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  • 22 augustus 2024
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Voorbeeld van de inhoud

FCCS Exam

Study online at https://quizlet.com/_c1qghe


FCCS Test-Bank. Latest 2024-2025
1. Company 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: A
2. 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: A
3. 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: D
4. 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.





, FCCS Exam

Study online at https://quizlet.com/_c1qghe

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.: B
5. 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: A, E
6. 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.: D
7. 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: A, B, C
8. 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: D
9. Which dimension includes the FCCS_Global Assumption member that is used to
store currency information?




, FCCS Exam

Study online at https://quizlet.com/_c1qghe

A. Account
B. From Currency
C. Entity
D. Currency: C
10. 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.: C, E
11. 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 segre-gation
of duties.: A, B, D
12. 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: D
13. Which four statements are true about the members in the FCCS_Cash Flow
hierarchy in the Movement dimension? (Choose four.)





, FCCS Exam

Study online at https://quizlet.com/_c1qghe

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.: C, D, E, F
14. 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: B
15. Which three combinations of dimensions could be valid for a Financial
Consolidation and Close (FCCS) application? (Choose three.)

A. Period, Year, Entity
B. From Currency, Movement, Scenario
C. Multi-GAAP, Data Type, Intra-company
D. Value, Entity, Account
E. Data source, Consolidation, View: A, B, E
16. Which is NOT a member of the Data Source Dimension created by Financial
Consolidation and Close (FCCS)?

A. FCCS_No Data Source
B. FCCS_Data Input
C. FCCS_SystemTypes
D. FCCS_Proportion: D

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