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

2. When do you enable submission phases for your approval process?

A) When you set up the approval unit hierarchy
B) When you set the member properties for the entity
C) When you assign the approval unit hierarchy to a scenario, period, and year
D) When you start the approval process for an approval unit on the Manage Approvals page

3. Where do you set the Intercompany Entities Aggregation option?

A) On the Properties page of the Intercompany dimension
B) In the member properties of the Intercompany Top member
C) In the Setup Wizard during business process creation
D) In the member properties of the Intercompany Entities member

4. Which of the following is allowed for accounts with the data storage type of Dynamic Calc?

A) Enter data through a data form.
B) Create member formulas.
C) Load data to this account.
D) Load data to this account and create member formulas.

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

Solutions: