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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A) If the primary instance of the member is selected for a rule, all shared members for the instances are included.
B) Selecting a shared member for a rule does not include its primary instance.
C) Selecting the primary instance of a member does not include shared members.
D) If a shared member is selected for a rule, the primary instance of the member is selected as well.

2. In Data Integration integrations, which two attributes are linked to the location selected for the integration?
(Choose two.)

A) Data tile name
B) Member mappings
C) Scenario
D) Target application

3. Which statement is true of reporting currencies?

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

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

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

5. When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)

A) Movement
B) View
C) Account
D) Consolidation

Solutions: