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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

A) Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
B) Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
C) Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
D) Calculations, dashboards, and reports to provide analysis for cash flow modeling

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

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

3. Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

A) Grid
B) Chart
C) Footer
D) Header

4. Which statement is FALSE about Task Manager schedules?

A) You can still add tasks to a schedule that has been closed.
B) Users can still complete tasks in a schedule that has been closed.
C) You can re-open a schedule that has been locked.
D) To start all the tasks in a schedule, you must change the status from Pending to Open.

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

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

Solutions: