FCCS EXAM SCRIPT 2026 FULL SOLUTION
QUESTIONS AND ANSWERS GRADED A+
⩥ Which three tasks can users perform on Financial Consolidated Close
Cloud data with Smart View in Excel? (Choose three.)
A. Submit data
B. Adjust data with Journals
C. Retrieve data
D. Run a rule such as Consolidate or Translate.
Answer: A. Submit data
C. Retrieve data
D. Run a rule such as Consolidate or Translate
⩥ The close cycle covers seven days and consists of three days of pre-
close preparation tasks, one day to close the books, and then three days
of reviewing, analyzing, and reporting. To define a Close Manager task
template to monitor all seven days, which range should you define?
,A. Day -3 to Day 4
B. Day -3 to Day 3
C. Day 1 to Day 7
D. Day -2 to Day 4.
Answer: B. Day -3 to Day 3
⩥ When you set the Intercompany Account Attribute Value to Yes,
which additional attribute must also be set?
A. Plug Account
B. Intercompany Account
C. Is Plug Account
D. Intercompany Entity.
Answer: A. Plug Account
,⩥ Three child entities - P, Q, and R - of a mid-level parent entity -
AceCo - have account receivables in the amounts of 10, 20, and 30,
respectively. Which statement contains conditions for all three entities
that would cause the account receivable balance amount at AceCo not to
be 60?
A. P has the same currency as AceCo, Q is 100% owned, and R has 10
of the 30 as an intercompany receivable balance with another division
that is not a descendant of AceCo.
B. P has the same currency as AceCo, Q is 90% owned, and R has 10 of
the 30 as an intercompany receivable balance with another division that
is not a descendant of AceCo.
C. P has a different currency than AceCo, Q is 40% owned, and R has 10
of the 30 as an intercompany receivable balance with Q.
D. P has a different currency than AceCo, Q is 100% owned, and R has
10 of the 30 as an intercompany receivable balance with Q..
Answer: C. P has a different currency than AceCo, Q is 40% owned, and
R has 10 of the 30 as an intercompany receivable balance with Q.
(Dan's: B)
⩥ In Financial Close Manager, when would you choose to define tasks
in a Template rather than create a new Schedule each month?
, A. when the tasks are repeatable over multiple close cycles
B. when the tasks require consistent definition across close schedules
C. when the tasks are often late in completion and they need to be
monitored more closely
D. when the tasks require multiple levels of approvers.
Answer: A. when the tasks are repeatable over multiple close cycles
⩥ If the Alias of an Entity that marked as "Is Intercompany" and is later
changed, what happens to the corresponding Intercompany member
Alias?
A. The Intercompany Alias is set to the Entity Name.
B. The Intercompany Alias is automatically changed to the new Entity
Alias.
C. The Intercompany Alias is not automatically changed to the new
Entity Alias.
QUESTIONS AND ANSWERS GRADED A+
⩥ Which three tasks can users perform on Financial Consolidated Close
Cloud data with Smart View in Excel? (Choose three.)
A. Submit data
B. Adjust data with Journals
C. Retrieve data
D. Run a rule such as Consolidate or Translate.
Answer: A. Submit data
C. Retrieve data
D. Run a rule such as Consolidate or Translate
⩥ The close cycle covers seven days and consists of three days of pre-
close preparation tasks, one day to close the books, and then three days
of reviewing, analyzing, and reporting. To define a Close Manager task
template to monitor all seven days, which range should you define?
,A. Day -3 to Day 4
B. Day -3 to Day 3
C. Day 1 to Day 7
D. Day -2 to Day 4.
Answer: B. Day -3 to Day 3
⩥ When you set the Intercompany Account Attribute Value to Yes,
which additional attribute must also be set?
A. Plug Account
B. Intercompany Account
C. Is Plug Account
D. Intercompany Entity.
Answer: A. Plug Account
,⩥ Three child entities - P, Q, and R - of a mid-level parent entity -
AceCo - have account receivables in the amounts of 10, 20, and 30,
respectively. Which statement contains conditions for all three entities
that would cause the account receivable balance amount at AceCo not to
be 60?
A. P has the same currency as AceCo, Q is 100% owned, and R has 10
of the 30 as an intercompany receivable balance with another division
that is not a descendant of AceCo.
B. P has the same currency as AceCo, Q is 90% owned, and R has 10 of
the 30 as an intercompany receivable balance with another division that
is not a descendant of AceCo.
C. P has a different currency than AceCo, Q is 40% owned, and R has 10
of the 30 as an intercompany receivable balance with Q.
D. P has a different currency than AceCo, Q is 100% owned, and R has
10 of the 30 as an intercompany receivable balance with Q..
Answer: C. P has a different currency than AceCo, Q is 40% owned, and
R has 10 of the 30 as an intercompany receivable balance with Q.
(Dan's: B)
⩥ In Financial Close Manager, when would you choose to define tasks
in a Template rather than create a new Schedule each month?
, A. when the tasks are repeatable over multiple close cycles
B. when the tasks require consistent definition across close schedules
C. when the tasks are often late in completion and they need to be
monitored more closely
D. when the tasks require multiple levels of approvers.
Answer: A. when the tasks are repeatable over multiple close cycles
⩥ If the Alias of an Entity that marked as "Is Intercompany" and is later
changed, what happens to the corresponding Intercompany member
Alias?
A. The Intercompany Alias is set to the Entity Name.
B. The Intercompany Alias is automatically changed to the new Entity
Alias.
C. The Intercompany Alias is not automatically changed to the new
Entity Alias.
