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 detail in real time
When enabling Multi-GAAP during application creation, which additional option is available?
A. Automatically calculate adjustment
B. Allow adjustments for IFRS
C. Track Multi-Source Data Input
D. Include Supplemental Data
Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?
A. 3-3-3-3
B. 3-3-3-4
C. 4-4-4-4
D. 4-4-4-5
Which statement correctly describes when a consolidation can occur within a given year/scenario?
A. An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.
B. The current period consolidation status is Impacted and the remaining periods are OK.
C. A user has a power user access but only write access to the entity.
D. A user with power user access first locks the entity so that other users cannot consolidate the same entity.
E. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.
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?
A. a column
B. Other Options section
C. the Page Axis
D. the Point of View
Which dimension includes the FCCS_Global Assumption member that is used to store currency information?
A. Account
B. From Currency
C. Entity
D. Currency
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)
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.
Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)
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.
What is the primary function of enabling the Track Intercompany Elimination option during the application creation?
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
Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?
A. FCCS_No Data Source
B. FCCS_Data Input
C. FCCS_SystemTypes
D. FCCS_Proportion
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