Which of the following components is NOT included in the Financial Consolidation and Close Cloud integrated product suite?

• A. Process Management
• B. Account Reconciliation Management
• C. Data Management
• D. Financial Close Management

Answer: (B)

The thing being tested is which capability is not part of the FCCS Cloud integrated product set. Within the FCCS suite, you get tools that support the close process itself: Process Management for orchestrating and tracking close tasks, Data Management for loading and transforming data into FCCS, and Financial Close Management for calendars, assignments, and approvals around the close. Account Reconciliation Management, on the other hand, is a separate cloud service focused on reconciliations. It isn’t included in the FCCS integrated product suite by default, though it can be integrated with FCCS if an organization chooses to use both. So the option that does not belong to the FCCS integrated suite is Account Reconciliation Management.