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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. How do you navigate if you want to export a form to a Snapshot file?

A) Open the form, select Actions, and then Export.
B) From the Home page, select Tools, and then Clone Snapshot.
C) From the Navigator menu, select Forms.
D) From the Home page, select Tools, and then Migration.

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

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

3. For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?

A) Select the Consolidation template when setting up the Approval Unit hierarchy.
B) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
C) Delete the default Approval Unit hierarchy.
D) Select users with the Service Administrator security role.

4. In the approval process, which four dimensions constitute an approval unit? (Choose four.)

A) Scenario
B) Year
C) Data Source (Entity)
D) Account
E) Period

5. Which statement is FALSE about Task Manager schedules?

A) You can re-open a schedule that has been locked.
B) You can still add tasks to a schedule that has been closed.
C) Users can still complete tasks in a schedule that has been closed.
D) To start all the tasks in a schedule, you must change the status from Pending to Open.

Solutions: