FCCS PRACTICE EXAMINATION 2026
QUESTIONS WITH ANSWERS
GUARANTEED TO PASS.
■ 5. Which statement correctly describes the Consolidation dimension?
A. The dimension contains members to store non-controlling interest
and joint venture data.
B. The dimension uses a separate member to store data from an entity's
descendants.
C. The dimension allows users to see input versus journal adjustment
data.
D. The dimension aggregates input, consolidated, and elimination data
together. Answer- D. The dimension aggregates input, consolidated, and
elimination data together.
■ 6. Which statement is true regarding Data Management categories?
A. Categories are defined on the Global Mapping tab and then the
frequency is specified on the Application Mapping tab
B. Categories must begin with FCCS_ to match their Financial
Consolidation and Close counterparts.
,C. Application mapping is not required if the global mapping target
category is exactly correct.
D. The category's time frequency allows data to be loaded to daily,
weekly, and monthly scenarios. Answer- C. Application mapping is not
required if the global mapping target category is exactly correct.
■ 7. 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 transac.
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
■ 8. How is drill-back enabled to Supplemental Data Manager (SDM)
from the Supplemental Data member within the Multi-source
dimension?
A. Drill-back to SDM is not an available feature.
B. Drill-back is available from any Multi-source dimension member by
default, know the source of the origination data load.
C. By selecting Track Multi-source Data Input option for Supplemental
Data during the application creation process.
D. By selecting Track Multi-source Data Input option for Other Data
during the application creation process. Answer- B. Drill-back is
available from any Multi-source dimension member by default, know
the source of the origination data load.
■ 9. When you set the Intercompany Account Attribute Value to Yes,
which additional attribute must also be set?
A. Plug Account
B. Intercompany Account
C. Is Plug Account
D. Intercompany Entity. Answer- A. Plug Account
, ■ 10. 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. Answer- B. FCCS_Proportion
D. FCCS_Entity Consolidation
E. FCCS_Entity Total
F. FCCS_Contribution
■ 11. 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.
QUESTIONS WITH ANSWERS
GUARANTEED TO PASS.
■ 5. Which statement correctly describes the Consolidation dimension?
A. The dimension contains members to store non-controlling interest
and joint venture data.
B. The dimension uses a separate member to store data from an entity's
descendants.
C. The dimension allows users to see input versus journal adjustment
data.
D. The dimension aggregates input, consolidated, and elimination data
together. Answer- D. The dimension aggregates input, consolidated, and
elimination data together.
■ 6. Which statement is true regarding Data Management categories?
A. Categories are defined on the Global Mapping tab and then the
frequency is specified on the Application Mapping tab
B. Categories must begin with FCCS_ to match their Financial
Consolidation and Close counterparts.
,C. Application mapping is not required if the global mapping target
category is exactly correct.
D. The category's time frequency allows data to be loaded to daily,
weekly, and monthly scenarios. Answer- C. Application mapping is not
required if the global mapping target category is exactly correct.
■ 7. 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 transac.
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
■ 8. How is drill-back enabled to Supplemental Data Manager (SDM)
from the Supplemental Data member within the Multi-source
dimension?
A. Drill-back to SDM is not an available feature.
B. Drill-back is available from any Multi-source dimension member by
default, know the source of the origination data load.
C. By selecting Track Multi-source Data Input option for Supplemental
Data during the application creation process.
D. By selecting Track Multi-source Data Input option for Other Data
during the application creation process. Answer- B. Drill-back is
available from any Multi-source dimension member by default, know
the source of the origination data load.
■ 9. When you set the Intercompany Account Attribute Value to Yes,
which additional attribute must also be set?
A. Plug Account
B. Intercompany Account
C. Is Plug Account
D. Intercompany Entity. Answer- A. Plug Account
, ■ 10. 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. Answer- B. FCCS_Proportion
D. FCCS_Entity Consolidation
E. FCCS_Entity Total
F. FCCS_Contribution
■ 11. 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.
