FCCS CERT EXAM Questions with
100% Correct ANSWERS Latest
Versions 2025 GRADED A+
What is the primary function of enabling the Track Intercompany Elimination
option during the application creation? - ANSWER process will separate total
elimination values by Data Source.
A client company has expanded quickly in the past year and has recognized the
need to move their financial team off spreadsheets and to a more verifiable and
automated solution. Which two requirements from this team would Oracle's
Financial Consolidation and Close Cloud Service satisfy? - ANSWER robust
consolidation engine that provides automated aggregations, intercompany
eliminations and translations without requiring a strong IT footprint
a configurable reporting solution with prebuilt dimensions, KPIs, reports along
with a process to adjust data, monitor the close status and view data and
compliance results in dashboards
Which solution is delivered by the Financial Consolidation and Close Cloud
Service? - ANSWER an automated and integrated solution to manage the
financial consolidation month-end close process
Which financial close related component requires a separate subscription and is
not included in the Financial Consolidation and Close Cloud suite subscription?
- ANSWER Account Reconciliation Management
Which components are pre-built into Financial Consolidation and Close Cloud
Service to provide a configurable and scalable consolidation solution? -
, ANSWER calculations, dashboards and reports as well as detailed data source
tracking and an automated cash flow
Financial Consolidation and Close Cloud Service (FCCS) provides a
consolidation path through which dimension combination? - ANSWER
Consolidation, Currency, Account
What is the recommended step a Financial Consolidation and Close Cloud
administrator should take to facilitate the backup process? - ANSWER Identify
a one-hour window convenient to users, then use the Tools, Daily Maintenance
window to identify that time for Oracle to run their backup process.
On what days during the month does Oracle apply patch updates to fix bugs,
apply code optimizations, and add new features? - ANSWER the first and third
Friday of each month; first Friday for TEST and third Friday for PROD
For which three tasks can Data Management be used? - ANSWER loading
data from a fixed width or delimited text file
drilling through from a web form or Smart View
loading data that is period-to-date or year-to-date
Which task CANNOT be completed by using Data Management? - ANSWER
Load journal data to Financial Consolidation and Close (FCCS)
Which three fields must be defined when registering a file-based source system
in Data Management? - ANSWER Name
Description
Drill URL
For which three levels can Profiles be set in Data Management? - ANSWER
User
System
Application
In Data Management, what is the purpose of Source Mapping? - ANSWER
managing source periods in relation to global periods
Which two statements are correct with regard to Data Management locations? -
ANSWER Locations must specify an import format, which may be used by
other locations.
, Locations can share dimension member mappings by specifying a location as a
parent location of others.
Which statement is true regarding Data Management categories? - ANSWER
Application mapping is not required if the global mapping target category is
exactly correct.
When creating a member mapping for account Sales in Data Management, the
following script is entered. UD5 refers to a Product custom dimension: WHEN
UD5 LIKE `CAR_%` THEN `AUTO_SALES`ELSE `SALES` Which
statement is True? - ANSWER The script will work if the script is referenced
in the In mapping type with #SQL as the target.
For data load rules in Data Management, which two statements are FALSE? -
ANSWER Valid load types are Merge and Replace.
A job must first run to import the data file before the user can run the data load
rule.
When defining a batch in Data Management, which statement is True? -
ANSWER Batches can execute data loads for multiple locations.
Which method will run a batch in Data Management? - ANSWER Schedule a
batch to run on a daily basis.
When can the Intercompany Dimension be enabled and made visible within
your application? - ANSWER during application creation and selecting the
Intercompany Data feature option
When creating an application in Financial Consolidation and Close (FCCS),
what Time Periods sections can be made? - ANSWER 12-month and 13-
month
When can the Multi-GAAP dimension can be enabled? - ANSWER During
application creation by selecting the Multi-GAAP feature
100% Correct ANSWERS Latest
Versions 2025 GRADED A+
What is the primary function of enabling the Track Intercompany Elimination
option during the application creation? - ANSWER process will separate total
elimination values by Data Source.
A client company has expanded quickly in the past year and has recognized the
need to move their financial team off spreadsheets and to a more verifiable and
automated solution. Which two requirements from this team would Oracle's
Financial Consolidation and Close Cloud Service satisfy? - ANSWER robust
consolidation engine that provides automated aggregations, intercompany
eliminations and translations without requiring a strong IT footprint
a configurable reporting solution with prebuilt dimensions, KPIs, reports along
with a process to adjust data, monitor the close status and view data and
compliance results in dashboards
Which solution is delivered by the Financial Consolidation and Close Cloud
Service? - ANSWER an automated and integrated solution to manage the
financial consolidation month-end close process
Which financial close related component requires a separate subscription and is
not included in the Financial Consolidation and Close Cloud suite subscription?
- ANSWER Account Reconciliation Management
Which components are pre-built into Financial Consolidation and Close Cloud
Service to provide a configurable and scalable consolidation solution? -
, ANSWER calculations, dashboards and reports as well as detailed data source
tracking and an automated cash flow
Financial Consolidation and Close Cloud Service (FCCS) provides a
consolidation path through which dimension combination? - ANSWER
Consolidation, Currency, Account
What is the recommended step a Financial Consolidation and Close Cloud
administrator should take to facilitate the backup process? - ANSWER Identify
a one-hour window convenient to users, then use the Tools, Daily Maintenance
window to identify that time for Oracle to run their backup process.
On what days during the month does Oracle apply patch updates to fix bugs,
apply code optimizations, and add new features? - ANSWER the first and third
Friday of each month; first Friday for TEST and third Friday for PROD
For which three tasks can Data Management be used? - ANSWER loading
data from a fixed width or delimited text file
drilling through from a web form or Smart View
loading data that is period-to-date or year-to-date
Which task CANNOT be completed by using Data Management? - ANSWER
Load journal data to Financial Consolidation and Close (FCCS)
Which three fields must be defined when registering a file-based source system
in Data Management? - ANSWER Name
Description
Drill URL
For which three levels can Profiles be set in Data Management? - ANSWER
User
System
Application
In Data Management, what is the purpose of Source Mapping? - ANSWER
managing source periods in relation to global periods
Which two statements are correct with regard to Data Management locations? -
ANSWER Locations must specify an import format, which may be used by
other locations.
, Locations can share dimension member mappings by specifying a location as a
parent location of others.
Which statement is true regarding Data Management categories? - ANSWER
Application mapping is not required if the global mapping target category is
exactly correct.
When creating a member mapping for account Sales in Data Management, the
following script is entered. UD5 refers to a Product custom dimension: WHEN
UD5 LIKE `CAR_%` THEN `AUTO_SALES`ELSE `SALES` Which
statement is True? - ANSWER The script will work if the script is referenced
in the In mapping type with #SQL as the target.
For data load rules in Data Management, which two statements are FALSE? -
ANSWER Valid load types are Merge and Replace.
A job must first run to import the data file before the user can run the data load
rule.
When defining a batch in Data Management, which statement is True? -
ANSWER Batches can execute data loads for multiple locations.
Which method will run a batch in Data Management? - ANSWER Schedule a
batch to run on a daily basis.
When can the Intercompany Dimension be enabled and made visible within
your application? - ANSWER during application creation and selecting the
Intercompany Data feature option
When creating an application in Financial Consolidation and Close (FCCS),
what Time Periods sections can be made? - ANSWER 12-month and 13-
month
When can the Multi-GAAP dimension can be enabled? - ANSWER During
application creation by selecting the Multi-GAAP feature
