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Oracle FCCS Certification Exam Solved Questions With Revised Correct Detailed Answers >> BRAND NEW VERSION!! $16.34
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Oracle FCCS Certification Exam Solved Questions With Revised Correct Detailed Answers >> BRAND NEW VERSION!!

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Oracle FCCS Certification Exam Solved Questions With Revised Correct Detailed Answers >> BRAND NEW VERSION!! 1. Which three scenarios result in foreign currency translation during the default consolidation process? (Choose three.) A. A base entity currency has a parent entity ...

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  • October 23, 2024
  • 153
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ORACLE FCCS CERTIFICATION
  • ORACLE FCCS CERTIFICATION

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Oracle FCCS Certification
Exam Solved Questions With Revised
Correct Detailed Answers
>> BRAND NEW VERSION!!

1. Which three scenarios result in foreign currency translation during the default
consolidation
process? (Choose three.)
A. A base entity currency has a parent entity with a matching default currency.
B. A base entity currency has a parent entity with a different default currency.
C. A parent entity has the same default currency as its parent.
D. A parent entity has a different currency from its parent.

E. A shared entity has a parent with a different currency. - ANSWER A base
entity currency has a parent entity with a different default currency.
-A parent entity has a different currency from its parent.
-A shared entity has a parent with a different currency.


2. Which financial close related component is NOT a part of the Financial
Consolidation and Close Cloud integrated product suite?
A. Process Management
B. Account Reconciliation Management
C. Data Management
D. Supplemental Data Management

,E. Financial Close Management - ANSWER Account Reconciliation
Management
- 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.


3. 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 transaction -
ANSWER dashboard reporting with daily revenue comparisons and KPI's that
measure cost controls
-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


4. Which dimension includes the FCCS_Global Assumption member that is used
to store currency information?
A. Account
B. From Currency

,C. Entity

D. Currency - ANSWER From Currency


5. By default, security access is set to "None" for which three dimensions?
(Choose three.)


A. Movement
B. Data Source
C. Account
D. Entity

E. Year - ANSWER Data Source
Account
Entity


6. What is the primary function of enabling the Track Intercompany Elimination
option during the application creation?
A. enables the Elimination member in the Consolidation dimension
B. process will separate total elimination values by Data source
C. Enables the application to include Intercompany data

D. Enables the application to perform Intercompany eliminations - ANSWER
Process will separate total elimination values by data source


7. Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation
path through which dimension combination?
A. Consolidation, Currency, Account

, B. Currency, Account, Movement
C. Entity, Consolidation, Currency

D. Entity, Currency, Account - ANSWER Currency, Account, Movement
A new Sheet tab in Excel is copied from an existing tab that contains a Smart
View query, but clicking Refresh does not refresh the data and the Smart View
(Point of View) POV bar does not display.
8. Which additional step is required to pull data in the new tab and change the
POV?
A. Disconnect from the Smart View connection, and relog in.
B. Activate the Connection.
C. Close out of Excel, and relog in to Smart View.
D. Change one of the Row or Column dimension members and click Refresh. -
ANSWER Change one of the Row or Column dimension members and click
refresh
- A company would like capture Fixed Asset additions and disposals within
Movement dimension.


9. Which three tasks are necessary to achieve this goal?
A. Build a custom Movement member for Fixed Assets with dependent custom
members for Additions and Disposals
B. Add custom members for Additions as dependents of
FCCS_Mvmts_CapitalExpenditures
C. Load detailed Fixed Asset data to Movement members
D. Add custom Movement members to the FCCS_CashFlow hierarchy

E. Create a Roll Forward in the account dimension - ANSWER Build a custom
Movement member for Fixed Assets with dependent custom members for
Additions and Disposals

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