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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Security and Administration | 10% | - System administration tasks - User roles and access management - Security filters and data access controls |
| Topic 2: Data Management | 20% | - Data maps and data grids - Data loading and integration methods - Journal entries and adjustments - Intercompany transactions - Data quality and validation rules |
| Topic 3: Consolidation Processing | 20% | - Ownership and investment eliminations - Non-controlling interests - Consolidation methods and logic - Consolidation run and workflow |
| Topic 4: Overview and Architecture | 15% | - Architecture and deployment options - Oracle FCCS product overview and key capabilities - Navigation and user interface components |
| Topic 5: Reporting and Analysis | 10% | - Financial reports and Smart View - Dashboards and analysis tools - Report designer and templates |
| Topic 6: Configuration and Setup | 25% | - Entity structure and hierarchy configuration - Currency and exchange rate configuration - Chart of accounts setup - Period and calendar management - Application settings and preferences |
1. You are
required to create a form that allows users to input dat
a. Which three actions are consistent with this?
A) Grant the data input users WRITE access to the dimension members used on the form.
B) Set the consolidation member on the form to FCCS_Entity Input.
C) Set the currency on the form to Parent Currency.
D) In the member selection for Entity, do not include shared entities, include only primary instances of entities.
E) Select level 0 dimension members for the POV, rows, and columns.
2. What is the correct Currency dimension member to select when running an Intercompany Matching Report?
A) Reporting Currency
B) Parent Currency
C) Entity Currency
D) Input Currency
3. The company PQR has an ownership structure as shown below.
H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?
A) PQR
B) No elimination is performed, because H 1 and P 1 do not have the same parent.
C) Hickory and Paducah
D) H 1 and P 2
4. 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) provide the ability to collaborate during close and analyse transaction detail in real time
C) leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness
D) dashboard reporting with daily revenue comparisons and KPI's that measure cost controls
E) 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
5. Which three fields must be defined when registering a file-based source system in Data Management? (Choose three.)
A) Cloud Type
B) Source Type
C) Drill URL
D) Name
E) Description
Solutions:
| Question # 1 Answer: A,B,E | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: D,E | Question # 5 Answer: B,D,E |
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