FCCS FINAL EXAM ACTUAL QUESTIONS AND ANSWERS
SURE A+
✔✔Which two members of the Data Source dimension are optional when you create a
Financial Consolidation and Close (FCCS) application? - ✔✔FCCS_Intercompany
Eliminations
FCCS_Journal Input
✔✔What member of the Consolidation dimension aggregates the Proportion member
and the Elimination members? - ✔✔FCCS_Contribution
✔✔What member of the Currency dimension is associated with the Entity Input member
of the Consolidation dimension? - ✔✔Entity Currency
✔✔A company has two subsidiaries with 1000 EURO each in the Cash account. Which
four Consolidation members will reflect 2000 EURO at the company's balance? -
✔✔FCCS_Entity Consolidation
FCCS_Entity Total
FCCS_Proportion
FCCS_Contribution
✔✔Which two members of the Consolidation dimension cause the standard foreign
currency translation rules to be ignored? - ✔✔FCCS_Rate Override
FCCS_Amount_Override
✔✔Which four items are active components of the Currency dimension? - ✔✔Reporting
Currencies
Parent Currency
Input Currencies
Entity Currency
✔✔Which item describes the use for the Currency dimension property called
Triangulation Currency? - ✔✔The ability to calculate foreign exchange rates
✔✔Which dimension includes the FCCS_Global Assumption member that is used to
store currency information? - ✔✔Entity
, ✔✔Which statement is FALSE when setting up Shared Entities? - ✔✔The Data Storage
Member Property must be set to "Dynamic Calc".
✔✔If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what
happens to the corresponding Intercompany member Alias? - ✔✔The Intercompany
Alias is not automatically changed to the new Entity Alias.
✔✔Which statement accurately describes alternate hierarchies? - ✔✔Single entities
having multiple parents
✔✔Which statement is FALSE when enabling Intercompany within an application? -
✔✔Members of the Intercompany dimension must be manually created.
✔✔When you set the Intercompany Account Attribute Value to Yes, which additional
attribute must also be set? - ✔✔Plug Account
✔✔If the Intercompany Property for an Entity is changed from marked to unmarked,
which result occurs? - ✔✔The associated Intercompany member must be manually
removed.
✔✔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? -
✔✔FCCS_CashFlow_AccountsPayable movement member
FCCS_Total Balance Sheet - Cash and NonCash account member
✔✔In which two instances will the FCCS_Mvmts_FX_to_CTA movement member
populate in a translated currency? - ✔✔Movement of FX impact for historical rate
accounts to the FCCS_CTA account
The account is FCCS_Net Income
✔✔A company would like to capture Fixed Asset additions and disposals within the
Movement dimension. Which three tasks are necessary to achieve this goal? - ✔✔Build
a custom Movement member for Fixed Assets with dependent custom members for
Additions and Disposals.
Load detailed Fixed Asset data to Movement members.
Add custom Movement members to the FCCS_CashFlow hierarchy.
SURE A+
✔✔Which two members of the Data Source dimension are optional when you create a
Financial Consolidation and Close (FCCS) application? - ✔✔FCCS_Intercompany
Eliminations
FCCS_Journal Input
✔✔What member of the Consolidation dimension aggregates the Proportion member
and the Elimination members? - ✔✔FCCS_Contribution
✔✔What member of the Currency dimension is associated with the Entity Input member
of the Consolidation dimension? - ✔✔Entity Currency
✔✔A company has two subsidiaries with 1000 EURO each in the Cash account. Which
four Consolidation members will reflect 2000 EURO at the company's balance? -
✔✔FCCS_Entity Consolidation
FCCS_Entity Total
FCCS_Proportion
FCCS_Contribution
✔✔Which two members of the Consolidation dimension cause the standard foreign
currency translation rules to be ignored? - ✔✔FCCS_Rate Override
FCCS_Amount_Override
✔✔Which four items are active components of the Currency dimension? - ✔✔Reporting
Currencies
Parent Currency
Input Currencies
Entity Currency
✔✔Which item describes the use for the Currency dimension property called
Triangulation Currency? - ✔✔The ability to calculate foreign exchange rates
✔✔Which dimension includes the FCCS_Global Assumption member that is used to
store currency information? - ✔✔Entity
, ✔✔Which statement is FALSE when setting up Shared Entities? - ✔✔The Data Storage
Member Property must be set to "Dynamic Calc".
✔✔If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what
happens to the corresponding Intercompany member Alias? - ✔✔The Intercompany
Alias is not automatically changed to the new Entity Alias.
✔✔Which statement accurately describes alternate hierarchies? - ✔✔Single entities
having multiple parents
✔✔Which statement is FALSE when enabling Intercompany within an application? -
✔✔Members of the Intercompany dimension must be manually created.
✔✔When you set the Intercompany Account Attribute Value to Yes, which additional
attribute must also be set? - ✔✔Plug Account
✔✔If the Intercompany Property for an Entity is changed from marked to unmarked,
which result occurs? - ✔✔The associated Intercompany member must be manually
removed.
✔✔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? -
✔✔FCCS_CashFlow_AccountsPayable movement member
FCCS_Total Balance Sheet - Cash and NonCash account member
✔✔In which two instances will the FCCS_Mvmts_FX_to_CTA movement member
populate in a translated currency? - ✔✔Movement of FX impact for historical rate
accounts to the FCCS_CTA account
The account is FCCS_Net Income
✔✔A company would like to capture Fixed Asset additions and disposals within the
Movement dimension. Which three tasks are necessary to achieve this goal? - ✔✔Build
a custom Movement member for Fixed Assets with dependent custom members for
Additions and Disposals.
Load detailed Fixed Asset data to Movement members.
Add custom Movement members to the FCCS_CashFlow hierarchy.
