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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

A) Plug Account
B) Intercompany Entity
C) Intercompany Account
D) Is Plug Account

2. Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

A) There is no reason to consolidate years sequentially.
B) Each period in the year must consolidate separately.
C) Parent account calculations depend on the sequencing.
D) Years should be consolidated sequentially to ensure that rollforward calculations are correct.

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

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

4. Where in Data Integration do you specify the default member for the Multi-GAAP dimension?

A) Workbench
B) Location Attributes section of the Create Integration dialog box
C) Options tab of the Application Details dialog box
D) Execute Integration dialog box

5. Which is NOT a Financial Consolidation and Close task that you can perform using EPM Automate?

A) Import journals
B) Run a business rule
C) Load a data file
D) Export metadata

Solutions: