FCCS EXAM STUDY SHEET COMPLETE QUESTIONS ACCURATE SOLUTIONS
Question:
2. 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
Question:
3. 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:
A. The script can be eliminated by using a multi-dim map on the Product dimension that also looks
for the account Sales.
Question:
4. 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.
Question:
5. Which statement correctly describes the Consolidation dimension? 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:
D. The dimension aggregates input, consolidated, and elimination data together.
Question:
6. Which statement is true regarding Data Management categories? 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.
Answer:
C. Application mapping is not required if the global mapping target category is exactly correct.
Question:
7. 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? (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 transac
Answer:
, A. robust consolidation engine that provides automated aggregations, intercompany eliminations
and translations without requiring a strong IT footprint 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
Question:
8. How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data
member within the Multi-source dimension? A. Drill-back to SDM is not an available feature. B.
Drill-back is available from any Multi-source dimension member by default, know the source of the
origination data load. C. By selecting Track Multi-source Data Input option for Supplemental Data
during the application creation process. D. By selecting Track Multi-source Data Input option for
Other Data during the application creation process.
Answer:
B. Drill-back is available from any Multi-source dimension member by default, know the source of
the origination data load.
Question:
9. When you set the Intercompany Account Attribute Value to Yes, which additional attribute must
also be set? A. Plug Account B. Intercompany Account C. Is Plug Account D. Intercompany Entity
Answer:
A. Plug Account
Question:
10. A company has two subsidiaries with 1000 EURO each in the Cash account. Which four
Consolidation Members will reflect 2000 EURO at the company's balance? (Choose four.) A.
FCCS_Elimination B. FCCS_Proportion C. FCCS_Entity Input D. FCCS_Entity Consolidation E.
FCCS_Entity Total F. FCCS_Contribution
Answer:
B. FCCS_Proportion D. FCCS_Entity Consolidation E. FCCS_Entity Total F. FCCS_Contribution
Question:
Question:
2. 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
Question:
3. 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:
A. The script can be eliminated by using a multi-dim map on the Product dimension that also looks
for the account Sales.
Question:
4. 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.
Question:
5. Which statement correctly describes the Consolidation dimension? 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:
D. The dimension aggregates input, consolidated, and elimination data together.
Question:
6. Which statement is true regarding Data Management categories? 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.
Answer:
C. Application mapping is not required if the global mapping target category is exactly correct.
Question:
7. 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? (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 transac
Answer:
, A. robust consolidation engine that provides automated aggregations, intercompany eliminations
and translations without requiring a strong IT footprint 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
Question:
8. How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data
member within the Multi-source dimension? A. Drill-back to SDM is not an available feature. B.
Drill-back is available from any Multi-source dimension member by default, know the source of the
origination data load. C. By selecting Track Multi-source Data Input option for Supplemental Data
during the application creation process. D. By selecting Track Multi-source Data Input option for
Other Data during the application creation process.
Answer:
B. Drill-back is available from any Multi-source dimension member by default, know the source of
the origination data load.
Question:
9. When you set the Intercompany Account Attribute Value to Yes, which additional attribute must
also be set? A. Plug Account B. Intercompany Account C. Is Plug Account D. Intercompany Entity
Answer:
A. Plug Account
Question:
10. A company has two subsidiaries with 1000 EURO each in the Cash account. Which four
Consolidation Members will reflect 2000 EURO at the company's balance? (Choose four.) A.
FCCS_Elimination B. FCCS_Proportion C. FCCS_Entity Input D. FCCS_Entity Consolidation E.
FCCS_Entity Total F. FCCS_Contribution
Answer:
B. FCCS_Proportion D. FCCS_Entity Consolidation E. FCCS_Entity Total F. FCCS_Contribution
Question:
