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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is true of journals created from Recurring templates?

A) The initial status of journals created from Recurring templates is Posted.
B) Journals for recurring templates are created automatically when you open a period for journals.
C) The line items in journals created from Recurring templates are read only.
D) The initial status of journals created from Recurring templates is Approved.

2. Which three dimensions can be included in an approval group? (Choose three.)

A) Scenario
B) Entity
C) Multi-GAAP
D) Account
E) Movement

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

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 Top member
C) On the Properties page of the Intercompany dimension
D) In the member properties of the Intercompany Entities member

5. What is the result of enabling the Calculate Movements system rule?

A) To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.
B) Closing Balance is aggregated from Opening Balance and the current period's movement value.
C) Level 0 movement members become read only in web forms, and must be populated through data load.
D) The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.

Solutions: