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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

A) Data Source
B) Year
C) Scenario
D) Entity
E) Period
F) Consolidation

2. Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A) Selecting the primary instance of a member does not include shared members.
B) Selecting a shared member for a rule does not include its primary instance.
C) If a shared member is selected for a rule, the primary instance of the member is selected as well.
D) If the primary instance of the member is selected for a rule, all shared members for the instances are included.

3. Which two statements are true about the Multi-GAAP feature? (Choose two.)

A) Select this option if you need to report your financial statements only in IFRS.
B) When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
C) Enabling Multi-GAAP reduces the number of custom dimensions you can have.
D) You must specify a prefix for entities that use the alternate gap standard.

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

5. What action requires refreshing the database?

A) You edit the alias for a member in the Entity dimension.
B) You deploy a new Configurable Calculation rule in Calculation Manager.
C) You change the ownership percentage for an entity.
D) You edit the Consolidation Operator for a member in the Account dimension.

Solutions: