FCCS Cert Exam Questions And Answers

FCCS Cert Exam Questions And Answers Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination? - ANSWER- 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? - 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? - ANSWERAccount 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 onehour 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 Application In Data Management, what is the purpose of Source Mapping? - ANSWER- managing source periods in relation to global periods Which two statements are correct with regard to Data Management locations? - ANSWER- 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? - ANSWERApplication 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? - ANSWERThe script will work if the script is referenced in the In mapping type with #SQL as the target. For data load rules in Data Management, which two statements are FALSE? - ANSWER- Valid load types are Merge and Replace. A job must first run to import the data file before the user can run the data load rule. When defining a batch in Data Management, which statement is True? - ANSWERBatches can execute data loads for multiple locations. Which method will run a batch in Data Management? - ANSWER- Schedule a batch to run on a daily basis. When can the Intercompany Dimension be enabled and made visible within your application? - ANSWER- during application creation and selecting the Intercompany Data feature option When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made? - ANSWER- 12-month and 13-month When can the Multi-GAAP dimension can be enabled? - ANSWER- During application creation by selecting the Multi-GAAP feature Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application? - ANSWER- 3-3-3-4