Intro to FCCS & Dimensions Exam Questions With 100% Complete Solutions
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Module
Intro to FCCS & Dimensions
Institution
Intro To FCCS & Dimensions
FCCS Business Process - ANSWER-1. Load or Enter Data
2. Adjust Data
3. Translate and consolidate
4. Review and approve data
5. Publish financial reports
Supplemental Data Process - ANSWER-1. Define
-data definition, forms
2. Support
-calculations, validations
3. Control
-data colle...
Intro to FCCS & Dimensions Exam
Questions With 100% Complete
Solutions
FCCS Business Process - ANSWER-1. Load or Enter Data
2. Adjust Data
3. Translate and consolidate
4. Review and approve data
5. Publish financial reports
Supplemental Data Process - ANSWER-1. Define
-data definition, forms
2. Support
-calculations, validations
3. Control
-data collection WF
4. Monitor
-status, dashboards
Application Wizard Steps - ANSWER-1. Select time period
- 12 month vs. 13 month for year end adjustments
- Can't change period after selecting
-Will automatically set period and dimension in FCCS
-Alias can be changed
, 2. Enable multicurrency if needed
3.Select a quarter for each period
4. Select optional features
Set-Up Optional Features - ANSWER-1. Balance Sheer Hierarchy
-Traditional, Net Asset, or Basic
Traditional: (assets = liabilities + equity)
Net asset approach: (Assets + liabilities = equity)
2. Multi GAAP
-Yes with manual adjustments: local gaap + adjustments > IFRS
-Yes with calculated adjustments: local gap + IFRS > calculations
3. CTA
-stores FX values. only for multi currency
-Balance Sheet or Comp. Income
5. Journal Adjustments
-Yes w workflow, Yes w/o workflow, No
-if you need an approval process or not
6. Intercompany data / entities aggregation
-yes/no
-if enabled, created intercompany dimension
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