1 | P a g e ORACLE FCCS CERTIFICATION EXAM 2024 ACTUAL EXAM COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+ 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 a djusts 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. 2 | P a g e D. January should be consolidated for the change and nothing needs to happen for February. - ....ANSWER...B. January and February should be consolidated. Which statement correctly describes the Consolidation dimension? A. The dimension conta ins members to store non -
controlling interest and joint venture data. B. The dimension uses a separate member to store data from an entity's descendants. C. The dimension allows users to see input versus journal adjustment data. D. The dimension aggrega tes input, consolidated, and elimination data together. - ....ANSWER...B. The dimension uses a separate member to store data from an entity's descendants. On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features? 3 | P a g e A. the third Friday of each month to apply to both TEST and PROD simultaneously B. the first and third Monday of each month; first Monday for TEST and third Monday for PROD C. the second and fourth Friday of each month; second Friday for Test and fourth Friday for PROD D. the first and third Friday of each month; first Friday for TEST and third Friday for PROD - ....ANSWER...D. the first and third Friday of each month; first Friday for TEST and third Friday for PROD Which compone nts are pre -built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution? A. pre -built integration to combine narrative and data to produce both internal and external reporting packages B. calcu lations, dashboards and reports to provide analysis for cash flow modeling 4 | P a g e C. calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow D. calculations, dashboards and reports built on planning frameworks to provide cash flow planning - ....ANSWER...C. calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow Which two members of the Consolidation dimension cause the standard foreign currency translation rules t o be ignored? (Choose two.) A. FCCS_Amount_Override B. FCCS_Rate Override C. FCCS_Contribution D. FCCS_Proportion E. FCCS_Elimination
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