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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. 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 - Average
C) FX Rates - Ending
D) FX Rates - Historical
E) FX Rates - Opening

2. In the approval process, which four dimensions constitute an approval unit? (Choose four.)

A) Account
B) Data Source (Entity)
C) Year
D) Period
E) Scenario

3. For which task categories is Audit enabled by default?

A) Journals
B) All task categories
C) No task categories
D) Data only

4. In Data Integration integrations, which two attributes are linked to the location selected for the integration?
(Choose two.)

A) Target application
B) Member mappings
C) Data tile name
D) Scenario

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

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

Solutions: