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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two statements are true about the Multi-GAAP feature? (Choose two.)

A) Enabling Multi-GAAP reduces the number of custom dimensions you can have.
B) When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
C) You must specify a prefix for entities that use the alternate gap standard.
D) Select this option if you need to report your financial statements only in IFRS.

2. Which four sample ratios can be selected during business process creation? (Choose four.)

A) Debt Ratio
B) Inventory Ratios
C) Gross Margin
D) Contribution Margin
E) Earnings per Share
F) Days Sales in Receivables

3. For which task categories is Audit enabled by default?

A) All task categories
B) No task categories
C) Journals
D) Data only

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

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

5. 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) Data can be stored by the intercompany partner but no eliminations occur.
C) An extra custom dimension is available.
D) The ICP dimension is omitted.

Solutions: