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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement about Opening Balance Override rules is true?

A) You can select which entities to include in the rule scope.
B) You can select which accounts to include in the rule scope.
C) They are available only if Intercompany Data with Tracking is enabled for the business process.
D) Opening Balance Override rules execute for the first period in the year only.

2. Which customization can you perform on the Navigation Flows page?

A) Select a color scheme.
B) Set a default POV by user group.
C) Add or Hide cards.
D) Select a data form to display at start up based on user group.

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

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

4. Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled? (Choose three.)

A) Ownership Percentage
B) Control
C) Consolidation Percentage
D) Consolidation Method
E) Minority Interest Percentage

5. For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?

A) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
B) Select users with the Service Administrator security role.
C) Select the Consolidation template when setting up the Approval Unit hierarchy.
D) Delete the default Approval Unit hierarchy.

Solutions: