FCCS Cert Exam Questions And Answers
Latest Update 2025
Financial Consolidation and Close Cloud Service (FCCS) provides a
consolidation path through which dimension combination? -
correct answer ✅Consolidation, Currency, Account
Which three key requirements does the Financial Consolidation and
Close Cloud Service (FCCS) deliver to ensure a modern
consolidation and close solution? -
correct answer ✅Ensure security of sensitive data.
Integrate with source systems.
Provide a strong compliance framework that includes auditing and
segregation of duties.
A client company has expanded quickly in the past year and has
recognized the need to move their financial team off spreadsheets
and to a more verifiable and automated solution. Which two
requirements from this team would Oracle's Financial Consolidation
and Close Cloud Service satisfy? -
correct answer ✅robust consolidation engine that provides
automated aggregations, intercompany eliminations and
translations without requiring a strong IT footprint
,FCCS Cert Exam Questions And Answers
Latest Update 2025
a configurable reporting solution with prebuilt dimensions, KPIs,
reports along with a process to adjust data, monitor the close
status and view data and compliance results in dashboards
Which solution is delivered by the Financial Consolidation and Close
Cloud Service? -
correct answer ✅an automated and integrated solution to manage
the financial consolidation month-end close process
Which financial close related component requires a separate
subscription and is not included in the Financial Consolidation and
Close Cloud suite subscription? -
correct answer ✅Account Reconciliation Management
Which components are pre-built into Financial Consolidation and
Close Cloud Service to provide a configurable and scalable
consolidation solution? -
correct answer ✅calculations, dashboards and reports as well as
detailed data source tracking and an automated cash flow
What is the recommended step a Financial Consolidation and Close
Cloud administrator should take to facilitate the backup process? -
correct answer ✅Identify a one-hour window convenient to users,
,FCCS Cert Exam Questions And Answers
Latest Update 2025
then use the Tools, Daily Maintenance window to identify that time
for Oracle to run their backup process.
On what days during the month does Oracle apply patch updates to
fix bugs, apply code optimizations, and add new features? -
correct answer ✅the first and third Friday of each month; first
Friday for TEST and third Friday for PROD
For which three tasks can Data Management be used? -
correct answer ✅loading data from a fixed width or delimited text
file
drilling through from a web form or Smart View
loading data that is period-to-date or year-to-date
Which task CANNOT be completed by using Data Management? -
correct answer ✅Load journal data to Financial Consolidation and
Close (FCCS)
Which three fields must be defined when registering a file-based
source system in Data Management? -
correct answer ✅Name
Description
, FCCS Cert Exam Questions And Answers
Latest Update 2025
Drill URL
For which three levels can Profiles be set in Data Management? -
correct answer ✅User
System
Application
In Data Management, what is the purpose of Source Mapping? -
correct answer ✅managing source periods in relation to global
periods
Which two statements are correct with regard to Data
Management locations? -
correct answer ✅Locations must specify an import format, which
may be used by other locations.
Locations can share dimension member mappings by specifying a
location as a parent location of others.
Latest Update 2025
Financial Consolidation and Close Cloud Service (FCCS) provides a
consolidation path through which dimension combination? -
correct answer ✅Consolidation, Currency, Account
Which three key requirements does the Financial Consolidation and
Close Cloud Service (FCCS) deliver to ensure a modern
consolidation and close solution? -
correct answer ✅Ensure security of sensitive data.
Integrate with source systems.
Provide a strong compliance framework that includes auditing and
segregation of duties.
A client company has expanded quickly in the past year and has
recognized the need to move their financial team off spreadsheets
and to a more verifiable and automated solution. Which two
requirements from this team would Oracle's Financial Consolidation
and Close Cloud Service satisfy? -
correct answer ✅robust consolidation engine that provides
automated aggregations, intercompany eliminations and
translations without requiring a strong IT footprint
,FCCS Cert Exam Questions And Answers
Latest Update 2025
a configurable reporting solution with prebuilt dimensions, KPIs,
reports along with a process to adjust data, monitor the close
status and view data and compliance results in dashboards
Which solution is delivered by the Financial Consolidation and Close
Cloud Service? -
correct answer ✅an automated and integrated solution to manage
the financial consolidation month-end close process
Which financial close related component requires a separate
subscription and is not included in the Financial Consolidation and
Close Cloud suite subscription? -
correct answer ✅Account Reconciliation Management
Which components are pre-built into Financial Consolidation and
Close Cloud Service to provide a configurable and scalable
consolidation solution? -
correct answer ✅calculations, dashboards and reports as well as
detailed data source tracking and an automated cash flow
What is the recommended step a Financial Consolidation and Close
Cloud administrator should take to facilitate the backup process? -
correct answer ✅Identify a one-hour window convenient to users,
,FCCS Cert Exam Questions And Answers
Latest Update 2025
then use the Tools, Daily Maintenance window to identify that time
for Oracle to run their backup process.
On what days during the month does Oracle apply patch updates to
fix bugs, apply code optimizations, and add new features? -
correct answer ✅the first and third Friday of each month; first
Friday for TEST and third Friday for PROD
For which three tasks can Data Management be used? -
correct answer ✅loading data from a fixed width or delimited text
file
drilling through from a web form or Smart View
loading data that is period-to-date or year-to-date
Which task CANNOT be completed by using Data Management? -
correct answer ✅Load journal data to Financial Consolidation and
Close (FCCS)
Which three fields must be defined when registering a file-based
source system in Data Management? -
correct answer ✅Name
Description
, FCCS Cert Exam Questions And Answers
Latest Update 2025
Drill URL
For which three levels can Profiles be set in Data Management? -
correct answer ✅User
System
Application
In Data Management, what is the purpose of Source Mapping? -
correct answer ✅managing source periods in relation to global
periods
Which two statements are correct with regard to Data
Management locations? -
correct answer ✅Locations must specify an import format, which
may be used by other locations.
Locations can share dimension member mappings by specifying a
location as a parent location of others.
