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QUESTION 14
When can the Intercompany Dimension be enabled and n=made visible within your application?

during application creation and selecting Multi-source Data Input of Other Data

after application creation by selecting any Entity as IC_Entity_Yes for the Intercompany Entity attribute

after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute

during application creation and selecting the Intercompany Data feature option

QUESTION 15
When setting an account property to a data storage type of “Dynamic Calc” which two are allowed?

Member Formulas cannot be created

load data to this account and make member formulas

load data to this account

create Member Formulas

QUESTION 16
For which
scenario would an On-Demand rule be an appropriate solution?

to perform a custom currency translation for a subset of accounts

to add a column with a calculation to a report

to copy data from one scenario to a different scenario

to allocate data to base entities prior to consolidation

QUESTION 17
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

QUESTION 18
Which statement
is true of the default FCCS_ members within an application?

You can change the default FCCS_ member prefix at application creation.

You can change the Alias.

You can change the Data Storage property.

You can change the Name.

QUESTION 19
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

QUESTION 20
Which statement is true regarding shared members and valid intersection rules?

Shared members are supported in valid intersection rules

If a shared member is selected for a valid intersection rule, then the base member is not included in the rule

If a base member is included in a valid intersection rule, then any shared member is not included in the rule

Shared members are not supported in valid intersection rules

QUESTION 21
Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?

Period, Year, Entity

From Currency, Movement, Scenario

Multi-GAAP, Data Type, Intra-company

Value, Entity, Account

Data source, Consolidation, View

QUESTION 22
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

QUESTION 23
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

QUESTION 24
What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

The data export format / file extension is always extracted in a XLS file format.

The data export format / file extension is always extracted in a ZIP file format.

The data export format / file extension is always extracted in a DAT file format.

The data export format / file extension is always extracted in a CSV file format.

QUESTION 25
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

QUESTION 26
You need
a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?

Consolidation Report

Journal Report

Intercompany Report

Financial Report

QUESTION 27
Once metadata
is updated and the database refresh has completed successfully, how will the status for all entities be listed via the default Data Status grid?

Impacted

Need Translate

OK

System Changed (SC)

QUESTION 28
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.)

FCCS_Accounts Payable account member

FCCS_CashFlow_Operating movement member

FCCS_CashFlow_Accounts Payable account member

FCCS_Total Balance Sheet – Cash and NonCash account member

FCCS_CashChange movement member

QUESTION 29
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.

QUESTION 30
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

QUESTION 31
Which statement is correct regarding intercompany eliminations?

Intercompany eliminations are generally required to remove the effect of transactions within the company.

Intercompany eliminations are required for sustainability reporting to show the company’s waste output.

Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.

Intercompany eliminations are needed when a company divests itself of a division.

QUESTION 32
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.)

robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint

dashboard reporting with daily revenue comparisons and KPI’s that measure cost controls

leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness

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

provide the ability to collaborate during close and analyse transaction detail in real time

QUESTION 33
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

Tab delimited

QUESTION 34
Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?

Select Application, then Overview, then Data, and then Export

Select Application, then Overview, then Actions, and then Import Data

Select Dimensions, then Actions, and then Import Data

Select Import, then Actions, and then Data