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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

A) Chart
B) Footer
C) Header
D) Grid

2. Which four items are included in the Currency dimension? (Choose four.)

A) Reporting Currencies
B) Default Currency
C) Parent Currency
D) Entity Currency
E) Input Currencies
F) Journal Input Currencies

3. Which statement about Opening Balance Override rules is true?

A) Opening Balance Override rules execute for the first period in the year only.
B) You can select which accounts to include in the rule scope.
C) They are available only if Intercompany Data with Tracking is enabled for the business process.
D) You can select which entities to include in the rule scope.

4. Which statement is FALSE about running consolidations?

A) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
B) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
C) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
D) When you consolidate a parent, children with the Impacted calculation status are also consolidated.

5. Which statement is FALSE about Task Manager schedules?

A) You can re-open a schedule that has been locked.
B) To start all the tasks in a schedule, you must change the status from Pending to Open.
C) Users can still complete tasks in a schedule that has been closed.
D) You can still add tasks to a schedule that has been closed.

Solutions: