Oracle FCCS Certification Questions WITH
|\ |\ |\ |\ |\
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
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔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
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔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
|\ |\ |\ |\ |\ |\ |\
|\ |\ |\ |\ |\
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
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔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
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔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
|\ |\ |\ |\ |\ |\ |\
