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FCCS Cert Questions and CORRECT Answers 2024/2025
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FCCS Cert Questions and CORRECT Answers 2024/2025
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FCCS CertFinancial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through
which dimension combination? - ANSConsolidation, Currency, Account
Which three key requirements does the Financial Consolidation and Close Cloud Service
(FCCS) deliver to ensure a modern consolidation and close solution? - ANSEnsure 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? - ANSrobust consolidation engine that provides automated aggregations,
intercompany eliminations and translations without requiring a strong 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 Consolidation and Close Cloud Service? - ANSan
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 Financial Consolidation and Close Cloud suite subscription? - ANSAccount Reconciliation
Management
Which components are pre-built into Financial Consolidation and Close Cloud Service to
provide a configurable and scalable consolidation solution? - ANScalculations, 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? - ANSIdentify a one-hour window convenient to users,
then use the Tools, Daily Maintenance window to identify that 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? - ANSthe 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? - ANSloading 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? - ANSLoad journal data to
Financial Consolidation and Close (FCCS)
Which three fields must be defined when registering a file-based source system in Data
Management? - ANSName
Description
Drill URL
For which three levels can Profiles be set in Data Management? - ANSUser
System
Application
In Data Management, what is the purpose of Source Mapping? - ANSmanaging source periods
in relation to global periods
Which two statements are correct with regard to Data Management locations? - ANSLocations
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.
Which statement is true regarding Data Management categories? - ANSApplication mapping is
not required if the global mapping target category is exactly correct.
When creating a member mapping for account Sales in Data Management, the following script
is entered. UD5 refers to a Product custom dimension: WHEN UD5 LIKE `CAR_%` THEN
`AUTO_SALES`ELSE `SALES` Which statement is True? - ANSThe script will work if the script
is referenced in the In mapping type with #SQL as the target.
For data load rules in Data Management, which two statements are FALSE? - ANSValid load
types are Merge and Replace.
A job must first run to import the data file before the user can run the data load rule.
When defining a batch in Data Management, which statement is True? - ANSBatches can
execute data loads for multiple locations.
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