FCCS Practice Exam Q/A EXAM, SOLUTIONS
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VERIFIED) LATEST VERSION 2026!!
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Terms in this set (75)
1. In Financial Close Manager, when A. when the tasks are repeatable over multiple
would you choose to define tasks in close cycles
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
,2. Which two data extract export file C. Comma delimited
types are available within Financial D. Tab delimited
Consolidation and Close (FCCS)?
(Choose two.)
A. DAT file type
B. Excel XLS file type
C. Comma delimited
D. Tab delimited
,3. When creating a member mapping A. The script can be eliminated by using a multi-
for account Sales in Data dim map on the Product dimension that also looks
Management, the following script is for the account Sales.
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.
, 4. P, Q, and R, are children of a mid- B. January and February should be consolidated.
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.
(MULTIPLE CHOICES) (A+ GRADED 100%
VERIFIED) LATEST VERSION 2026!!
Save
Terms in this set (75)
1. In Financial Close Manager, when A. when the tasks are repeatable over multiple
would you choose to define tasks in close cycles
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
,2. Which two data extract export file C. Comma delimited
types are available within Financial D. Tab delimited
Consolidation and Close (FCCS)?
(Choose two.)
A. DAT file type
B. Excel XLS file type
C. Comma delimited
D. Tab delimited
,3. When creating a member mapping A. The script can be eliminated by using a multi-
for account Sales in Data dim map on the Product dimension that also looks
Management, the following script is for the account Sales.
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.
, 4. P, Q, and R, are children of a mid- B. January and February should be consolidated.
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.
