FCCS CERTIFICATION EXAM NEWEST 2025 ACTUAL EXAM COMPLETE 160 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+BRAND NEW!!.pdf

FCCS EXAM/101 QUESTIONS AND ANSWm m m m




ERS (A+) m



In Financial Close Manager, when would you choose to d
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efine tasks in a Template rather than
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create a new Schedule each month?
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A. when the tasks are repeatable over multiple close cycl
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es

B. when the tasks require consistent definition across clo
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se schedules
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C. when the tasks are often late in completion and they n
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eed to be monitored more closely
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D. when the tasks require multiple levels of approvers -
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√Answer :A. when the tasks are repeatable over multiple
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close cycles
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Quiz :Which role can the "Approvals Supervisor" perform
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?

A)They can start and stop a planning unit
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B)They can start and stop a planning unit and take any ac
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tion on a planning unit
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C)They can start but not stop a planning unit
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D)They cannot stop or start a planning unit but can only g
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ive approval -
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,m√Answer :B) They can start and stop a planning unit and
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take any action on a planning unit
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Quiz :Which two data extract export file types are availabl
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e within Financial Consolidation and Close
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(FCCS)? (Choose two.) m m




A. DAT file type
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B. Excel XLS file type
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C. Comma delimited
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D. Tab delimited - √Answer :C. Comma delimited
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D. Tab delimited
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Quiz :When creating a member mapping for account Sal
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es in Data Management, the following script
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is entered.
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UD5 refers to a Product custom dimension:
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WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
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ELSE 'SALES' m


Which statement is True?
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A. The script can be eliminated by using a multi-
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dim map on the Product dimension that also looks
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for the account Sales.
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B. The script will work if the script is referenced in the In
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mapping type with #SQL as the target.
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,C. The script will not work since Data Management does
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not support scripting.
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D. The script will not work since the UD5 member referen
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ced does not start with FCCS_
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E. The script will work if the script is referenced in the Exp
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licit mapping type with #SQL as the target. -
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m√Answer :B. The script will work if the script is referenced
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min the In mapping type with #SQL as the target.
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Quiz :P, Q, and R are children of a mid-
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level parent entity, AceCo. In February each entity has ca
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sh in
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the amounts of 10, 20, and 30, respectively, and AceCo h
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as been consolidated and has cash of 60. A
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prior period adjustment to Q adjusts cash with a debit of 5
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.
Which statement regarding consolidation is correct?
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A. There is no way to do a prior period entry like this.
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B. January and February should be consolidated.
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C. February should be consolidated, after which the cash
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at AceCo is now 65.
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D. January should be consolidated for the change and no
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thing needs to happen for February. -
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m√Answer :B. January and February should be consolidat
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ed.

, Quiz :Which statement correctly describes the Consolidat
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ion dimension?
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A. The dimension contains members to store non-
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controlling interest and joint venture data.
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B. The dimension uses a separate member to store data f
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rom an entity's descendants.
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C. The dimension allows users to see input versus journa
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l adjustment data.
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D. The dimension aggregates input, consolidated, and eli
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mination data together. - m m m



√Answer :B. The dimension uses a separate member to
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store data from an entity's descendants.
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Quiz :Why should years be consolidated sequentially; i.e.
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, first 2018, then 2019, then 2020?
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A)Each period in the year must consolidate separately
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B)Parent account calculations depend on the sequencing
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C)There is no reason to consolidate the years sequentiall
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y

D)Rollforward calculations are populated with correct res
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ults - m



√Answer :D)Rollforward calculations are populated with
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correct results m