity Pickup feature?

A) Equity Pickup rules run as part of the consolidation process
B) Equity Pickup rules are run on demand from the Rules card by users with launch permission.
C) Seeded rule sets are provided for Equity Pickup.
D) Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.

3. Which statement is true of reporting currencies?

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

4. 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) Read
B) Comment
C) None
D) Write

5. Which two statements about the Copy Data function are true? (Choose two.)

A) When you select the Regular Data option, journals data is included.
B) You cannot select which Account members to copy.
C) You can select which Consolidation dimension member to copy.
D) You can copy data for historical rate and amount overrides.

Solutions: