IBM COG-706 : IBM Cognos Financial Statement Reporting Developer

COG-706 testking pdf

Exam Code: COG-706

Exam Name: IBM Cognos Financial Statement Reporting Developer

Updated: Oct 06, 2026

Q & A: 60 Questions and Answers

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IBM COG-706 Exam Syllabus Topics:

SectionWeightObjectives
Advanced Features and Troubleshooting10%- XBRL reporting functionality
- Diagnosing and resolving common issues
- Exporting and publishing reports
Workflow and Process Management15%- Version control and rollover
- Defining and managing workflows
- Review and approval processes
Report Design and Creation30%- Working with Excel and Word objects
- Including notes, disclosures, and charts
- Building report structures and sections
- Formatting financial statements
Installation and Configuration20%- System requirements and supported environments
- Database setup and configuration
- Security and user management
- Installing and upgrading FSR
Data Management25%- Using variables and query objects
- Connecting to data sources
- OLAP and relational data integration
- Importing and loading data

IBM Cognos Financial Statement Reporting Developer Sample Questions:

Question #1

When a user is in the process of creating a report, there is an option to "Copy Report". What does this do?

  • A. Copy Report ensures the variables will not be carried over.
  • B. Copy Report updates reference variables in a report automatically.
  • C. Copy Report enables shared objects to work appropriately.
  • D. Copy Report copies the selected report into a new one.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #2

FSR was successfully installed at a client site. All users who will be using the application have been created and are currently using the product. A new user joined the team so a new account was created and flagged as an FSR user. Now all users are receiving "The number of Clarity FSR users exceeds the number of licenses you have purchased" message. What is the problem?

  • A. The client's license is now being exceeded by the new user.
  • B. The new user has not been given any permissions in SQL Server.
  • C. The FSR license needs to be re-applied since there is now a new user.
  • D. The user will need to change the FSR registry key to enable FSR access.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #3

Validation rules that are created to reconcile the numbers throughout the report automatically bring a report validation screen upon the generation of the entire report. What is another way by which a user can verify the validation of an FSR report?

  • A. The users can navigate to the report summary window to validate the report.
  • B. The users can navigate to the report setup for the validations.
  • C. The users can select Tools > Validate Report.
  • D. The users can click on Tools > Reference Variables.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #4

A client is attempting to install the FSR databases to use in a testing scenario. Which three Microsoft SQL versions are currently supported? (Choose three.)

  • A. SQL Server 2008 R2
  • B. SQL Server 2000 original release
  • C. SQL Server 7 SP2
  • D. SQL Server 2000 SP4
  • E. SQL Server 2005
Reveal Solution  Discussion  0

Correct Answer: A,D,E  🗳️

Question #5

A company has recently purchased the XBRL module to enable them to submit their latest financial results to the appropriate government financial reporting body. Which two steps need to be taken to install this module? (Choose two.)

  • A. Install the updated license key to enable XBRL/XET at the server level.
  • B. Create an XBRL template and assign a user access to this template.
  • C. From the User Administration screen, enable the XBRL and XET options for the user who will be submitting the reports.
  • D. Download the latest release of XBRL from Customer Care and install it on the desktop of the user who will be submitting the reports.
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

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