FCCS COMPREHENSIVE EXAM SCRIPT COMPLETE QUESTIONS VERIFIED SOLUTIONS
Question:
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
Answer:
A. Intercompany eliminations are generally required to remove the effect of transactions within the
company
Question:
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
Answer:
D. Entity Currency
Question:
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.
Answer:
A. All members are accessible for dimensions with no security applied.
Question:
,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
Answer:
A. Source Type B. Drill URL E. Name
Question:
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.
Answer:
D. The ICP dimension will be omitted.
Question:
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 C. loading data
from a fixed width or delimited text file D. writing back data to source systems E. loading a
Metadata Import File
Answer:
A. loading data that is period-to-date or year-to-date B. drilling through from a web form or Smart
View C. loading data from a fixed width or delimited text file
Question:
You are required to define a form that displays all form data for only specific View dimension
member and not allow users to change this. Where on the form do you define the View dimension
and select the correct member? A. a column B. Other Options section C. the Page Axis D. the Point
of View
Answer:
D. the Point of View
,Question:
Which dimension includes the FCCS_Global Assumption member that is used to store currency
information? A. Account B. From Currency C. Entity D. Currency
Answer:
C. Entity
Question:
Which two statements are correct with regard to Data Management locations? (Choose two.) A. A
company with three instances of Oracle EBS R12 should only use one location to maintain proper
accounting controls. B. Location security allows users to be provisioned in Shared Services for read
or modify access to each location. C. Locations can share dimension member mappings by
specifying a location as a parent location of others. D. The logic account group is required in order
to effect running of calculations after the data load. E. Locations must specify an import format,
which may be used by other locations. F. Data load rules can be shared across locations.
Answer:
C. Locations can share dimension member mappings by specifying a location as a parent location of
others. E. Locations must specify an import format, which may be used by other locations.
Question:
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS)
deliver to ensure a modern consolidation and close solution? (Choose three.) A. Ensure security of
sensitive data B. Integrate with source systems. C. Provide predictive analysis and modeling D.
Provide a strong compliance framework that includes auditing and segregation of duties.
Answer:
A. Ensure security of sensitive data B. Integrate with source systems. D. Provide a strong
compliance framework that includes auditing and segregation of duties.
Question:
When designing a report in Financial Reporting Studio, which two items are NOT an insert-able
report object? A. Chart B. Grid C. Image D. Header E. Footer
Answer:
, D. Header E. Footer
Question:
Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the
Movement dimension? (Choose four.) A. The Cash Change hierarchy cannot be modified. B. All
primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the
FCCS_CashFlow hierarchy. C. The seeded member FCCS_Mvmts_AccountsPayable found within
the FCCS_CashFlow hierarchy has a Subtraction operator. D. Input level members under the
FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy. E. Standard cash
accounts are members of the FCCS_CashFlow_Operating hierarchy. F. Siblings can be added to the
FCCS_CashFlow_Investing member.
Answer:
C. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow
hierarchy has a Subtraction operator. D. Input level members under the FCCS_Mvmts_Subtotal are
Shared members in the FCCS_CashFlow hierarchy. E. Standard cash accounts are members of the
FCCS_CashFlow_Operating hierarchy. F. Siblings can be added to the FCCS_CashFlow_Investing
member.
Question:
What is the primary function of enabling the Track Intercompany Elimination option during the
application creation? A. enables the Elimination member in the Consolidation dimension B. process
will separate total elimination values by Data Source. C. enables the application to include
Intercompany data. D. enables the application to perform Intercompany eliminations
Answer:
B. process will separate total elimination values by Data Source.
Question:
Which three combinations of dimensions could be valid for a Financial Consolidation and Close
(FCCS) application? (Choose three.) A. Period, Year, Entity B. From Currency, Movement,
Scenario C. Multi-GAAP, Data Type, Intra-company D. Value, Entity, Account E. Data source,
Consolidation, View
Answer:
Question:
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
Answer:
A. Intercompany eliminations are generally required to remove the effect of transactions within the
company
Question:
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
Answer:
D. Entity Currency
Question:
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.
Answer:
A. All members are accessible for dimensions with no security applied.
Question:
,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
Answer:
A. Source Type B. Drill URL E. Name
Question:
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.
Answer:
D. The ICP dimension will be omitted.
Question:
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 C. loading data
from a fixed width or delimited text file D. writing back data to source systems E. loading a
Metadata Import File
Answer:
A. loading data that is period-to-date or year-to-date B. drilling through from a web form or Smart
View C. loading data from a fixed width or delimited text file
Question:
You are required to define a form that displays all form data for only specific View dimension
member and not allow users to change this. Where on the form do you define the View dimension
and select the correct member? A. a column B. Other Options section C. the Page Axis D. the Point
of View
Answer:
D. the Point of View
,Question:
Which dimension includes the FCCS_Global Assumption member that is used to store currency
information? A. Account B. From Currency C. Entity D. Currency
Answer:
C. Entity
Question:
Which two statements are correct with regard to Data Management locations? (Choose two.) A. A
company with three instances of Oracle EBS R12 should only use one location to maintain proper
accounting controls. B. Location security allows users to be provisioned in Shared Services for read
or modify access to each location. C. Locations can share dimension member mappings by
specifying a location as a parent location of others. D. The logic account group is required in order
to effect running of calculations after the data load. E. Locations must specify an import format,
which may be used by other locations. F. Data load rules can be shared across locations.
Answer:
C. Locations can share dimension member mappings by specifying a location as a parent location of
others. E. Locations must specify an import format, which may be used by other locations.
Question:
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS)
deliver to ensure a modern consolidation and close solution? (Choose three.) A. Ensure security of
sensitive data B. Integrate with source systems. C. Provide predictive analysis and modeling D.
Provide a strong compliance framework that includes auditing and segregation of duties.
Answer:
A. Ensure security of sensitive data B. Integrate with source systems. D. Provide a strong
compliance framework that includes auditing and segregation of duties.
Question:
When designing a report in Financial Reporting Studio, which two items are NOT an insert-able
report object? A. Chart B. Grid C. Image D. Header E. Footer
Answer:
, D. Header E. Footer
Question:
Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the
Movement dimension? (Choose four.) A. The Cash Change hierarchy cannot be modified. B. All
primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the
FCCS_CashFlow hierarchy. C. The seeded member FCCS_Mvmts_AccountsPayable found within
the FCCS_CashFlow hierarchy has a Subtraction operator. D. Input level members under the
FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy. E. Standard cash
accounts are members of the FCCS_CashFlow_Operating hierarchy. F. Siblings can be added to the
FCCS_CashFlow_Investing member.
Answer:
C. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow
hierarchy has a Subtraction operator. D. Input level members under the FCCS_Mvmts_Subtotal are
Shared members in the FCCS_CashFlow hierarchy. E. Standard cash accounts are members of the
FCCS_CashFlow_Operating hierarchy. F. Siblings can be added to the FCCS_CashFlow_Investing
member.
Question:
What is the primary function of enabling the Track Intercompany Elimination option during the
application creation? A. enables the Elimination member in the Consolidation dimension B. process
will separate total elimination values by Data Source. C. enables the application to include
Intercompany data. D. enables the application to perform Intercompany eliminations
Answer:
B. process will separate total elimination values by Data Source.
Question:
Which three combinations of dimensions could be valid for a Financial Consolidation and Close
(FCCS) application? (Choose three.) A. Period, Year, Entity B. From Currency, Movement,
Scenario C. Multi-GAAP, Data Type, Intra-company D. Value, Entity, Account E. Data source,
Consolidation, View
Answer:
