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

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. Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

A) Each period in the year must consolidate separately.
B) Years should be consolidated sequentially to ensure that rollforward calculations are correct.
C) Parent account calculations depend on the sequencing.
D) There is no reason to consolidate years sequentially.

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

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

5. To which Financial Consolidation and Close dimension(s) do you map Data Management periods?

A) Period and Year
B) Period
C) View
D) Period, Year, and View

Solutions: