FCCS Practice Exam Q/A 2024/2025
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1. 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 - 🧠ANSWER ✔✔A.
when the tasks are repeatable over multiple close cycles
2. Which two data extract export file types are available within Financial
Consolidation and Close (FCCS)?
(Choose two.)
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,A. DAT file type
B. Excel XLS file type
C. Comma delimited
D. Tab delimited - 🧠ANSWER ✔✔C. Comma delimited
D. Tab delimited
3. 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.
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,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. - 🧠ANSWER ✔✔A. The script can be eliminated
by using a multi-dim map on the Product dimension that also looks for the
account Sales.
4. 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.
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, 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. - 🧠ANSWER ✔✔B. January and February should be
consolidated.
5. 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. - 🧠ANSWER ✔✔D. The dimension aggregates input,
consolidated, and elimination data together.
6. Which statement is true regarding Data Management categories?
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Exam Questions and Answers 100%
Guaranteed Success | Already Rated A+
1. 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 - 🧠ANSWER ✔✔A.
when the tasks are repeatable over multiple close cycles
2. Which two data extract export file types are available within Financial
Consolidation and Close (FCCS)?
(Choose two.)
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
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PRIVACY STATEMENT. ALL RIGHTS RESERVED
,A. DAT file type
B. Excel XLS file type
C. Comma delimited
D. Tab delimited - 🧠ANSWER ✔✔C. Comma delimited
D. Tab delimited
3. 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.
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
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PRIVACY STATEMENT. ALL RIGHTS RESERVED
,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. - 🧠ANSWER ✔✔A. The script can be eliminated
by using a multi-dim map on the Product dimension that also looks for the
account Sales.
4. 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.
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
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PRIVACY STATEMENT. ALL RIGHTS RESERVED
, 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. - 🧠ANSWER ✔✔B. January and February should be
consolidated.
5. 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. - 🧠ANSWER ✔✔D. The dimension aggregates input,
consolidated, and elimination data together.
6. Which statement is true regarding Data Management categories?
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