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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which of the following is allowed for accounts with the data storage type of Dynamic Calc?

A) Enter data through a data form.
B) Create member formulas.
C) Load data to this account.
D) Load data to this account and create member formulas.

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

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

3. 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

4. Which statement is FALSE regarding establishing security for Financial Consolidation and Close?

A) All members are accessible for dimensions with no security applied.
B) Security can be disabled for any dimension.
C) Security can be assigned at a parent level.
D) Security is mandatory for one dimension.
E) The Identity Domain Administrator inherits full access privileges.

5. 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

Solutions: