FCCS Exam – Erich 2025 Questions
and Answers 100% Pass
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 - ✔✔A. when the tasks are
repeatable over multiple close cycles
Which two data extract export file types are available within Financial Consolidation
and Close
COPYRIGHT © 2025 BY GRACE AMELIA, ALL RIGHTS RESERVED 1
,(FCCS)? (Choose two.)
A. DAT file type
B. Excel XLS file type
C. Comma delimited
D. Tab delimited - ✔✔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
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,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. - ✔✔A. The script can be eliminated by using a multi-dim map on
the Product dimension that also looks
for the account Sales.
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.
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, 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. - ✔✔D. January should be consolidated for the change and nothing needs to
happen for February.
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. - ✔✔B.
The dimension uses a separate member to store data from an entity's descendants.
Which statement is true regarding Data Management categories?
A. Categories are defined on the Global Mapping tab and then the frequency is
specified on the
COPYRIGHT © 2025 BY GRACE AMELIA, ALL RIGHTS RESERVED 4
and Answers 100% Pass
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 - ✔✔A. when the tasks are
repeatable over multiple close cycles
Which two data extract export file types are available within Financial Consolidation
and Close
COPYRIGHT © 2025 BY GRACE AMELIA, ALL RIGHTS RESERVED 1
,(FCCS)? (Choose two.)
A. DAT file type
B. Excel XLS file type
C. Comma delimited
D. Tab delimited - ✔✔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
COPYRIGHT © 2025 BY GRACE AMELIA, ALL RIGHTS RESERVED 2
,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. - ✔✔A. The script can be eliminated by using a multi-dim map on
the Product dimension that also looks
for the account Sales.
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.
COPYRIGHT © 2025 BY GRACE AMELIA, ALL RIGHTS RESERVED 3
, 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. - ✔✔D. January should be consolidated for the change and nothing needs to
happen for February.
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. - ✔✔B.
The dimension uses a separate member to store data from an entity's descendants.
Which statement is true regarding Data Management categories?
A. Categories are defined on the Global Mapping tab and then the frequency is
specified on the
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