Question 1

Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_EntityInputmember might be different than the data in the FCCS_Proportion member?

Options :

A : A rate was entered into the FCCS_Rate Override account.

B : An ownership percentage for the entity other than 100 was entered.

C : An intercompany elimination was performed.

D : The parent entity has a different currency than the child.

Answer: B

Question 2

When designing a report in Financial Reporting Studio, which condition should NOT be considered for aFinancial Consolidation and Close (FCCS) report?

Options :

A : Designing dynamic reports

B : Expanded vs. single data segments

C : Report performance

D : Suppress missing blocks

Answer: D

Question 3

A company would like to capture Fixed Asset additions and disposals within the Movement dimension.Which three tasks are necessary to achieve this goal? (Choose three.)

Options :

A : Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals

B : Add custom members for Additions and Disposals as dependents ofFCCS_Mvmts_CapitalExpenditures.

C : Load detailed Fixed Asset data to Movement members.

D : Add custom Movement members to the FCCS_CashFlow hierarchy.

E : Create a Roll Forward in the account dimension.

Answer: A,B,C

Question 4

In Financial Close Manager, when would you choose to define tasks in a Template rather than create a newSchedule each month?

Options :

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

Question 5

What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

Options :

A : The data export format / file extension is always extracted in a XLS file format.

B : The data export format / file extension is always extracted in a ZIP file format.

C : The data export format / file extension is always extracted in a DAT file format.

D : The data export format / file extension is always extracted in a CSV file format.

Answer: A,C

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