FCCS FINAL EXAM COMPREHENSIVE TEST
PAPER QUESTIONS AND SOLUTIONS
◉ What is the primary function of enabling the Track Intercompany
Elimination option during the application creation?
A. enables the Elimination member in the Consolidation dimension
B. process will separate total elimination values by Data Source.
C. enables the application to include Intercompany data.
D. enables the application to perform Intercompany eliminations.
Answer: B. process will separate total elimination values by Data
Source.
◉ Which three combinations of dimensions could be valid for a
Financial Consolidation and Close (FCCS) application? (Choose
three.)
A. Period, Year, Entity
,B. From Currency, Movement, Scenario
C. Multi-GAAP, Data Type, Intra-company
D. Value, Entity, Account
E. Data source, Consolidation, View.
Answer: A. Period, Year, Entity
B. From Currency, Movement, Scenario
E. Data source, Consolidation, View
◉ Which is NOT a member of the Data Source Dimension created by
Financial Consolidation and Close (FCCS)?
A. FCCS_No Data Source
B. FCCS_Data Input
C. FCCS_SystemTypes
,D. FCCS_Proportion.
Answer: D. FCCS_Proportion
◉ 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. this setting will not affect additions or subtractions to the next
parent
B. subtract amounts consolidated to the parent
C. add amounts consolidated to the parent
D. you can't load data to this account.
Answer: A. this setting will not affect additions or subtractions to the
next parent
◉ Which four items are active components of the Currency
dimension? (Choose four.)
A. Entity Currency Adjustments
, B. Reporting Currencies
C. Input Currencies
D. Translated Currencies
E. Entity Currency
F. Parent Currency.
Answer: B. Reporting Currencies
C. Input Currencies
E. Entity Currency
F. Parent Currency
◉ Financial Consolidation Close Cloud maintains the status
calculation for which combination of dimensions?
A. Scenario, Account, Base Entity and Parent Entity
PAPER QUESTIONS AND SOLUTIONS
◉ What is the primary function of enabling the Track Intercompany
Elimination option during the application creation?
A. enables the Elimination member in the Consolidation dimension
B. process will separate total elimination values by Data Source.
C. enables the application to include Intercompany data.
D. enables the application to perform Intercompany eliminations.
Answer: B. process will separate total elimination values by Data
Source.
◉ Which three combinations of dimensions could be valid for a
Financial Consolidation and Close (FCCS) application? (Choose
three.)
A. Period, Year, Entity
,B. From Currency, Movement, Scenario
C. Multi-GAAP, Data Type, Intra-company
D. Value, Entity, Account
E. Data source, Consolidation, View.
Answer: A. Period, Year, Entity
B. From Currency, Movement, Scenario
E. Data source, Consolidation, View
◉ Which is NOT a member of the Data Source Dimension created by
Financial Consolidation and Close (FCCS)?
A. FCCS_No Data Source
B. FCCS_Data Input
C. FCCS_SystemTypes
,D. FCCS_Proportion.
Answer: D. FCCS_Proportion
◉ 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. this setting will not affect additions or subtractions to the next
parent
B. subtract amounts consolidated to the parent
C. add amounts consolidated to the parent
D. you can't load data to this account.
Answer: A. this setting will not affect additions or subtractions to the
next parent
◉ Which four items are active components of the Currency
dimension? (Choose four.)
A. Entity Currency Adjustments
, B. Reporting Currencies
C. Input Currencies
D. Translated Currencies
E. Entity Currency
F. Parent Currency.
Answer: B. Reporting Currencies
C. Input Currencies
E. Entity Currency
F. Parent Currency
◉ Financial Consolidation Close Cloud maintains the status
calculation for which combination of dimensions?
A. Scenario, Account, Base Entity and Parent Entity
