|Full Exam Name||Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials|
|Certification Name||Oracle Cloud|
|Technology||Close Cloud Service|
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Which two statements are correct with regard to Data Management locations?
A. A company with three instances of Oracle EBS R12 should only use one location to maintain proper
B. Location security allows users to be provisioned in Shared Services for read or modify access to
C. Locations can share dimension member mappings by specifying a location as a parent location of
D. The logic account group is required in order to effect running of calculations after the data load.
E. Locations must specify an import format, which may be used by other locations.
F. Data load rules can be shared across locations.
When a Financial Consolidation and Close (FCCS) application was created, no intercompany options
Which statement is true?
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.
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS)
deliver to ensure a modern consolidation and close solution?
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.
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 Company XYZ’s subsidiaries is Company IOU,
headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?
A. A translation to the USD_Reporting currency member for Company IOU
B. A translation of Company IOU
C. A consolidation of Company 123
D. A consolidation of Company XYZ
E. A translation of Company XYZ to Parent Currency
What member of the Currency dimension is associated with the Entity Input member of the
A. Base Currency
B. Parent Currency
C. Local Currency
D. Entity Currency
Which statement is correct regarding intercompany eliminations?
A. Intercompany eliminations are generally required to remove the effect of transactions within the
B. Intercompany eliminations are required for sustainability reporting to show the company’s waste
C. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when
D. Intercompany eliminations are needed when a company divests itself of a division.
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