FCCS CERTIFICATION EXAM
Real Exam Questions & 100% Correct Answers (Verified) — A+ Grade
1. In Financial Close Manager, when would you choose to de-
fine 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: A. when the tasks are repeatable over multiple close cycles
2. Which role can the ”Approvals Supervisor” perform?
A) They can start and stop 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
Answer: B) They can start and stop a planning unit and take any action on a
planning unit
3. Which two data extract export file types are available within
Financial Consolidation and Close (FCCS) ? (Choose two)
A. DAT file type
B. Excel XLS file type
C. Comma delimited
D. Tab delimited
Answer: C. Comma delimited
D. Tab delimited
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,FCCS CERTIFICATION EXAM
Real Exam Questions & 100% Correct Answers (Verified) — A+ Grade
4. 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?
A. The script can be eliminated by using a multi-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
Answer: B. The script will work if the script is referenced in the In mapping type with
#SQL as the target
5. P, Q, and R are children of a mid-level parent entity, AceCo
In February each entity has cash in the amounts of 10, 20, and
30, respectively, and 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 correct?
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
Answer: B. January and February should be consolidated
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,FCCS CERTIFICATION EXAM
Real Exam Questions & 100% Correct Answers (Verified) — A+ Grade
6. Which statement correctly describes the Consolidation di-
mension?
A. The dimension contains members to store 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
Answer: B. The dimension uses a separate member to store data from an entity’s de-
scendants
7. Why should years be consolidated sequentially; I.E., first
2018, then 2019, then 2020? A) Each period in the year must
consolidate separately B) Parent account calculations depend on
the sequencing C) There is no reason to consolidate the years
sequentially D) Rollforward calculations are populated with cor-
rect results
Answer: D) Rollforward calculations are populated with correct results
8. Which statement is true regarding Data Management cate-
gories?
A. Categories are defined on the Global Mapping tab and then the frequency is specified
on the Application Mapping tab
B. Categories must begin with FCCS to match their Financial Consolidation and
Close counterparts
C. Application mapping is not required if the global mapping target category is exactly
correct
D. The category’s time frequency allows data to be loaded to daily, weekly, and monthly
scenarios
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, FCCS CERTIFICATION EXAM
Real Exam Questions & 100% Correct Answers (Verified) — A+ Grade
Answer: C. Application mapping is not required if the global mapping target category is
exactly correct
9. A client company has expanded quickly in the past year and
has recognized the need to move their financial team off spread-
sheets and to a more verifiable and automated solution Which
two requirements from this team would Oracle’s Financial Con-
solidation and Close Cloud Service satisfy? (Choose two)
A. robust consolidation engine that provides automated aggregations, intercompany
eliminations and translations without requiring a strong IT footprint
B. dashboard reporting with daily revenue comparisons and KPI’s that measure cost
controls
C. leverage compliance efforts to fix process issues across all businesses and provide
oversight for risk awareness
D. a configurable reporting solution with prebuild dimensions, KPIs, reports along with
a process to adjust data, monitor the close status and view data and compliance
results in dashboards
E. provide the ability to collaborate during close and analyse transaction
Answer: A. robust consolidation engine that provides automated aggregations, intercom-
pany eliminations and translations without requiring a strong IT footprint D. a config-
urable reporting solution with prebuild dimensions, KPIs, reports along with a process to
adjust data, monitor the close status and view data and compliance results in dashboards
10. Which two prebuilt calculations run on the Movement di-
mension to determine CTA by account?
A. Prior Average Rate minus Current Average Rate multiplied by FCCS Mvmts Subtotal
B. Prior Ending Rate minus Current Ending Rate divided by FCCS Mvmts Subtotal
C. FCCS OpeningBalance multiplied by Ending Rate minus FCCS OpeningBalance carry
forward
D. FCCS Mvmts Subtotal multiplied by Ending Rate minus FCCS Mvmts Subtotal mul-
tiplied by Average Rate
Answer: C) FCCS OpeningBalance multiplied by Ending Rate minus FCCS OpeningBalance
carry forward
D) FCCS Mvmts Subtotal multiplied by Ending Rate minus FCCS Mvmts Subtotal mul-
tiplied by Average Rate
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Real Exam Questions & 100% Correct Answers (Verified) — A+ Grade
1. In Financial Close Manager, when would you choose to de-
fine 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: A. when the tasks are repeatable over multiple close cycles
2. Which role can the ”Approvals Supervisor” perform?
A) They can start and stop 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
Answer: B) They can start and stop a planning unit and take any action on a
planning unit
3. Which two data extract export file types are available within
Financial Consolidation and Close (FCCS) ? (Choose two)
A. DAT file type
B. Excel XLS file type
C. Comma delimited
D. Tab delimited
Answer: C. Comma delimited
D. Tab delimited
SuccessShelf2 © 2025 SuccessShelf2. For Personal Use Only. All rights reserved.
,FCCS CERTIFICATION EXAM
Real Exam Questions & 100% Correct Answers (Verified) — A+ Grade
4. 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?
A. The script can be eliminated by using a multi-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
Answer: B. The script will work if the script is referenced in the In mapping type with
#SQL as the target
5. P, Q, and R are children of a mid-level parent entity, AceCo
In February each entity has cash in the amounts of 10, 20, and
30, respectively, and 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 correct?
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
Answer: B. January and February should be consolidated
SuccessShelf2 © 2025 SuccessShelf2. For Personal Use Only. All rights reserved.
,FCCS CERTIFICATION EXAM
Real Exam Questions & 100% Correct Answers (Verified) — A+ Grade
6. Which statement correctly describes the Consolidation di-
mension?
A. The dimension contains members to store 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
Answer: B. The dimension uses a separate member to store data from an entity’s de-
scendants
7. Why should years be consolidated sequentially; I.E., first
2018, then 2019, then 2020? A) Each period in the year must
consolidate separately B) Parent account calculations depend on
the sequencing C) There is no reason to consolidate the years
sequentially D) Rollforward calculations are populated with cor-
rect results
Answer: D) Rollforward calculations are populated with correct results
8. Which statement is true regarding Data Management cate-
gories?
A. Categories are defined on the Global Mapping tab and then the frequency is specified
on the Application Mapping tab
B. Categories must begin with FCCS to match their Financial Consolidation and
Close counterparts
C. Application mapping is not required if the global mapping target category is exactly
correct
D. The category’s time frequency allows data to be loaded to daily, weekly, and monthly
scenarios
SuccessShelf2 © 2025 SuccessShelf2. For Personal Use Only. All rights reserved.
, FCCS CERTIFICATION EXAM
Real Exam Questions & 100% Correct Answers (Verified) — A+ Grade
Answer: C. Application mapping is not required if the global mapping target category is
exactly correct
9. A client company has expanded quickly in the past year and
has recognized the need to move their financial team off spread-
sheets and to a more verifiable and automated solution Which
two requirements from this team would Oracle’s Financial Con-
solidation and Close Cloud Service satisfy? (Choose two)
A. robust consolidation engine that provides automated aggregations, intercompany
eliminations and translations without requiring a strong IT footprint
B. dashboard reporting with daily revenue comparisons and KPI’s that measure cost
controls
C. leverage compliance efforts to fix process issues across all businesses and provide
oversight for risk awareness
D. a configurable reporting solution with prebuild dimensions, KPIs, reports along with
a process to adjust data, monitor the close status and view data and compliance
results in dashboards
E. provide the ability to collaborate during close and analyse transaction
Answer: A. robust consolidation engine that provides automated aggregations, intercom-
pany eliminations and translations without requiring a strong IT footprint D. a config-
urable reporting solution with prebuild dimensions, KPIs, reports along with a process to
adjust data, monitor the close status and view data and compliance results in dashboards
10. Which two prebuilt calculations run on the Movement di-
mension to determine CTA by account?
A. Prior Average Rate minus Current Average Rate multiplied by FCCS Mvmts Subtotal
B. Prior Ending Rate minus Current Ending Rate divided by FCCS Mvmts Subtotal
C. FCCS OpeningBalance multiplied by Ending Rate minus FCCS OpeningBalance carry
forward
D. FCCS Mvmts Subtotal multiplied by Ending Rate minus FCCS Mvmts Subtotal mul-
tiplied by Average Rate
Answer: C) FCCS OpeningBalance multiplied by Ending Rate minus FCCS OpeningBalance
carry forward
D) FCCS Mvmts Subtotal multiplied by Ending Rate minus FCCS Mvmts Subtotal mul-
tiplied by Average Rate
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