FCCS Certification Questions with Correct
Answers
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)
Which three fields must be defined when registering a file-based source system in Data
Management?
, Name
Description
Drill URL
For which three levels can Profiles be set in Data Management?
User
System
Application
In Data Management, what is the purpose of Source Mapping?
managing source periods in relation to global periods
Which two statements are correct with regard to Data Management locations?
Locations must specify an import format, which may be used by other locations.
Locations can share dimension member mappings by specifying a location as a parent
location of others.
Which statement is true regarding Data Management categories?
Application mapping is not required if the global mapping target category is exactly correct.
When creating a member mapping for account Sales in Data Management, the
following script is entered. UD5 refers to a Product custom dimension: WHEN UD5
LIKE `CAR_%` THEN `AUTO_SALES`ELSE `SALES` Which statement is True?
Answers
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)
Which three fields must be defined when registering a file-based source system in Data
Management?
, Name
Description
Drill URL
For which three levels can Profiles be set in Data Management?
User
System
Application
In Data Management, what is the purpose of Source Mapping?
managing source periods in relation to global periods
Which two statements are correct with regard to Data Management locations?
Locations must specify an import format, which may be used by other locations.
Locations can share dimension member mappings by specifying a location as a parent
location of others.
Which statement is true regarding Data Management categories?
Application mapping is not required if the global mapping target category is exactly correct.
When creating a member mapping for account Sales in Data Management, the
following script is entered. UD5 refers to a Product custom dimension: WHEN UD5
LIKE `CAR_%` THEN `AUTO_SALES`ELSE `SALES` Which statement is True?
