Oracle FCCs Certification Exam (Latest
2024/ 2025 Update) Questions and Verified
Answers| 100% Correct | Grade A
Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ,
a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is
Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?
A. A translation to the USD_Reporting currency member 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 - ANSWER E. A translation of
Company XYZ to Parent Currency
Which statement is correct regarding intercompany eliminations?
,A. Intercompany eliminations are generally required to remove the effect of transactions within
the company
B. Intercompany eliminations are required for sustainability reporting to show the company's
waste output.
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 -
ANSWER A. Intercompany eliminations are generally required to remove the effect
of transactions within the company
What member of the Currency dimension is associated with the Entity Input member of the
Consolidation dimension?
A. Base Currency
B. Parent Currency
C. Local Currency
D. Entity Currency - ANSWER D. Entity Currency
,Which statement is false regarding establishing security for Financial Consolidation and Close
(FCCS)?
A. All members are accessible for dimensions with no security applied.
B. The Identity Domain Administrator inherits full access privileges.
C. Security is mandatory for one dimension.
D. Security can be assigned at a parent level.
E. Security can be disabled for any dimension. - ANSWER A. All members are
accessible for dimensions with no security applied.
Which three fields must be defined when registering a file-based source system in Data
Management? (Choose three.)
A. Source Type
B. Drill URL
C. Cloud Type
D. Description
E. Name - ANSWER A. Source Type
, B. Drill URL
E. Name
When a Financial Consolidation and Close (FCCS) application was created, no intercompany
options were enabled. Which statement is true?
A. The FCCS_No Intercompany member of the ICP dimension 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. - ANSWER D. The ICP dimension will be
omitted.
For which three tasks can Data Management be used? (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
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