FCCS Exam
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1. Company 123 is a public company that reports in US A
Dollars. Company 123 owns Company XYZ, a Euro-
pean company that consolidates in Euro. One of the
Company XYZ's subsidiaries is Company IOU, head-
quartered in Switzerland with a functional currency
of the Swiss Franc. Which process produces USD bal-
ances for Company IOU?
A. A translation to the USD_Reporting currency mem-
ber 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
2. Which statement is correct regarding intercompany A
eliminations?
A. Intercompany eliminations are generally required
to remove the effect of transactions within the com-
pany
B. Intercompany eliminations are required for sustain-
ability reporting to show the company's waste out-
put.
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
3. What member of the Currency dimension is associat- D
ed with the Entity Input member of the Consolidation
dimension?
, FCCS Exam
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A. Base Currency
B. Parent Currency
C. Local Currency
D. Entity Currency
4. Which statement is false regarding establishing secu- B
rity for Financial Consolidation and Close (FCCS)?
A. All members are accessible for dimensions with no
security applied.
B. The Identity Domain Administrator inherits full ac-
cess privileges.
C. Security is mandatory for one dimension.
D. Security can be assigned at a parent level or mem-
ber level
E. Security can be disabled for any dimension.
5. Which two fields must be defined when registering A, E
a file-based source system in Data Management?
(Choose two)
A. Source Type
B. Drill URL
C. Cloud Type
D. Description
E. Name
6. When a Financial Consolidation and Close (FCCS) ap- D
plication was created, no intercompany options were
enabled. Which statement is true?
A. The FCCS_No Intercompany member of the ICP di-
, FCCS Exam
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mension 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.
7. For which three tasks can Data Management be used? A, B, C
(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
8. You are required to define a form that displays all form D
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
9. Which dimension includes the FCCS_Global Assump- C
tion member that is used to store currency informa-
tion?
A. Account
B. From Currency
, FCCS Exam
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C. Entity
D. Currency
10. Which two statements are correct with regard to Data C, E
Management locations? (Choose two.)
A. A company with three instances of Oracle EBS R12
should only use one location to maintain proper ac-
counting controls.
B. Location security allows users to be provisioned
in Shared Services for read or modify access to each
location.
C. Locations can share dimension member mappings
by specifying a location as a parent location of others.
D. The logic account group is required in order to
effect running of calculations after the data load.
E. Locations must specify an import format, which
may be used by other locations.
F. Data load rules can be shared across locations.
11. Which three key requirements does the Financial Con- A, B, D
solidation and Close Cloud Service (FCCS) deliver to
ensure a modern consolidation and close solution?
A. Ensure security of sensitive data
B. Integrate with source systems.
C. Provide predictive analysis and modeling
D. Provide a strong compliance framework that in-
cludes auditing and segregation of duties.
12. When designing a report in Financial Reporting Stu- D
dio, which item is NOT an insert-able report object?
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1. Company 123 is a public company that reports in US A
Dollars. Company 123 owns Company XYZ, a Euro-
pean company that consolidates in Euro. One of the
Company XYZ's subsidiaries is Company IOU, head-
quartered in Switzerland with a functional currency
of the Swiss Franc. Which process produces USD bal-
ances for Company IOU?
A. A translation to the USD_Reporting currency mem-
ber 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
2. Which statement is correct regarding intercompany A
eliminations?
A. Intercompany eliminations are generally required
to remove the effect of transactions within the com-
pany
B. Intercompany eliminations are required for sustain-
ability reporting to show the company's waste out-
put.
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
3. What member of the Currency dimension is associat- D
ed with the Entity Input member of the Consolidation
dimension?
, FCCS Exam
Study online at https://quizlet.com/_c1qghe
A. Base Currency
B. Parent Currency
C. Local Currency
D. Entity Currency
4. Which statement is false regarding establishing secu- B
rity for Financial Consolidation and Close (FCCS)?
A. All members are accessible for dimensions with no
security applied.
B. The Identity Domain Administrator inherits full ac-
cess privileges.
C. Security is mandatory for one dimension.
D. Security can be assigned at a parent level or mem-
ber level
E. Security can be disabled for any dimension.
5. Which two fields must be defined when registering A, E
a file-based source system in Data Management?
(Choose two)
A. Source Type
B. Drill URL
C. Cloud Type
D. Description
E. Name
6. When a Financial Consolidation and Close (FCCS) ap- D
plication was created, no intercompany options were
enabled. Which statement is true?
A. The FCCS_No Intercompany member of the ICP di-
, FCCS Exam
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mension 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.
7. For which three tasks can Data Management be used? A, B, C
(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
8. You are required to define a form that displays all form D
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
9. Which dimension includes the FCCS_Global Assump- C
tion member that is used to store currency informa-
tion?
A. Account
B. From Currency
, FCCS Exam
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C. Entity
D. Currency
10. Which two statements are correct with regard to Data C, E
Management locations? (Choose two.)
A. A company with three instances of Oracle EBS R12
should only use one location to maintain proper ac-
counting controls.
B. Location security allows users to be provisioned
in Shared Services for read or modify access to each
location.
C. Locations can share dimension member mappings
by specifying a location as a parent location of others.
D. The logic account group is required in order to
effect running of calculations after the data load.
E. Locations must specify an import format, which
may be used by other locations.
F. Data load rules can be shared across locations.
11. Which three key requirements does the Financial Con- A, B, D
solidation and Close Cloud Service (FCCS) deliver to
ensure a modern consolidation and close solution?
A. Ensure security of sensitive data
B. Integrate with source systems.
C. Provide predictive analysis and modeling
D. Provide a strong compliance framework that in-
cludes auditing and segregation of duties.
12. When designing a report in Financial Reporting Stu- D
dio, which item is NOT an insert-able report object?
