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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

A) You can select which entities to include in the rule scope.
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) Opening Balance Override rules execute for the first period in the year only.

2. Which statement is true of journals created from Recurring templates?

A) The line items in journals created from Recurring templates are read only.
B) The initial status of journals created from Recurring templates is Approved.
C) Journals for recurring templates are created automatically when you open a period for journals.
D) The initial status of journals created from Recurring templates is Posted.

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

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

4. For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?

A) Delete the default Approval Unit hierarchy.
B) Select the Consolidation template when setting up the Approval Unit hierarchy.
C) Select users with the Service Administrator security role.
D) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.

5. 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 - Historical
C) FX Rates - None
D) FX Rates - Average
E) FX Rates - Ending

Solutions: