FCCS Cert Exam Questions with All Correct Answers
Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination? - ANSWER Consolidation, Currency, Account
Which three key requirements does the Financial Consolidation and Close C...
FCCS Cer t Exam Questions w ith All Correct Answers Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination? - ANSWER Consolidation, Currency, Accoun t Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? - ANSWER Ensure security of sensitive data. Integrate with source systems. Provide a strong compliance framework that includes auditing and segregation of duties. A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution. Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? - ANSWER robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a stron g IT footprint a configurable reporting solution with prebuilt dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards Which solution is delivered by the Financial Consol idation and Close Cloud Service? - ANSWER an automated and integrated solution to manage the financial consolidation month -end close process Which financial close related component requires a separate subscription and is not included in the Financ ial Consolidation and Close Cloud suite subscription? - ANSWER Account Reconciliation Management Which components are pre -built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution? - ANSWER calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow What is the recommended step a Financial Consolidation and Close Cloud administrator should take to facilitate the backup process? - ANSWER Identify a one-hour window convenient to users, then use the Tools, Daily Maintenance window to identify tha t time for Oracle to run their backup process. On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features? - ANSWER the first and third Friday of each month; first Friday for TEST and third Friday for PROD For which three tasks can Data Management be used? - ANSWER loading data from a fixed width or delimited text file drilling through from a web form or Smart View loading data that is period -to-date or year -to-date Which task CANNOT be completed by using Data Management? - ANSWER Load journal data to Financial Consolidation and Close (FCCS) Which three fields must be defined when registering a file -based source system in Data Management? - ANSWER Name Descript ion Drill URL For which three levels can Profiles be set in Data Management? - ANSWER User System Application In Data Management, what is the purpose of Source Mapping? - ANSWER managing source periods in relation to global periods Which two statements are correct with regard to Data Management locations? - ANSWER Locations must specify an import format, which may be used by other locations. Locations can share dimension member mappings by specifying a location as a parent location of others.
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