Exam (elaborations)
FCCS Exam questions with correct answer1
- Course
- Institution
FCCS Exam questions with correct answer1
[Show more]
Content preview
FCCS Exam questions with correct answersWhich 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?
A. after application creation by selecting any Account as IC_Acc_Yes
for the Intercompany Entity attribute
B. during application creation and selecting the Intercompany Data
feature option
C. during application creation and selecting the Multi-source Data Input
of Other Data
D. after application creation by selecting any Account as IC_Acc_Yes
for the Intercompany Account attribute Correct Answer-B. during
application creation and selecting the Intercompany Data feature option
An entity's Common Stock balance is made up of data loaded through
Data Management and an adjusting journal entry posted in the
application. The Common Stock balance must not re-translate each
month.
What two data entries need to happen to have the Common Stock
balance bypass the default translation of equity accounts? (Choose two.)
A. Data entry to the Common Stock account with the FCCS_Amount
Override member of the Consolidation dimension and the Data Source
member FCCS_Managed Data.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller cracker. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now