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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

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

2. Which three dimensions can be included in an approval group? (Choose three.)

A) Multi-GAAP
B) Account
C) Entity
D) Scenario
E) Movement

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

4. Which statement is FALSE regarding establishing security for Financial Consolidation and Close?

A) All members are accessible for dimensions with no security applied.
B) The Identity Domain Administrator inherits full access privileges.
C) Security is mandatory for one dimension.
D) Security can be assigned at a parent level.
E) Security can be disabled for any dimension.

5. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

A) Consolidation
B) Entity
C) Scenario
D) Period
E) Year
F) Data Source

Solutions: