FCCS Exam 2024-2025 Edition Questions & Correct Answers. Already Graded A+, Exams of Financial Management

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FCCS Exam 2024-2025 Edition

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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 transaction - ANSA. 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 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 - ANSB. FCCS_Proportion D. FCCS_Entity Consolidation E. FCCS_Entity Total F. FCCS_Contribution A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD. Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.) A. Common Stock must have an Exchange Rate Type set to Historical Rate Override. B. The subsidiary must have a balance not equal to zero in Common Stock. C. Common Stock must have a Data Storage property set to Never Share.

D. USD must be created as a reporting currency. E. The subsidiary must have a parent entity with a GBP currency. - ANSA. Common Stock must have an Exchange Rate Type set to Historical Rate Override. B. The subsidiary must have a balance not equal to zero in Common Stock. A company would like to capture Fixed Asset additions and disposals within the Movement dimension. Which three tasks are necessary to achieve this goal? (Choose three.) A. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals B. Add custom members for Additions and Disposals as dependents of FCCS_Mvmts_CapitalExpenditures. C. Load detailed Fixed Asset data to Movement members. D. Add custom Movement members to the FCCS_CashFlow hierarchy. E. Create a Roll Forward in the account dimension. - ANSA. Build a custom Movement member for Fixed Assets with dependent custom members for

Additions and Disposals D. Add custom Movement members to the FCCS_CashFlow hierarchy. C. Load detailed Fixed Asset data to Movement members. A new Sheet tab in Excel is copied from an existing tab that contains a Smart View query, but clicking Refresh does not refresh the data and the Smart View (Point of View) POV bar does not display. Which additional step is required to pull data in the new tab and change the POV? A. Disconnect from the Smart View connection, and relog in. B. Activate the Connection. C. Close out of Excel, and relog in to Smart View. D. Change one of the Row or Column dimension members and click Refresh. - ANSB. Activate the Connection. An entity's Common Stock balance is made up of data loaded through Data Management and an

adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month. What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.) A. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data. B. A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input. C. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input. D. Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input. - ANSA. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.

C. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input. An import format is being created for delimited general ledger flat file. The general ledger hasan account field and a sub-account field, both of which must be considered when mapping the account to the cloud EPM application account. The application does not have a separate dimension for the sub-account. Which two actions are correct? A)Use two target account dimension rows to combine the two fields together B)Modify the application design to include the sub-account as a custom dimension C)Use a script to concatenate the two fields together into the target account dimension D)Modify the file format coming from the general ledger to put the account and sub-account together in one field

E)Map the account field to the target account dimension and the sub- account field to an attribute dimension and then use a multi-dim mapping to map the combination to the account - ANSA)Use two target account dimension rows to combine the two fields together D)Modify the file format coming from the general ledger to put the account and sub-account together in one field By default, security access is set to "None" for which three dimensions? (Choose three.) A. Movement B. Data Source C. Account D. Entity E. Year - ANSB. Data Source C. Account D. Entity

Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report. Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.) A. FCCS_Accounts Payable account member B. FCCS_CashFlow_Operating movement member C. FCCS_CashFlow_Accounts Payable account member D. FCCS_Total Balance Sheet - Cash and NonCash account member E. FCCS_CashChange movement member - ANSC. FCCS_CashFlow_Accounts Payable account member D. FCCS_Total Balance Sheet - Cash and NonCash account member 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 - ANSA. A translation to the USD_Reporting currency member for Company IOU Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination? A. Consolidation, Currency, Account B. Currency, Account, Movement C. Entity, Consolidation, Currency D. Entity, Currency, Account - ANSB.Currency, Account, Movement Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?

A. Scenario, Account, Base Entity and Parent Entity B. Year, Scenario, Base Entity and Account C. Scenario, View, Parent Entity and Account D. Period, Scenario, Base Entity and Parent Entity - ANSD. Period, Scenario, Base Entity and Parent Entity For data loads rules in Data Management, which two statements are FALSE? A)Valid load types are Merge and Replace B)Data load rules cannot be shared across locations C)End users can upload a file when running a data load rule D)A job must first run to import the data file before the user can run the data load rule E)If specified, the import format will be used; if not, then the location's format will be use - ANSA)Valid load types are Merge and Replace D)A job must first run to import the data file before the user can run the data load rule

For which action is the EPMAutomate "uploadfile" file used? A)Import metadata from the source system only B)Upload a snapshot to an FCCS environment C)Export data to both production and test environments D)Export metadata from the source system - ANSB) Upload a snapshot to an FCCS environment 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 - ANSA. 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 How can Metadata be imported into any Financial Consolidation and Close (FCCS) application? A. by selecting Application, then Overview, then Dimensions, and then Export B. by selecting Dimension, then Import, and then Metadata C. by selecting Application, then Overview, then Dimensions, and then Import D. by selecting Tasks, then Metadata, and then Import - ANSC. by selecting Application, then Overview, then Dimensions, and then Import How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application? A. Enable a dimension for Currency after application creation via a Metadata load.

B. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension. C. During application creation, select the Multicurrency option of "Yes". D. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field. - ANSC. During application creation, select the Multicurrency option of "Yes". 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. Droll-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. - ANSB. Droll-back is available from any Multi-source dimension member by default, know the source of the origination data load. If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias? A. The Intercompany Alias is set to the Entity Name. B. The Intercompany Alias is automatically changed to the new Entity Alias. C. The Intercompany Alias is not automatically changed to the new Entity Alias. D. The Intercompany Alias is automatically set to the Intercompany Name.

• ANSC. The Intercompany Alias is not automatically changed to the new Entity Alias. If the Common Stock of an entity is translating at an historical rate from prior year, what occurs if there is current period activity and no rate specified for the current activity?

A)The new Common Stock balance will remain at the same translated rate as the prior period B)The Common Stock current activity will translate at the historical rate in place from the prior year C)The Common Stock current activity will translate at the current Ending Rate D)The Common Stock current activity will translate at the current Average Rate - ANSD)The Common Stock current activity will translate at the current Average Rate If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs? A. The alias of the associated Intercompany member is automatically updated. B. The associated Intercompany member must be manually removed. C. The associated Intercompany member is automatically removed.

D. The alias of the associated Intercompany member must be manually changed. - ANSB. The associated Intercompany member must be manually removed. In Data Management, what is the purpose of Source Mapping? A)Defining the close calendar periods B)Managing source periods in relation to global periods C)Mapping local dimension members to the application dimension members D)Defining the input currency for each data source supplying data to the application E)Overriding the global period mapping with specific period labels unique to the data source - ANSB)Managing source periods in relation to global periods In data sets, why might an attribute NOT be able to be used in a workflow? A)Metadata is not set up correctly B)Key Identifier On is not selected

C)You can only assign a workflow if the account is a balance sheet type D)The Entity selection is not in your data set - ANSB)Key Identifier On is not selected 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 - ANSA. when the tasks are repeatable over multiple close cycles In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency? A. Movement of FX impact for historical rate accounts to the FCCS_CTA account

B. A variance in the Average rate and the Ending rate C. The current FCCS_CTA account balance does not change from the prior period D. The account is FCCS_Net Income - ANSA. Movement of FX impact for historical rate accounts to the FCCS_CTA account D. The account is FCCS_Net Income In which two scenarios will the system copy balances to the Reporting Currency? A)Parent Currency matches Reporting Currency B)Entity Currency matches Parent Currency C)Entity Currency matches Reporting Currency D)The Reporting Currency is the triangulation currency - ANSA)Parent Currency matches Reporting Currency C)Entity Currency matches Reporting Currency On what days during the month does Oracle apply patch updates to fix bugs, apply code

optimizations, and add new features? 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 - ANSD. the first and third Friday of each month; first Friday for TEST and third Friday for PROD 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

D. January should be consolidated for the change and nothing needs to happen for February. - ANSB. January and February should be consolidated. PQR Hickory H1 H2 Paducah P_1 P_2 PQR Company has the ownership structure shown above. If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called? A. First common parent B. Generation 0 C. First order relation D. Lowest common denominator - ANSA. First common parent

PQR Hickory H1 H2 Paducah P_1 P_2 PQR Company has the ownership structure shown above. If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance? A. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany B. Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1 C. Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1 D. Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1 - ANSD. Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1

The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting. To define a Close Manager task template to monitor all seven days, which range should you define? A. Day -3 to Day 4 B. Day -3 to Day 3 C. Day 1 to Day 7 D. Day -2 to Day 4 - ANSB. Day -3 to Day 3 Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have acco unt receivables in the amounts of 10, 20, and 30, respectively. Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60? A. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.

B. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo. C. P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q. D. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q. - ANSB. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo. To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required? A. Metadata Administrator B. Metadata Supervisor C. System Administrator D. Power User - ANSC. System Administrator

To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection? A. Intercompany Accounts B. Intercompany Partners C. Intercompany Plug Accounts D. Elimination Consolidation Dimension member - ANSC. Intercompany Plug Accounts To which four applications can EPMAutomate be used to import data? A)PBCS B)FCCS C)TRCS D)ARCS E)EPBCS F)PCMCS - ANSA)PBCS