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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A) The FCCS No Intercompany member of the ICP dimension is used for all data.
B) The ICP dimension is omitted.
C) An extra custom dimension is available.
D) Data can be stored by the intercompany partner but no eliminations occur.

2. Where in Data Integration do you specify the default member for the Multi-GAAP dimension?

A) Workbench
B) Location Attributes section of the Create Integration dialog box
C) Execute Integration dialog box
D) Options tab of the Application Details dialog box

3. Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?

A) An ownership percentage for the entity other than 100 was entered.
B) An intercompany elimination was performed.
C) The parent entity has a different currency than the child.
D) A rate was entered into the FCCS Rate Override account.

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

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

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

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

Solutions: