FCCS Exam Questions and Answers: Financial Consolidation and Close, Exams of Advanced Education

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InTFinancialTCloseTManager,TwhenTwouldTyouTchooseTtoTdefineTtasksTin TaTTemplateTratherTthan createTaTnewTScheduleTeachTmonth? A.TwhenTtheTtasksTareTrepeatableToverTmultipleTcloseTcycles B.TwhenTtheTtasksTrequireTconsistentTdefinitionTacrossTcloseTschedules C.TwhenTtheTtasksTareToftenTlateTinTcompletionTandTtheyTneedTtoTbeTm onitoredTmoreTclosely D.TwhenTtheTtasksTrequireTmultipleTlevelsTofTapproversT- TCorrectTAnswer- A.TwhenTtheTtasksTareTrepeatableToverTmultipleTcloseTcycles WhichTroleTcanTtheT"ApprovalsTSupervisor"Tperform? A)TheyTcanTstartTandTstopTaTplanningTunit

B)TheyTcanTstartTandTstopTaTplanningTunitTandTtakeTanyTactionTonTaTpla nningTunit C)TheyTcanTstartTbutTnotTstopTaTplanningTunit D)TheyTcannotTstopTorTstartTaTplanningTunitTbutTcanTonlyTgiveTapproval T-TCorrectTAnswer- B)TTheyTcanTstartTandTstopTaTplanningTunitTandTtakeTanyTactionTonTaTpl anningTunit WhichTtwoTdataTextractTexportTfileTtypesTareTavailableTwithinTFinancia lTConsolidationTandTClose (FCCS)?T(ChooseTtwo.) A.TDATTfileTtype B.TExcelTXLSTfileTtype C.TCommaTdelimited D.TTabTdelimitedT-TCorrectTAnswer-C.TCommaTdelimited D.TTabTdelimited

B.TTheTscriptTwillTworkTifTtheTscriptTisTreferencedTinTtheTInTmappingTtyp eTwithT#SQLTasTtheTtarget. P,TQ,TandTRTareTchildrenTofTaTmid- levelTparentTentity,TAceCo.TInTFebruaryTeachTentityThasTcashTin theTamountsTofT10,T20,TandT30,Trespectively,TandTAceCoThasTbeenTcons olidatedTandThasTcashTofT60.TA priorTperiodTadjustmentTtoTQTadjustsTcashTwithTaTdebitTofT5. WhichTstatementTregardingTconsolidationTisTcorrect? A.TThereTisTnoTwayTtoTdoTaTpriorTperiodTentryTlikeTthis. B.TJanuaryTandTFebruaryTshouldTbeTconsolidated. C.TFebruaryTshouldTbeTconsolidated,TafterTwhichTtheTcashTatTAceCoTisT nowT65. D.TJanuaryTshouldTbeTconsolidatedTforTtheTchangeTandTnothingTneedsTt oThappenTforTFebruary.T-TCorrectTAnswer- B.TJanuaryTandTFebruaryTshouldTbeTconsolidated. WhichTstatementTcorrectlyTdescribesTtheTConsolidationTdimension?

A.TTheTdimensionTcontainsTmembersTtoTstoreTnon- controllingTinterestTandTjointTventureTdata. B.TTheTdimensionTusesTaTseparateTmemberTtoTstoreTdataTfromTanTentit y'sTdescendants. C.TTheTdimensionTallowsTusersTtoTseeTinputTversusTjournalTadjustmentT data. D.TTheTdimensionTaggregatesTinput,Tconsolidated,TandTeliminationTdat aTtogether.T-TCorrectTAnswer- B.TTheTdimensionTusesTaTseparateTmemberTtoTstoreTdataTfromTanTentit y'sTdescendants. WhyTshouldTyearsTbeTconsolidatedTsequentially;Ti.e.,TfirstT2018,TthenT 2 019,TthenT2020? A)EachTperiodTinTtheTyearTmustTconsolidateTseparately B)ParentTaccountTcalculationsTdependTonTtheTsequencing C)ThereTisTnoTreasonTtoTconsolidateTtheTyearsTsequentially

WhichTtwoTrequirementsTfromTthisTteamTwouldTOracle'sTFinancialTCon solidationTandTCloseTCloud ServiceTsatisfy?T(ChooseTtwo.) A.TrobustTconsolidationTengineTthatTprovidesTautomatedTaggregations, TintercompanyTeliminations andTtranslationsTwithoutTrequiringTaTstrongTITTfootprint B.TdashboardTreportingTwithTdailyTrevenueTcomparisonsTandTKPI'sTthat TmeasureTcostTcontrols C.TleverageTcomplianceTeffortsTtoTfixTprocessTissuesTacrossTallTbusiness esTandTprovideToversightTfor riskTawareness D.TaTconfigurableTreportingTsolutionTwithTprebuildTdimensions,TKPIs,Tr eportsTalongTwithTaTprocessTto adjustTdata,TmonitorTtheTcloseTstatusTandTviewTdataTandTcomplianceTr esultsTinTdashboards E.TprovideTtheTabilityTtoTcollaborateTduringTcloseTandTanalyseTtransacti onT-TCorrectTAnswer- A.TrobustTconsolidationTengineTthatTprovidesTautomatedTaggregations, TintercompanyTeliminations andTtranslationsTwithoutTrequiringTaTstrongTITTfootprint

D.TaTconfigurableTreportingTsolutionTwithTprebuildTdimensions,TKPIs,Tr eportsTalongTwithTaTprocessTto adjustTdata,TmonitorTtheTcloseTstatusTandTviewTdataTandTcomplianceTr esultsTinTdashboards WhichTtwoTprebuiltTcalculationsTrunTonTtheTMovementTdimensionTtoTd etermineTCTATbyTaccount? A)PriorTAverageTRateTminusTCurrentTAverageTRateTmultipliedTbyTFCCS _Mvmts_Subtotal B)PriorTEndingTRateTminusTCurrentTEndingTRateTdividedTbyTFCCS_Mvm ts_Subtotal C)FCCS_OpeningBalanceTmultipliedTbyTEndingTRateTminusTFCCS_Openi ngBalanceTcarryTforward D)FCCS_Mvmts_SubtotalTmultipliedTbyTEndingTRateTminusTFCCS_Mvm ts_SubtotalTmultipliedTbyAverageTRateT-TCorrectTAnswer- C)TFCCS_OpeningBalanceTmultipliedTbyTEndingTRateTminusTFCCS_Open ingBalanceTcarryTforward D)FCCS_Mvmts_SubtotalTmultipliedTbyTEndingTRateTminusTFCCS_Mvm ts_SubtotalTmultipliedTbyAverageTRate

theToriginationTdataTload. C.TByTselectingTTrackTMulti- sourceTDataTInputToptionTforTSupplementalTDataTduringTtheTapplicatio n creationTprocess. D.TByTselectingTTrackTMulti- sourceTDataTInputToptionTforTOtherTDataTduringTtheTapplicationTcreati on process.T-TCorrectTAnswer-B.TDroll-backTisTavailableTfromTanyTMulti- sourceTdimensionTmemberTbyTdefault,TknowTtheTsourceTof theToriginationTdataTload. WhenTyouTsetTtheTIntercompanyTAccountTAttributeTValueTtoTYes,Twhic hTadditionalTattribute mustTalsoTbeTset? A.TPlugTAccount B.TIntercompanyTAccount C.TIsTPlugTAccount

D.TIntercompanyTEntityT-TCorrectTAnswer-A.TPlugTAccount ATcompanyThasTtwoTsubsidiariesTwithT 1000 TEUROTeachTinTtheTCashTacc ount. WhichTfourTConsolidationTMembersTwillTreflectT 2000 TEUROTatTtheTcom pany'sTbalance?T(ChooseTfour.) A.TFCCS_Elimination B.TFCCS_Proportion C.TFCCS_EntityTInput D.TFCCS_EntityTConsolidation E.TFCCS_EntityTTotal F.TFCCS_ContributionT-TCorrectTAnswer-B.TFCCS_Proportion D.TFCCS_EntityTConsolidation E.TFCCS_EntityTTotal

A.TFCCS_AccountsTPayableTaccountTmember B.TFCCS_CashFlow_OperatingTmovementTmember C.TFCCS_CashFlow_AccountsTPayableTaccountTmember D.TFCCS_TotalTBalanceTSheetT-TCashTandTNonCashTaccountTmember E.TFCCS_CashChangeTmovementTmemberT-TCorrectTAnswer- C.TFCCS_CashFlow_AccountsTPayableTaccountTmember D.TFCCS_TotalTBalanceTSheetT-TCashTandTNonCashTaccountTmember WhenTdefiningTaTbatchTinTDataTManagement,TwhichTstatementTisTTrue ? A.TEachTdataTloadTruleTmustTspecifyTtheTperiodTorTtheTbatchTwillTdefaul tTtoTtheTPOVTperiod. B.TBatchesTcanTimportTfromTsourceTorTexportTtoTtarget,TbutTnotTboth. C.TBatchesTcanTexecuteTdataTloadsTforTmultipleTlocations.

D.TATbatchTreplacesTtheTneedTforTdataTloadTrules. E.TATbatchTcanTloadTtoTmultipleTplanTtypes.T-TCorrectTAnswer- C.TBatchesTcanTexecuteTdataTloadsTforTmultipleTlocations. WhichTisTNOTTaTmemberTofTtheTDataTSourceTDimensionTcreatedTbyTFin ancialTConsolidationTand CloseT(FCCS)? A.TFCCS_NoTDataTSource B.TFCCS_DataTInput C.TFCCS_SystemTypes D.TFCCS_ProportionT-TCorrectTAnswer-D.TFCCS_Proportion WhatTinformationTisTincludedTinTtheTdataTextractTexportTfileTdelimitedT format? A.TtheTIDTofTtheTuserTperformingTtheTextract B.TtheTdomainTandTapplicationTname

D)SmartView F)ClassicTmetadataTeditor WhatTisTtheTprimaryTfunctionTofTenablingTtheTTrackTIntercompanyTElim inationToptionTduring theTapplicationTcreation? A.TenablesTtheTEliminationTmemberTinTtheTConsolidationTdimension B.TprocessTwillTseparateTtotalTeliminationTvaluesTbyTDataTSource. C.TenablesTtheTapplicationTtoTincludeTIntercompanyTdata. D.TenablesTtheTapplicationTtoTperformTIntercompanyTeliminationsT- TCorrectTAnswer- B.TprocessTwillTseparateTtotalTeliminationTvaluesTbyTDataTSource. ByTdefault,TsecurityTaccessTisTsetTtoT"None"TforTwhichTthreeTdimension s?T(ChooseTthree.) A.TMovement

B.TDataTSource C.TAccount D.TEntity E.TYearT-TCorrectTAnswer-B.TDataTSource C.TAccount D.TEntity InTwhichTtwoTinstancesTwillTtheTFCCS_Mvmts_FX_to_CTATmovementT memberTpopulateTinTa translatedTcurrency? A.TMovementTofTFXTimpactTforThistoricalTrateTaccountsTtoTtheTFCCS_CT ATaccount B.TATvarianceTinTtheTAverageTrateTandTtheTEndingTrate C.TTheTcurrentTFCCS_CTATaccountTbalanceTdoesTnotTchangeTfromTtheTp riorTperiod

A.Tpre- builtTintegrationTtoTcombineTnarrativeTandTdataTtoTproduceTbothTinter nalTandTexternal reportingTpackages B.Tcalculations,TdashboardsTandTreportsTtoTprovideTanalysisTforTcashTfl owTmodeling C.Tcalculations,TdashboardsTandTreportsTasTwellTasTderailedTdataTsourc eTtrackingTandTanTautomatedTcashTflow D.Tcalculations,TdashboardsTandTreportsTbuiltTonTplanningTframeworks TtoTprovideTcashTflowTplanningT-TCorrectTAnswer- C.Tcalculations,TdashboardsTandTreportsTasTwellTasTderailedTdataTsourc eTtrackingTandTanTautomatedTcashTflow WhichTitemTdescribesTtheTuseTforTtheTCurrencyTdimensionTpropertyTTri angulationTCurrency? A.TTheTabilityTtoTforceTtranslations B.TTheTabilityTtoTreportTinTmultipleTcurrencies C.TTheTabilityTtoTcalculateTforeignTexchangeTrates

D.TTheTabilityTtoTcalculateTCTAT(CumulativeTTranslationTAdjustment) E.TTheTabilityTtoTinputTforeignTexchangeTratesT-TCorrectTAnswer- C.TTheTabilityTtoTcalculateTforeignTexchangeTrates FinancialTConsolidationTandTCloseTCloudTServiceT(FCCS)TprovidesTaTcon solidationTpathTthrough whichTdimensionTcombination? A.TConsolidation,TCurrency,TAccount B.TCurrency,TAccount,TMovement C.TEntity,TConsolidation,TCurrency D.TEntity,TCurrency,TAccountT-TCorrectTAnswer- B.Currency,TAccount,TMovement WhichTstatementTisTfalseTregardingTestablishingTsecurityTforTFinancialT ConsolidationTandTClose (FCCS)?