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FCCS PRACTICE EXAM Q-A QUESTIONS WITH CORRECT ANSWERS
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FCCS PRACTICE EXAM Q-A QUESTIONS WITH CORRECT ANSWERS
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FCCS PRACTICE EXAM Q-A QUESTIONS WITHCORRECT ANSWERS
1. 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 - CORRECT ANSWER -A. when the tasks
are repeatable over multiple close cycles
2. Which two data extract export file types are available within Financial Consolidation and
Close (FCCS)?
(Choose two.)
A. DAT file type
B. Excel XLS file type
C. Comma delimited
D. Tab delimited - CORRECT ANSWER -C. Comma delimited
D. Tab delimited
3. 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'
FCCS Practice Exam Q-A questions with correct answers
,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.
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. - CORRECT ANSWER -A. The script can be eliminated by using a multi-dim map on the
Product dimension that also looks for the account Sales.
4. 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. -
CORRECT ANSWER -B. January and February should be consolidated.
5. 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.
FCCS Practice Exam Q-A questions with correct answers
, D. The dimension aggregates input, consolidated, and elimination data together. - CORRECT
ANSWER -D. The dimension aggregates input, consolidated, and elimination data together.
6. Which statement is true regarding Data Management categories?
A. Categories are defined on the Global Mapping tab and then the frequency is specified on the
Application Mapping tab
B. Categories must begin with FCCS_ to match their Financial Consolidation and Close
counterparts.
C. Application mapping is not required if the global mapping target category is exactly correct.
D. The category's time frequency allows data to be loaded to daily, weekly, and monthly
scenarios. - CORRECT ANSWER -C. Application mapping is not required if the global mapping
target category is exactly correct.
7. 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? (Choose two.)
A. robust consolidation engine that provides automated aggregations, intercompany
eliminations and translations without requiring a strong IT footprint
B. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls
C. leverage compliance efforts to fix process issues across all businesses and provide oversight
for risk awareness
D. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a
process to adjust data, monitor the close status and view data and compliance results in
dashboards
E. provide the ability to collaborate during close and analyse transac - CORRECT ANSWER -A.
robust consolidation engine that provides automated aggregations, intercompany eliminations
and translations without requiring a strong IT footprint
FCCS Practice Exam Q-A questions with correct answers
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