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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two statements are true about Enterprise Journals? (Choose two.)

A) Line items can only include entities that have been enabled for Enterprise Journals.
B) You can assign a team as preparer or reviewer.
C) Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
D) You cannot deploy Enterprise Journals to a period with Pending status.

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

3. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A) An extra custom dimension is available.
B) The ICP dimension is omitted.
C) Data can be stored by the intercompany partner but no eliminations occur.
D) The FCCS No Intercompany member of the ICP dimension is used for all data.

4. For which scenario would an On-Demand rule be an appropriate solution?

A) To import data into a form or Smart View worksheet
B) To allocate data to base entities prior to consolidation
C) To add a column with a calculation to a report
D) To perform a custom currency translation for a subset of accounts

5. 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.

Solutions: