FCCS Cert questions with correct answers
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
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, 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
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.
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
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, 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
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.
