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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

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

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

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

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

4. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A) Values for Opening Balance are retrieved from the prior period's Closing Balance.
B) Translated values for Closing Balance are adjusted to the ending rate for the period.
C) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
D) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.

5. 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 define dimension mapping
D) To review mapping of source to target members

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