FCCS ACTUAL EXAM PAPER 2026
COMPLETE QUESTIONS AND CORRECT
ANSWERS GRADED A+
⩥ Which three key requirements does the Financial Consolidation and
Close Cloud Service (FCCS) deliver to ensure a modern consolidation
and close solution?
Answer: 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?
Answer: 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?
Answer: 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?
Answer: Account Reconciliation Management
⩥ Which components are pre-built into Financial Consolidation and
Close Cloud Service to provide a configurable and scalable
consolidation solution?
Answer: 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?
Answer: 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?
, Answer: 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?
Answer: 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?
Answer: Load journal data to Financial Consolidation and Close (FCCS)
⩥ Which three fields must be defined when registering a file-based
source system in Data Management?
Answer: Name
Description
Drill URL
⩥ For which three levels can Profiles be set in Data Management?
Answer: User
System
COMPLETE QUESTIONS AND CORRECT
ANSWERS GRADED A+
⩥ Which three key requirements does the Financial Consolidation and
Close Cloud Service (FCCS) deliver to ensure a modern consolidation
and close solution?
Answer: 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?
Answer: 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?
Answer: 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?
Answer: Account Reconciliation Management
⩥ Which components are pre-built into Financial Consolidation and
Close Cloud Service to provide a configurable and scalable
consolidation solution?
Answer: 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?
Answer: 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?
, Answer: 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?
Answer: 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?
Answer: Load journal data to Financial Consolidation and Close (FCCS)
⩥ Which three fields must be defined when registering a file-based
source system in Data Management?
Answer: Name
Description
Drill URL
⩥ For which three levels can Profiles be set in Data Management?
Answer: User
System
