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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is true of journals created from Recurring templates?

A) The initial status of journals created from Recurring templates is Approved.
B) The line items in journals created from Recurring templates are read only.
C) The initial status of journals created from Recurring templates is Posted.
D) Journals for recurring templates are created automatically when you open a period for journals.

2. Which is NOT a Financial Consolidation and Close task that you can perform using EPM Automate?

A) Load a data file
B) Export metadata
C) Import journals
D) Run a business rule

3. Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A) If a shared member is selected for a rule, the primary instance of the member is selected as well.
B) Selecting a shared member for a rule does not include its primary instance.
C) Selecting the primary instance of a member does not include shared members.
D) If the primary instance of the member is selected for a rule, all shared members for the instances are included.

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

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

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

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

Solutions: