FCCS SOLUTION PACK PRACTICE
STUDY GUIDE WITH TESTED
SOLUTIONS
⫸ Which three key requirements does the Financial Consolidation and
Close Cloud Service (FCCS) deliver to ensure a modern consolidation
and close solution? 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? Answer: robust consolidation engine that provides
automated aggregations, intercompany eliminations and translations
without requiring a strong IT footprint
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? 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? Answer: Account Reconciliation
Management
⫸ Which components are pre-built into Financial Consolidation and
Close Cloud Service to provide a configurable and scalable
consolidation solution? 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?
Answer: Identify a one-hour window convenient to users, 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? 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? 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?
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? Answer: Name
Description
Drill URL
⫸ For which three levels can Profiles be set in Data Management?
Answer: User
System
Application
⫸ In Data Management, what is the purpose of Source Mapping?
Answer: managing source periods in relation to global periods
⫸ Which two statements are correct with regard to Data Management
locations? 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.
STUDY GUIDE WITH TESTED
SOLUTIONS
⫸ Which three key requirements does the Financial Consolidation and
Close Cloud Service (FCCS) deliver to ensure a modern consolidation
and close solution? 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? Answer: robust consolidation engine that provides
automated aggregations, intercompany eliminations and translations
without requiring a strong IT footprint
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? 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? Answer: Account Reconciliation
Management
⫸ Which components are pre-built into Financial Consolidation and
Close Cloud Service to provide a configurable and scalable
consolidation solution? 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?
Answer: Identify a one-hour window convenient to users, 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? 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? 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?
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? Answer: Name
Description
Drill URL
⫸ For which three levels can Profiles be set in Data Management?
Answer: User
System
Application
⫸ In Data Management, what is the purpose of Source Mapping?
Answer: managing source periods in relation to global periods
⫸ Which two statements are correct with regard to Data Management
locations? 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.
