1 | P a g e FCCS CERTIFICATION EXAM 2024 - 2025 ACTUAL EXAM COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+ What will FCCS do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account? A. This setting does not affect aggregation to the parent. B. You cannot load data to this account C. Add amounts aggregated to the parent D. Subtract amounts aggregated to the parent . - ....ANSWER...D. Subtract amounts aggregated to the parent. A company is based in the United Kingdom and has an application curr ency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency in USD. Which two items 2 | P a g e facilitate the reporting of the subsidiaries common stock balance at an historical rate in the GBP reporting curr ency ? (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 reporting currency. E. The subsidiary must have a parent entity with a GBP currency . - ....ANSWER...A. Common stock must have an exchange rate type set to Historical rate override. E. The subsidiary must have a parent entity with a GBP curre ncy. For which three dimensions is security enabled by default? A. Data Source B. Entity C. Consolidation D. Scenario E. Account - ....ANSWER...A. Data Source 3 | P a g e B. Entity E. Account When designing a report in FR studio, which item is not an instable repor t object? A. Chart B. Grid C. Image D. Heade r - ....ANSWER...D. Header Which four sample ratios can be selected during business process creation? A. Inventory ratios B. Gross Margin C. Contribution Margin D. Earning Per Share E. Debt Ratio F. Day's sales in Receivables - ....ANSWER...A. Inventory ratios B. Gross Margin E. Debt Ratio 4 | P a g e F. Day's sales in Receivables For which scenario would On -Demand rule will be an appropriate solution? A. To perform a custom currency translation for a subset of accounts. B. To add a column with a calculation to a report. C. To copy data from One scenario to different scenario D. To allocate data to base entities before consolidation . - ....ANSWER...D. To allocate data to base entities before consolidation. Which three can be manually edited on the Manage Owership page in a FCCS business process with Ownership managed enabled? A. Ownership Percentage B. Control C. Consolidation Method D. Consolidation Percentage E. Minority interest Percentage - ....ANSWER... A. Ownership Percentage B. Control
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Charitywairimu. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $18.19. You're not tied to anything after your purchase.
