IBM Cognos Financial Statement Reporting Developer : COG-706

COG-706 real exams

Exam Code: COG-706

Exam Name: IBM Cognos Financial Statement Reporting Developer

Updated: Sep 11, 2026

Q & A: 60 Questions and Answers

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IBM COG-706 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Report Design and Creation30%- Working with Excel and Word objects
- Building report structures and sections
- Formatting financial statements
- Including notes, disclosures, and charts
Topic 2: Workflow and Process Management15%- Version control and rollover
- Defining and managing workflows
- Review and approval processes
Topic 3: Advanced Features and Troubleshooting10%- Exporting and publishing reports
- Diagnosing and resolving common issues
- XBRL reporting functionality
Topic 4: Data Management25%- OLAP and relational data integration
- Using variables and query objects
- Importing and loading data
- Connecting to data sources
Topic 5: Installation and Configuration20%- Installing and upgrading FSR
- Security and user management
- Database setup and configuration
- System requirements and supported environments

IBM Cognos Financial Statement Reporting Developer Sample Questions:

Question #1

When selecting automatic note numbering, it is important to use a correct note variable naming convention. You should choose a note variable name that corresponds to the line item that will contain the note. For example, if a note will correspond to the line item: receivables from affiliated parties, you would use ##RAP. Using this logic, which two choices are valid note variables? (Choose two.)

  • A. ##IACS
  • B. ##IRE
  • C. ##PEOC
  • D. ##WR
Answer: A,C
Question #2

A client is loading data from an Excel spreadsheet but is not certain whether to enable the Allow query variables in the path and sheet name. What do you tell the client?

  • A. This feature will provide a dynamic link to Excel source files during the rollover process.
  • B. This should never be enabled; it is not a supported function in the current version.
  • C. This feature will enable you to link data across reports.
  • D. This feature needs to be used to be able to load an Excel sheet; if it is not selected, the user will receive an error when trying to complete the load.
Answer: A
Question #3

Click the Exhibit button.

You want to edit the source of the data using the data wizard. In the exhibit, which selection on the FSR toolbar should be selected?

  • A. B
  • B. D
  • C. A
  • D. C
Answer: B
Question #4

How should you add a Web page reference to a report?

  • A. Take a screenshot of the Web page; in a Word object, insert a 1x1 table then paste the screenshot into the table for optimal formatting control.
  • B. Add an object to the report; set the type to Web page and type the URL in the address bar.
  • C. Take a screenshot of the Web page and save it as an image; in a Word object, select import from the FSR toolbar and select the image file saved.
  • D. Print the Web page to a PDF file; add an object to the report; set the type to Attached PDF and add the PDF to the object.
Answer: B
Question #5

You want to define the table of contents heading and must create a TOC heading variable. In which two areas must you place the TOC heading variable? (Choose two.)

  • A. the section properties
  • B. the object properties
  • C. the table of contents of a Word or Excel object
  • D. the page setup Word object
Answer: A,C

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