Oracle FCCs Certification Prep Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100% Correct | A Grade

Oracle FCCs Certification Prep Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100% Correct | A Grade QUESTION If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs? A. The alias of the associated Intercompany member is automatically updated. B. The associated Intercompany member must be manually removed. C. The associated Intercompany member is automatically removed. D. The alias of the associated Intercompany member must be manually changed. Answer: The alias of the associated Intercompany member is automatically updated. QUESTION What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account? A. this setting will not affect additions or subtractions to the next parent B. subtract amounts consolidated to the parent C. add amounts consolidated to the parent D. you can't load data to this account Answer: subtract amounts consolidated to the parent QUESTION 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 divest itself of a division Answer: Intercompany eliminations are generally required to remove the effect of transactions within the company QUESTION What member of the Consolidation dimension aggregates the Proportion member and the Elimination members? A. FCCS_Entity Total B. FCCS_Parent Currency C. FCCS_Contribution D. FCCS_Entity Consolidation Answer: FCCS_Contribution QUESTION When creating a Financial Consolidation and Close (FCCS) application, which initial Multisource data options can be selected? (Choose two) A. ERP Cloud B. Supplemental Data C. Data Management D. ERP r12 Answer: Supplemental Data Data Management QUESTION Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report. Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? A. FCCS_Accounts Payable account member B. FCCS_CashFlow_Operating movement member C. FCCS_CashFlow_Accounts Payable account member D. FCCS_Total Balance Sheet - Cash and NonCa