FCCS EXAM QUESTIONS AND VERIFIED
ANSWERS 100% GUARANTEED PASS
21. When cloning a Financial Consolidation and Close environment, which two
statements describe what happens when there is a mismatch between Essbase
versions in the source and target environments? (BLURRY PICTURE) - CORRECT
ANSWES -- If there is a mismatch between the Oracle Essbase version in the source
and target environment, the cloning process will upgrade the Essbase version in the
target environment to match that of the source environment. However, it will not
downgrade the Essbase version in the target environment to match that of the source.
For example, if the source is an EPM Enterprise Cloud Service environment with
Hybrid-enabled Essbase and the target is a legacy EPM Cloud environment with Non-
Hybrid Essbase, the clone process will upgrade the target environment to use Hybrid-
enabled Essbase.
1. Which components are prebuilt into Financial Consolidation and Close to provide a
configurable and scalable consolidation solution?
Calculations, dashboards, and reports built on planning frameworks to provide cash flow
planning
Pre-built integrations to combine narrative and data to produce both internal and
external reporting packages
Calculations, dashboards, and reports as well as detailed data source tracking and an
automated cash flow
Calculations, dashboards, and reports to provide analysis for cash flow modeling -
CORRECT ANSWES -- Calculations, dashboards, and reports as well as detailed
data source tracking and an automated cash flow
2. You can refresh the database on the Application page. You must refresh it whenever
you change the structure. Which action requires refreshing the database?
You edit the alias for a member in the Entity dimension.
You change the ownership percentage for an entity.
You edit the Consolidation Operator for a member in the Account dimension.
,You deploy a new Configurable Calculation rule in Calculation Manager. - CORRECT
ANSWES -- You edit the Consolidation Operator for a member in the Account
dimension.
3. You routinely create a backup snapshot file of application artifacts and data as part of
system maintenance. Which navigation path would you use to create a snapshot file to
back up a form?
Open the form, select Actions, and then Export.
From the Home page, select Tools, and then Clone Snapshot.
From the Navigator menu, select Forms.
From the Home page, select Tools, and then Migration. - CORRECT ANSWES --
From the Home page, select Tools, and then Migration.
4. You want to export Financial Consolidation and Close metadata to a file. What is the
fil type/file extension of data exports from Financial Consolidation and Close?
The data export format/file extension is always a ZIP file.
The data export format/file extension is always a DAT file.
The data export format/file extension is always a CSV file.
The data export format/file extension is always a XLS file. - CORRECT ANSWES --
The data export format/file extension is always a ZIP file.
5. As a Service Administrator with Write access to data, you want to copy data from a
source POV to a destination POV. Which two statements about the Copy Data function
are true?
You cannot select which Account members to copy.
You can copy data for historical rate and amount overrides.
You can select which Consolidation dimension member to copy.
When you select the Regular Data option, journal data is included. - CORRECT
ANSWES -- You can copy data for historical rate and amount overrides.
When you select the Regular Data option, journal data is included.
6. Which two are selections in the Workflow Option list on the Journals tab when
creating an Enterprise Journals template?
,No Workflow
Prepare
Prepare ---> Lock
Prepare ---> Approve
Prepare ---> Post - CORRECT ANSWES -- Prepare
Prepare ---> Post
7. Which statement about Opening Balance Override rules is true?
You can select which entities to include in the rule scope.
You can select which accounts to include in the rule scope.
They are available only if Intercompany Data with Tracking is enabled for business
process.
Opening Balance Override rules execute for the first period in the year only. -
CORRECT ANSWES -- Opening Balance Override rules execute for the first period in
the year only.
8. As an administrator, you have defined an approval unit hierarchy and started the
approval process. After the process is started, the approval unit moves from one
reviewer to another until the process is complete. The approval unit has the status
Under Review. Who can modify data for the approval unit?
Only the administrator
The current owner Any user with Write access to the dimension members in the
approval unit
The current owner, Service Administrator, or Power User
The current owner or Service Administrator - CORRECT ANSWES -- The current
owner or Service Administrator
9. You create and run integrations from the Data Integration page. Where can you set
the default member for the Currency dimension in a data integration?
Run Integration dialog box
Location Attributes in the Create Integration dialog box
, Map Members tab in the Create Integration dialog box
Options tab of the Application Details dialog box - CORRECT ANSWES -- Location
Attributes in the Create Integration dialog box
10. When creating a data integration, you can use target expressions to set default
values for dimensions or transform data as it is imported or exported. On the Map
Dimensions tab for a data integration, which two are examples of what can be
performed by adding a target expression to a dimension?
Prevent zeros from being loaded
Clear the target data for a dimension before loading.
Add a prefix to the members being loaded.
Provide values for a dimension that is missing in the data source. - CORRECT
ANSWES -- Add a prefix to the members being loaded.
Provide values for a dimension that is missing in the data source.
11. You need to write a rule in Calculation Manager using Essbase script that executes
on translated values, but runs before the system-defined CTA and foreign exchange
calculations. To which Calculation Manager insertion rule should you add the Essbase
script?
FCCS_30_After Opening Balance Carry Forward_Translated
FCCS_40_Final Calculations_Translated
FCCS_10_After Opening Balance Carry Forward_LocalCurrency
FCCS_25_Before FX_Calcs_Translated - CORRECT ANSWES -- FCCS_30_After
Opening Balance Carry Forward_Translated
12. ******* consolidation process. Which two conditions must be met for ***** during the
default consolidation process? (PICTURE CUT OFF)
*** shared entity
*** currency of the child Is different from the default currency of the parent.
To specify exchange rates, you must set up multiple currencies when creating an
application.
ANSWERS 100% GUARANTEED PASS
21. When cloning a Financial Consolidation and Close environment, which two
statements describe what happens when there is a mismatch between Essbase
versions in the source and target environments? (BLURRY PICTURE) - CORRECT
ANSWES -- If there is a mismatch between the Oracle Essbase version in the source
and target environment, the cloning process will upgrade the Essbase version in the
target environment to match that of the source environment. However, it will not
downgrade the Essbase version in the target environment to match that of the source.
For example, if the source is an EPM Enterprise Cloud Service environment with
Hybrid-enabled Essbase and the target is a legacy EPM Cloud environment with Non-
Hybrid Essbase, the clone process will upgrade the target environment to use Hybrid-
enabled Essbase.
1. Which components are prebuilt into Financial Consolidation and Close to provide a
configurable and scalable consolidation solution?
Calculations, dashboards, and reports built on planning frameworks to provide cash flow
planning
Pre-built integrations to combine narrative and data to produce both internal and
external reporting packages
Calculations, dashboards, and reports as well as detailed data source tracking and an
automated cash flow
Calculations, dashboards, and reports to provide analysis for cash flow modeling -
CORRECT ANSWES -- Calculations, dashboards, and reports as well as detailed
data source tracking and an automated cash flow
2. You can refresh the database on the Application page. You must refresh it whenever
you change the structure. Which action requires refreshing the database?
You edit the alias for a member in the Entity dimension.
You change the ownership percentage for an entity.
You edit the Consolidation Operator for a member in the Account dimension.
,You deploy a new Configurable Calculation rule in Calculation Manager. - CORRECT
ANSWES -- You edit the Consolidation Operator for a member in the Account
dimension.
3. You routinely create a backup snapshot file of application artifacts and data as part of
system maintenance. Which navigation path would you use to create a snapshot file to
back up a form?
Open the form, select Actions, and then Export.
From the Home page, select Tools, and then Clone Snapshot.
From the Navigator menu, select Forms.
From the Home page, select Tools, and then Migration. - CORRECT ANSWES --
From the Home page, select Tools, and then Migration.
4. You want to export Financial Consolidation and Close metadata to a file. What is the
fil type/file extension of data exports from Financial Consolidation and Close?
The data export format/file extension is always a ZIP file.
The data export format/file extension is always a DAT file.
The data export format/file extension is always a CSV file.
The data export format/file extension is always a XLS file. - CORRECT ANSWES --
The data export format/file extension is always a ZIP file.
5. As a Service Administrator with Write access to data, you want to copy data from a
source POV to a destination POV. Which two statements about the Copy Data function
are true?
You cannot select which Account members to copy.
You can copy data for historical rate and amount overrides.
You can select which Consolidation dimension member to copy.
When you select the Regular Data option, journal data is included. - CORRECT
ANSWES -- You can copy data for historical rate and amount overrides.
When you select the Regular Data option, journal data is included.
6. Which two are selections in the Workflow Option list on the Journals tab when
creating an Enterprise Journals template?
,No Workflow
Prepare
Prepare ---> Lock
Prepare ---> Approve
Prepare ---> Post - CORRECT ANSWES -- Prepare
Prepare ---> Post
7. Which statement about Opening Balance Override rules is true?
You can select which entities to include in the rule scope.
You can select which accounts to include in the rule scope.
They are available only if Intercompany Data with Tracking is enabled for business
process.
Opening Balance Override rules execute for the first period in the year only. -
CORRECT ANSWES -- Opening Balance Override rules execute for the first period in
the year only.
8. As an administrator, you have defined an approval unit hierarchy and started the
approval process. After the process is started, the approval unit moves from one
reviewer to another until the process is complete. The approval unit has the status
Under Review. Who can modify data for the approval unit?
Only the administrator
The current owner Any user with Write access to the dimension members in the
approval unit
The current owner, Service Administrator, or Power User
The current owner or Service Administrator - CORRECT ANSWES -- The current
owner or Service Administrator
9. You create and run integrations from the Data Integration page. Where can you set
the default member for the Currency dimension in a data integration?
Run Integration dialog box
Location Attributes in the Create Integration dialog box
, Map Members tab in the Create Integration dialog box
Options tab of the Application Details dialog box - CORRECT ANSWES -- Location
Attributes in the Create Integration dialog box
10. When creating a data integration, you can use target expressions to set default
values for dimensions or transform data as it is imported or exported. On the Map
Dimensions tab for a data integration, which two are examples of what can be
performed by adding a target expression to a dimension?
Prevent zeros from being loaded
Clear the target data for a dimension before loading.
Add a prefix to the members being loaded.
Provide values for a dimension that is missing in the data source. - CORRECT
ANSWES -- Add a prefix to the members being loaded.
Provide values for a dimension that is missing in the data source.
11. You need to write a rule in Calculation Manager using Essbase script that executes
on translated values, but runs before the system-defined CTA and foreign exchange
calculations. To which Calculation Manager insertion rule should you add the Essbase
script?
FCCS_30_After Opening Balance Carry Forward_Translated
FCCS_40_Final Calculations_Translated
FCCS_10_After Opening Balance Carry Forward_LocalCurrency
FCCS_25_Before FX_Calcs_Translated - CORRECT ANSWES -- FCCS_30_After
Opening Balance Carry Forward_Translated
12. ******* consolidation process. Which two conditions must be met for ***** during the
default consolidation process? (PICTURE CUT OFF)
*** shared entity
*** currency of the child Is different from the default currency of the parent.
To specify exchange rates, you must set up multiple currencies when creating an
application.
