FCCS Cert questions with correct answers
Which dimension includes the FCCS_Global Assumption member that
is used to store currency information? Correct Answer-Entity (some say
From Currency)
For which scenario would an On-Demand rule be an appropriate
solution? Correct Answer-To copy data from one scenario to a different
scenario
What member of the Consolidation dimension aggregates the Proportion
member and the Elimination members? Correct Answer-
FCCS_Contribution
When defining a batch in Data Management, which statement is True?
Correct Answer-Batches can execute data loads for multiple locations
Which two members of the Consolidation dimension cause the standard
foreign currency translation rules to be ignored? (2 answers) Correct
Answer-FCCS_Amount Override
FCCS_Rate Override
When a Financial Consolidation and Close (FCCS) application was
created, no intercompany options were enabled. Which statement is
true? Correct Answer-The ICP dimension will be omitted
PQR
, |__Hickory
| |__H_1
| |__H_2
|__Paducah
|__P_1
|__P_2
PQR Company has the ownership structure shown above.
If H_1 lends money to P_2, the intercompany elimination of H_1's
receivable occurs as data from Hickory consolidates into PQR. What is
this principle called? Correct Answer-First common parent
When can the Intercompany Dimension be enabled and n=made visible
within your application? Correct Answer-During application creation
and selecting the Intercompany Data feature option
Which three key requirements does the Financial Consolidation and
Close Cloud Service (FCCS) deliver to ensure a modern consolidation
and close solution? (3 answers) Correct Answer-Provide a strong
compliance framework that includes auditing and segregation of duties.
Integrate with source systems.
Ensure security of sensitive data.
Which two are required fields when registering a source system in Data
Management? (2 answers) Correct Answer-Drill through URL
Which dimension includes the FCCS_Global Assumption member that
is used to store currency information? Correct Answer-Entity (some say
From Currency)
For which scenario would an On-Demand rule be an appropriate
solution? Correct Answer-To copy data from one scenario to a different
scenario
What member of the Consolidation dimension aggregates the Proportion
member and the Elimination members? Correct Answer-
FCCS_Contribution
When defining a batch in Data Management, which statement is True?
Correct Answer-Batches can execute data loads for multiple locations
Which two members of the Consolidation dimension cause the standard
foreign currency translation rules to be ignored? (2 answers) Correct
Answer-FCCS_Amount Override
FCCS_Rate Override
When a Financial Consolidation and Close (FCCS) application was
created, no intercompany options were enabled. Which statement is
true? Correct Answer-The ICP dimension will be omitted
PQR
, |__Hickory
| |__H_1
| |__H_2
|__Paducah
|__P_1
|__P_2
PQR Company has the ownership structure shown above.
If H_1 lends money to P_2, the intercompany elimination of H_1's
receivable occurs as data from Hickory consolidates into PQR. What is
this principle called? Correct Answer-First common parent
When can the Intercompany Dimension be enabled and n=made visible
within your application? Correct Answer-During application creation
and selecting the Intercompany Data feature option
Which three key requirements does the Financial Consolidation and
Close Cloud Service (FCCS) deliver to ensure a modern consolidation
and close solution? (3 answers) Correct Answer-Provide a strong
compliance framework that includes auditing and segregation of duties.
Integrate with source systems.
Ensure security of sensitive data.
Which two are required fields when registering a source system in Data
Management? (2 answers) Correct Answer-Drill through URL
