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FCCS EXAM QUESTIONS WITH ACCURATE ANSWERS
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FCCS EXAM QUESTIONS WITH ACCURATE ANSWERS
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FCCS EXAM QUESTIONS WITH ACCURATE ANSWERSWhich statement is FALSE when setting up Shared Entities?
A. The calculation status will not change in all instances when data is changed
in one instance.
B. The Data Storage Member Property must set to "Dynamic Calc".
C. You build an alternate hierarchy by using partial share Entity members.
D. When data is posted to one shared entity, the data is posted to all instances.
Accurate Answer - B. The Data Storage Member Property must set to
"Dynamic Calc".
You have added a new task to a close schedule with a task due date past the
defined end date of the schedule. What is the result of the change?
A. The task will not run.
B. An error, you can't add a new task past the due date.
C. The new task will run outside of the schedule end date.
D. The schedule end date changes to match the end date of the task.
Accurate Answer - C. The new task will run outside of the schedule end date.
Changes in the balance of Accounts Payable are captured on a company's Cash
Flow Report.
Which two dimension members must be built into the row of the company's
Cash Flow to report the impact of Accounts Payable? (Choose two.)
A. FCCS_CashFlow_Accounts Payable account member
B. FCCS_Total Balance Sheet - Cash and NonCash account member
C. FCCS_Accounts Payable account member
,D. FCCS_CashChange movement member
E. FCCS_CashFlow_Operating movement member
Accurate Answer - A. FCCS_CashFlow_Accounts Payable account member
B. FCCS_Total Balance Sheet - Cash and NonCash account member
What will Financial Consolidation and Close (FCCS) do when adding a new
member that is an expense type account under a parent that is set as an
income type account?
A. you can't load data to this account
B. subtract amounts consolidated to the parent
C. add amounts consolidated to the parent
D. this setting will not affect additions or subtractions to the next parent
Accurate Answer - B. subtract amounts consolidated to the parent
Financial Consolidation Close Cloud maintains 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 Parent Entity
Accurate Answer - D. Period, Scenario, Base Entity and Parent Entity
What can the Intercompany Dimension be enabled and made visible within
your application?
A. after application creation by selecting any Account as IC_Acc_Yes for the
Intercompany Entity attribute
, B. during application creation and selecting the Intercompany Data feature
option
C. during application creation and selecting the Multi-source Data Input of
Other Data
D. after application creation by selecting any Account as IC_Acc_Yes for the
Intercompany Account attribute
Accurate Answer - B. during application creation and selecting the
Intercompany Data feature option
An entity's Common Stock balance is made up of data loaded through Data
Management and an adjusting journal entry posted in the application. The
Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance
bypass the default translation of equity accounts? (Choose two.)
A. Data entry to the Common Stock account with the FCCS_Amount Override
member of the Consolidation dimension and the Data Source member
FCCS_Managed Data.
B. A journal entry to the Common Stock account with the FCCS_Amount
Override member of the Consolidation dimension and the Data Source
member FCCS_Journal Input.
C. Data entry to the Common Stock account with the Multi-GAAP
FCCS_Adjustments member and the Data Source member FCCS_Data Input.
D. A journal entry to reverse the adjusted Common Stock balance with the
Data Source member FCCS_Journal Input.
Accurate Answer - C. Data entry to the Common Stock account with the Multi-
GAAP FCCS_Adjustments member and the Data Source member FCCS_Data
Input.
D. A journal entry to reverse the adjusted Common Stock balance with the
Data Source member FCCS_Journal Input.
What member of the Currency dimension should be used during data entry for
historical override amounts?
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