FCCS COMPREHENSIVE QUESTIONS AND
SOLUTIONS
◉ 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.
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
◉ 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
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.)
A. Data entry to the Common Stock account with the
FCCS_Amount Override member of the Consolidation dimension
and the Data Source member FCCS_Managed Data.
B. A journal entry to the Common Stock account with the
FCCS_Amount Override member of the Consolidation dimension
and the Data Source member FCCS_Journal Input.
C. Data entry to the Common Stock account with the Multi-GAAP
FCCS_Adjustments member and the Data Source member
FCCS_Data Input.
SOLUTIONS
◉ 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.
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
◉ 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
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.)
A. Data entry to the Common Stock account with the
FCCS_Amount Override member of the Consolidation dimension
and the Data Source member FCCS_Managed Data.
B. A journal entry to the Common Stock account with the
FCCS_Amount Override member of the Consolidation dimension
and the Data Source member FCCS_Journal Input.
C. Data entry to the Common Stock account with the Multi-GAAP
FCCS_Adjustments member and the Data Source member
FCCS_Data Input.
