Oracle FCCs Certification Exam (Latest Update) Questions and Verified Answers100 Correct Grade A.pdf

Oracle FCCS Certification Questions n n n


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1. Company 123 is a public company that reports in US Dollars. Company 12
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3 owns Company XYZ, a European company that consolidates in Euro. One
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of the Company XYZ's subsidiaries is Company IOU, headquartered in Switz
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erland with a functional currency of the Swiss Franc. Which process produc
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es USD balances for Company IOU?
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A. A translation to the USD_Reporting currency member for Company IOU
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B. A translation of Company IOU
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C. A consolidation of Company 123
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D. A consolidation of Company XYZ
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E. A translation of Company XYZ to Parent Currency: E. A translation of Com-
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pany XYZ to Parent Currency
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2. Which statement is correct regarding intercompany eliminations?
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A. Intercompany eliminations are generally required to remove the effect of tr n n n n n n n n n n


ansactions within the company n n n




B. Intercompany eliminations are required for sustainability reporting to show t n n n n n n n n n


he company's waste output.
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C. Intercompany eliminations are optional in FCCS and use one of the custom di n n n n n n n n n n n n


mensions when enabled. n n




D. Intercompany eliminations are needed when a company divests itself of a d n n n n n n n n n n n


ivision: A. Intercompany eliminations are generally required to remove the effect of t
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ransactions within the company n n n


3. What member of the Currency dimension is associated with the Entity Input m
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ember of the Consolidation dimension?
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A. Base Currency n




B. Parent Currency n




C. Local Currency n




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D. Entity Currency: D. Entity Currency
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4. Which statement is false regarding establishing security for Financial Con-
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solidation and Close (FCCS)?
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A. All members are accessible for dimensions with no security applied.
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B. The Identity Domain Administrator inherits full access privileges.
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C. Security is mandatory for one dimension. n n n n n




D. Security can be assigned at a parent level.
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E. Security can be disabled for any dimension.: A. All members are accessible fo
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r dimensions with no security applied.
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5. Which three fields must be defined when registering a file-
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based source system in Data Management? (Choose three.)
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A. Source Type n




B. Drill URL n




C. Cloud Type n




D. Description

E. Name: A. Source Type n n n




B. Drill URLn n




E. Name n


6. When a Financial Consolidation and Close (FCCS) application was created, n
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o intercompany options were enabled. Which statement is true?
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A. The FCCS_No Intercompany member of the ICP dimension will be used for al
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l data
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B. Data can be stored by intercompany partner but no eliminations will occur.
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C. An extra custom dimension will be available.
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D. The ICP dimension will be omitted.: D. The ICP dimension will be omitted.
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7. For which three tasks can Data Management be used? (Choose three.)
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A. loading data that is period-to-date or year-to-date
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B. drilling through from a web form or Smart View
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C. loading data from a fixed width or delimited text file
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D. writing back data to source systems
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E. loading a Metadata Import File: A. loading data that is period-to-
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date or year-to-date
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B. drilling through from a web form or Smart View
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C. loading data from a fixed width or delimited text file
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8. You are required to define a form that displays all form data for only specific Vi
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ew dimension member and not allow users to change this. Where on the form d
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o you define the View dimension and select the correct member?
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A. a column
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B. Other Options section n n




C. the Page Axis n n




D. the Point of View: D. the Point of View
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9. Which dimension includes the FCCS_Global Assumption member that is u
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sed to store currency information?
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A. Account

B. From Currency n




C. Entity


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D. Currency: C. Entity n n


10. Which two statements are correct with regard to Data Management loca-
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tions? (Choose two.)
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A. A company with three instances of Oracle EBS R12 should only use one lo
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cation to maintain proper accounting controls.
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B. Location security allows users to be provisioned in Shared Services for r
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ead or modify access to each location.
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C. Locations can share dimension member mappings by specifying a location a
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s a parent location of others.
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D. The logic account group is required in order to effect running of calculations af
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ter the data load. n n n




E. Locations must specify an import format, which may be used by other lo
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cations.

F. Data load rules can be shared across locations.: C. Locations can share dimen
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sion member mappings by specifying a location as a parent location of others.
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E. Locations must specify an import format, which may be used by other locations.
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11. Which three key requirements does the Financial Consolidation and Close C
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loud Service (FCCS) deliver to ensure a modern consolidation and close soluti
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on? (Choose three.) n n




A. Ensure security of sensitive data n n n n




B. Integrate with source systems. n n n




C. Provide predictive analysis and modeling n n n n




D. Provide a strong compliance framework that includes auditing and segre-
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gation of duties.: A. Ensure security of sensitive data
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B. Integrate with source systems.
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