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Updated: Jul 21, 2026
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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
1. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)
A) To specify exchange rates you must set up multiple currencies when creating an application.
B) The child entity is NOT a shared entity.
C) Reporting currencies have been defined in the Currency dimension.
D) The default currency of the child is different from the default currency of the parent.
2. Which two statements about the Copy Data function are true? (Choose two.)
A) When you select the Regular Data option, journals data is included.
B) You can select which Consolidation dimension member to copy.
C) You cannot select which Account members to copy.
D) You can copy data for historical rate and amount overrides.
3. Which statement about Opening Balance Override rules is true?
A) They are available only if Intercompany Data with Tracking is enabled for the business process.
B) You can select which entities to include in the rule scope.
C) Opening Balance Override rules execute for the first period in the year only.
D) You can select which accounts to include in the rule scope.
4. 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) Intercompany Account
B) Intercompany Entity
C) Is Plug Account
D) Plug Account
5. Where do you set the Intercompany Entities Aggregation option?
A) In the member properties of the Intercompany Entities member
B) In the member properties of the Intercompany Top member
C) On the Properties page of the Intercompany dimension
D) In the Setup Wizard during business process creation
Solutions:
| Question # 1 Answer: C,D | Question # 2 Answer: B,D | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: A |
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