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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?

A) Financial
B) Consolidation
C) Intercompany
D) Journal

2. Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

A) You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.
B) The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
C) You can include Data Management artifacts in the clone.
D) You can include the inbox and outbox contents in the clone.

3. Which statement is FALSE about running consolidations?

A) When you consolidate a parent, children with the Impacted calculation status are also consolidated.
B) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
C) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
D) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.

4. Which statement correctly describes the Consolidation dimension?

A) The dimension contains members to store non-controlling interest and joint venture data.
B) The dimension uses a separate member for data from an entity's level-zero descendants.
C) The dimension allows users to see input versus journal adjustment data.
D) The dimension allows users to view data in the parent currency.

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

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

Solutions: