100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
FCCS Cert NEWEST 2025/2026 ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! $12.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. FCCS CERTIFICATION
  4.  
  5. FCCS CERTIFICATION

Exam (elaborations)

FCCS Cert NEWEST 2025/2026 ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!
 0 purchase
  • Course
  • FCCS CERTIFICATION
  • Institution
  • FCCS CERTIFICATION

FCCS Cert NEWEST 2025/2026 ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!

Preview 2 out of 10  pages

Document information

  • February 4, 2025
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • fccs certification
  • a client company has expanded quickly in the past
  • fccscontribution a company is based in the united

Written for

  • FCCS CERTIFICATION
  • FCCS CERTIFICATION

Seller

avatar-seller
AllLegitExams

Reviews received

Content preview

FCCS Cert

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? - ANS-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
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? - ANS-FCCS_Entity
Consolidation

FCCS_Entity Total

FCCS_Proportion

FCCS_Contribution
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? - ANS-The subsidiary must have a
balance not equal to zero in Common Stock.

Common Stock must have an Exchange Rate Type set to Historical Rate Override.
A company would like to capture Fixed Asset additions and disposals within the Movement
dimension. Which three tasks are necessary to achieve this goal? - ANS-Build a custom
Movement member for Fixed Assets with dependent custom members for Additions and
Disposals.

Load detailed Fixed Asset data to Movement members.

Add custom Movement members to the FCCS_CashFlow hierarchy.
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.What additional step is required to pull data in the new tab and change the POV? -
ANS-Activate the Connection.
A user creates an adhoc Smart View query that is defined to show the Financial Consolidation
and Close Cloud parent Account, FCCS_Cash and Cash Equivalents, and all base account
members below it in the rows of the spreadsheet. If a new base account is added to the

, FCCS_Cash and Cash Equivalents parent account, what method can the user select to add the
new account to the rows in the query? - ANS-Zoom out on the FCCS_Cash and Cash
Equivalents parent account, then re-zoom in.
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? - ANS-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.
By default, security access is set to "None" for which three dimensions? - ANS-Entity

Account

Movement
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? - ANS-FCCS_CashFlow_AccountsPayable movement
member

FCCS_Total Balance Sheet - Cash and NonCash account member
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 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? - ANS-A translation to the
USD_Reporting currency member for Company IOU
Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through
which dimension combination? - ANS-Consolidation, Currency, Account
Financial Consolidation Close Cloud maintains the status calculation for which combination of
dimensions? - ANS-Period, Scenario, Base Entity and Parent Entity
For data load rules in Data Management, which two statements are FALSE? - ANS-Valid load
types are Merge and Replace.

A job must first run to import the data file before the user can run the data load rule.
For which three levels can Profiles be set in Data Management? - ANS-User

System

Application
For which three tasks can Data Management be used? - ANS-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
How can Financial Consolidation and Close (FCCS) Metadata be managed via SmartView? -
ANS-Via Shared or Private Connections

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller AllLegitExams. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

63950 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$12.99
  • (0)
Add to cart
Added