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FCCS CERTIFICATE QUESTIONS WITH ACCURATE ANSWERS
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FCCS CERTIFICATE QUESTIONS WITH ACCURATE ANSWERS
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FCCS CERTIFICATE QUESTIONS WITH ACCURATEANSWERS
Financial Consolidation and Close Cloud Service (FCCS) provides a
consolidation path through which dimension combination?
Accurate 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?
Accurate 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?
Accurate 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?
Accurate 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?
Accurate Answer - Account Reconciliation Management
,Which components are pre-built into Financial Consolidation and Close Cloud
Service to provide a configurable and scalable consolidation solution?
Accurate 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?
Accurate 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?
Accurate 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?
Accurate 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?
Accurate 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?
Accurate Answer - Name
Description
Drill URL
For which three levels can Profiles be set in Data Management?
Accurate Answer - User
System
Application
, In Data Management, what is the purpose of Source Mapping?
Accurate Answer - managing source periods in relation to global periods
Which two statements are correct with regard to Data Management locations?
Accurate 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.
Which statement is true regarding Data Management categories?
Accurate Answer - Application mapping is not required if the global mapping
target category is exactly correct.
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`ELSE `SALES` Which statement is
True?
Accurate Answer - The script will work if the script is referenced in the In
mapping type with #SQL as the target.
For data load rules in Data Management, which two statements are FALSE?
Accurate Answer - Valid load types are Merge and Replace.
A job must first run to import the data file before the user can run the data
load rule.
When defining a batch in Data Management, which statement is True?
Accurate Answer - Batches can execute data loads for multiple locations.
Which method will run a batch in Data Management?
Accurate Answer - Schedule a batch to run on a daily basis.
When can the Intercompany Dimension be enabled and made visible within
your application?
Accurate Answer - during application creation and selecting the Intercompany
Data feature option
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