Oracle FCCS Certification Questions with correct
answers
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 Correct Answer-
E. A translation of Company XYZ to Parent Currency
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 Correct Answer-A. Intercompany eliminations are
generally required to remove the effect of transactions within the
company
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 Correct Answer-D. Entity Currency
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. Correct Answer-A. All
members are accessible for dimensions with no security applied.
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 Correct Answer-A. Source Type
, B. Drill URL
E. Name
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. Correct Answer-D. The ICP
dimension will be omitted.
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
answers
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 Correct Answer-
E. A translation of Company XYZ to Parent Currency
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 Correct Answer-A. Intercompany eliminations are
generally required to remove the effect of transactions within the
company
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 Correct Answer-D. Entity Currency
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. Correct Answer-A. All
members are accessible for dimensions with no security applied.
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 Correct Answer-A. Source Type
, B. Drill URL
E. Name
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. Correct Answer-D. The ICP
dimension will be omitted.
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
