Q-FCCS questions with correct answers
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 Correct Answer-
A. when the tasks are repeatable over multiple close cycles
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.
D. The dimension aggregates input, consolidated, and elimination data
together. Correct Answer-D. The dimension aggregates input,
consolidated, and elimination data together.
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 Application Mapping tab
B. Categories must begin with FCCS_ to match their Financial
Consolidation and Close counterparts.
C. Application mapping is not required if the global mapping target
category is exactly correct.
D. The category's time frequency allows data to be loaded to daily,
weekly, and monthly scenarios. Correct Answer-C. Application mapping
is not required if the global mapping target category is exactly correct.
A client company has expanded quickly in the past year and has
recognized the need to move their financial team off spreadsheets and to
a more verifiable and automated solution. Which two requirements from
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 Correct Answer-
A. when the tasks are repeatable over multiple close cycles
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.
D. The dimension aggregates input, consolidated, and elimination data
together. Correct Answer-D. The dimension aggregates input,
consolidated, and elimination data together.
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 Application Mapping tab
B. Categories must begin with FCCS_ to match their Financial
Consolidation and Close counterparts.
C. Application mapping is not required if the global mapping target
category is exactly correct.
D. The category's time frequency allows data to be loaded to daily,
weekly, and monthly scenarios. Correct Answer-C. Application mapping
is not required if the global mapping target category is exactly correct.
A client company has expanded quickly in the past year and has
recognized the need to move their financial team off spreadsheets and to
a more verifiable and automated solution. Which two requirements from
