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FCCS Practice Exam Q and A
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FCCS Practice Exam Q and A1. In Financial Close Manager, when would you choose to define tasks in a
Template rather than create a new Schedule each month?
A. when the tasks are repeatable over multiple close cycles
B. when the tasks require consistent definition across close schedules
C. when the tasks are often late in completion and they need to be
monitored more closely
D. when the tasks require multiple levels of approvers - -A. when the tasks
are repeatable over multiple close cycles
-2. Which two data extract export file types are available within Financial
Consolidation and Close (FCCS)?
(Choose two.)
A. DAT file type
B. Excel XLS file type
C. Comma delimited
D. Tab delimited - -C. Comma delimited
D. Tab delimited
-3. 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?
A. The script can be eliminated by using a multi-dim map on the Product
dimension that also looks for the account Sales.
B. The script will work if the script is referenced in the In mapping type with
#SQL as the target.
C. The script will not work since Data Management does not support
scripting.
D. The script will not work since the UD5 member referenced does not start
with FCCS_
E. The script will work if the script is referenced in the Explicit mapping type
with #SQL as the target. - -A. The script can be eliminated by using a multi-
dim map on the Product dimension that also looks for the account Sales.
-4. 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 adjusts 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.
D. January should be consolidated for the change and nothing needs to
happen for February. - -B. January and February should be consolidated.
-5. Which statement correctly describes the Consolidation dimension?
A. The dimension contains 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 aggregates input, consolidated, and elimination data
together. - -D. The dimension aggregates input, consolidated, and
elimination data together.
-6. Which statement is true regarding Data Management categories?
A. Categories are defined on the Global Mapping tab and then the frequency
is specified on the Application Mapping tab
B. Categories must begin with FCCS_ to match their Financial Consolidation
and Close counterparts.
C. Application mapping is not required if the global mapping target category
is exactly correct.
D. The category's time frequency allows data to be loaded to daily, weekly,
and monthly scenarios. - -C. Application mapping is not required if the global
mapping target category is exactly correct.
-7. 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? (Choose two.)
A. robust consolidation engine that provides automated aggregations,
intercompany eliminations and translations without requiring a strong IT
footprint
B. dashboard reporting with daily revenue comparisons and KPI's that
measure cost controls
C. leverage compliance efforts to fix process issues across all businesses and
provide oversight for risk awareness
, D. a configurable reporting solution with prebuild dimensions, KPIs, reports
along with a process to adjust data, monitor the close status and view data
and compliance results in dashboards
E. provide the ability to collaborate during close and analyse transac - -A.
robust consolidation engine that provides automated aggregations,
intercompany eliminations and translations without requiring a strong IT
footprint
D. a configurable reporting solution with prebuild dimensions, KPIs, reports
along with a process to adjust data, monitor the close status and view data
and compliance results in dashboards
-8. How is drill-back enabled to Supplemental Data Manager (SDM) from the
Supplemental Data member within the Multi-source dimension?
A. Drill-back to SDM is not an available feature.
B. Drill-back is available from any Multi-source dimension member by
default, know the source of the origination data load.
C. By selecting Track Multi-source Data Input option for Supplemental Data
during the application creation process.
D. By selecting Track Multi-source Data Input option for Other Data during
the application creation process. - -B. Drill-back is available from any Multi-
source dimension member by default, know the source of the origination
data load.
-9. When you set the Intercompany Account Attribute Value to Yes, which
additional attribute must also be set?
A. Plug Account
B. Intercompany Account
C. Is Plug Account
D. Intercompany Entity - -A. Plug Account
-10. A company has two subsidiaries with 1000 EURO each in the Cash
account.
Which four Consolidation Members will reflect 2000 EURO at the company's
balance? (Choose four.)
A. FCCS_Elimination
B. FCCS_Proportion
C. FCCS_Entity Input
D. FCCS_Entity Consolidation
E. FCCS_Entity Total
F. FCCS_Contribution - -B. FCCS_Proportion
D. FCCS_Entity Consolidation
E. FCCS_Entity Total
F. FCCS_Contribution
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