Oracle FCCS Certification Questions & Answers
Company 123 is a public company that E. A translation of Company XYZ to Parent Currency
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
, Oracle FCCS Certification Questions & Answers
Which statement is correct regarding A. Intercompany eliminations are generally required to remove the effect of
intercompany eliminations? transactions within the company
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
, Oracle FCCS Certification Questions & Answers
What member of the Currency dimension D. Entity Currency
is associated with the Entity Input
member of the Consolidation dimension?
A. Base Currency
B. Parent Currency
C. Local Currency
D. Entity Currency
, Oracle FCCS Certification Questions & Answers
Which statement is false regarding A. All members are accessible for dimensions with no security applied.
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.
Company 123 is a public company that E. A translation of Company XYZ to Parent Currency
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
, Oracle FCCS Certification Questions & Answers
Which statement is correct regarding A. Intercompany eliminations are generally required to remove the effect of
intercompany eliminations? transactions within the company
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
, Oracle FCCS Certification Questions & Answers
What member of the Currency dimension D. Entity Currency
is associated with the Entity Input
member of the Consolidation dimension?
A. Base Currency
B. Parent Currency
C. Local Currency
D. Entity Currency
, Oracle FCCS Certification Questions & Answers
Which statement is false regarding A. All members are accessible for dimensions with no security applied.
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.
