Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For which scenario would an On-Demand rule be an appropriate solution?

A) To import data into a form or Smart View worksheet
B) To perform a custom currency translation for a subset of accounts
C) To add a column with a calculation to a report
D) To allocate data to base entities prior to consolidation

2. Which statement is FALSE about the Equity Pickup feature?

A) Equity Pickup rules are run on demand from the Rules card by users with launch permission.
B) Seeded rule sets are provided for Equity Pickup.
C) Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
D) Equity Pickup rules run as part of the consolidation process

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

5. Which two statements are true about Enterprise Journals? (Choose two.)

A) Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
B) You cannot deploy Enterprise Journals to a period with Pending status.
C) Line items can only include entities that have been enabled for Enterprise Journals.
D) You can assign a team as preparer or reviewer.

Solutions: