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Guide for Oracle Financial Consolidation and Close 2021 Implementation Essentials

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/ 10

Quiz

1/10
On what days during the month does Oracle apply patch updates to fix bugs, apply code
optimizations, and add new features?
Select the answer
2 correct answers
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

Quiz

2/10
Which statement is correct regarding intercompany eliminations?
Select the answer
3 correct answers
A.
Intercompany eliminations are generally required to remove the effect of transactions within the
company.
B.
Intercompany eliminations are required for sustainability reporting to show the company’s waste
output.
C.
Intercompany eliminations are optional in FCCS and use one of the custom dimensions when
enabled.
D.
Intercompany eliminations are needed when a company divests itself of a division.

Quiz

3/10
Which three fields must be defined when registering a file-based source system in Data
Management? (Choose three.)
Select the answer
1 correct answer
A.
Source Type
B.
Drill URL
C.
Cloud Type
D.
Description
E.
Name

Quiz

4/10
When a Financial Consolidation and Close (FCCS) application was created, no intercompany options
were enabled.





Which statement is true?
Select the answer
1 correct answer
A.
The FCCS_No Intercompany member of the ICP dimension will be used for all data.
B.
Data can be stored by intercompany partner but no eliminations will occur.
C.
An extra custom dimension will be available.
D.
The ICP dimension will be omitted.

Quiz

5/10
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?
Select the answer
1 correct answer
A.
a column
B.
Other Options section
C.
the Page Axis
D.
the Point of View

Quiz

6/10
Which dimension includes the FCCS_Global Assumption member that is used to store currency
information?
Select the answer
3 correct answers
A.
Account
B.
From Currency
C.
Entity
D.
Currency

Quiz

7/10
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS)
deliver to ensure a modern consolidation and close solution? (Choose three.)
Select the answer
4 correct answers
A.
Ensure security of sensitive data.
B.
Integrate with source systems.
C.
Provide predictive analysis and modeling.
D.
Provide a strong compliance framework that includes auditing and segregation of duties.

Quiz

8/10
Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the
Movement dimension? (Choose four.)
Select the answer
1 correct answer
A.
The Cash Change hierarchy cannot be modified.
B.
All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in
the FCCS_CashFlow hierarchy.
C.
The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy
has a Subtraction operator.
D.
Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow
hierarchy.
E.
Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.
F.
Siblings can be added to the FCCS_CashFlow_Investing member.

Quiz

9/10
What is the primary function of enabling the Track Intercompany Elimination option during the
application creation?
Select the answer
1 correct answer
A.
enables the Elimination member in the Consolidation dimension
B.
process will separate total elimination values by Data Source.
C.
enables the application to include Intercompany data.
D.
enables the application to perform Intercompany eliminations

Quiz

10/10
Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close
(FCCS)?
Select the answer
1 correct answer
A.
FCCS_No Data Source
B.
FCCS_Data Input
C.
FCCS_SystemTypes
D.
FCCS_Proportion
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  • Quiz name:Oracle Financial Consolidation and Close 2021 Implementation Essentials
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