Oracle FCCs Certification Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct | Grade A

Oracle FCCs Certification Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct | Grade A Q: How can Financial Consolidation and Close (FCCS) Metadata be managed via SmartView? Answer: Via Shared or Private Connections Q: What steps are necessary to enable Metadata updates within a Financial Consolidation and Close (FCCS) application? Answer: Once metadata has been successfully imported, the options for Refresh Database need to be completed Q: Which four options enable updates to metadata within Financial Consolidation and Close (FCCS)? Answer: Metadata import FUSE Metadata Editor SmartView Classic metadata editor Q: Once metadata is updated and the Refresh Database have completed successfully, how will the status via the default Data Status grid for all entities be listed? a. OK b. Impacted c. System Changed (SC) d. Need Translate Answer: c. System Changed (SC) Q: Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application? A. Select Application, then Overview, then Data, and then Export B. Select Application, then Overview, then Actions, and then Import Data C. Select Dimensions, then Actions, and then Import Data D. Select Import, then Actions, and then Data Answer: B. Select Application, then Overview, then Actions, and then Import Data Q: Which two data load import modes are supported in Financial Consolidation and Close (FCCS)? Answer: Merge Replace Q: Which statement accurately describes alternate hierarchies? A. Single entities having multiple parents B. Parent members having the same currency C. Contribution to parent members are similar D. Data must be entered multiple times for shared members Answer: A. Single entities having multiple parents Q: Which statement is FALSE when enabling Intercompany within an application? Answer: Members of the Intercompany dimension must be manually created. Q: 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 Oracle 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 by Average Rate Answer: 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 by Average Rate Q: Which three statements are true regarding Financial Consolidation and Close (FCCS) Cash Flow reporting? Answer: The Cash Flow can begin with Earnings Before Income Taxes (EBIT). The Cash Flow will calculate opening balances based on the View dimension. The Cash Flow can be adjusted by posting Journals. Q: Which statement is FALSE when enabling a Multi-GAAP application? A. Two custom dimensions are available after enabling Multi-GAAP. B. The Multi-GAAP dimension is optional. C. The system automatically creates an FCCS_IFRS member. D. Additional GAAP adjustment can be created. Answer: A. Two custom dimensions are available after enabling Multi-GAAP. Q: Which two statements explain why data would not be the same for the Consolidation dimension members FCCS_Entity Input and FCCS_Proportion for an entity? Answer: The level zero descendants of the entity have data. An ownership percentage other