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QUESTION NO: 1
Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?
A. Year, Scenario, Base Entity and Account
B. Period, Scenario, Base Entity and Parent Entity
C. Scenario, Account, Base Entity and Parent Entity
D. Scenario, View, Parent Entity and Account
Answer: B

QUESTION NO: 2
You have added a new task to a close schedule with a task due date past the defined end date of the schedule.
What is the result of the change?
A. The schedule end date changes to match the end date of the task.
B. The new task will run outside of the schedule end date.
C. The task will not run.
D. An error, you can't add a new task past the due date.
Answer: B

QUESTION NO: 3
What is the correct Currency dimension member to select when running an Intercompany
Matching Report?
A. Input Currency
B. Parent Currency
C. Reporting Currency
D. Entity Currency
Answer: C

QUESTION NO: 4
Which statement is correct regarding intercompany eliminations?
A. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.
B. Intercompany eliminations are generally required to remove the effect of transactions within the company.
C. Intercompany eliminations are needed when a company divests itself of a division.
D. Intercompany eliminations are required for sustainability reporting to show the company's waste output.
Answer: B

QUESTION NO: 5
Which two data extract export file types are available within Financial Consolidation and Close
(FCCS)?
(Choose two.)
A. Excel XLS file type
B. Comma delimited
C. Tab delimited
D. DAT file type
Answer: B,C

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Updated: May 28, 2022