FCCS LATEST EXAM ACTUAL QUESTIONS AND
ANSWERS SURE A+
✔✔You have added a new task to a close schedule with a task due date past the
defined end date of the schedule. What is the result of the change? - ✔✔The schedule
end date changes to match the end date of the task.
✔✔Which three tasks can users perform on Financial Consolidated Close Cloud data
with Smart View in Excel? - ✔✔Submit data
Run a rule such as Consolidate or Translate
Retrieve data
✔✔Using which Smart View reporting method can users retrieve data from a Financial
Consolidation and Close Cloud application data with formulas such as HsGetValue? -
✔✔Function Builder
✔✔A user creates an adhoc Smart View query that is defined to show the Financial
Consolidation and Close Cloud parent Account, FCCS_Cash and Cash Equivalents,
and all base account members below it in the rows of the spreadsheet. If a new base
account is added to the FCCS_Cash and Cash Equivalents parent account, what
method can the user select to add the new account to the rows in the query? - ✔✔Zoom
out on the FCCS_Cash and Cash Equivalents parent account, then re-zoom in.
✔✔A new Sheet tab in Excel is copied from an existing tab that contains a Smart View
query, but clicking Refresh does not refresh the data and the Smart View (Point of View)
POV bar does not display.What additional step is required to pull data in the new tab
and change the POV? - ✔✔Activate the Connection.
✔✔When designing a report in Financial Reporting Studio, which condition should NOT
be considered for a Financial Consolidation and Close (FCCS) report? - ✔✔Suppress
missing blocks
✔✔When designing a report in Financial Reporting Studio, which item is NOT an insert-
able report object? - ✔✔Header
✔✔ Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation
path through which dimension combination? - ✔✔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? -
✔✔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? - ✔✔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?
- ✔✔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? -
✔✔Account Reconciliation Management
✔✔Which components are pre-built into Financial Consolidation and Close Cloud
Service to provide a configurable and scalable consolidation solution? - ✔✔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? - ✔✔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? - ✔✔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? - ✔✔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? - ✔✔Load journal
data to Financial Consolidation and Close (FCCS)
ANSWERS SURE A+
✔✔You have added a new task to a close schedule with a task due date past the
defined end date of the schedule. What is the result of the change? - ✔✔The schedule
end date changes to match the end date of the task.
✔✔Which three tasks can users perform on Financial Consolidated Close Cloud data
with Smart View in Excel? - ✔✔Submit data
Run a rule such as Consolidate or Translate
Retrieve data
✔✔Using which Smart View reporting method can users retrieve data from a Financial
Consolidation and Close Cloud application data with formulas such as HsGetValue? -
✔✔Function Builder
✔✔A user creates an adhoc Smart View query that is defined to show the Financial
Consolidation and Close Cloud parent Account, FCCS_Cash and Cash Equivalents,
and all base account members below it in the rows of the spreadsheet. If a new base
account is added to the FCCS_Cash and Cash Equivalents parent account, what
method can the user select to add the new account to the rows in the query? - ✔✔Zoom
out on the FCCS_Cash and Cash Equivalents parent account, then re-zoom in.
✔✔A new Sheet tab in Excel is copied from an existing tab that contains a Smart View
query, but clicking Refresh does not refresh the data and the Smart View (Point of View)
POV bar does not display.What additional step is required to pull data in the new tab
and change the POV? - ✔✔Activate the Connection.
✔✔When designing a report in Financial Reporting Studio, which condition should NOT
be considered for a Financial Consolidation and Close (FCCS) report? - ✔✔Suppress
missing blocks
✔✔When designing a report in Financial Reporting Studio, which item is NOT an insert-
able report object? - ✔✔Header
✔✔ Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation
path through which dimension combination? - ✔✔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? -
✔✔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? - ✔✔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?
- ✔✔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? -
✔✔Account Reconciliation Management
✔✔Which components are pre-built into Financial Consolidation and Close Cloud
Service to provide a configurable and scalable consolidation solution? - ✔✔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? - ✔✔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? - ✔✔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? - ✔✔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? - ✔✔Load journal
data to Financial Consolidation and Close (FCCS)
