FCCS Exam (Possible Questions
with Accurate Answers)
,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 correct answers 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 correct answers 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 correct answers 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.
correct answers 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. correct
answers 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. correct answers
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
with Accurate Answers)
,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 correct answers 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 correct answers 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 correct answers 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.
correct answers 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. correct
answers 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. correct answers
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
