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FCCS Cert exam study guides actual questions and answers
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FCCS Cert exam study guides actual questions and answers
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FCCS Cert exam study guides actualquestions and answers
Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through
which dimension combination? - ANS 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? - ANS 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? - ANS 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? - ANS
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? - ANS Account
Reconciliation Management
Which components are pre-built into Financial Consolidation and Close Cloud Service to
provide a configurable and scalable consolidation solution? - ANS 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? - ANS 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? - ANS 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? - ANS 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? - ANS 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? - ANS Name
Description
Drill URL
For which three levels can Profiles be set in Data Management? - ANS User
System
Application
In Data Management, what is the purpose of Source Mapping? - ANS managing source
periods in relation to global periods
Which two statements are correct with regard to Data Management locations? - ANS
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.
Which statement is true regarding Data Management categories? - ANS Application 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? - ANS The 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? - ANS Valid
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.
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