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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. In Data Integration, for what purpose do you use Workbench?

A) To edit the data load file format
B) To configure data load options
C) To review mapping of source to target members
D) To define dimension mapping

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

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

3. For which task categories is Audit enabled by default?

A) All task categories
B) Journals
C) Data only
D) No task categories

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

5. Which statement is true about an approval process with the Phase Dependency option enabled?

A) Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
B) Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
C) Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.
D) 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.

Solutions: