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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. The company PQR has an ownership structure as shown below.

H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?

A) PQR
B) H 1 and P 2
C) Hickory and Paducah
D) No elimination is performed, because H 1 and P 1 do not have the same parent.

2. Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?

A) The parent entity has a different currency than the child.
B) An intercompany elimination was performed.
C) A rate was entered into the FCCS Rate Override account.
D) An ownership percentage for the entity other than 100 was entered.

3. Which three dimensions can be included in an approval group? (Choose three.)

A) Movement
B) Multi-GAAP
C) Entity
D) Scenario
E) Account

4. 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 to provide analysis for cash flow modeling
C) Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
D) Pre-built integrations to combine narrative and data to produce both internal and external reporting packages

5. What action requires refreshing the database?

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

Solutions: