(answered) FCCS Exam With 100% Correct Answers 2023/2024

FCCS Exam Which 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. - Correct 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. - Correct 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 - Correct 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 - Correct 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 - Correct Answer- D. Period, Scenario, Base Entity and Parent Entity What can the Intercompany Dimension be enabled and made visible within your application?