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FCCS Exam questions with correct answers
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FCCS Exam questions with correct answers
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FCCS Exam questions with correct answersIn 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 Answer-
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 Answer-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 Answer-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 Answer-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 Answer-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.
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