Oracle FCCs Certification Exams (Latest 2024/
2025 Updates STUDY BUNDLE PACKAGE)
Questions and Verified Answers| 100% Correct |
Grade A
Which two members of the Consolidation dimension cause the standard foreign
currency translation rules to be ignored? (Choose two)
A. FCCS_Amount_Override
B. FCCS_Rate Override
C. FCCS_Contribution
D. FCCS_Proportion
E. FCCS_Elimination
F. FCCS_Translation - ANSWERFCCS_Rate Override
FCCS_Elimination
Which four sample ratios can be created during the application creation process?
(Choose four)
A. Inventory Ratios
B. Contribution Margin
C. Debt Ratio
D. Earnings per Share
E. Days Sales in Receivables
F. Gross Margin - ANSWERInventory Ratios
Debt Ratio
Days Sales in Receivables
Gross Margin
When can the Intercompany Dimension be enabled and n=made visible within your
application?
A. during application creation and selection Muti-source Data Input of Other Data
,B. after application creation by selecting any Entity as IC_Entity_Yes for the
Intercompany Entity attribute
C. After application creation by selecting any Account as IC_Acc_Yes for the
Intercompany Account attribute
D. During application creation and selecting the Intercompany Data feature option -
ANSWERDuring application creation and selecting the Intercompany Data feature
option
Which three tasks can users perform on FCC data with Smart View in Excel? (Choose
three)
A. Submit Data
B. Adjust data with journals
C. Retrieve data
D. Run a rule such as Consolidate or Translate - ANSWERSubmit data
Retrieve Data
Run a rule such as Consolidate or Translate
If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what
happens
to the corresponding Intercompany member Alias?
A. The Intercompany Alias is set to the Entity Name.
B. The Intercompany Alias is automatically changed to the new Entity Alias.
C. The Intercompany Alias is not automatically changed to the new Entity Alias.
D. The Intercompany Alias is automatically set to the Intercompany Name. -
ANSWERThe Intercompany Alias is automatically changed to the new Entity Alias
Which three fields must be defined when registering a file-based source system in
Data Management? (Choose three)
A. Source Type
B. Drill Type
C. Cloud Type
D. Description
,E. Name - ANSWERSource Type
Description
Name
Which is NOT a member of the Data Source Dimension created by FCCS?
A. FCCS_No Data Source
B. FCCS_Data Input
C. FCCS_SystemTypes
D. FCCS_Proportion - ANSWERFCCS_Proportion
How is drill-back enabled to Supplemental Data Manager (SDM) from the
Supplemental Data
member within the Multi-source dimension?
A. Drill-back to SDM is not an available feature.
B. Droll-back is available from any Multi-source dimension member by default, know
the source of
the origination data load.
C. By selecting Track Multi-source Data Input option for Supplemental Data during
the application
creation process.
D. By selecting Track Multi-source Data Input option for Other Data during the
application creation
process. - ANSWERDrill-back is available from any Multi-source dimension member
by default, know the source of the origination data load
P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity
has cash in
the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and
has cash of 60. A
prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?
A. There is no way to do a prior period entry like this.
B. January and February should be consolidated.
C. February should be consolidated, after which the cash at AceCo is now 65.
, D. January should be consolidated for the change and nothing needs to happen for
February. - ANSWERJanuary and February should be consolidated.
Financial Consolidation Close Cloud maintains the status calculation for which
combination of dimensions?
A. Scenario, Account, Base Entity and Parent Entity
B. Year, Scenario, Base Entity and Account
C. Scenario, View, Parent Entity and Account
D. Period, Scenario, Base Entity and Parent Entity - ANSWERPeriod, Scenario, Base
Entity and Parent Entity
Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account
receivables in the amounts of 10, 20, and 30, respectively. Which statement contains
conditions for all three entities that would cause the account receivable balance
amount at AceCo not to be 60?
A. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an
intercompany receivable balance with another division that is not a descendant of
AceCo.
B. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an
intercompany receivable balance with another division that is not a descendant of
AceCo.
C. P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as
an intercompany receivable balance with Q.
D. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as
an intercompany receivable balance with Q. - ANSWERP has the same currency as
AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable
balance with another division that is not a descendant of AceCo.
Which statement correctly describes when a consolidation can occur within a given
year/scenario?
A. An administrator runs Force Consolidate to force the consolidation of all entities
regardless of status or content
B. The current period consolidation status is Impacted and the remaining periods are
OK
C. A user has a power user access but only write access to the entity
2025 Updates STUDY BUNDLE PACKAGE)
Questions and Verified Answers| 100% Correct |
Grade A
Which two members of the Consolidation dimension cause the standard foreign
currency translation rules to be ignored? (Choose two)
A. FCCS_Amount_Override
B. FCCS_Rate Override
C. FCCS_Contribution
D. FCCS_Proportion
E. FCCS_Elimination
F. FCCS_Translation - ANSWERFCCS_Rate Override
FCCS_Elimination
Which four sample ratios can be created during the application creation process?
(Choose four)
A. Inventory Ratios
B. Contribution Margin
C. Debt Ratio
D. Earnings per Share
E. Days Sales in Receivables
F. Gross Margin - ANSWERInventory Ratios
Debt Ratio
Days Sales in Receivables
Gross Margin
When can the Intercompany Dimension be enabled and n=made visible within your
application?
A. during application creation and selection Muti-source Data Input of Other Data
,B. after application creation by selecting any Entity as IC_Entity_Yes for the
Intercompany Entity attribute
C. After application creation by selecting any Account as IC_Acc_Yes for the
Intercompany Account attribute
D. During application creation and selecting the Intercompany Data feature option -
ANSWERDuring application creation and selecting the Intercompany Data feature
option
Which three tasks can users perform on FCC data with Smart View in Excel? (Choose
three)
A. Submit Data
B. Adjust data with journals
C. Retrieve data
D. Run a rule such as Consolidate or Translate - ANSWERSubmit data
Retrieve Data
Run a rule such as Consolidate or Translate
If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what
happens
to the corresponding Intercompany member Alias?
A. The Intercompany Alias is set to the Entity Name.
B. The Intercompany Alias is automatically changed to the new Entity Alias.
C. The Intercompany Alias is not automatically changed to the new Entity Alias.
D. The Intercompany Alias is automatically set to the Intercompany Name. -
ANSWERThe Intercompany Alias is automatically changed to the new Entity Alias
Which three fields must be defined when registering a file-based source system in
Data Management? (Choose three)
A. Source Type
B. Drill Type
C. Cloud Type
D. Description
,E. Name - ANSWERSource Type
Description
Name
Which is NOT a member of the Data Source Dimension created by FCCS?
A. FCCS_No Data Source
B. FCCS_Data Input
C. FCCS_SystemTypes
D. FCCS_Proportion - ANSWERFCCS_Proportion
How is drill-back enabled to Supplemental Data Manager (SDM) from the
Supplemental Data
member within the Multi-source dimension?
A. Drill-back to SDM is not an available feature.
B. Droll-back is available from any Multi-source dimension member by default, know
the source of
the origination data load.
C. By selecting Track Multi-source Data Input option for Supplemental Data during
the application
creation process.
D. By selecting Track Multi-source Data Input option for Other Data during the
application creation
process. - ANSWERDrill-back is available from any Multi-source dimension member
by default, know the source of the origination data load
P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity
has cash in
the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and
has cash of 60. A
prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?
A. There is no way to do a prior period entry like this.
B. January and February should be consolidated.
C. February should be consolidated, after which the cash at AceCo is now 65.
, D. January should be consolidated for the change and nothing needs to happen for
February. - ANSWERJanuary and February should be consolidated.
Financial Consolidation Close Cloud maintains the status calculation for which
combination of dimensions?
A. Scenario, Account, Base Entity and Parent Entity
B. Year, Scenario, Base Entity and Account
C. Scenario, View, Parent Entity and Account
D. Period, Scenario, Base Entity and Parent Entity - ANSWERPeriod, Scenario, Base
Entity and Parent Entity
Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account
receivables in the amounts of 10, 20, and 30, respectively. Which statement contains
conditions for all three entities that would cause the account receivable balance
amount at AceCo not to be 60?
A. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an
intercompany receivable balance with another division that is not a descendant of
AceCo.
B. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an
intercompany receivable balance with another division that is not a descendant of
AceCo.
C. P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as
an intercompany receivable balance with Q.
D. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as
an intercompany receivable balance with Q. - ANSWERP has the same currency as
AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable
balance with another division that is not a descendant of AceCo.
Which statement correctly describes when a consolidation can occur within a given
year/scenario?
A. An administrator runs Force Consolidate to force the consolidation of all entities
regardless of status or content
B. The current period consolidation status is Impacted and the remaining periods are
OK
C. A user has a power user access but only write access to the entity
