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FCCS ORACLE
Institution
FCCS ORACLE
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FCCS ORACLE EXAM LATEST 3 VERSIONS TEST BANK
2024-2025 ALL 350 QUESTIONS AND CORRECT VERIFIED
ANSWERS
FCCS ORACLE EXAM
QUESTION: 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?
A. The script can be eliminated by using a multi-dim map on the Product dimension that also
looks
for the account Sales.
B. The script will work if the script is referenced in the In mapping type with #SQL as the target.
C. The script will not work since Data Management does not support scripting.
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D. The script will not work since the UD5 member referenced does not start with FCCS_
E. The script will work if the script is referenced in the Explicit mapping type with #SQL as the
target. - ANSWER-B. The script will work if the script is referenced in the In mapping type with
#SQL as the target.
QUESTION: 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.
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,Page 3 of 129
D. January should be consolidated for the change and nothing needs to happen for February. -
ANSWER-B. January and February should be consolidated.
QUESTION: Which statement correctly describes the Consolidation dimension?
A. The dimension contains members to store non-controlling interest and joint venture data.
B. The dimension uses a separate member to store data from an entity's descendants.
C. The dimension allows users to see input versus journal adjustment data.
D. The dimension aggregates input, consolidated, and elimination data together. - ANSWER-B.
The dimension uses a separate member to store data from an entity's descendants.
QUESTION: Why should years be consolidated sequentially; i.e., first 2018, then 2019, then
2020?
A)Each period in the year must consolidate separately
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B)Parent account calculations depend on the sequencing
C)There is no reason to consolidate the years sequentially
D)Rollforward calculations are populated with correct results - ANSWER-D)Rollforward
calculations are populated with correct results
In Financial Close Manager, when would you choose to define tasks in a Template rather than
create a new Schedule each month?
A. when the tasks are repeatable over multiple close cycles
B. when the tasks require consistent definition across close schedules
C. when the tasks are often late in completion and they need to be monitored more closely
D. when the tasks require multiple levels of approvers - ANSWER-A. when the tasks are
repeatable over multiple close cycles
QUESTION: Which role can the "Approvals Supervisor" perform?
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