Oracle FCCs Certification Practice
Exam (Latest Update)
Questions and Verified Answers |
100% Correct | Grade A
Question:
You are required to create a form that allows users to input data. Which three
actions are consistent with this?
A. In the member selection for Entity, do not include shared entities, include
only primary instances of entities
B. Select level 0 dimension members for the POV, rows, and columns
C. Set the currency on the form to Parent Currency
D. Grant the data input users WRITE access to the dimension members used
on the form
E. Set the consolidation member on the form to FCCS_Entity Input
Answer:
Select level 0 dimension members for the POV, rows, and columns
Grant the data input users WRITE access to the dimension members used on
the form
Set the consolidation member on the form to FCCS_Entity Input
,Question:
In Financial Close Manager, when would you choose to define tasks in a
Template rather than create a new Schedule each month?
A. when the tasks are repeatable over multiple close cycles
B. when the tasks require consistent definition across close schedules
C. when the tasks are often late in completion and they need to be monitored
more closely
D. when the tasks require multiple levels of approvers
Answer:
when the tasks are repeatable over multiple close cycles
Question:
Financial Consolidation and Close maintains calculation status for which four
dimensions?
A. Data Source
B. Scenario
C. Year
D. Entity
E. Consolidation
F. Period
Answer:
Scenario
,Entity
Consolidation
Period
Question:
For your business process, you need to modify the results calculated by the
Balance the Balance Sheet system rule.
Which is the proper method to modify the results of the default Balance the
Balance Sheet calculation?
A. Click Final Calculations on the Consolidation Process page and add a
Configurable Calculation rule in Calculation Manager
B. Click Configurable Consolidation on the Consolidation Process page and
create a Configurable Consolidation rule-set
C. Edit the numbers using a web form or Smart View after consolidating
D. Create an on-demand rule in Calculation Manager that you run after
consolidation
Answer:
Click Configurable Consolidation on the Consolidation Process page and
create a Configurable Consolidation rule-set
Question:
If the Intercompany Data feature is not enabled when the Financial
Consolidation and Close (FCC) business process is created, which statement
is true?
, A. The FCCS_No Intercompany member of the ICP dimension is used for all
data
B. The ICP dimension is omitted
C. An extra custom dimension is available
D. Data can be stored by intercompany partner but no eliminations will occur
Answer:
The FCCS_No Intercompany member of the ICP dimension is used for all data
Question:
Which four items are active components of the Currency dimension?
A. Entity Currency Adjustments
B. Reporting Currencies
C. Input Currencies
D. Translated Currencies
E. Entity Currency
F. Parent Currency
Answer:
Entity Currency Adjustments
Reporting Currencies
Input Currencies
Parent Currency
Exam (Latest Update)
Questions and Verified Answers |
100% Correct | Grade A
Question:
You are required to create a form that allows users to input data. Which three
actions are consistent with this?
A. In the member selection for Entity, do not include shared entities, include
only primary instances of entities
B. Select level 0 dimension members for the POV, rows, and columns
C. Set the currency on the form to Parent Currency
D. Grant the data input users WRITE access to the dimension members used
on the form
E. Set the consolidation member on the form to FCCS_Entity Input
Answer:
Select level 0 dimension members for the POV, rows, and columns
Grant the data input users WRITE access to the dimension members used on
the form
Set the consolidation member on the form to FCCS_Entity Input
,Question:
In Financial Close Manager, when would you choose to define tasks in a
Template rather than create a new Schedule each month?
A. when the tasks are repeatable over multiple close cycles
B. when the tasks require consistent definition across close schedules
C. when the tasks are often late in completion and they need to be monitored
more closely
D. when the tasks require multiple levels of approvers
Answer:
when the tasks are repeatable over multiple close cycles
Question:
Financial Consolidation and Close maintains calculation status for which four
dimensions?
A. Data Source
B. Scenario
C. Year
D. Entity
E. Consolidation
F. Period
Answer:
Scenario
,Entity
Consolidation
Period
Question:
For your business process, you need to modify the results calculated by the
Balance the Balance Sheet system rule.
Which is the proper method to modify the results of the default Balance the
Balance Sheet calculation?
A. Click Final Calculations on the Consolidation Process page and add a
Configurable Calculation rule in Calculation Manager
B. Click Configurable Consolidation on the Consolidation Process page and
create a Configurable Consolidation rule-set
C. Edit the numbers using a web form or Smart View after consolidating
D. Create an on-demand rule in Calculation Manager that you run after
consolidation
Answer:
Click Configurable Consolidation on the Consolidation Process page and
create a Configurable Consolidation rule-set
Question:
If the Intercompany Data feature is not enabled when the Financial
Consolidation and Close (FCC) business process is created, which statement
is true?
, A. The FCCS_No Intercompany member of the ICP dimension is used for all
data
B. The ICP dimension is omitted
C. An extra custom dimension is available
D. Data can be stored by intercompany partner but no eliminations will occur
Answer:
The FCCS_No Intercompany member of the ICP dimension is used for all data
Question:
Which four items are active components of the Currency dimension?
A. Entity Currency Adjustments
B. Reporting Currencies
C. Input Currencies
D. Translated Currencies
E. Entity Currency
F. Parent Currency
Answer:
Entity Currency Adjustments
Reporting Currencies
Input Currencies
Parent Currency
