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Oracle FCC Certification Exam Prep Questions with Approved Answers |Latest 2024/2025
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  • Oracle FCC Certification

Which statement is false regarding establishing security for Financial Consolidation and Close? A. Security can be assigned at a parent level B. Security is mandatory for one dimension C. The Identity Domain Administrator inherits full access privileges D. All members are accessible for...

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  • September 28, 2024
  • 65
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • oracle fcc certification exam prep questions with
  • oracle fcc certification exam prep
  • oracle fcc certification exam

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  • Oracle FCC Certification

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Oracle FCC Certification Exam Prep
Questions with Approved Answers.
Which statement is false regarding establishing security for Financial
Consolidation and Close?

A. Security can be assigned at a parent level

B. Security is mandatory for one dimension

C. The Identity Domain Administrator inherits full access privileges

D. All members are accessible for dimensions with no security applied

E. Security can be disabled for any dimension All members are
accessible for dimensions with no security applied

Which is NOT a member of the Data Source Dimension created by
FCCS?

A. FCCS_No Data Source

B. FCCS_Data Input

C. FCCS_SystemTypes

D. FCCS_Proportion FCCS_Proportion

,Which three scenarios result in foreign currency translation during the
default consolidation process?

A. A parent entity has a different default currency than its parent

B. A parent entity has the same default currency as its parent

C. A base entity has a different default currency than its parent

D. A base entity has the same default currency as its parent

E. A shared entity has a different default currency than its parent A
parent entity has a different default currency than its parent

A base entity has a different default currency than its parent

A shared entity has a different default currency than its parent

What will Financial Consolidation and Close do when aggregating data
for a member that is set as an expense type account to a parent that is
set as an income type account?

A. This setting does not affect aggregation to the parent

B. You cannot load data to this account

C. Add amounts aggregated to the parent

D. Subtract amounts aggregated to the parent Add amounts
aggregated to the parent

,A company is based in the United Kingdom and has an application
currency set to GBP. The company collects data from a United States
based subsidiary. The subsidiary's functional currency is USD.

Which two items facilitate the reporting of the subsidiary's Common
Stock balance at an historical rate in the GBP reporting currency?
(Choose two)

A. Common stock must have an Exchange Rate Type set to Historical
Rate Override

B. The subsidiary must have a balance not equal to zero in Common
Stock

C. Common Stock must have a Data Storage property set to Never Share

D. USD must be created as a reporting currency


How is drill-back enabled to Supplemental Data Manager (SDM) from
the Supplemental Data
member within the Multi-source dimension?

A. Drill-back to SDM is not an available feature.

B. Droll-back is available from any Multi-source dimension member by
default, know the source of
the origination data load.

, C. By selecting Track Multi-source Data Input option for Supplemental
Data during the application
creation process.

D. By selecting Track Multi-source Data Input option for Other Data
during the application creation
process. Drill-back is available from any Multi-source dimension
member by default, know the source of the origination data load

P, Q, and R are children of a mid-level parent entity, AceCo. In February
each entity has cash in
the amounts of 10, 20, and 30, respectively, and AceCo has been
consolidated and has cash of 60. A
prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?

A. There is no way to do a prior period entry like this.

B. January and February should be consolidated.

C. February should be consolidated, after which the cash at AceCo is
now 65.

D. January should be consolidated for the change and nothing needs to
happen for February. January and February should be consolidated.

Financial Consolidation Close Cloud maintains the status calculation for
which combination of dimensions?

A. Scenario, Account, Base Entity and Parent Entity

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