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FCCS Exam | latest|COMPREHENSIVE
MOST TESTED (frequently tested)
QUESTIONS AND VERIFIED ANSWERS |
GET IT 100% ACCURATE!!
Which statement is FALSE when setting up Shared Entities?
A. The calculation status will not change in all instances when data is changed in
one instance.
B. The Data Storage Member Property must set to "Dynamic Calc".
C. You build an alternate hierarchy by using partial share Entity members.
D. When data is posted to one shared entity, the data is posted to all instances. -
(ANSWER)B. The Data Storage Member Property must set to "Dynamic Calc".
You have added a new task to a close schedule with a task due date past the
defined end date of the schedule. What is the result of the change?
A. The task will not run.
B. An error, you can't add a new task past the due date.
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C. The new task will run outside of the schedule end date.
D. The schedule end date changes to match the end date of the task. -
(ANSWER)C. The new task will run outside of the schedule end date.
Changes in the balance of Accounts Payable are captured on a company's Cash
Flow Report.
Which two dimension members must be built into the row of the company's Cash
Flow to report the impact of Accounts Payable? (Choose two.)
A. FCCS_CashFlow_Accounts Payable account member
B. FCCS_Total Balance Sheet - Cash and NonCash account member
C. FCCS_Accounts Payable account member
D. FCCS_CashChange movement member
E. FCCS_CashFlow_Operating movement member - (ANSWER)A.
FCCS_CashFlow_Accounts Payable account member
B. FCCS_Total Balance Sheet - Cash and NonCash account member
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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. you can't load data to this account
B. subtract amounts consolidated to the parent
C. add amounts consolidated to the parent
D. this setting will not affect additions or subtractions to the next parent -
(ANSWER)B. subtract amounts consolidated to the parent
Financial Consolidation Close Cloud maintains the status calculation for which
combination of dimensions?
A. Scenario, Account, Base Entity and Parent Entity
B. Year, Scenario, Base Entity and Account
C. Scenario, View, Parent Entity and Account
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D. Period, Scenario, Base Entity and Parent Entity - (ANSWER)D. Period, Scenario,
Base Entity and Parent Entity
What can the Intercompany Dimension be enabled and made visible within your
application?
A. after application creation by selecting any Account as IC_Acc_Yes for the
Intercompany Entity attribute
B. during application creation and selecting the Intercompany Data feature option
C. during application creation and selecting the Multi-source Data Input of Other
Data
D. after application creation by selecting any Account as IC_Acc_Yes for the
Intercompany Account attribute - (ANSWER)B. during application creation and
selecting the Intercompany Data feature option
An entity's Common Stock balance is made up of data loaded through Data
Management and an adjusting journal entry posted in the application. The
Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass
the default translation of equity accounts? (Choose two.)
FCCS Exam | latest|COMPREHENSIVE
MOST TESTED (frequently tested)
QUESTIONS AND VERIFIED ANSWERS |
GET IT 100% ACCURATE!!
Which statement is FALSE when setting up Shared Entities?
A. The calculation status will not change in all instances when data is changed in
one instance.
B. The Data Storage Member Property must set to "Dynamic Calc".
C. You build an alternate hierarchy by using partial share Entity members.
D. When data is posted to one shared entity, the data is posted to all instances. -
(ANSWER)B. The Data Storage Member Property must set to "Dynamic Calc".
You have added a new task to a close schedule with a task due date past the
defined end date of the schedule. What is the result of the change?
A. The task will not run.
B. An error, you can't add a new task past the due date.
,2
C. The new task will run outside of the schedule end date.
D. The schedule end date changes to match the end date of the task. -
(ANSWER)C. The new task will run outside of the schedule end date.
Changes in the balance of Accounts Payable are captured on a company's Cash
Flow Report.
Which two dimension members must be built into the row of the company's Cash
Flow to report the impact of Accounts Payable? (Choose two.)
A. FCCS_CashFlow_Accounts Payable account member
B. FCCS_Total Balance Sheet - Cash and NonCash account member
C. FCCS_Accounts Payable account member
D. FCCS_CashChange movement member
E. FCCS_CashFlow_Operating movement member - (ANSWER)A.
FCCS_CashFlow_Accounts Payable account member
B. FCCS_Total Balance Sheet - Cash and NonCash account member
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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. you can't load data to this account
B. subtract amounts consolidated to the parent
C. add amounts consolidated to the parent
D. this setting will not affect additions or subtractions to the next parent -
(ANSWER)B. subtract amounts consolidated to the parent
Financial Consolidation Close Cloud maintains the status calculation for which
combination of dimensions?
A. Scenario, Account, Base Entity and Parent Entity
B. Year, Scenario, Base Entity and Account
C. Scenario, View, Parent Entity and Account
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D. Period, Scenario, Base Entity and Parent Entity - (ANSWER)D. Period, Scenario,
Base Entity and Parent Entity
What can the Intercompany Dimension be enabled and made visible within your
application?
A. after application creation by selecting any Account as IC_Acc_Yes for the
Intercompany Entity attribute
B. during application creation and selecting the Intercompany Data feature option
C. during application creation and selecting the Multi-source Data Input of Other
Data
D. after application creation by selecting any Account as IC_Acc_Yes for the
Intercompany Account attribute - (ANSWER)B. during application creation and
selecting the Intercompany Data feature option
An entity's Common Stock balance is made up of data loaded through Data
Management and an adjusting journal entry posted in the application. The
Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass
the default translation of equity accounts? (Choose two.)
