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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

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

2. Which four sample ratios can be selected during business process creation? (Choose four.)

A) Debt Ratio
B) Earnings per Share
C) Gross Margin
D) Contribution Margin
E) Inventory Ratios
F) Days Sales in Receivables

3. Which statement is FALSE about when Intercompany Data is enabled?

A) Tracking intercompany eliminations is optional.
B) Intercompany accounts are assigned plug accounts.
C) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
D) The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.

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

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

5. Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)

A) FX Rates - None
B) FX Rates - Ending
C) FX Rates - Historical
D) FX Rates - Average
E) FX Rates - Opening

Solutions: