FCCS- FUNDAMENTALS OF CRITICAL CARE SUPPORT EXAM ALREADY SOLVED 100% CORRECT

FCCS- FUNDAMENTALS OF CRITICAL CARE SUPPORT EXAM ALREADY SOLVED 100% CORRECT In Financial Close Manager, when would you choose to define 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 ANS- A. when the tasks are repeatable over multiple close cycles 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 ANS- B) They can start and stop a planning unit and take any action on a planning unit 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 ANS- C. Comma delimited D. Tab delimited 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. ANS- B. The script will work if the script is referenced in the In mapping type with #SQL as the target. 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. ANS- B. January and February should be consolidated. 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. ANS- B. The dimension uses a separate member to store data from an entity's descendants. 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 correct results ANS- D)Rollforward calculations are populated with correct results 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. ANS- C. Application mapping is not required if the global mapping target category is exactly correct. 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 transaction detail in real time ANS- 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 Which two prebuilt calculations run on the Movement dimension 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 multiplied byAverage Rate ANS- C) FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward D)FCCS_Mvmts_Subtotal multiplied by Ending Rate minus FCCS_Mvmts_Subtotal multiplied byAverage Rate When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-Source data options can be selected? A)Supplemental Data B)Data Management C)ERP Cloud D)ERP R12 ANS- A)Supplemental Data B)Data Management 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. Droll-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. ANS- B. Droll-back is available from any Multi-source dimension member by default, know the source of the origination data load. 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 ANS- A. Plug Account 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 ANS- B. FCCS_Proportion D. FCCS_Entity Consolidation E. FCCS_Entity Total F. FCCS_Contribution When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled. Which statement is true? A. The FCCS_No Intercompany member of the ICP dimension will be used for all data. B. Data can be stored by intercompany partner but no eliminations will occur. C. An extra custom dimension will be available. D. The ICP dimension will be omitted. ANS- D. The ICP dimension will be omitted. Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report. Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.) A. FCCS_Accounts Payable account member B. FCCS_CashFlow_Operating movement member C. FCCS_CashFlow_Accounts Payable account member D. FCCS_Total Balance Sheet - Cash and NonCash account member E. FCCS_CashChange movement member ANS- C. FCCS_CashFlow_Accounts Payable account member D. FCCS_Total Balance Sheet - Cash and NonCash account member When defining a batch in Data Management, which statement is True? A. Each data load rule must specify the period or the batch will default to the POV period. B. Batches can import from source or export to target, but not both. C. Batches can execute data loads for multiple locations. D. A batch replaces the need for data load rules. E. A batch can load to multiple plan types. ANS- C. Batches can execute data loads for multiple locations. Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)? A. FCCS_No Data Source B. FCCS_Data Input C. FCCS_SystemTypes D. FCCS_Proportion ANS- D. FCCS_Proportion What information is included in the data extract export file delimited format? A. the ID of the user performing the extract B. the domain and application name C. the data load cube name D. the application name ANS- C. the data load cube name Which four options enable updates to metadata within Financial Consolidation and Close(FCCS)? A)Metadata Import B)Master Data Management Cloud Manager C)fUSE Metadata Editor D)SmartView E)Pod to Pod Connection F)Classic metadata editor ANS- A)Metadata Import C)fUSE Metadata Editor D)SmartView F)Classic metadata editor What is the primary function of enabling the Track Intercompany Elimination option during the application creation? A. enables the Elimination member in the Consolidation dimension B. process will separate total elimination values by Data Source. C. enables the application to include Intercompany data. D. enables the application to perform Intercompany eliminations ANS- B. process will separate total elimination values by Data Source. By default, security access is set to "None" for which three dimensions? (Choose three.) A. Movement B. Data Source C. Account D. Entity E. Year ANS- B. Data Source C. Account D. Entity In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency? A. Movement of FX impact for historical rate accounts to the FCCS_CTA account B. A variance in the Average rate and the Ending rate C. The current FCCS_CTA account balance does not change from the prior period D. The account is FCCS_Net Income ANS- A. Movement of FX impact for historical rate accounts to the FCCS_CTA account D. The account is FCCS_Net Income What type of attribute would you change to make an account translate at a historical rate? A)Data Type B)Data Storage C)Exchange Rate Type D)Account Type ANS- C) Exchange Rate Type Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution? A. pre-built integration to combine narrative and data to produce both internal and external reporting packages B. calculations, dashboards and reports to provide analysis for cash flow modeling C. calculations, dashboards and reports as well as derailed data source tracking and an automated cash flow D. calculations, dashboards and reports built on planning frameworks to provide cash flow planning ANS- C. calculations, dashboards and reports as well as derailed data source tracking and an automated cash flow Which item describes the use for the Currency dimension property Triangulation Currency? A. The ability to force translations B. The ability to report in multiple currencies C. The ability to calculate foreign exchange rates D. The ability to calculate CTA (Cumulative Translation Adjustment) E. The ability to input foreign exchange rates ANS- C. The ability to calculate foreign exchange rates Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination? A. Consolidation, Currency, Account B. Currency, Account, Movement C. Entity, Consolidation, Currency D. Entity, Currency, Account ANS- B.Currency, Account, Movement 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. ANS- B. The Identity Domain Administrator inherits full access privileges. 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. ANS- A. Intercompany eliminations are generally required to remove the effect of transactions within the company. What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates? A. Store B. Never Share C. No Rate D. Dynamic Calc and Store E. Dynamic ANS- A. Store When enabling Multi-GAAP during application creation, which additional option is available? A. Automatically calculate adjustment B. Allow adjustments for IFRS C. Track Multi-Source Data Input D. Include Supplemental Data ANS- A. Automatically calculate adjustment Which four items are active components of the Currency dimension? (Choose four.) A. Entity Currency Adjustments B. Reporting Currencies C. Input Currencies D. Translated Currencies E. Entity Currency F. Parent Currency ANS- B. Reporting Currencies C. Input Currencies E. Entity Currency F. Parent Currency An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month. What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.) A. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data. B. A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input. C. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input. D. Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input. ANS- A. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data. C. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input. If the Common Stock of an entity is translating at an historical rate from prior year, what occurs if there is current period activity and no rate specified for the current activity? A)The new Common Stock balance will remain at the same translated rate as the prior period B)The Common Stock current activity will translate at the historical rate in place from the prior year C)The Common Stock current activity will translate at the current Ending Rate D)The Common Stock current activity will translate at the current Average Rate ANS- D)The Common Stock current activity will translate at the current Average Rate Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.) A. FCCS_Amount_Override B. FCCS_Rate Override C. FCCS_Contribution D. FCCS_Proportion E. FCCS_Elimination F. FCCS_Translation ANS- A. FCCS_Amount_Override B. FCCS_Rate Override Which statement is true regarding shared members and valid intersection rules? A. Shared members are supported in valid intersection rules B. If a shared member is selected for a valid intersection rule, then the base member is not included in the rule C. If a base member is included in a valid intersection rule, then any shared member is not included in the rule D. Shared members are not supported in valid intersection rules ANS- A. Shared members are supported in valid intersection rules Which statement correctly describes what happens to parent entities during consolidation? A. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity. B. The changes in the relational database are synced to the underlying Essbase cube. C. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension. D. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together. ANS- A. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity. When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made? A. Any number of months can be selected B. 12-month only C. 12-month and 13-month D. 12-month, 13-month and a 14-month ANS- C. 12-month and 13-month How can Metadata be imported into any Financial Consolidation and Close (FCCS) application? A. by selecting Application, then Overview, then Dimensions, and then Export B. by selecting Dimension, then Import, and then Metadata C. by selecting Application, then Overview, then Dimensions, and then Import D. by selecting Tasks, then Metadata, and then Import ANS- C. by selecting Application, then Overview, then Dimensions, and then Import 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 ANS- A. A translation to the USD_Reporting currency member for Company IOU A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD. Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.) A. Common Stock must have an Exchange Rate Type set to Historical Rate Override. B. The subsidiary must have a balance not equal to zero in Common Stock. C. Common Stock must have a Data Storage property set to Never Share. D. USD must be created as a reporting currency. E. The subsidiary must have a parent entity with a GBP currency. ANS- A. Common Stock must have an Exchange Rate Type set to Historical Rate Override. B. The subsidiary must have a balance not equal to zero in Common Stock. The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting. To define a Close Manager task template to monitor all seven days, which range should you define? A. Day -3 to Day 4 B. Day -3 to Day 3 C. Day 1 to Day 7 D. Day -2 to Day 4 ANS- B. Day -3 to Day 3 Which dimension includes the FCCS_Global Assumption member that is used to store currency information? A. Account B. From Currency C. Entity D. Currency ANS- C. Entity Which statement correctly describes when a consolidation can occur within a given year/scenario? A. An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content. B. The current period consolidation status is Impacted and the remaining periods are OK. C. A user has a power user access but only write access to the entity. D. A user with power user access first locks the entity so that other users cannot consolidate the same entity. E. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year. ANS- C. A user has a power user access but only write access to the entity. When is a user most likely to have a need for running a consolidation for the current close period? A)The status of FCCS_Total_Geography is No Data B)After the financial statements have been approved C)After the period has been closed for posting FCCS journals D)After subledgers have been closed in the ERP and loaded to FCCS ANS- D)After subledgers have been closed in the ERP and loaded to FCCS Which two statements explain why data would not be the same for the Consolidation dimensionmembers FCCS_Entity Input and FCCS_Proportion for an entity? A)A member formula calculated a proportion B)An intercompany elimination was performed C)The level zero descendants of the entity have data D)An ownership percentage other than 100 was entered E)The parent entity has a different currency than the child F)A rate was entered into the FCCS_Rate Override account ANS- C)The level zero descendants of the entity have data D)An ownership percentage other than 100 was entered What is the correct Currency dimension member to select when running an Intercompany Matching Report? A. Input Currency B. Reporting Currency C. Entity Currency D. Parent Currency ANS- B. Reporting Currency Which statement is correct regarding maintenance of the intercompany dimension? A)All level zero members of the Entity dimension automatically show on the Intercompany dimension B)Adding a member to the ICP dimension that does not exist as a member in the Entity dimension is not possible C)Deleting a member from the Entity dimension that is tagged as intercompany will leave the member in the ICP dimension. D)Adding a member to the Entity dimension and tagging it with the ICP_Entity_Yes attribute will add the member to the ICP dimension as a child of FCCS_Intercompany Top. ANS- C)Deleting a member from the Entity dimension that is tagged as intercompany will leave the member in the ICP dimension. Which two are components of default currency translation? A)The periodic activity of a revenue account is used to translate the balance at the AverageRate B)The year to date balance of a revenue account is translated at the Average Rate C)CTA (Cumulative Translation Adjustment) is calculated by the movement in the AverageRate D)CTA (Cumulative Translation Adjustment) is calculated by the difference between thecurrent Average Rate and prior month's Average Rate E)The periodic activity for an asset account is translated at the Average Rate ANS- A)The periodic activity of a revenue account is used to translate the balance at the AverageRate E)The periodic activity for an asset account is translated at the Average Rate Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions? A. Scenario, Account, Base Entity and Parent Entity B. Year, Scenario, Base Entity and Account C. Scenario, View, Parent Entity and Account D. Period, Scenario, Base Entity and Parent Entity ANS- D. Period, Scenario, Base Entity and Parent Entity On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features? A. the third Friday of each month to apply to both TEST and PROD simultaneously B. the first and third Monday of each month; first Monday for TEST and third Monday for PROD C. the second and fourth Friday of each month; second Friday for Test and fourth Friday for PROD D. the first and third Friday of each month; first Friday for TEST and third Friday for PROD ANS- D. the first and third Friday of each month; first Friday for TEST and third Friday for PROD To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection? A. Intercompany Accounts B. Intercompany Partners C. Intercompany Plug Accounts D. Elimination Consolidation Dimension member ANS- C. Intercompany Plug Accounts Which three methods would be valid to lock or unlock data? A)Data Status Form B)Financial Reporting report C)Smart View for Excel D)Manage Periods E)Manage Approvals ANS- A)Data Status Form C)Smart View for Excel E)Manage Approvals What are the valid Lock Status options within Financial Consolidation and Close Cloud Service (FCCS)? A)Started, Unlocked, Locked B)Open, Unlocked, Locked C)Not Started, Unlocked, Locked D)Closed, Open, Not Started, Unlocked, Locked ANS- C)Not Started, Unlocked, Locked Which two are true for Financial Consolidation and Close Cloud Service (FCCS) data sets? A)Entity is always included in a data set B)Entity is an optional inclusion in a data set C)Dimension attributes can be included in a data set D)Only administrators can create and update data sets E)Only administrators or power users can create and update data sets ANS- A)Entity is always included in a data set E)Only administrators or power users can create and update data sets Using which Smart View reporting method can users retrieve data from a Financial Consolidation and Close Cloud application data with formulas such as HsGetValue? A)Function Builder B)Adhoc query C)Smart Forms D)Smart Slices ANS- A)Function Builder Which statement about Financial Close Manager Schedules is False? A)To start all the tasks in a schedule to run you must set the status from Pending to Open B)Once a schedule is Locked, it can't be reopened C)Users can still complete tasks once a schedule has been closed D)You can still add tasks once a schedule has been closed ANS- D)You can still add tasks once a schedule has been closed When creating a task type, what type of task requires a parameter? A)A basic task with a question and rule B)A Financial Consolidation and Close Cloud integrated task requiring no point of view selection C)A task that integrates with an external application and requires a year and month input D)A parent task that provides a roll-up of base tasks ANS- C)A task that integrates with an external application and requires a year and month input In data sets, why might an attribute NOT be able to be used in a workflow? A)Metadata is not set up correctly B)Key Identifier On is not selected C)You can only assign a workflow if the account is a balance sheet type D)The Entity selection is not in your data set ANS- B)Key Identifier On is not selected What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension? A. Base Currency B. Parent Currency C. Local Currency D. Entity Currency ANS- D. Entity Currency You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change? A. The new task will run outside of the schedule end date. B. An error, you can't add a new task past the due date. C. The schedule end date changes to match the end date of the task. D. The task will not run. ANS- C. The schedule end date changes to match the end date of the task. Which is true behavior of default FCCS_ members within an application? A. You can change the default FCCS_ member prefix at application creation. B. You can change the Alias of these default FCCS_ members at any time. C. You can change the Name of these default FCCS_ members at any time. D. You cannot change the Alias of these default FCCS_ members. ANS- B. You can change the Alias of these default FCCS_ members at any time. Which four sample ratios can be created during the application creation process? (Choose four.) A. Inventory Ratios B. Contribution Margin C. Debt Ratio D. Earnings per Share E. Days Sales in Receivables F. Gross Margin ANS- A. Inventory Ratios C. Debt Ratio E. Days Sales in Receivables F. Gross Margin or Liquidity Asset Management Profitability Leverage Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application? A. 3-3-3-3 B. 3-3-3-4 C. 4-4-4-4 D. 4-4-4-5 ANS- B. 3-3-3-4 What member of the Currency dimension should be used during data entry for historical override amounts? A. Parent Currency B. Input Currencies C. Reporting Currencies D. Entity Currency ANS- B. Input Currencies You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this. Where on the form do you define the View dimension and select the correct member? A. a column B. Other Options section C. the Page Axis D. the Point of View ANS- D. the Point of View PQR Hickory H1 H2 Paducah P_1 P_2 PQR Company has the ownership structure shown above. If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance? A. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany B. Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1 C. Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1 D. Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1 ANS- D. Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1 Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.) A. Ensure security of sensitive data. B. Integrate with source systems. C. Provide predictive analysis and modeling. D. Provide a strong compliance framework that includes auditing and segregation of duties. ANS- A. Ensure security of sensitive data. B. Integrate with source systems. D. Provide a strong compliance framework that includes auditing and segregation of duties. What can the Intercompany Dimension be enabled and made visible within your application? A. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute B. during application creation and selecting the Intercompany Data feature option C. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute D. during application creation and selecting the Multi-source Data Input of Other Data ANS- B. during application creation and selecting the Intercompany Data feature option A company would like to capture Fixed Asset additions and disposals within the Movement dimension. Which three tasks are necessary to achieve this goal? (Choose three.) A. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals B. Add custom members for Additions and Disposals as dependents of FCCS_Mvmts_CapitalExpenditures. C. Load detailed Fixed Asset data to Movement members. D. Add custom Movement members to the FCCS_CashFlow hierarchy. E. Create a Roll Forward in the account dimension. ANS- A. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals D. Add custom Movement members to the FCCS_CashFlow hierarchy. C. Load detailed Fixed Asset data to Movement members. PQR Hickory H1 H2 Paducah P_1 P_2 PQR Company has the ownership structure shown above. If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called? A. First common parent B. Generation 0 C. First order relation D. Lowest common denominator ANS- A. First common parent Which two statements are correct with regard to Data Management locations? (Choose two.) A. A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls. B. Location security allows users to be provisioned in Shared Services for read or modify access to each location. C. Locations can share dimension member mappings by specifying a location as a parent location of others. D. The logic account group is required in order to effect running of calculations after the data load. E. Locations must specify an import format, which may be used by other locations. F. Data load rules can be shared across locations. ANS- C. Locations can share dimension member mappings by specifying a location as a parent location of others. E. Locations must specify an import format, which may be used by other locations. What file type / file extension format extract data exports from Financial Consolidation and Close (FCCS)? A. The data export format / file extension is always extracted in a XLS file format. B. The data export format / file extension is always extracted in a ZIP file format. C. The data export format / file extension is always extracted in a DAT file format. D. The data export format / file extension is always extracted in a CSV file format. ANS- B. The data export format / file extension is always extracted in a ZIP file format. What are two important first steps in initially setting up Close Manager? (Choose two.) A. Create a schedule and set it to Open status. B. Set up Users. C. Assign tasks to users. D. Define system settings such as Organization units, Holiday rules and Task attachment size. ANS- B. Set up Users. D. Define system settings such as Organization units, Holiday rules and Task attachment size. How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application? A. Enable a dimension for Currency after application creation via a Metadata load. B. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension. C. During application creation, select the Multicurrency option of "Yes". D. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field. ANS- C. During application creation, select the Multicurrency option of "Yes". What member of the Consolidation dimension aggregates the Proportion member and the Elimination members? A. FCCS_Entity Total B. FCCS_Parent Currency C. FCCS_Contribution D. FCCS_Entity Consolidation ANS- C. FCCS_Contribution Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.) A. FCCS_Journal Input B. FCCS_PCON C. FCCS_Intercompany Eliminations D. FCCS_No Data Source ANS- A. FCCS_Journal Input C. FCCS_Intercompany Eliminations If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias? A. The Intercompany Alias is set to the Entity Name. B. The Intercompany Alias is automatically changed to the new Entity Alias. C. The Intercompany Alias is not automatically changed to the new Entity Alias. D. The Intercompany Alias is automatically set to the Intercompany Name. ANS- C. The Intercompany Alias is not automatically changed to the new Entity Alias. In which two scenarios will the system copy balances to the Reporting Currency? A)Parent Currency matches Reporting Currency B)Entity Currency matches Parent Currency C)Entity Currency matches Reporting Currency D)The Reporting Currency is the triangulation currency ANS- A)Parent Currency matches Reporting Currency C)Entity Currency matches Reporting Currency A new Sheet tab in Excel is copied from an existing tab that contains a Smart View query, but clicking Refresh does not refresh the data and the Smart View (Point of View) POV bar does not display. Which additional step is required to pull data in the new tab and change the POV? A. Disconnect from the Smart View connection, and relog in. B. Activate the Connection. C. Close out of Excel, and relog in to Smart View. D. Change one of the Row or Column dimension members and click Refresh. ANS- B. Activate the Connection. Which explains why the Currency dimension does NOT display in your application? A. Security access to the Multi-GAAP dimension is required B. Multi-Currency option was not selected at application creation C. Entity-specific security rights were not properly granted D. Security has not been granted ANS- B. Multi-Currency option was not selected at application creation Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.) A. Submit data B. Adjust data with Journals C. Retrieve data D. Run a rule such as Consolidate or Translate ANS- A. Submit data C. Retrieve data D. Run a rule such as Consolidate or Translate When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object? A. Chart B. Grid C. Image D. Header ANS- D. Header 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 ANS- B. Drill URL D. Description E. Name Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.) A. The Cash Change hierarchy cannot be modified. B. All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy. C. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator. D. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy. E. Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy. F. Siblings can be added to the FCCS_CashFlow_Investing member. ANS- A. The Cash Change hierarchy cannot be modified. B. All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy. C. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator. D. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy. To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required? A. Metadata Administrator B. Metadata Supervisor C. System Administrator D. Power User ANS- C. System Administrator What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account? A. this setting will not affect additions or subtractions to the next parent B. subtract amounts consolidated to the parent C. add amounts consolidated to the parent D. you can't load data to this account ANS- A. this setting will not affect additions or subtractions to the next parent If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs? A. The alias of the associated Intercompany member is automatically updated. B. The associated Intercompany member must be manually removed. C. The associated Intercompany member is automatically removed. D. The alias of the associated Intercompany member must be manually changed. ANS- B. The associated Intercompany member must be manually removed. Which statement is FALSE when setting up Shared Entities? A. The calculation status will not change in all instances when data is changed in one instance. B. The Data Storage Member Property must set to "Dynamic Calc". C. You build an alternate hierarchy by using partial share Entity members. D. When data is posted to one shared entity, the data is posted to all instances. ANS- B. The Data Storage Member Property must set to "Dynamic Calc". For which three tasks can Data Management be used? (Choose three.) A. loading data that is period-to-date or year-to-date B. drilling through from a web form or Smart View C. loading data from a fixed width or delimited text file D. writing back data to source systems E. loading a Metadata Import File ANS- A. loading data that is period-to-date or year-to-date B. drilling through from a web form or Smart View C. loading data from a fixed width or delimited text file When setting an account property to a data storage type of "Dynamic Calc" which two are allowed? A. Member Formulas cannot be created B. load data to this account and make member formulas C. load data to this account D. create Member Formulas ANS- D. create Member Formulas Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application? (Choose three.) A. Period, Year, Entity B. From Currency, Movement, Scenario C. Multi-GAAP, Data Type, Intra-company D. Value, Entity, Account E. Data source, Consolidation, View ANS- A. Period, Year, Entity B. From Currency, Movement, Scenario E. Data source, Consolidation, View Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have acco unt receivables in the amounts of 10, 20, and 30, respectively. Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60? A. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo. B. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo. C. P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q. D. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q. ANS- B. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo. Which three scenarios result in foreign currency translation during the default consolidation process? (Choose three.) A. A base entity currency has a parent entity with a matching default currency. B. A base entity currency has a parent entity with a different default currency. C. A parent entity has the same default currency as its parent. D. A parent entity has a different currency from its parent. E. A shared entity has a parent with a different currency. ANS- B. A base entity currency has a parent entity with a different default currency. D. A parent entity has a different currency from its parent. E. A shared entity has a parent with a different currency. Which four types of artifacts are able to have artifact level security set up on them (choose 3) A. Forms B. Task lists C. Journals D. Reports E. Smart Lists F. Member Lists ANS- A. Forms B. Task lists C. Journals D. Reports To which four applications can EPMAutomate be used to import data? A)PBCS B)FCCS C)TRCS D)ARCS E)EPBCS F)PCMCS ANS- A)PBCS B)FCCS C)TRCS E)EPBCS For which action is the EPMAutomate "uploadfile" file used? A)Import metadata from the source system only B)Upload a snapshot to an FCCS environment C)Export data to both production and test environments D)Export metadata from the source system ANS- B) Upload a snapshot to an FCCS environment In Data Management, what is the purpose of Source Mapping? A)Defining the close calendar periods B)Managing source periods in relation to global periods C)Mapping local dimension members to the application dimension members D)Defining the input currency for each data source supplying data to the application E)Overriding the global period mapping with specific period labels unique to the data source ANS- B)Managing source periods in relation to global periods An import format is being created for delimited general ledger flat file. The general ledger hasan account field and a sub-account field, both of which must be considered when mapping the account to the cloud EPM application account. The application does not have a separate dimension for the sub-account. Which two actions are correct? A)Use two target account dimension rows to combine the two fields together B)Modify the application design to include the sub-account as a custom dimension C)Use a script to concatenate the two fields together into the target account dimension D)Modify the file format coming from the general ledger to put the account and sub-account together in one field E)Map the account field to the target account dimension and the sub-account field to an attribute dimension and then use a multi-dim mapping to map the combination to the account ANS- A)Use two target account dimension rows to combine the two fields together D)Modify the file format coming from the general ledger to put the account and sub-account together in one field For data loads rules in Data Management, which two statements are FALSE? A)Valid load types are Merge and Replace B)Data load rules cannot be shared across locations C)End users can upload a file when running a data load rule D)A job must first run to import the data file before the user can run the data load rule E)If specified, the import format will be used; if not, then the location's format will be use ANS- A)Valid load types are Merge and Replace D)A job must first run to import the data file before the user can run the data load rule Which method will run a batch in Data Management? A)Use EPM Automate to run the batch B)Schedule a batch to run on a daily basis C)Users can initiate a batch at any time they like D)Right click the batch to create a job and then schedule E)Batches run automatically when the specified file is uploaded ANS- B)Schedule a batch to run on a daily basis