Oracle FCCs Certification Exam (Latest 2024/ 2025
Update) Questions and Verified Answers| 100%
Correct | Grade A
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 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 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? -
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 Financial 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
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? - 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
Description
Drill URL
For which three levels can Profiles be set in Data Management? - ANSWER
User
System
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