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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is FALSE about when Intercompany Data is enabled?

A) Intercompany accounts are assigned plug accounts.
B) The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.
C) Tracking intercompany eliminations is optional.
D) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.

2. Where in Data Integration do you specify the default member for the Multi-GAAP dimension?

A) Workbench
B) Options tab of the Application Details dialog box
C) Location Attributes section of the Create Integration dialog box
D) Execute Integration dialog box

3. For which scenario would an On-Demand rule be an appropriate solution?

A) To add a column with a calculation to a report
B) To allocate data to base entities prior to consolidation
C) To import data into a form or Smart View worksheet
D) To perform a custom currency translation for a subset of accounts

4. When do you enable submission phases for your approval process?

A) When you start the approval process for an approval unit on the Manage Approvals page
B) When you assign the approval unit hierarchy to a scenario, period, and year
C) When you set the member properties for the entity
D) When you set up the approval unit hierarchy

5. 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

Solutions: