FCCS Cert UPDATED ACTUAL Exam
Questions and 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.
Which statement is true regarding Data Management categories? - CORRECT ANSWER -
Application mapping is not required if the global mapping target category is exactly correct.
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? - CORRECT ANSWER - The
script will work if the script is referenced in the In mapping type with #SQL as the target.
For data load rules in Data Management, which two statements are FALSE? - CORRECT
ANSWER - 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.
When defining a batch in Data Management, which statement is True? - CORRECT
ANSWER - Batches can execute data loads for multiple locations.
Which method will run a batch in Data Management? - CORRECT ANSWER - Schedule
a batch to run on a daily basis.
Questions and 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.
Which statement is true regarding Data Management categories? - CORRECT ANSWER -
Application mapping is not required if the global mapping target category is exactly correct.
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? - CORRECT ANSWER - The
script will work if the script is referenced in the In mapping type with #SQL as the target.
For data load rules in Data Management, which two statements are FALSE? - CORRECT
ANSWER - 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.
When defining a batch in Data Management, which statement is True? - CORRECT
ANSWER - Batches can execute data loads for multiple locations.
Which method will run a batch in Data Management? - CORRECT ANSWER - Schedule
a batch to run on a daily basis.
