FCCS Examination TEST Questions and
Answers Verified Solutions Latest
Update
Question:
Which statement is correct regarding intercompany eliminations? A. Intercompany
eliminations are generally required to remove the effect of transactions within the
company B. Intercompany eliminations are required for sustainability reporting to show
the company's waste output. C. Intercompany eliminations are optional in FCCS and
use one of the custom dimensions when enabled. D. Intercompany eliminations are
needed when a company divests itself of a division
Answer:
A. Intercompany eliminations are generally required to remove the effect of
transactions within the company
Question:
What member of the Currency dimension is associated with the Entity Input member of
the Consolidation dimension? A. Base Currency B. Parent Currency C. Local Currency D.
Entity Currency
Answer:
D. Entity Currency
Question:
Which statement is false regarding establishing security for Financial Consolidation and
Close (FCCS)? A. All members are accessible for dimensions with no security applied. B.
The Identity Domain Administrator inherits full access privileges. C. Security is
mandatory for one dimension. D. Security can be assigned at a parent level. E. Security
can be disabled for any dimension.
Answer:
A. All members are accessible for dimensions with no security applied.
,Question:
Which three fields must be defined when registering a file-based source system in Data
Management? (Choose three.) A. Source Type B. Drill URL C. Cloud Type D. Description
E. Name
Answer:
A. Source Type B. Drill URL E. Name
Question:
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. C. An extra custom
dimension will be available. D. The ICP dimension will be omitted.
Answer:
D. The ICP dimension will be omitted.
Question:
For which three tasks can Data Management be used? (Choose three.) A. loading data
that is period-to-date or year-to-date B. drilling through from a web form or Smart View
C. loading data from a fixed width or delimited text file D. writing back data to source
systems E. loading a Metadata Import File
Answer:
A. loading data that is period-to-date or year-to-date B. drilling through from a web
form or Smart View C. loading data from a fixed width or delimited text file
Question:
You are required to define a form that displays all form data for only specific View
dimension member and not allow users to change this. Where on the form do you
define the View dimension and select the correct member? A. a column B. Other
Options section C. the Page Axis D. the Point of View
Answer:
D. the Point of View
,Question:
Which dimension includes the FCCS_Global Assumption member that is used to store
currency information? A. Account B. From Currency C. Entity D. Currency
Answer:
C. Entity
Question:
Which two statements are correct with regard to Data Management locations? (Choose
two.) A. A company with three instances of Oracle EBS R12 should only use one
location to maintain proper accounting controls. B. Location security allows users to be
provisioned in Shared Services for read or modify access to each location. C. Locations
can share dimension member mappings by specifying a location as a parent location of
others. D. The logic account group is required in order to effect running of calculations
after the data load. E. Locations must specify an import format, which may be used by
other locations. F. Data load rules can be shared across locations.
Answer:
C. Locations can share dimension member mappings by specifying a location as a
parent location of others. E. Locations must specify an import format, which may be
used by other locations.
Question:
Which three key requirements does the Financial Consolidation and Close Cloud
Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose
three.) A. Ensure security of sensitive data B. Integrate with source systems. C. Provide
predictive analysis and modeling D. Provide a strong compliance framework that
includes auditing and segregation of duties.
Answer:
A. Ensure security of sensitive data B. Integrate with source systems. D. Provide a
strong compliance framework that includes auditing and segregation of duties.
Question:
When designing a report in Financial Reporting Studio, which two items are NOT an
insert-able report object? A. Chart B. Grid C. Image D. Header E. Footer
Answer:
D. Header E. Footer
, Question:
Which four statements are true about the members in the FCCS_Cash Flow hierarchy in
the Movement dimension? (Choose four.) A. The Cash Change hierarchy cannot be
modified. B. All primary Movement members under the FCCS_Mvmts_Subtotal member
must be included in the FCCS_CashFlow hierarchy. C. The seeded member
FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a
Subtraction operator. D. Input level members under the FCCS_Mvmts_Subtotal are
Shared members in the FCCS_CashFlow hierarchy. E. Standard cash accounts are
members of the FCCS_CashFlow_Operating hierarchy. F. Siblings can be added to the
FCCS_CashFlow_Investing member.
Answer:
C. The seeded member FCCS_Mvmts_AccountsPayable found within the
FCCS_CashFlow hierarchy has a Subtraction operator. D. Input level members under
the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy. E.
Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy. F.
Siblings can be added to the FCCS_CashFlow_Investing member.
Question:
What is the primary function of enabling the Track Intercompany Elimination option
during the application creation? A. enables the Elimination member in the
Consolidation dimension B. process will separate total elimination values by Data
Source. C. enables the application to include Intercompany data. D. enables the
application to perform Intercompany eliminations
Answer:
B. process will separate total elimination values by Data Source.
Question:
Which three combinations of dimensions could be valid for a Financial Consolidation
and Close (FCCS) application? (Choose three.) A. Period, Year, Entity B. From Currency,
Movement, Scenario C. Multi-GAAP, Data Type, Intra-company D. Value, Entity, Account
E. Data source, Consolidation, View
Answer:
A. Period, Year, Entity B. From Currency, Movement, Scenario E. Data source,
Consolidation, View
Answers Verified Solutions Latest
Update
Question:
Which statement is correct regarding intercompany eliminations? A. Intercompany
eliminations are generally required to remove the effect of transactions within the
company B. Intercompany eliminations are required for sustainability reporting to show
the company's waste output. C. Intercompany eliminations are optional in FCCS and
use one of the custom dimensions when enabled. D. Intercompany eliminations are
needed when a company divests itself of a division
Answer:
A. Intercompany eliminations are generally required to remove the effect of
transactions within the company
Question:
What member of the Currency dimension is associated with the Entity Input member of
the Consolidation dimension? A. Base Currency B. Parent Currency C. Local Currency D.
Entity Currency
Answer:
D. Entity Currency
Question:
Which statement is false regarding establishing security for Financial Consolidation and
Close (FCCS)? A. All members are accessible for dimensions with no security applied. B.
The Identity Domain Administrator inherits full access privileges. C. Security is
mandatory for one dimension. D. Security can be assigned at a parent level. E. Security
can be disabled for any dimension.
Answer:
A. All members are accessible for dimensions with no security applied.
,Question:
Which three fields must be defined when registering a file-based source system in Data
Management? (Choose three.) A. Source Type B. Drill URL C. Cloud Type D. Description
E. Name
Answer:
A. Source Type B. Drill URL E. Name
Question:
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. C. An extra custom
dimension will be available. D. The ICP dimension will be omitted.
Answer:
D. The ICP dimension will be omitted.
Question:
For which three tasks can Data Management be used? (Choose three.) A. loading data
that is period-to-date or year-to-date B. drilling through from a web form or Smart View
C. loading data from a fixed width or delimited text file D. writing back data to source
systems E. loading a Metadata Import File
Answer:
A. loading data that is period-to-date or year-to-date B. drilling through from a web
form or Smart View C. loading data from a fixed width or delimited text file
Question:
You are required to define a form that displays all form data for only specific View
dimension member and not allow users to change this. Where on the form do you
define the View dimension and select the correct member? A. a column B. Other
Options section C. the Page Axis D. the Point of View
Answer:
D. the Point of View
,Question:
Which dimension includes the FCCS_Global Assumption member that is used to store
currency information? A. Account B. From Currency C. Entity D. Currency
Answer:
C. Entity
Question:
Which two statements are correct with regard to Data Management locations? (Choose
two.) A. A company with three instances of Oracle EBS R12 should only use one
location to maintain proper accounting controls. B. Location security allows users to be
provisioned in Shared Services for read or modify access to each location. C. Locations
can share dimension member mappings by specifying a location as a parent location of
others. D. The logic account group is required in order to effect running of calculations
after the data load. E. Locations must specify an import format, which may be used by
other locations. F. Data load rules can be shared across locations.
Answer:
C. Locations can share dimension member mappings by specifying a location as a
parent location of others. E. Locations must specify an import format, which may be
used by other locations.
Question:
Which three key requirements does the Financial Consolidation and Close Cloud
Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose
three.) A. Ensure security of sensitive data B. Integrate with source systems. C. Provide
predictive analysis and modeling D. Provide a strong compliance framework that
includes auditing and segregation of duties.
Answer:
A. Ensure security of sensitive data B. Integrate with source systems. D. Provide a
strong compliance framework that includes auditing and segregation of duties.
Question:
When designing a report in Financial Reporting Studio, which two items are NOT an
insert-able report object? A. Chart B. Grid C. Image D. Header E. Footer
Answer:
D. Header E. Footer
, Question:
Which four statements are true about the members in the FCCS_Cash Flow hierarchy in
the Movement dimension? (Choose four.) A. The Cash Change hierarchy cannot be
modified. B. All primary Movement members under the FCCS_Mvmts_Subtotal member
must be included in the FCCS_CashFlow hierarchy. C. The seeded member
FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a
Subtraction operator. D. Input level members under the FCCS_Mvmts_Subtotal are
Shared members in the FCCS_CashFlow hierarchy. E. Standard cash accounts are
members of the FCCS_CashFlow_Operating hierarchy. F. Siblings can be added to the
FCCS_CashFlow_Investing member.
Answer:
C. The seeded member FCCS_Mvmts_AccountsPayable found within the
FCCS_CashFlow hierarchy has a Subtraction operator. D. Input level members under
the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy. E.
Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy. F.
Siblings can be added to the FCCS_CashFlow_Investing member.
Question:
What is the primary function of enabling the Track Intercompany Elimination option
during the application creation? A. enables the Elimination member in the
Consolidation dimension B. process will separate total elimination values by Data
Source. C. enables the application to include Intercompany data. D. enables the
application to perform Intercompany eliminations
Answer:
B. process will separate total elimination values by Data Source.
Question:
Which three combinations of dimensions could be valid for a Financial Consolidation
and Close (FCCS) application? (Choose three.) A. Period, Year, Entity B. From Currency,
Movement, Scenario C. Multi-GAAP, Data Type, Intra-company D. Value, Entity, Account
E. Data source, Consolidation, View
Answer:
A. Period, Year, Entity B. From Currency, Movement, Scenario E. Data source,
Consolidation, View
