FCCS EXAM 2024 NEWEST ACTUAL EXAM COMPLETE 200 QUESTION
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /A
READY GRADED A+
Study online at https://quizlet.com/_g5blmv
1. In Financial Close Manager, when would you A. when the tasks are
choose to define tasks in a Template rather than repeatable over multi-
create a new Schedule each month? ple close cycles
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 ap-
provers
2. Which role can the "Approvals Supervisor" per- B) They can start and
form? stop a planning unit
and take any action on
A)They can start and stop a planning unit a planning unit
B)They can start and stop a planning unit and take
any action on a planning unit
C)They can start but not stop a planning unit
D)They cannot stop or start a planning unit but
can only give approval
3. Which two data extract export file types are avail- C. Comma delimited
able within Financial Consolidation and Close
(FCCS)? (Choose two.) D. Tab delimited
A. DAT file type
B. Excel XLS file type
C. Comma delimited
, FCCS EXAM 2024 NEWEST ACTUAL EXAM COMPLETE 200 QUESTION
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /A
READY GRADED A+
Study online at https://quizlet.com/_g5blmv
D. Tab delimited
4. When creating a member mapping for account B. The script will work
Sales in Data Management, the following script if the script is refer-
is entered. enced in the In map-
UD5 refers to a Product custom dimension: ping type with #SQL
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES' as the target.
ELSE 'SALES'
Which statement is True?
A. The script can be eliminated by using a mul-
ti-dim map on the Product dimension that also
looks
for the account Sales.
B. The script will work if the script is referenced in
the In mapping type with #SQL as the target.
C. The script will not work since Data Management
does not support scripting.
D. The script will not work since the UD5 member
referenced does not start with FCCS_
E. The script will work if the script is referenced in
the Explicit mapping type with #SQL as the target.
5. P, Q, and R are children of a mid-level parent B. January and Febru-
entity, AceCo. In February each entity has cash in ary should be consoli-
the amounts of 10, 20, and 30, respectively, and dated.
AceCo has been consolidated and has cash of 60.
A
prior period adjustment to Q adjusts cash with a
debit of 5.
Which statement regarding consolidation is cor-
rect?
, FCCS EXAM 2024 NEWEST ACTUAL EXAM COMPLETE 200 QUESTION
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /A
READY GRADED A+
Study online at https://quizlet.com/_g5blmv
A. There is no way to do a prior period entry like
this.
B. January and February should be consolidated.
C. February should be consolidated, after which
the cash at AceCo is now 65.
D. January should be consolidated for the change
and nothing needs to happen for February.
6. Which statement correctly describes the Consol- B. The dimension uses
idation dimension? a separate member to
store data from an en-
A. The dimension contains members to store tity's descendants.
non-controlling interest and joint venture data.
B. The dimension uses a separate member to
store data from an entity's descendants.
C. The dimension allows users to see input versus
journal adjustment data.
D. The dimension aggregates input, consolidated,
and elimination data together.
7. Why should years be consolidated sequentially; D)Rollforward calcula-
i.e., first 2018, then 2019, then 2020? tions are populated
with correct results
A)Each period in the year must consolidate sepa-
rately
B)Parent account calculations depend on the se-
quencing
C)There is no reason to consolidate the years
sequentially
, FCCS EXAM 2024 NEWEST ACTUAL EXAM COMPLETE 200 QUESTION
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /A
READY GRADED A+
Study online at https://quizlet.com/_g5blmv
D)Rollforward calculations are populated with
correct results
8. Which statement is true regarding Data Manage- C. Application map-
ment categories? ping is not required
if the global mapping
A. Categories are defined on the Global Mapping target category is ex-
tab and then the frequency is specified on the actly correct.
Application Mapping tab
B. Categories must begin with FCCS_ to match
their Financial Consolidation and Close counter-
parts.
C. Application mapping is not required if the glob-
al mapping target category is exactly correct.
D. The category's time frequency allows data to be
loaded to daily, weekly, and monthly scenarios.
9. A client company has expanded quickly in the A. robust consolida-
past year and has recognized the need to move tion engine that pro-
their vides automated ag-
financial team off spreadsheets and to a more gregations, intercom-
verifiable and automated solution. pany eliminations
Which two requirements from this team would and translations with-
Oracle's Financial Consolidation and Close Cloud out requiring a strong
Service satisfy? (Choose two.) IT footprint
A. robust consolidation engine that provides auto-D. a configurable re-
mated aggregations, intercompany eliminations porting solution with
and translations without requiring a strong IT prebuild dimensions,
footprint KPIs, reports along
with a process to
B. dashboard reporting with daily revenue com- adjust data, monitor
parisons and KPI's that measure cost controls the close status and
view data and compli-
C. leverage compliance efforts to fix process is-
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /A
READY GRADED A+
Study online at https://quizlet.com/_g5blmv
1. In Financial Close Manager, when would you A. when the tasks are
choose to define tasks in a Template rather than repeatable over multi-
create a new Schedule each month? ple close cycles
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 ap-
provers
2. Which role can the "Approvals Supervisor" per- B) They can start and
form? stop a planning unit
and take any action on
A)They can start and stop a planning unit a planning unit
B)They can start and stop a planning unit and take
any action on a planning unit
C)They can start but not stop a planning unit
D)They cannot stop or start a planning unit but
can only give approval
3. Which two data extract export file types are avail- C. Comma delimited
able within Financial Consolidation and Close
(FCCS)? (Choose two.) D. Tab delimited
A. DAT file type
B. Excel XLS file type
C. Comma delimited
, FCCS EXAM 2024 NEWEST ACTUAL EXAM COMPLETE 200 QUESTION
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /A
READY GRADED A+
Study online at https://quizlet.com/_g5blmv
D. Tab delimited
4. When creating a member mapping for account B. The script will work
Sales in Data Management, the following script if the script is refer-
is entered. enced in the In map-
UD5 refers to a Product custom dimension: ping type with #SQL
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES' as the target.
ELSE 'SALES'
Which statement is True?
A. The script can be eliminated by using a mul-
ti-dim map on the Product dimension that also
looks
for the account Sales.
B. The script will work if the script is referenced in
the In mapping type with #SQL as the target.
C. The script will not work since Data Management
does not support scripting.
D. The script will not work since the UD5 member
referenced does not start with FCCS_
E. The script will work if the script is referenced in
the Explicit mapping type with #SQL as the target.
5. P, Q, and R are children of a mid-level parent B. January and Febru-
entity, AceCo. In February each entity has cash in ary should be consoli-
the amounts of 10, 20, and 30, respectively, and dated.
AceCo has been consolidated and has cash of 60.
A
prior period adjustment to Q adjusts cash with a
debit of 5.
Which statement regarding consolidation is cor-
rect?
, FCCS EXAM 2024 NEWEST ACTUAL EXAM COMPLETE 200 QUESTION
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /A
READY GRADED A+
Study online at https://quizlet.com/_g5blmv
A. There is no way to do a prior period entry like
this.
B. January and February should be consolidated.
C. February should be consolidated, after which
the cash at AceCo is now 65.
D. January should be consolidated for the change
and nothing needs to happen for February.
6. Which statement correctly describes the Consol- B. The dimension uses
idation dimension? a separate member to
store data from an en-
A. The dimension contains members to store tity's descendants.
non-controlling interest and joint venture data.
B. The dimension uses a separate member to
store data from an entity's descendants.
C. The dimension allows users to see input versus
journal adjustment data.
D. The dimension aggregates input, consolidated,
and elimination data together.
7. Why should years be consolidated sequentially; D)Rollforward calcula-
i.e., first 2018, then 2019, then 2020? tions are populated
with correct results
A)Each period in the year must consolidate sepa-
rately
B)Parent account calculations depend on the se-
quencing
C)There is no reason to consolidate the years
sequentially
, FCCS EXAM 2024 NEWEST ACTUAL EXAM COMPLETE 200 QUESTION
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /A
READY GRADED A+
Study online at https://quizlet.com/_g5blmv
D)Rollforward calculations are populated with
correct results
8. Which statement is true regarding Data Manage- C. Application map-
ment categories? ping is not required
if the global mapping
A. Categories are defined on the Global Mapping target category is ex-
tab and then the frequency is specified on the actly correct.
Application Mapping tab
B. Categories must begin with FCCS_ to match
their Financial Consolidation and Close counter-
parts.
C. Application mapping is not required if the glob-
al mapping target category is exactly correct.
D. The category's time frequency allows data to be
loaded to daily, weekly, and monthly scenarios.
9. A client company has expanded quickly in the A. robust consolida-
past year and has recognized the need to move tion engine that pro-
their vides automated ag-
financial team off spreadsheets and to a more gregations, intercom-
verifiable and automated solution. pany eliminations
Which two requirements from this team would and translations with-
Oracle's Financial Consolidation and Close Cloud out requiring a strong
Service satisfy? (Choose two.) IT footprint
A. robust consolidation engine that provides auto-D. a configurable re-
mated aggregations, intercompany eliminations porting solution with
and translations without requiring a strong IT prebuild dimensions,
footprint KPIs, reports along
with a process to
B. dashboard reporting with daily revenue com- adjust data, monitor
parisons and KPI's that measure cost controls the close status and
view data and compli-
C. leverage compliance efforts to fix process is-
