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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. What action requires refreshing the database?

A) You change the ownership percentage for an entity.
B) You deploy a new Configurable Calculation rule in Calculation Manager.
C) You edit the alias for a member in the Entity dimension.
D) You edit the Consolidation Operator for a member in the Account dimension.

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

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

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

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

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

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

5. In Data Integration, for what purpose do you use Workbench?

A) To edit the data load file format
B) To review mapping of source to target members
C) To define dimension mapping
D) To configure data load options

Solutions: