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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

A) Chart
B) Footer
C) Header
D) Grid

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

3. Which statement is FALSE about when Intercompany Data is enabled?

A) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
B) Tracking intercompany eliminations is optional.
C) The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.
D) Intercompany accounts are assigned plug accounts.

4. You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?

A) Journal
B) Consolidation
C) Financial
D) Intercompany

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

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

Solutions: