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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is true of reporting currencies?

A) All reporting currency members have the suffix Reporting.
B) When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.
C) During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.
D) All input currencies that you add are automatically added as reporting currencies as well.

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

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

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

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

4. 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.

5. Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

A) The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
B) You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.
C) You can include Data Management artifacts in the clone.
D) You can include the inbox and outbox contents in the clone.

Solutions: