FCCS Exam questions with complete
solutions 2024
In jFinancial jClose jManager, jwhen jwould jyou jchoose jto jdefine jtasks jin ja
jTemplate jrather jthan
create ja jnew jSchedule jeach jmonth?
A. jwhen jthe jtasks jare jrepeatable jover jmultiple jclose jcycles
B. jwhen jthe jtasks jrequire jconsistent jdefinition jacross jclose jschedules
C. jwhen jthe jtasks jare joften jlate jin jcompletion jand jthey jneed jto jbe jmonitored
jmore jclosely
D. jwhen jthe jtasks jrequire jmultiple jlevels jof japprovers j- jANS✓✓-A. jwhen jthe
jtasks jare jrepeatable jover jmultiple jclose jcycles
Which jrole jcan jthe j"Approvals jSupervisor" jperform?
A)They jcan jstart jand jstop ja jplanning junit
B)They jcan jstart jand jstop ja jplanning junit jand jtake jany jaction jon ja jplanning
junit
C)They jcan jstart jbut jnot jstop ja jplanning junit
D)They jcannot jstop jor jstart ja jplanning junit jbut jcan jonly jgive japproval j-
jANS✓✓-B) jThey jcan jstart jand jstop ja jplanning junit jand jtake jany jaction jon ja
jplanning junit
Which jtwo jdata jextract jexport jfile jtypes jare javailable jwithin jFinancial
jConsolidation jand jClose
(FCCS)? j(Choose jtwo.)
A. jDAT jfile jtype
B. jExcel jXLS jfile jtype
C. jComma jdelimited
,D. jTab jdelimited j- jANS✓✓-C. jComma jdelimited
D. jTab jdelimited
When jcreating ja jmember jmapping jfor jaccount jSales jin jData jManagement, jthe
jfollowing jscript
is jentered.
UD5 jrefers jto ja jProduct jcustom jdimension:
WHEN jUD5 jLIKE j'CAR_%' jTHEN j'AUTO_SALES'
ELSE j'SALES'
Which jstatement jis jTrue?
A. jThe jscript jcan jbe jeliminated jby jusing ja jmulti-dim jmap jon jthe jProduct
jdimension jthat jalso jlooks
for jthe jaccount jSales.
B. jThe jscript jwill jwork jif jthe jscript jis jreferenced jin jthe jIn jmapping jtype jwith
j#SQL jas jthe jtarget.
C. jThe jscript jwill jnot jwork jsince jData jManagement jdoes jnot jsupport jscripting.
D. jThe jscript jwill jnot jwork jsince jthe jUD5 jmember jreferenced jdoes jnot jstart
jwith jFCCS_
E. jThe jscript jwill jwork jif jthe jscript jis jreferenced jin jthe jExplicit jmapping jtype
jwith j#SQL jas jthe jtarget. j- jANS✓✓-B. jThe jscript jwill jwork jif jthe jscript jis
jreferenced jin jthe jIn jmapping jtype jwith j#SQL jas jthe jtarget.
P, jQ, jand jR jare jchildren jof ja jmid-level jparent jentity, jAceCo. jIn jFebruary jeach
jentity jhas jcash jin
the jamounts jof j10, j20, jand j30, jrespectively, jand jAceCo jhas jbeen jconsolidated
jand jhas jcash jof j60. jA
prior jperiod jadjustment jto jQ jadjusts jcash jwith ja jdebit jof j5.
Which jstatement jregarding jconsolidation jis jcorrect?
A. jThere jis jno jway jto jdo ja jprior jperiod jentry jlike jthis.
B. jJanuary jand jFebruary jshould jbe jconsolidated.
C. jFebruary jshould jbe jconsolidated, jafter jwhich jthe jcash jat jAceCo jis jnow j65.
D. jJanuary jshould jbe jconsolidated jfor jthe jchange jand jnothing jneeds jto
jhappen jfor jFebruary. j- jANS✓✓-B. jJanuary jand jFebruary jshould jbe
jconsolidated.
Which jstatement jcorrectly jdescribes jthe jConsolidation jdimension?
,A. jThe jdimension jcontains jmembers jto jstore jnon-controlling jinterest jand jjoint
jventure jdata.
B. jThe jdimension juses ja jseparate jmember jto jstore jdata jfrom jan jentity's
jdescendants.
C. jThe jdimension jallows jusers jto jsee jinput jversus jjournal jadjustment jdata.
D. jThe jdimension jaggregates jinput, jconsolidated, jand jelimination jdata
jtogether. j- jANS✓✓-B. jThe jdimension juses ja jseparate jmember jto jstore jdata
jfrom jan jentity's jdescendants.
Why jshould jyears jbe jconsolidated jsequentially; ji.e., jfirst j2018, jthen j2019, jthen
j2020?
A)Each jperiod jin jthe jyear jmust jconsolidate jseparately
B)Parent jaccount jcalculations jdepend jon jthe jsequencing
C)There jis jno jreason jto jconsolidate jthe jyears jsequentially
D)Rollforward jcalculations jare jpopulated jwith jcorrect jresults j- jANS✓✓-
D)Rollforward jcalculations jare jpopulated jwith jcorrect jresults
Which jstatement jis jtrue jregarding jData jManagement jcategories?
A. jCategories jare jdefined jon jthe jGlobal jMapping jtab jand jthen jthe jfrequency jis
jspecified jon jthe
Application jMapping jtab
B. jCategories jmust jbegin jwith jFCCS_ jto jmatch jtheir jFinancial jConsolidation
jand jClose jcounterparts.
C. jApplication jmapping jis jnot jrequired jif jthe jglobal jmapping jtarget jcategory jis
jexactly jcorrect.
D. jThe jcategory's jtime jfrequency jallows jdata jto jbe jloaded jto jdaily, jweekly, jand
jmonthly jscenarios. j- jANS✓✓-C. jApplication jmapping jis jnot jrequired jif jthe
jglobal jmapping jtarget jcategory jis jexactly jcorrect.
A jclient jcompany jhas jexpanded jquickly jin jthe jpast jyear jand jhas jrecognized
jthe jneed jto jmove jtheir
financial jteam joff jspreadsheets jand jto ja jmore jverifiable jand jautomated
jsolution.
, Which jtwo jrequirements jfrom jthis jteam jwould jOracle's jFinancial jConsolidation
jand jClose jCloud
Service jsatisfy? j(Choose jtwo.)
A. jrobust jconsolidation jengine jthat jprovides jautomated jaggregations,
jintercompany jeliminations
and jtranslations jwithout jrequiring ja jstrong jIT jfootprint
B. jdashboard jreporting jwith jdaily jrevenue jcomparisons jand jKPI's jthat jmeasure
jcost jcontrols
C. jleverage jcompliance jefforts jto jfix jprocess jissues jacross jall jbusinesses jand
jprovide joversight jfor
risk jawareness
D. ja jconfigurable jreporting jsolution jwith jprebuild jdimensions, jKPIs, jreports
jalong jwith ja jprocess jto
adjust jdata, jmonitor jthe jclose jstatus jand jview jdata jand jcompliance jresults jin
jdashboards
E. jprovide jthe jability jto jcollaborate jduring jclose jand janalyse jtransaction j-
jANS✓✓-A. jrobust jconsolidation jengine jthat jprovides jautomated jaggregations,
jintercompany jeliminations
and jtranslations jwithout jrequiring ja jstrong jIT jfootprint
D. ja jconfigurable jreporting jsolution jwith jprebuild jdimensions, jKPIs, jreports
jalong jwith ja jprocess jto
adjust jdata, jmonitor jthe jclose jstatus jand jview jdata jand jcompliance jresults jin
jdashboards
Which jtwo jprebuilt jcalculations jrun jon jthe jMovement jdimension jto jdetermine
jCTA jby jaccount?
A)Prior jAverage jRate jminus jCurrent jAverage jRate jmultiplied jby
jFCCS_Mvmts_Subtotal
B)Prior jEnding jRate jminus jCurrent jEnding jRate jdivided jby
jFCCS_Mvmts_Subtotal
C)FCCS_OpeningBalance jmultiplied jby jEnding jRate jminus
jFCCS_OpeningBalance jcarry jforward
D)FCCS_Mvmts_Subtotal jmultiplied jby jEnding jRate jminus
jFCCS_Mvmts_Subtotal jmultiplied jbyAverage jRate j- jANS✓✓-C)
jFCCS_OpeningBalance jmultiplied jby jEnding jRate jminus
jFCCS_OpeningBalance jcarry jforward
solutions 2024
In jFinancial jClose jManager, jwhen jwould jyou jchoose jto jdefine jtasks jin ja
jTemplate jrather jthan
create ja jnew jSchedule jeach jmonth?
A. jwhen jthe jtasks jare jrepeatable jover jmultiple jclose jcycles
B. jwhen jthe jtasks jrequire jconsistent jdefinition jacross jclose jschedules
C. jwhen jthe jtasks jare joften jlate jin jcompletion jand jthey jneed jto jbe jmonitored
jmore jclosely
D. jwhen jthe jtasks jrequire jmultiple jlevels jof japprovers j- jANS✓✓-A. jwhen jthe
jtasks jare jrepeatable jover jmultiple jclose jcycles
Which jrole jcan jthe j"Approvals jSupervisor" jperform?
A)They jcan jstart jand jstop ja jplanning junit
B)They jcan jstart jand jstop ja jplanning junit jand jtake jany jaction jon ja jplanning
junit
C)They jcan jstart jbut jnot jstop ja jplanning junit
D)They jcannot jstop jor jstart ja jplanning junit jbut jcan jonly jgive japproval j-
jANS✓✓-B) jThey jcan jstart jand jstop ja jplanning junit jand jtake jany jaction jon ja
jplanning junit
Which jtwo jdata jextract jexport jfile jtypes jare javailable jwithin jFinancial
jConsolidation jand jClose
(FCCS)? j(Choose jtwo.)
A. jDAT jfile jtype
B. jExcel jXLS jfile jtype
C. jComma jdelimited
,D. jTab jdelimited j- jANS✓✓-C. jComma jdelimited
D. jTab jdelimited
When jcreating ja jmember jmapping jfor jaccount jSales jin jData jManagement, jthe
jfollowing jscript
is jentered.
UD5 jrefers jto ja jProduct jcustom jdimension:
WHEN jUD5 jLIKE j'CAR_%' jTHEN j'AUTO_SALES'
ELSE j'SALES'
Which jstatement jis jTrue?
A. jThe jscript jcan jbe jeliminated jby jusing ja jmulti-dim jmap jon jthe jProduct
jdimension jthat jalso jlooks
for jthe jaccount jSales.
B. jThe jscript jwill jwork jif jthe jscript jis jreferenced jin jthe jIn jmapping jtype jwith
j#SQL jas jthe jtarget.
C. jThe jscript jwill jnot jwork jsince jData jManagement jdoes jnot jsupport jscripting.
D. jThe jscript jwill jnot jwork jsince jthe jUD5 jmember jreferenced jdoes jnot jstart
jwith jFCCS_
E. jThe jscript jwill jwork jif jthe jscript jis jreferenced jin jthe jExplicit jmapping jtype
jwith j#SQL jas jthe jtarget. j- jANS✓✓-B. jThe jscript jwill jwork jif jthe jscript jis
jreferenced jin jthe jIn jmapping jtype jwith j#SQL jas jthe jtarget.
P, jQ, jand jR jare jchildren jof ja jmid-level jparent jentity, jAceCo. jIn jFebruary jeach
jentity jhas jcash jin
the jamounts jof j10, j20, jand j30, jrespectively, jand jAceCo jhas jbeen jconsolidated
jand jhas jcash jof j60. jA
prior jperiod jadjustment jto jQ jadjusts jcash jwith ja jdebit jof j5.
Which jstatement jregarding jconsolidation jis jcorrect?
A. jThere jis jno jway jto jdo ja jprior jperiod jentry jlike jthis.
B. jJanuary jand jFebruary jshould jbe jconsolidated.
C. jFebruary jshould jbe jconsolidated, jafter jwhich jthe jcash jat jAceCo jis jnow j65.
D. jJanuary jshould jbe jconsolidated jfor jthe jchange jand jnothing jneeds jto
jhappen jfor jFebruary. j- jANS✓✓-B. jJanuary jand jFebruary jshould jbe
jconsolidated.
Which jstatement jcorrectly jdescribes jthe jConsolidation jdimension?
,A. jThe jdimension jcontains jmembers jto jstore jnon-controlling jinterest jand jjoint
jventure jdata.
B. jThe jdimension juses ja jseparate jmember jto jstore jdata jfrom jan jentity's
jdescendants.
C. jThe jdimension jallows jusers jto jsee jinput jversus jjournal jadjustment jdata.
D. jThe jdimension jaggregates jinput, jconsolidated, jand jelimination jdata
jtogether. j- jANS✓✓-B. jThe jdimension juses ja jseparate jmember jto jstore jdata
jfrom jan jentity's jdescendants.
Why jshould jyears jbe jconsolidated jsequentially; ji.e., jfirst j2018, jthen j2019, jthen
j2020?
A)Each jperiod jin jthe jyear jmust jconsolidate jseparately
B)Parent jaccount jcalculations jdepend jon jthe jsequencing
C)There jis jno jreason jto jconsolidate jthe jyears jsequentially
D)Rollforward jcalculations jare jpopulated jwith jcorrect jresults j- jANS✓✓-
D)Rollforward jcalculations jare jpopulated jwith jcorrect jresults
Which jstatement jis jtrue jregarding jData jManagement jcategories?
A. jCategories jare jdefined jon jthe jGlobal jMapping jtab jand jthen jthe jfrequency jis
jspecified jon jthe
Application jMapping jtab
B. jCategories jmust jbegin jwith jFCCS_ jto jmatch jtheir jFinancial jConsolidation
jand jClose jcounterparts.
C. jApplication jmapping jis jnot jrequired jif jthe jglobal jmapping jtarget jcategory jis
jexactly jcorrect.
D. jThe jcategory's jtime jfrequency jallows jdata jto jbe jloaded jto jdaily, jweekly, jand
jmonthly jscenarios. j- jANS✓✓-C. jApplication jmapping jis jnot jrequired jif jthe
jglobal jmapping jtarget jcategory jis jexactly jcorrect.
A jclient jcompany jhas jexpanded jquickly jin jthe jpast jyear jand jhas jrecognized
jthe jneed jto jmove jtheir
financial jteam joff jspreadsheets jand jto ja jmore jverifiable jand jautomated
jsolution.
, Which jtwo jrequirements jfrom jthis jteam jwould jOracle's jFinancial jConsolidation
jand jClose jCloud
Service jsatisfy? j(Choose jtwo.)
A. jrobust jconsolidation jengine jthat jprovides jautomated jaggregations,
jintercompany jeliminations
and jtranslations jwithout jrequiring ja jstrong jIT jfootprint
B. jdashboard jreporting jwith jdaily jrevenue jcomparisons jand jKPI's jthat jmeasure
jcost jcontrols
C. jleverage jcompliance jefforts jto jfix jprocess jissues jacross jall jbusinesses jand
jprovide joversight jfor
risk jawareness
D. ja jconfigurable jreporting jsolution jwith jprebuild jdimensions, jKPIs, jreports
jalong jwith ja jprocess jto
adjust jdata, jmonitor jthe jclose jstatus jand jview jdata jand jcompliance jresults jin
jdashboards
E. jprovide jthe jability jto jcollaborate jduring jclose jand janalyse jtransaction j-
jANS✓✓-A. jrobust jconsolidation jengine jthat jprovides jautomated jaggregations,
jintercompany jeliminations
and jtranslations jwithout jrequiring ja jstrong jIT jfootprint
D. ja jconfigurable jreporting jsolution jwith jprebuild jdimensions, jKPIs, jreports
jalong jwith ja jprocess jto
adjust jdata, jmonitor jthe jclose jstatus jand jview jdata jand jcompliance jresults jin
jdashboards
Which jtwo jprebuilt jcalculations jrun jon jthe jMovement jdimension jto jdetermine
jCTA jby jaccount?
A)Prior jAverage jRate jminus jCurrent jAverage jRate jmultiplied jby
jFCCS_Mvmts_Subtotal
B)Prior jEnding jRate jminus jCurrent jEnding jRate jdivided jby
jFCCS_Mvmts_Subtotal
C)FCCS_OpeningBalance jmultiplied jby jEnding jRate jminus
jFCCS_OpeningBalance jcarry jforward
D)FCCS_Mvmts_Subtotal jmultiplied jby jEnding jRate jminus
jFCCS_Mvmts_Subtotal jmultiplied jbyAverage jRate j- jANS✓✓-C)
jFCCS_OpeningBalance jmultiplied jby jEnding jRate jminus
jFCCS_OpeningBalance jcarry jforward
