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

2. 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.

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

4. What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?

A) FCCS Entity Total
B) FCCS Entity Consolidation
C) FCCS Totallnput And Adisuted
D) FCCS Contribution

5. 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.

Solutions: