FCCS CERTIFICATION EXAM ACTUAL EXAM
COMPLETE 300+ QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
Which two members of consolidation dimension cause the standard currency translation
rule to be ignored (Choose two)?
A. FCCS_Amount_Override
B. FCCS_Rate_Override
C. FCCS_Contribution
D. FCCS_Proportion
E. FCCS_Elimination
F. FCCS_Transalation - ANSWERA. FCCS_Amount_Override
B. FCCS_Rate_Override
Which four sample ratios can be created during the application creation process?
(Choose four)
A. Inventory Ratios
B. Contribution Margin
C. Debt Ratio
D. Earning Per Share
E. Days Sales in Receivables
F. Gross Margin - ANSWERA. Inventory Ratios
C. Debt Ratio
E. Days Sales in Receivables
F. Gross Margin
When can the Intercompany dimension be enabled and made visible within your
application?
A. During application creation and selecting Multi-Source Data Input of Other Data
B. After application creation by selecting any entity as IC_Entity_Yes for the
Intercompany attribute.
C. After application creation by selecting any account as IC_Acc_Yes for the
Intercompany account attribute.
D. During application creation and selecting the Intercompany data feature option. -
ANSWERD. During application creation and selecting the Intercompany data feature
option.
,Which three task can users perform on Financial Consolidated Close Cloud data with
Smart View in Excel? (Choose three)
A. Submit Data
B. Adjust Data with Journals
C. Retrieve Data
D. Run a rule such as Consolidate or Translate - ANSWERA. Submit Data
C. Retrieve Data
D. Run a rule such as Consolidate or Translate
If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what
happens to the corresponding Inetrcompany member alias?
A. The Intercompany alias is set to the Entity name
B. The Intercompany alias is automatically changed to New entity alias
C. The Intercompany alias is not automatically changed to New entity alias
D. The Intercompany alias is automatically set to the Intercompany name. - ANSWERB.
The Intercompany alias is automatically changed to New entity alias
Which three fields must be defined when registering a file based source system in Data
Management? (Choose three)
A. Source Type
B. Drill URL
C. Cloud Type
D. Description
E. Name - ANSWERA. Source Type
D. Description
E. Name
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_System Types
D. FCCS_Proportion - ANSWERD. FCCS_Proportion
How is drill back enabled to supplemental Data Manager (SDM) from the supplemental
data member within the multi source dimension?
A. Drill back to SDM is not an available feature
B. Drill back is available from any multi source dimension member by default, know the
source of the original data load.
C. By selecting Track Multi-Source Data Input Option for Supplemental Data during the
application creation process.
,D. By selecting Track Multi-Source Data Input Option for Other Data during the
application creation process - ANSWERD. By selecting Track Multi-Source Data Input
Option for Other Data during the application creation process
P,Q and R and children of mid-level parent entity, AceCo. In February each entity has
cash in the amounts of 10, 20 and 30, respectively, and AceCo has been consolidated
and has cash of 60. A prior period adjustment to Q adjust cash with a debit of 5. Which
statement regarding consolidation is correct?
A. There is no way to do prior period entry like this.
B. January and February should be consolidated
C. February should be consolidated after which the cash at AceCo is now 65
D. January should be consolidated for a change and nothing needs to happen for
February. - ANSWERB. January and February should be consolidated
Financial Consolidation Close Cloud mainitains the status calculation for which
combination of dimensions?
A. Scenario, Account, Base entity and Parent entity
B. Year, Scenario, Base entity and Account
C. Scenario, View, Parent entity and Account
D. Period, Scenario, Base entity and Account.
E. Period, Scenario, Entity, Currency - ANSWERE. Period, Scenario, Entity, Currency
Three child entities P, Q and R - Of a mid level parent entity - AceCo - have account
receivables in the amounts of 10, 20 and 30 respectively. Which statement containts
conditions for all three entities that would cause account receivable balance amount at
AceCo not to be 60? Not sure
A. P has same currency as AceCo. Q is 100% owned, and R has 10 of 30 as an
intercompany receivable balance with another division that is not descedent of AceCo.
B. P has same currency as AceCo. Q is 90% owned, and R has 10 of 30 as an
intercompany receivable balance with another division that is not descedent of AceCo.
C. P has different currency than AceCo. Q is 40% owned, and R has 10 of 30 as an
intercompany receivable balance with Q.
D. P has different currency than AceCo. Q is 100% owned, and R has 10 of 30 as an
intercompany receivable balance with Q. - ANSWERC. P has different currency than
AceCo. Q is 40% owned, and R has 10 of 30 as an intercompany receivable balance
with Q.
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. - ANSWERB. The current period consolidation status is
impacted and the remaining periods are OK.
When setting an account property to a data storage type of "Dynamic Calc" which is
allowed?
A. Member formulas cannot be created
B. Load data to this account and make member formulas
C. Load data to this account
D. Create member formulas - ANSWERD. Create member formulas
When creating an application in Financial Consolidation and Close (FCCS), What time
period section can be made?
A. Any member of months can be selected
B. 12 months only
C. 12 month and 13 month
D. 12-month, 13 month and a 14 month - ANSWERC. 12 month and 13 month
Which three scenarios result in foreign currency translation during the default
consolidation process? (Choose three)
A. A base entity currency has a parent entity with a matching default currency.
B. A base entity currency has a parent entity with a different default currency.
C. A parent entity has the same default currency as its parent.
D. A parent entity has the different default currency from its parent.
E. A shared entity has a parent with different currency. - ANSWERB. A base entity
currency has a parent entity with a different default currecny.
D. A parent entity has the different default currency from its parent.
E. A shared entity has a parent with different currency.
Which financial close related componant is NOT a part of the Financial Consolidation
and Close Cloud integrated product suit?
A. Process Management
B. Account Reconciliation Management
C. Data Management
D. Supplemental Data Management
E. Financial Close Management - ANSWERB. Account Reconciliation Management
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