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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)

A) Average Rate
B) Opening Rate
C) Local Rate
D) Ending Rate

2. You want to display a single value in a financial dashboard from a single cell in a form.
Which type of chart would you select?

A) Line
B) Bar
C) Gauge
D) Tile

3. You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?

A) Create a Task Manager rule.
B) Create a valid intersection rule.
C) Create a Groovy rule.
D) Create a Configurable Consolidation rule.

4. Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)

A) FX Rates - Opening
B) FX Rates - None
C) FX Rates - Historical
D) FX Rates - Ending
E) FX Rates - Average

5. Which statement is FALSE about running consolidations?

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

Solutions: