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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

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

2. When do you enable submission phases for your approval process?

A) When you set up the approval unit hierarchy
B) When you start the approval process for an approval unit on the Manage Approvals page
C) When you assign the approval unit hierarchy to a scenario, period, and year
D) When you set the member properties for the entity

3. Which two statements are true about Enterprise Journals? (Choose two.)

A) Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
B) You cannot deploy Enterprise Journals to a period with Pending status.
C) You can assign a team as preparer or reviewer.
D) Line items can only include entities that have been enabled for Enterprise Journals.

4. Which statement is FALSE about the Equity Pickup feature?

A) Equity Pickup rules run as part of the consolidation process
B) Seeded rule sets are provided for Equity Pickup.
C) Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
D) Equity Pickup rules are run on demand from the Rules card by users with launch permission.

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

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

Solutions: