Fccs Expected Questions With Verified Answers

FCCS EXPECTED QUESTIONS WITH VERIFIED
ANSWERS

Question 1.
To show the Intercompany account and matching account balances on the Intercompany
Matching Report, you make which selection?
A. Intercompany Accounts
B. Intercompany Partners
C. Intercompany Plug Accounts
D. Elimination Consolidation
Dimension member

ANSWER
C. Intercompany Plug Accounts



Question 2.
What member of the Currency dimension is associated with the Entity Input member of the
Consolidation dimension?
A. Base Currency
B. Parent Currency
C. Local Currency
D. Entity Currency

ANSWER
D. Entity Currency



Question 3.
PQR Hickory
H1
H2
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?





,A. First common parent
B. Generation 0
C. First order relation
D. Lowest common denominator

ANSWER
A. First common parent



Question 4.
By default, security access is set to "None" for which three dimensions? (Choose three.)
A. Movement
B. Data Source
C. Account
D. Entity
E. Year

ANSWER
B. Data Source
C. Account
D. Entity



Question 5.
Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the
Movement dimension? (Choose four.)
A. The Cash Change hierarchy cannot be modified.
B. All primary Movement members under the FCCS_Mvmts_Subtotal member must be included
in
the FCCS_CashFlow hierarchy.
C. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow
hierarchy has a Subtraction operator.
D. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the
FCCS_CashFlow
hierarchy.
E. Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.






,F. Siblings can be added to the FCCS_CashFlow_Investing member.

ANSWER
A. The Cash Change hierarchy cannot be modified.
B. All primary Movement members under the FCCS_Mvmts_Subtotal member must be
included in
the FCCS_CashFlow hierarchy.
C. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow
hierarchy has a Subtraction operator.
D. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the
FCCS_CashFlow
hierarchy.



Question 6.
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
Account
attribute
B. during application creation and selecting the Intercompany Data feature option
C. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity
attribute
D. during application creation and selecting the Multi-source Data Input of Other Data

ANSWER
B. during application creation and selecting the Intercompany Data feature option



Question 7.
If the Common Stock of an entity is translating at an historical rate from prior year, what occurs if
there is current period activity and no rate specified for the current activity?
A)The new Common Stock balance will remain at the same translated rate as the prior period
B)The Common Stock current activity will translate at the historical rate in place from the prior
year
C)The Common Stock current activity will translate at the current Ending Rate
D)The Common Stock current activity will translate at the current Average Rate

ANSWER
D)The Common Stock current activity will translate at the current Average Rate






, Question 8.
Which statement is false regarding establishing security for Financial Consolidation and Close
(FCCS)?
A. All members are accessible for dimensions with no security applied.
B. The Identity Domain Administrator inherits full access privileges.
C. Security is mandatory for one dimension.
D. Security can be assigned at a parent level.
E. Security can be disabled for any dimension.

ANSWER
B. The Identity Domain Administrator inherits full access privileges.



Question 9.
Which three combinations of dimensions could be valid for a Financial Consolidation and
Close (FCCS) application? (Choose three.)
A. Period, Year, Entity
B. From Currency, Movement, Scenario
C. Multi-GAAP, Data Type, Intra-company
D. Value, Entity, Account
E. Data source, Consolidation, View

ANSWER
A. Period, Year, Entity
B. From Currency, Movement, Scenario
E. Data source, Consolidation, View



Question 10.
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".