Oracle FCCS Certification Questions And Answers 2023-2024

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Oracle FCCS Certification Questions And Answers 2023-2024 Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. On... e 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 - ANS-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 - ANS-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 - ANS-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. - ANS-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 - ANS-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. - ANS-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 D. writing back data to source systems E. loading a Metadata Import File - ANS-A. loading data that is period-to-date or yearto-date B. drilling through from a web form or Smart View C. loading data from a fixed width or delimited text file You are required to define a form that displays all form 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 - ANS-D. the Point of View Which dimension includes the FCCS_Global Assumption member that is used to store currency information? A. Account B. From Currency C. Entity D. Currency - ANS-C. Entity Which two statements are correct with regard to Data Management locations? (Choose two.) A. A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting 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. - ANS-C. Locations can share dimension member mappings by specifying a location as a parent location of others. E. Locations must specify an import format, which may be used by other locations. Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.) A. Ensure security of sensitive data B. Integrate with source systems. C. Provide predictive analysis and modeling D. Provide a strong compliance framework that includes auditing and segregation of duties. - ANS-A. Ensure security of sensitive data B. Integrate with source systems. D. Provide a strong compliance framework that includes auditing and segregation of duties. When designing a report in Financial Reporting Studio, which two items are NOT an insert-able report object? [Show More]

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