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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?

A) Delete the default Approval Unit hierarchy.
B) Select the Consolidation template when setting up the Approval Unit hierarchy.
C) Select users with the Service Administrator security role.
D) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.

2. Which four sample ratios can be selected during business process creation? (Choose four.)

A) Days Sales in Receivables
B) Contribution Margin
C) Debt Ratio
D) Earnings per Share
E) Gross Margin
F) Inventory Ratios

3. 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 Configurable Consolidation rule.
C) Create a Task Manager rule.
D) Create a Groovy rule.

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

5. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A) The ICP dimension is omitted.
B) Data can be stored by the intercompany partner but no eliminations occur.
C) An extra custom dimension is available.
D) The FCCS No Intercompany member of the ICP dimension is used for all data.

Solutions: