FCCS EXAM QUESTIONS AND ANSWERS
(VERIFIED ANSWERS GRADE A) LATEST UPDATE
2026
In Financial Close Manager, when would you choose to define tasks in a Template
rather than
create a new Schedule each month?
A. when the tasks are repeatable over multiple close cycles
B. when the tasks require consistent definition across close schedules
C. when the tasks are often late in completion and they need to be monitored more
closely
D. when the tasks require multiple levels of approvers -answer/ A. when the tasks
are repeatable over multiple close cycles
Which role can the "Approvals Supervisor" perform?
A) They can start and stop a planning unit
B) They can start and stop a planning unit and take any action on a planning unit
C) They can start but not stop a planning unit
,D) They cannot stop or start a planning unit but can only give approval -answer/ B)
They can start and stop a planning unit and take any action on a planning unit
Which two data extract export file types are available within Financial
Consolidation and Close
(FCCS)? (Choose two.)
A. DAT file type
B. Excel XLS file type
C. Comma delimited
D. Tab delimited -answer/ C. Comma delimited
D. Tab delimited
When creating a member mapping for account Sales in Data Management, the
following script
is entered.
UD5 refers to a Product custom dimension:
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
ELSE 'SALES'
Which statement is True?
,A. The script can be eliminated by using a multi-dim map on the Product
dimension that also looks
for the account Sales.
B. The script will work if the script is referenced in the In mapping type with
#SQL as the target.
C. The script will not work since Data Management does not support scripting.
D. The script will not work since the UD5 member referenced does not start with
FCCS_
E. The script will work if the script is referenced in the Explicit mapping type with
#SQL as the target. -answer/ B. The script will work if the script is referenced in
the In mapping type with #SQL as the target.
P, Q, and R are children of a 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 adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?
A. There is no way to do a 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 the change and nothing needs to happen for
February. -answer/ B. January and February should be consolidated.
Which statement correctly describes the Consolidation dimension?
A. The dimension contains members to store non-controlling interest and joint
venture data.
B. The dimension uses a separate member to store data from an entity's
descendants.
C. The dimension allows users to see input versus journal adjustment data.
D. The dimension aggregates input, consolidated, and elimination data together. -
answer/ B. The dimension uses a separate member to store data from an entity's
descendants.
Why should years be consolidated sequentially; i.e., first 2018, then 2019, then
2020?
A) Each period in the year must consolidate separately
B) Parent account calculations depend on the sequencing
C) There is no reason to consolidate the years sequentially
(VERIFIED ANSWERS GRADE A) LATEST UPDATE
2026
In Financial Close Manager, when would you choose to define tasks in a Template
rather than
create a new Schedule each month?
A. when the tasks are repeatable over multiple close cycles
B. when the tasks require consistent definition across close schedules
C. when the tasks are often late in completion and they need to be monitored more
closely
D. when the tasks require multiple levels of approvers -answer/ A. when the tasks
are repeatable over multiple close cycles
Which role can the "Approvals Supervisor" perform?
A) They can start and stop a planning unit
B) They can start and stop a planning unit and take any action on a planning unit
C) They can start but not stop a planning unit
,D) They cannot stop or start a planning unit but can only give approval -answer/ B)
They can start and stop a planning unit and take any action on a planning unit
Which two data extract export file types are available within Financial
Consolidation and Close
(FCCS)? (Choose two.)
A. DAT file type
B. Excel XLS file type
C. Comma delimited
D. Tab delimited -answer/ C. Comma delimited
D. Tab delimited
When creating a member mapping for account Sales in Data Management, the
following script
is entered.
UD5 refers to a Product custom dimension:
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
ELSE 'SALES'
Which statement is True?
,A. The script can be eliminated by using a multi-dim map on the Product
dimension that also looks
for the account Sales.
B. The script will work if the script is referenced in the In mapping type with
#SQL as the target.
C. The script will not work since Data Management does not support scripting.
D. The script will not work since the UD5 member referenced does not start with
FCCS_
E. The script will work if the script is referenced in the Explicit mapping type with
#SQL as the target. -answer/ B. The script will work if the script is referenced in
the In mapping type with #SQL as the target.
P, Q, and R are children of a 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 adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?
A. There is no way to do a 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 the change and nothing needs to happen for
February. -answer/ B. January and February should be consolidated.
Which statement correctly describes the Consolidation dimension?
A. The dimension contains members to store non-controlling interest and joint
venture data.
B. The dimension uses a separate member to store data from an entity's
descendants.
C. The dimension allows users to see input versus journal adjustment data.
D. The dimension aggregates input, consolidated, and elimination data together. -
answer/ B. The dimension uses a separate member to store data from an entity's
descendants.
Why should years be consolidated sequentially; i.e., first 2018, then 2019, then
2020?
A) Each period in the year must consolidate separately
B) Parent account calculations depend on the sequencing
C) There is no reason to consolidate the years sequentially
