Oracle FCCS Certification Questions |
100% Correct Answers | Verified | Latest
2024 Version
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 - ✔✔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 - ✔✔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 - ✔✔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. - ✔✔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 - ✔✔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. - ✔✔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
, 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 - ✔✔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
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 - ✔✔D. the Point of View
Which dimension includes the FCCS_Global Assumption member that is used to store currency
information?
A. Account
100% Correct Answers | Verified | Latest
2024 Version
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 - ✔✔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 - ✔✔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 - ✔✔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. - ✔✔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 - ✔✔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. - ✔✔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
, 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 - ✔✔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
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 - ✔✔D. the Point of View
Which dimension includes the FCCS_Global Assumption member that is used to store currency
information?
A. Account
