Oracle FCCS Certification Questions and
Verified Detailed Answers | Rated A+
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 - ✔✔E. A translation of
Company XYZ to Parent Currency
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,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 - ✔✔A. Intercompany eliminations are generally required to remove
the effect of transactions within the company
What member of the Currency dimension is associated with the Entity Input
member of the Consolidation dimension?
A. Base Currency
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,B. Parent Currency
C. Local Currency
D. Entity Currency - ✔✔D. Entity Currency
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.
E. Security can be disabled for any dimension. - ✔✔A. All members are
accessible for dimensions with no security applied.
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, Which three fields must be defined when registering a file-based source system
in Data Management? (Choose three.)
A. Source Type
B. Drill URL
C. Cloud Type
D. Description
E. Name - ✔✔A. Source Type
B. Drill URL
E. Name
When a Financial Consolidation and Close (FCCS) application was created, no
intercompany options were enabled. Which statement is true?
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Verified Detailed Answers | Rated A+
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 - ✔✔E. A translation of
Company XYZ to Parent Currency
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©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
,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 - ✔✔A. Intercompany eliminations are generally required to remove
the effect of transactions within the company
What member of the Currency dimension is associated with the Entity Input
member of the Consolidation dimension?
A. Base Currency
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©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
,B. Parent Currency
C. Local Currency
D. Entity Currency - ✔✔D. Entity Currency
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.
E. Security can be disabled for any dimension. - ✔✔A. All members are
accessible for dimensions with no security applied.
3|Page
©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
, Which three fields must be defined when registering a file-based source system
in Data Management? (Choose three.)
A. Source Type
B. Drill URL
C. Cloud Type
D. Description
E. Name - ✔✔A. Source Type
B. Drill URL
E. Name
When a Financial Consolidation and Close (FCCS) application was created, no
intercompany options were enabled. Which statement is true?
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©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
