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Oracle FCCS Certification Questions and answers | NEWEST 2024/25
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Oracle FCCS Certification Questions and answers | NEWEST 2024/25
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Oracle FCCS Certification Questions andanswers | NEWEST 2024/25
Company 123 is a public company that reports in US Dollars. Company 123 owns
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Company XYZ, a European company that consolidates in Euro. One of the Company
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XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional
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currency of the Swiss Franc. Which process produces USD balances for Company IOU?
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A. A translation to the USD_Reporting currency member for Company IOU
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B. A translation of Company IOU
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C. A consolidation of Company 123
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D. A consolidation of Company XYZ
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E. A translation of Company XYZ to Parent Currency - E. A translation of Company XYZ to
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Parent Currency
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ii Which statement is correct regarding intercompany eliminations?
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A. Intercompany eliminations are generally required to remove the effect of transactions
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within the company
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B. Intercompany eliminations are required for sustainability reporting to show the
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company's waste output.
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C. Intercompany eliminations are optional in FCCS and use one of the custom dimensions
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when enabled.
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D. Intercompany eliminations are needed when a company divests itself of a division - A.
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Intercompany eliminations are generally required to remove the effect of transactions
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within the company
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What member of the Currency dimension is associated with the Entity Input member of the
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Consolidation dimension?
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A. Base Currency
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B. Parent Currency
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C. Local Currency
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D. Entity Currency - D. Entity Currency
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, Which statement is false regarding establishing security for Financial Consolidation and
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Close (FCCS)?
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A. All members are accessible for dimensions with no security applied.
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B. The Identity Domain Administrator inherits full access privileges.
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C. Security is mandatory for one dimension.
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D. Security can be assigned at a parent level.
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E. Security can be disabled for any dimension. - A. All members are accessible for
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dimensions with no security applied.
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Which three fields must be defined when registering a file-based source system in Data
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Management? (Choose three.)
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A. Source Type
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B. Drill URL
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C. Cloud Type
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D. Description
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E. Name - A. Source Type
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B. Drill URL
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E. Name
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When a Financial Consolidation and Close (FCCS) application was created, no
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intercompany options were enabled. Which statement is true?
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A. The FCCS_No Intercompany member of the ICP dimension will be used for all data
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B. Data can be stored by intercompany partner but no eliminations will occur.
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C. An extra custom dimension will be available.
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D. The ICP dimension will be omitted. - D. The ICP dimension will be omitted.
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ii For which three tasks can Data Management be used? (Choose three.)
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A. loading data that is period-to-date or year-to-date
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,B. drilling through from a web form or Smart View
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C. loading data from a fixed width or delimited text file
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D. writing back data to source systems
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E. loading a Metadata Import File - A. loading data that is period-to-date or year-to-date
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B. drilling through from a web form or Smart View
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C. loading data from a fixed width or delimited text file
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You are required to define a form that displays all form data for only specific View
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dimension member and not allow users to change this. Where on the form do you define
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the View dimension and select the correct member?
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A. a column
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B. Other Options section
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C. the Page Axis
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D. the Point of View - D. the Point of View
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Which dimension includes the FCCS_Global Assumption member that is used to store
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currency information?
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A. Account
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B. From Currency
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C. Entity
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D. Currency - C. Entity
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Which two statements are correct with regard to Data Management locations? (Choose
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two.)
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A. A company with three instances of Oracle EBS R12 should only use one location to
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maintain proper accounting controls.
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B. Location security allows users to be provisioned in Shared Services for read or modify
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access to each location.
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, C. Locations can share dimension member mappings by specifying a location as a parent
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location of others.
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D. The logic account group is required in order to effect running of calculations after the
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data load.
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E. Locations must specify an import format, which may be used by other locations.
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F. Data load rules can be shared across locations. - C. Locations can share dimension
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member mappings by specifying a location as a parent location of others.
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E. Locations must specify an import format, which may be used by other locations.
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Which three key requirements does the Financial Consolidation and Close Cloud Service
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(FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)
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A. Ensure security of sensitive data
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B. Integrate with source systems.
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C. Provide predictive analysis and modeling
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D. Provide a strong compliance framework that includes auditing and segregation of
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duties. - A. Ensure security of sensitive data
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B. Integrate with source systems.
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D. Provide a strong compliance framework that includes auditing and segregation of
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duties.
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When designing a report in Financial Reporting Studio, which two items are NOT an insert-
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able report object?
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A. Chart
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B. Grid
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C. Image
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D. Header
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E. Footer - D. Header
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E. Footer
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