ORACLE FCCS CERTIFICATION EXAM 2024 ACTUAL EXAM COMPLETE QUESTIONS WITH DETAILED VERIFIED ANSWERS ALREADY GRADED A+
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ORACLE FCCS CERTIFICATION
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ORACLE FCCS CERTIFICATION
ORACLE FCCS CERTIFICATION EXAM 2024 ACTUAL EXAM COMPLETE QUESTIONS
WITH DETAILED VERIFIED ANSWERS ALREADY GRADED A+
24. Which exchange rate is used to translate data for the Opening Balance Adjustment member for nonhistorical accounts?
a. current period Average Rate
b. current period Ending R...
ORACLE FCCS CERTIFICATION EXAM 2024 ACTUAL EXAM COMPLETE QUESTIONS
WITH DETAILED VERIFIED ANSWERS ALREADY GRADED A+
24. Which exchange rate is used to translate data for the Opening Balance Adjustment member for non-
historical accounts?
a. current period Average Rate
b. current period Ending Rate
c. current period Opening Rate
d. prior period Ending Rate - CORRECT ANSWER--b. current period Ending Rate
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 - CORRECT ANSWER--A. 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?
A. FCCS_Entity Consolidation
B. FCCS_Entity Input
C. FCCS_Entity Total
D. FCCS_Proportion
E. FCCS_Contribution
F. FCCS_Elimination - CORRECT ANSWER--A. FCCS_Entity Consolidation
C. FCCS_Entity Total
D. FCCS_Proportion
E. FCCS_Contribution
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 - CORRECT ANSWER--B. 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 a historical rate in the GBP reporting currency?
a. Common Stock must have an Exchange Rate Type set to Historical Rate Override.
b. Rate data for common stock must be loaded or entered in the Override Rates form
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. - CORRECT ANSWER--a. Common Stock
must have an Exchange Rate Type set to Historical Rate Override.
b. Rate data for common stock must be loaded or entered in the Override Rates form
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. - CORRECT ANSWER--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.
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 - CORRECT ANSWER--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.
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