FCCS Cert Exam Questions With Correct
Answers
Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through
which dimension combination? - answerConsolidation, Currency, Account
Which three key requirements does the Financial Consolidation and Close Cloud Service ...
Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through
which dimension combination? - answer✔Consolidation, Currency, Account
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS)
deliver to ensure a modern consolidation and close solution? - answer✔Ensure security of
sensitive data.
Integrate with source systems.
Provide a strong compliance framework that includes auditing and segregation of duties.
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? - answer✔robust consolidation engine that provides automated aggregations,
intercompany eliminations and translations without requiring a strong IT footprint
a configurable reporting solution with prebuilt dimensions, KPIs, reports along with a process to
adjust data, monitor the close status and view data and compliance results in dashboards
Which solution is delivered by the Financial Consolidation and Close Cloud Service? -
answer✔an automated and integrated solution to manage the financial consolidation month-
end close process
Which financial close related component requires a separate subscription and is not included in
the Financial Consolidation and Close Cloud suite subscription? - answer✔Account
Reconciliation Management
Which components are pre-built into Financial Consolidation and Close Cloud Service to provide
a configurable and scalable consolidation solution? - answer✔calculations, dashboards and
reports as well as detailed data source tracking and an automated cash flow
What is the recommended step a Financial Consolidation and Close Cloud administrator should
take to facilitate the backup process? - answer✔Identify a one-hour window convenient to
users, then use the Tools, Daily Maintenance window to identify that time for Oracle to run
their backup process.
On what days during the month does Oracle apply patch updates to fix bugs, apply code
optimizations, and add new features? - answer✔the first and third Friday of each month; first
Friday for TEST and third Friday for PROD
For which three tasks can Data Management be used? - answer✔loading data from a fixed
width or delimited text file
drilling through from a web form or Smart View
loading data that is period-to-date or year-to-date
Which task CANNOT be completed by using Data Management? - answer✔Load journal data to
Financial Consolidation and Close (FCCS)
Which three fields must be defined when registering a file-based source system in Data
Management? - answer✔Name
Description
Drill URL
For which three levels can Profiles be set in Data Management? - answer✔User
System
Application
In Data Management, what is the purpose of Source Mapping? - answer✔managing source
periods in relation to global periods
Which two statements are correct with regard to Data Management locations? -
answer✔Locations must specify an import format, which may be used by other locations.
Locations can share dimension member mappings by specifying a location as a parent location
of others.
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