FCCS Exam Questions with correct answers
Company 123 is a public company that reports in US Dollars. Company
123 owns Company XYZ, a European company that consolidates in
Euro. One of the Company XYZ's subsidiaries is Company IOU,
headquartered in Switzerland with a functional currency of the Swiss
Franc. Which process produces USD balances for Company IOU?
A. A translation to the USD_Reporting currency member for Company
IOU
B. A translation of Company IOU
C. A consolidation of Company 123
D. A consolidation of Company XYZ
E. A translation of Company XYZ to Parent Currency Correct Answer-
A
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 Correct Answer-A
,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 Correct Answer-D
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 or member level
E. Security can be disabled for any dimension. Correct Answer-B
Which two fields must be defined when registering a file-based source
system in Data Management? (Choose two)
A. Source Type
B. Drill URL
C. Cloud Type
D. Description
,E. Name Correct Answer-A, E
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. Correct Answer-D
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 Correct Answer-A, B, C
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 Correct Answer-D
Which dimension includes the FCCS_Global Assumption member that
is used to store currency information?
A. Account
B. From Currency
C. Entity
D. Currency Correct Answer-C
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.
Company 123 is a public company that reports in US Dollars. Company
123 owns Company XYZ, a European company that consolidates in
Euro. One of the Company XYZ's subsidiaries is Company IOU,
headquartered in Switzerland with a functional currency of the Swiss
Franc. Which process produces USD balances for Company IOU?
A. A translation to the USD_Reporting currency member for Company
IOU
B. A translation of Company IOU
C. A consolidation of Company 123
D. A consolidation of Company XYZ
E. A translation of Company XYZ to Parent Currency Correct Answer-
A
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 Correct Answer-A
,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 Correct Answer-D
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 or member level
E. Security can be disabled for any dimension. Correct Answer-B
Which two fields must be defined when registering a file-based source
system in Data Management? (Choose two)
A. Source Type
B. Drill URL
C. Cloud Type
D. Description
,E. Name Correct Answer-A, E
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. Correct Answer-D
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 Correct Answer-A, B, C
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 Correct Answer-D
Which dimension includes the FCCS_Global Assumption member that
is used to store currency information?
A. Account
B. From Currency
C. Entity
D. Currency Correct Answer-C
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.
