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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

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

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

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

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 valid intersection rule.
B) Create a Task Manager rule.
C) Create a Groovy rule.
D) Create a Configurable Consolidation rule.

4. 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 allocate data to base entities prior to consolidation
C) To add a column with a calculation to a report
D) To perform a custom currency translation for a subset of accounts

5. Which statement is FALSE about running consolidations?

A) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
B) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
C) When you consolidate a parent, children with the Impacted calculation status are also consolidated.
D) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.

Solutions: