FCCS Final Exam Questions with Complete Solutions. Latest Update 2024., Exams of Nursing

Download FCCS Final Exam Questions with Complete Solutions. Latest Update 2024. and more Exams Nursing in PDF only on Docsity! FCCS Final Exam Questions with Complete Solutions. Latest Update 2024. In Financial Close Manager, when would you choose to define tasks in a Template rather than Create a new Schedule each month? When the tasks are repeatable over multiple close cycles When the tasks require consistent definition across close schedules When the tasks are often late in completion and they need to be monitored more closely When the tasks require multiple levels of approvers - answers>A. when the tasks are repeatable over multiple close cycles Which role can the "Approvals Supervisor" perform? A) They can start and stop a planning unit B) They can start and stop a planning unit and take any action on a planning unit C) They can start but not stop a planning unit D) They cannot stop or start a planning unit but can only give approval - answers>B) they can start and stop a planning unit and take any action on a planning unit Which two data extract export file types are available within Financial Consolidation and Close? (FCCS)? (Choose two.) DAT file type Excel XLS file type Comma delimited January should be consolidated for the change and nothing needs to happen for February. - Answers>B. January and February should be consolidated. Which statement correctly describes the Consolidation dimension? The dimension contains members to store non-controlling interest and joint venture data. The dimension uses a separate member to store data from an entity's descendants. The dimension allows users to see input versus journal adjustment data. The dimension aggregates input, consolidated, and elimination data together. - Answers>B. The dimension uses a separate member to store data from an entity's descendants. Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020? A) Each period in the year must consolidate separately B) Parent account calculations depend on the sequencing C) There is no reason to consolidate the years sequentially D) Roll forward calculations are populated with correct results - answers>D) Roll forward calculations are populated with correct results Which statement is true regarding Data Management categories? 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. - Answers>C. Application mapping is not required if the global mapping target category is exactly correct. 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 satisfies? (Choose two.) 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) ERP R12 - answers>A) Supplemental Data B) Data Management How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data Member within the Multi-source dimension? Drill-back to SDM is not an available feature. 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. - Answers>B. Droll-back is available from any Multi-source dimension member by default, know the source of The origination data load. When you set the Intercompany Account Attribute Value to yes, which additional attribute? Must also be set? Plug Account Intercompany Account Is Plug Account Intercompany Entity - answers>A. Plug Account 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.) FCCS_Elimination FCCS_Proportion FCCS_Entity Input FCCS_Entity Consolidation FCCS_Entity Total FCCS_Contribution - answers>B. FCCS_Proportion D. FCCS_Entity Consolidation E. FCCS_Entity Total F. FCCS_Contribution When a Financial Consolidation and Close (FCCS) application was created, no intercompany A batch replaces the need for data load rules. A batch can load to multiple plan types. - answers>C. Batches can execute data loads for multiple locations. Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)? FCCS_No Data Source FCCS_Data Input FCCS_SystemTypes FCCS_Proportion - answers>D. FCCS_Proportion What information is included in the data extract export file delimited format? the ID of the user performing the extract the domain and application name the data load cube name the application name - answers>C. the data load cube name Which four options enable updates to metadata within Financial Consolidation and Close (FCCS)? A) Metadata Import B) Master Data Management Cloud Manager C) fuse Metadata Editor D) Smart View E) Pod to Pod Connection F) Classic metadata editor - answers>A) Metadata Import C) fuse Metadata Editor D) Smart View F) Classic metadata editor What is the primary function of enabling the Track Intercompany Elimination option during? the application creation? enables the Elimination member in the Consolidation dimension process will separate total elimination values by Data Source. enables the application to include Intercompany data. B) Data Storage C) Exchange Rate Type D) Account Type - answers>C) Exchange Rate Type Which components are pre-built into Financial Consolidation and Close Cloud Service To? provide a configurable and scalable consolidation solution? pre-built integration to combine narrative and data to produce both internal and external reporting packages B. calculations, dashboards and reports to provide analysis for cash flow modeling C. calculations, dashboards and reports as well as derailed data source tracking and an automated cash flow D. calculations, dashboards and reports built on planning frameworks to provide cash flow planning - answers>C. calculations, dashboards and reports as well as derailed data source tracking and an automated cash flow Which item describes the use for the Currency dimension property Triangulation Currency? The ability to force translations The ability to report in multiple currencies The ability to calculate foreign exchange rates The ability to calculate CTA (Cumulative Translation Adjustment) The ability to input foreign exchange rates - answers>C. The ability to calculate foreign exchange rates Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination? Consolidation, Currency, Account Currency, Account, Movement Entity, Consolidation, Currency Entity, Currency, Account - answers>Currency, Account, Movement Which statement is false regarding establishing security for Financial Consolidation and Close? (FCCS)? All members are accessible for dimensions with no security applied. The Identity Domain Administrator inherits full access privileges. Security is mandatory for one dimension. Security can be assigned at a parent level. Allow adjustments for IFRS Track Multi-Source Data Input Include Supplemental Data - answers>A. Automatically calculate adjustment Which four items are active components of the Currency dimension? (Choose four.) Entity Currency Adjustments Reporting Currencies Input Currencies Translated Currencies Entity Currency Parent Currency - answers>B. Reporting Currencies C. Input Currencies E. Entity Currency F. Parent Currency 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.) 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. - answers>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. 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. in the rule C. If a base member is included in a valid intersection rule, then any shared member is not included in the rule D. Shared members are not supported in valid intersection rules - answers>A. Shared members are supported in valid intersection rules Which statement correctly describes what happens to parent entities during consolidation? From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity. B. The changes in the relational database are synced to the underlying Sybase cube. C. Since parent entities are tagged as dynamic calk, the consolidation has no effect on the entity dimension. D. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together. - answers>A. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity. When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made? Any number of months can be selected 12-month only 12-month and 13-month 12-month, 13-month and a 14-month - answers>C. 12-month and 13- month How can Metadata are imported into any Financial Consolidation and Close (FCCS) application? by selecting Application, then Overview, then Dimensions, and then Export by selecting Dimension, then Import, and then Metadata by selecting Application, then Overview, then Dimensions, and then Import by selecting Tasks, then Metadata, and then Import - answers>C. by selecting Application, then Overview, then Dimensions, and then Import 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, To define a Close Manager task template to monitor all seven days, which range should you define? Day -3 to Day 4 Day -3 to Day 3 Day 1 to Day 7 Day -2 to Day 4 - answers>B. Day -3 to Day 3 Which dimension includes the FCCS_Global Assumption member that is used to store? currency information? Account From Currency Entity Currency - answers>C. Entity Which statement correctly describes when a consolidation can occur within a given year/scenario? An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content. B. The current period consolidation status is Impacted and the remaining periods are OK. C. A user has a power user access but only write access to the entity. D. A user with power user access first locks the entity so that other users cannot consolidate the same entity. E. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year. - answers>C. A user has a power user access but only write access to the entity. When is a user most likely to have a need for running a consolidation for the current close period? A)The status of FCCS_Total_Geography is No Data B)After the financial statements have been approved C)After the period has been closed for posting FCCS journals D)After subledgers have been closed in the ERP and loaded to FCCS - answers>D)After subledgers have been closed in the ERP and loaded to FCCS Which two statements explain why data would not be the same for the Consolidation dimensionmembers FCCS_Entity Input and FCCS_Proportion for an entity? the Entity dimension that is tagged as intercompany will leave the member in the ICP dimension. Which two are components of default currency translation? A)The periodic activity of a revenue account is used to translate the balance at the AverageRate B)The year to date balance of a revenue account is translated at the Average Rate C)CTA (Cumulative Translation Adjustment) is calculated by the movement in the AverageRate D)CTA (Cumulative Translation Adjustment) is calculated by the difference between thecurrent Average Rate and prior month's Average Rate E)The periodic activity for an asset account is translated at the Average Rate - answers>A)The periodic activity of a revenue account is used to translate the balance at the AverageRate E)The periodic activity for an asset account is translated at the Average Rate Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions? Scenario, Account, Base Entity and Parent Entity Year, Scenario, Base Entity and Account Scenario, View, Parent Entity and Account Period, Scenario, Base Entity and Parent Entity - answers>D. Period, Scenario, Base Entity and Parent Entity On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features? the third Friday of each month to apply to both TEST and PROD simultaneously the first and third Monday of each month; first Monday for TEST and third Monday for PROD the second and fourth Friday of each month; second Friday for Test and fourth Friday for PROD the first and third Friday of each month; first Friday for TEST and third Friday for PROD - answers>D. the first and third Friday of each month; first Friday for TEST and third Friday for PROD To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection? Intercompany Accounts Intercompany Partners Intercompany Plug Accounts D)Only administrators can create and update data sets E)Only administrators or power users can create and update data sets - answers>A)Entity is always included in a data set E)Only administrators or power users can create and update data sets Using which Smart View reporting method can users retrieve data from a Financial Consolidation and Close Cloud application data with formulas such as HsGetValue? A)Function Builder B)Ado query C)Smart Forms D)Smart Slices - answers>A)Function Builder Which statement about Financial Close Manager Schedules is False? A)To start all the tasks in a schedule to run you must set the status from Pending to Open B)Once a schedule is Locked, it can't be reopened C)Users can still complete tasks once a schedule has been closed D)You can still add tasks once a schedule has been closed - answers>D)You can still add tasks once a schedule has been closed When creating a task type, what type of task requires a parameter? A)A basic task with a question and rule B)A Financial Consolidation and Close Cloud integrated task requiring no point of view selection C)A task that integrates with an external application and requires a year and month input D)A parent task that provides a roll-up of base tasks - answers>C)A task that integrates with an external application and requires a year and month input 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 - answers>B)Key Identifier On is not selected What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension? Base Currency Contribution Margin Debt Ratio Earnings per Share Days Sales in Receivables Gross Margin - answers>A. Inventory Ratios C. Debt Ratio E. Days Sales in Receivables F. Gross Margin or Liquidity Asset Management Profitability Leverage Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application? 3-3-3-3 3-3-3-4 4-4-4-4 4-4-4-5 - answers>B. 3-3-3-4 What member of the Currency dimension should be used during data entry for historical override amounts? Parent Currency Input Currencies Reporting Currencies Entity Currency - answers>B. Input Currencies 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 column Other Options section the Page Axis the Point of View - answers>D. the Point of View PQR Hickory What can the Intercompany Dimension be enabled and made visible within your application? after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute B. during application creation and selecting the Intercompany Data feature option C. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute D. during application creation and selecting the Multi-source Data Input of Other Data - answers>B. during application creation and selecting the Intercompany Data feature option 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.) 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. - answers>A. 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. 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? First common parent Generation 0 First order relation Lowest common denominator - answers>A. First common parent The data export format / file extension is always extracted in a CSV file format. - answers>B. The data export format / file extension is always extracted in a ZIP file format. What are two important first steps in initially setting up Close Manager? (Choose two.) Create a schedule and set it to Open status. Set up Users. Assign tasks to users. Define system settings such as Organization units, Holiday rules and Task attachment size. - answers>B. Set up Users. Define system settings such as Organization units, Holiday rules and Task attachment size. How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application? Enable a dimension for Currency after application creation via a Metadata load. 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. - answers>C. During application creation, select the Multicurrency option of "Yes". What member of the Consolidation dimension aggregates the Proportion member and the Elimination members? FCCS_Entity Total FCCS_Parent Currency FCCS_Contribution FCCS_Entity Consolidation - answers>C. FCCS_Contribution Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.) FCCS_Journal Input FCCS_PCON FCCS_Intercompany Eliminations FCCS_No Data Source - answers>A. FCCS_Journal Input C. FCCS_Intercompany Eliminations Change one of the Row or Column dimension members and click Refresh. - Answers>B. Activate the Connection. Which explains why the Currency dimension does NOT display in your application? Security access to the Multi-GAAP dimension is required Multi-Currency option was not selected at application creation Entity-specific security rights were not properly granted Security has not been granted - answers>B. Multi-Currency option was not selected at application creation Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart? View in Excel? (Choose three.) Submit data Adjust data with Journals Retrieve data Run a rule such as Consolidate or Translate - answers>A. Submit data C. Retrieve data D. Run a rule such as Consolidate or Translate When designing a report in Financial Reporting Studio, which item is NOT an insert-able? Report object? Chart Grid Image Header - answers>D. Header Which three fields must be defined when registering a file-based source system in Data? Management? (Choose three.) Source Type Drill URL Cloud Type Description Name - answers>B. Drill URL D. Description Metadata Supervisor System Administrator Power User - answers>C. System Administrator What will Financial Consolidation and Close (FCCS) do when adding a new member that is an Expense type account under a parent that is set as an income type account? This setting will not affect additions or subtractions to the next parent Subtract amounts consolidated to the parent Add amounts consolidated to the parent You can't load data to this account - answers>A. this setting will not affect additions or subtractions to the next parent If the Intercompany Property for an Entity is changed from marked to unmarked, which result Occurs? The alias of the associated Intercompany member is automatically updated. The associated Intercompany member must be manually removed. The associated Intercompany member is automatically removed. The alias of the associated Intercompany member must be manually changed. - Answers>B. The associated Intercompany member must be manually removed. Which statement is FALSE when setting up Shared Entities? The calculation status will not change in all instances when data is changed in one instance. The Data Storage Member Property must set to "Dynamic Calk". You build an alternate hierarchy by using partial share Entity members. When data is posted to one shared entity, the data is posted to all instances. - Answers>B. The Data Storage Member Property must set to "Dynamic Calk". For which three tasks can Data Management be used? (Choose three.) Loading data that is period-to-date or year-to-date Drilling through from a web form or Smart View Loading data from a fixed width or delimited text file Writing back data to source systems Loading a Metadata Import File - answers>A. loading data that is period-to-date or year-to-date B. drilling through from a web form or Smart View P has the same currency as Adecco, 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 Adecco. B. P has the same currency as Adecco, 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 Adecco. C. P has a different currency than Adecco, 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 Adecco, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q. - answers>B. P has the same currency as Adecco, 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 Adecco. Which three scenarios result in foreign currency translation during the default consolidation? Process? (Choose three.) A base entity currency has a parent entity with a matching default currency. A base entity currency has a parent entity with a different default currency. A parent entity has the same default currency as its parent. A parent entity has a different currency from its parent. A shared entity has a parent with a different currency. - Answers>B. A base entity currency has a parent entity with a different default currency. D. A parent entity has a different currency from its parent. E. A shared entity has a parent with a different currency. Which four types of artifacts are able to have artifact level security set up on them (choose 3) Forms Task lists Journals Reports Smart Lists Member Lists - answers>A. Forms B. Task lists C. Journals D. Reports To which four applications can EPMAutomate be used to import data? A)PBCS B)FCCS C)TRCS 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 - answers>A)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 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 - answers>A) 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 Which method will run a batch in Data Management? A) Use EPM Automate to run the batch B) Schedule a batch to run on a daily basis C) Users can initiate a batch at any time they like D) Right click the batch to create a job and then schedule E) Batches run automatically when the specified file is uploaded - answers>B) Schedule a batch to run on a daily basis