FCCS EXAM QUESTIONS WITH
100% CORRECT ANSWERS;
VERIFIED; LATEST UPDATE 2026
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? (Choose two.)
A. robust consolidation engine that provides automated
aggregations, intercompany eliminations
and translations without requiring a strong IT footprint
B. dashboard reporting with daily revenue comparisons
and KPI's that measure cost controls
,C. leverage compliance efforts to fix process issues across
all businesses and provide oversight for
risk awareness
D. a configurable reporting solution with prebuild
dimensions, KPIs, reports along with a process to
adjust data, monitor the close status and view data and
compliance results in dashboards
E. provide the ability to collaborate during close and
analyse transaction - correct answer- A.
robust consolidation engine that provides automated
aggregations, intercompany eliminations
and translations without requiring a strong IT footprint
D. a configurable reporting solution with prebuild
dimensions, KPIs, reports along with a process to
adjust data, monitor the close status and view data and
compliance results in dashboards
,A company has two subsidiaries with 1000 EURO each in
the Cash account.
Which four Consolidation Members will reflect 2000
EURO at the company's balance? (Choose four.)
A. FCCS_Elimination
B. FCCS_Proportion
C. FCCS_Entity Input
D. FCCS_Entity Consolidation
E. FCCS_Entity Total
F. FCCS_Contribution - correct answer- B.
FCCS_Proportion
D. FCCS_Entity Consolidation
, E. FCCS_Entity Total
F. FCCS_Contribution
A company is based in the United Kingdom and has an
application currency set to GBP. The
company collects data from a United States based
subsidiary. The subsidiary's functional currency is
USD.
Which two items facilitate the reporting of the
subsidiary's Common Stock balance at an historical
rate in the GBP reporting currency? (Choose two.)
A. Common Stock must have an Exchange Rate Type set to
Historical Rate Override.
B. The subsidiary must have a balance not equal to zero in
Common Stock.
100% CORRECT ANSWERS;
VERIFIED; LATEST UPDATE 2026
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? (Choose two.)
A. robust consolidation engine that provides automated
aggregations, intercompany eliminations
and translations without requiring a strong IT footprint
B. dashboard reporting with daily revenue comparisons
and KPI's that measure cost controls
,C. leverage compliance efforts to fix process issues across
all businesses and provide oversight for
risk awareness
D. a configurable reporting solution with prebuild
dimensions, KPIs, reports along with a process to
adjust data, monitor the close status and view data and
compliance results in dashboards
E. provide the ability to collaborate during close and
analyse transaction - correct answer- A.
robust consolidation engine that provides automated
aggregations, intercompany eliminations
and translations without requiring a strong IT footprint
D. a configurable reporting solution with prebuild
dimensions, KPIs, reports along with a process to
adjust data, monitor the close status and view data and
compliance results in dashboards
,A company has two subsidiaries with 1000 EURO each in
the Cash account.
Which four Consolidation Members will reflect 2000
EURO at the company's balance? (Choose four.)
A. FCCS_Elimination
B. FCCS_Proportion
C. FCCS_Entity Input
D. FCCS_Entity Consolidation
E. FCCS_Entity Total
F. FCCS_Contribution - correct answer- B.
FCCS_Proportion
D. FCCS_Entity Consolidation
, E. FCCS_Entity Total
F. FCCS_Contribution
A company is based in the United Kingdom and has an
application currency set to GBP. The
company collects data from a United States based
subsidiary. The subsidiary's functional currency is
USD.
Which two items facilitate the reporting of the
subsidiary's Common Stock balance at an historical
rate in the GBP reporting currency? (Choose two.)
A. Common Stock must have an Exchange Rate Type set to
Historical Rate Override.
B. The subsidiary must have a balance not equal to zero in
Common Stock.
