Question 1

Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity

Input

member 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

UESTION NO: 64

An entity’s Common Stock balance is made up of data loaded through Data Management and an adjusting

journal entry posted in the application. The Common Stock balance must not re-translate each month.

What two data entries need to happen to have the Common Stock balance bypass the default translation of

equity accounts? (Choose two.)

Options :

A :

Data entry to the Common Stock account with the FCCS_Amount Override member of the

Consolidation dimension and the Data Source member FCCS_Managed Data.

B :

A journal entry to reverse the adjusted Common Stock balance with the Data Source member

FCCS_Journal Input.

C :

A journal entry to the Common Stock account with the FCCS_Amount Override member of the

Consolidation dimension and the Data Source member FCCS_Journal Input.

D :

Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the

Data Source member FCCS_Data Input.

Answer: B,D

Question 3

What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

Options :

A : this setting will not affect additions or subtractions to the next parent

B : subtract amounts consolidated to the parent

C : add amounts consolidated to the parent

D :

you can’t load data to this account

Answer: B

Question 4

A company is based in the United Kingdom and has an application currency set to GBP. The company collects

data from a United States based subsidiary. The subsidiary’s functional currency is USD.

Which two items facilitate the reporting of the subsidiary’s Common Stock balance at an historical rate in the

GBP reporting currency? (Choose two.)

Options :

A :

Common Stock must have an Exchange Rate Type set to Historical Rate Override.

B :

The subsidiary must have a balance not equal to zero in Common Stock.

C :

Common Stock must have a Data Storage property set to Never Share.

D :

USD must be created as a reporting currency.

E : The subsidiary must have a parent entity with a GBP currency.

Answer: A,B

Question 5

Which option can be used for quarter distributions on a 13-month time period calendar when creating a

Financial Consolidation and Close Cloud (FCCS) application?

Options :

A :

3-3-3-3

B : 3-3-3-4

C : 4-4-4-4

D : 4-4-4-5

Answer: B

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