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