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FCCS CERTIFICATION EXAM NEWEST 2025
ACTUAL EXAM COMPLETE 160 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||LATEST
VERSION!!
Company 123 is a public company that reports in US
Dollars. Company 123 owns Company XYZ, a
European company that consolidates in Euro. One
of the Company XYZ's subsidiaries is Company
IOU, headquartered in Switzerland with a functional
currency of the Swiss Franc. Which process
produces USD balances for Company IOU?
A. A translation to the USD_Reporting currency
member for Company IOU
B. A translation of Company IOU
C. A consolidation of Company 123
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D. A consolidation of Company XYZ
E. A translation of Company XYZ to Parent Currency
- Answer-E. A translation of Company XYZ to Parent
Currency
Which statement is correct regarding intercompany
eliminations?
A. Intercompany eliminations are generally required
to remove the effect of transactions within the
company
B. Intercompany eliminations are required for
sustainability reporting to show the company's waste
output.
C. Intercompany eliminations are optional in FCCS
and use one of the custom dimensions when
enabled.
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D. Intercompany eliminations are needed when a
company divests itself of a division - Answer-A.
Intercompany eliminations are generally required to
remove the effect of transactions within the company
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
Which statement is false regarding establishing
security for Financial Consolidation and Close
(FCCS)?
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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-A. All members are accessible for
dimensions with no security applied.
Which three fields must be defined when registering
a file-based source system in Data Management?
(Choose three.)
A. Source Type
FCCS CERTIFICATION EXAM NEWEST 2025
ACTUAL EXAM COMPLETE 160 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||LATEST
VERSION!!
Company 123 is a public company that reports in US
Dollars. Company 123 owns Company XYZ, a
European company that consolidates in Euro. One
of the Company XYZ's subsidiaries is Company
IOU, headquartered in Switzerland with a functional
currency of the Swiss Franc. Which process
produces USD balances for Company IOU?
A. A translation to the USD_Reporting currency
member for Company IOU
B. A translation of Company IOU
C. A consolidation of Company 123
,2|Page
D. A consolidation of Company XYZ
E. A translation of Company XYZ to Parent Currency
- Answer-E. A translation of Company XYZ to Parent
Currency
Which statement is correct regarding intercompany
eliminations?
A. Intercompany eliminations are generally required
to remove the effect of transactions within the
company
B. Intercompany eliminations are required for
sustainability reporting to show the company's waste
output.
C. Intercompany eliminations are optional in FCCS
and use one of the custom dimensions when
enabled.
,3|Page
D. Intercompany eliminations are needed when a
company divests itself of a division - Answer-A.
Intercompany eliminations are generally required to
remove the effect of transactions within the company
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
Which statement is false regarding establishing
security for Financial Consolidation and Close
(FCCS)?
, 4|Page
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-A. All members are accessible for
dimensions with no security applied.
Which three fields must be defined when registering
a file-based source system in Data Management?
(Choose three.)
A. Source Type
