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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. The company PQR has an ownership structure as shown below.

H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?

A) H 1 and P 2
B) Hickory and Paducah
C) No elimination is performed, because H 1 and P 1 do not have the same parent.
D) PQR

2. Where can you set the default member for the Currency dimension in a Data Integration integration?

A) Location Attributes in the Create Integration dialog box
B) Run Integration dialog box
C) Options tab of the Application Details dialog box
D) Map Members tab in the Create Integration dialog box

3. In the approval process, which four dimensions constitute an approval unit? (Choose four.)

A) Period
B) Account
C) Scenario
D) Year
E) Data Source (Entity)

4. You want to display a single value in a financial dashboard from a single cell in a form.
Which type of chart would you select?

A) Tile
B) Line
C) Gauge
D) Bar

5. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A) The default currency of the child is different from the default currency of the parent.
B) To specify exchange rates you must set up multiple currencies when creating an application.
C) The child entity is NOT a shared entity.
D) Reporting currencies have been defined in the Currency dimension.

Solutions: