FCCS Exam Questions With 100%
Accurate Answers Rated A+
1. Which components are prebuilt into Financial Consolidation and Close to provide a
configurable and scalable consolidation solution?
Calculations, dashboards, and reports built on planning frameworks to provide cash flow
planning
Pre-built integrations to combine narrative and data to produce both internal and
external reporting packages
Calculations, dashboards, and reports as well as detailed data source tracking and an
automated cash flow
Calculations, dashboards, and reports to provide analysis for cash flow modeling -
ANSWER-Calculations, dashboards, and reports as well as detailed data source
tracking and an automated cash flow
2. You can refresh the database on the Application page. You must refresh it whenever
you change the structure. Which action requires refreshing the database?
You edit the alias for a member in the Entity dimension.
You change the ownership percentage for an entity.
You edit the Consolidation Operator for a member in the Account dimension.
You deploy a new Configurable Calculation rule in Calculation Manager. - ANSWER-
You edit the Consolidation Operator for a member in the Account dimension.
,3. You routinely create a backup snapshot file of application artifacts and data as part of
system maintenance. Which navigation path would you use to create a snapshot file to
back up a form?
Open the form, select Actions, and then Export.
From the Home page, select Tools, and then Clone Snapshot.
From the Navigator menu, select Forms.
From the Home page, select Tools, and then Migration. - ANSWER-From the Home
page, select Tools, and then Migration.
4. You want to export Financial Consolidation and Close metadata to a file. What is the
fil type/file extension of data exports from Financial Consolidation and Close?
The data export format/file extension is always a ZIP file.
The data export format/file extension is always a DAT file.
The data export format/file extension is always a CSV file.
The data export format/file extension is always a XLS file. - ANSWER-The data export
format/file extension is always a ZIP file.
5. As a Service Administrator with Write access to data, you want to copy data from a
source POV to a destination POV. Which two statements about the Copy Data function
are true?
You cannot select which Account members to copy.
,You can copy data for historical rate and amount overrides.
You can select which Consolidation dimension member to copy.
When you select the Regular Data option, journal data is included. - ANSWER-You can
copy data for historical rate and amount overrides.
When you select the Regular Data option, journal data is included.
6. Which two are selections in the Workflow Option list on the Journals tab when
creating an Enterprise Journals template?
No Workflow
Prepare
Prepare ---> Lock
Prepare ---> Approve
Prepare ---> Post - ANSWER-Prepare
Prepare ---> Post
7. Which statement about Opening Balance Override rules is true?
You can select which entities to include in the rule scope.
You can select which accounts to include in the rule scope.
, They are available only if Intercompany Data with Tracking is enabled for business
process.
Opening Balance Override rules execute for the first period in the year only. -
ANSWER-Opening Balance Override rules execute for the first period in the year only.
8. As an administrator, you have defined an approval unit hierarchy and started the
approval process. After the process is started, the approval unit moves from one
reviewer to another until the process is complete. The approval unit has the status
Under Review. Who can modify data for the approval unit?
Only the administrator
The current owner Any user with Write access to the dimension members in the
approval unit
The current owner, Service Administrator, or Power User
The current owner or Service Administrator - ANSWER-The current owner or Service
Administrator
9. You create and run integrations from the Data Integration page. Where can you set
the default member for the Currency dimension in a data integration?
Run Integration dialog box
Location Attributes in the Create Integration dialog box
Map Members tab in the Create Integration dialog box
Options tab of the Application Details dialog box - ANSWER-Location Attributes in the
Create Integration dialog box
Accurate Answers Rated A+
1. Which components are prebuilt into Financial Consolidation and Close to provide a
configurable and scalable consolidation solution?
Calculations, dashboards, and reports built on planning frameworks to provide cash flow
planning
Pre-built integrations to combine narrative and data to produce both internal and
external reporting packages
Calculations, dashboards, and reports as well as detailed data source tracking and an
automated cash flow
Calculations, dashboards, and reports to provide analysis for cash flow modeling -
ANSWER-Calculations, dashboards, and reports as well as detailed data source
tracking and an automated cash flow
2. You can refresh the database on the Application page. You must refresh it whenever
you change the structure. Which action requires refreshing the database?
You edit the alias for a member in the Entity dimension.
You change the ownership percentage for an entity.
You edit the Consolidation Operator for a member in the Account dimension.
You deploy a new Configurable Calculation rule in Calculation Manager. - ANSWER-
You edit the Consolidation Operator for a member in the Account dimension.
,3. You routinely create a backup snapshot file of application artifacts and data as part of
system maintenance. Which navigation path would you use to create a snapshot file to
back up a form?
Open the form, select Actions, and then Export.
From the Home page, select Tools, and then Clone Snapshot.
From the Navigator menu, select Forms.
From the Home page, select Tools, and then Migration. - ANSWER-From the Home
page, select Tools, and then Migration.
4. You want to export Financial Consolidation and Close metadata to a file. What is the
fil type/file extension of data exports from Financial Consolidation and Close?
The data export format/file extension is always a ZIP file.
The data export format/file extension is always a DAT file.
The data export format/file extension is always a CSV file.
The data export format/file extension is always a XLS file. - ANSWER-The data export
format/file extension is always a ZIP file.
5. As a Service Administrator with Write access to data, you want to copy data from a
source POV to a destination POV. Which two statements about the Copy Data function
are true?
You cannot select which Account members to copy.
,You can copy data for historical rate and amount overrides.
You can select which Consolidation dimension member to copy.
When you select the Regular Data option, journal data is included. - ANSWER-You can
copy data for historical rate and amount overrides.
When you select the Regular Data option, journal data is included.
6. Which two are selections in the Workflow Option list on the Journals tab when
creating an Enterprise Journals template?
No Workflow
Prepare
Prepare ---> Lock
Prepare ---> Approve
Prepare ---> Post - ANSWER-Prepare
Prepare ---> Post
7. Which statement about Opening Balance Override rules is true?
You can select which entities to include in the rule scope.
You can select which accounts to include in the rule scope.
, They are available only if Intercompany Data with Tracking is enabled for business
process.
Opening Balance Override rules execute for the first period in the year only. -
ANSWER-Opening Balance Override rules execute for the first period in the year only.
8. As an administrator, you have defined an approval unit hierarchy and started the
approval process. After the process is started, the approval unit moves from one
reviewer to another until the process is complete. The approval unit has the status
Under Review. Who can modify data for the approval unit?
Only the administrator
The current owner Any user with Write access to the dimension members in the
approval unit
The current owner, Service Administrator, or Power User
The current owner or Service Administrator - ANSWER-The current owner or Service
Administrator
9. You create and run integrations from the Data Integration page. Where can you set
the default member for the Currency dimension in a data integration?
Run Integration dialog box
Location Attributes in the Create Integration dialog box
Map Members tab in the Create Integration dialog box
Options tab of the Application Details dialog box - ANSWER-Location Attributes in the
Create Integration dialog box
