1Z0-1081-20 Online Practice Questions and Answers

When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were

enabled.

Which statement is true?

A. The FCCS_No Intercompany member of the ICP dimension will be used for all data.

B. Data can be stored by intercompany partner but no eliminations will occur.

C. An extra custom dimension will be available.

D. The ICP dimension will be omitted.

Which dimension includes the FCCS_Global Assumption member that is used to store currency information?

A. Account

B. From Currency

C. Entity

D. Currency

What can the Intercompany Dimension be enabled and made visible within your application?

A. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute

B. during application creation and selecting the Intercompany Data feature option

C. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute

D. during application creation and selecting the Multi-source Data Input of Other Data

Which is true behavior of default FCCS_ members within an application?

A. You can change the default FCCS_ member prefix at application creation.

B. You can change the Alias of these default FCCS_ members at any time.

C. You can change the Name of these default FCCS_ members at any time.

D. You cannot change the Alias of these default FCCS_ members.

Which three scenarios result in foreign currency translation during the default consolidation process? (Choose three.)

A. A base entity currency has a parent entity with a matching default currency.

B. A base entity currency has a parent entity with a different default currency.

C. A parent entity has the same default currency as its parent.

D. A parent entity has a different currency from its parent.

E. A shared entity has a parent with a different currency.

PQR Company has the ownership structure shown above. If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance?

A. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany

B. Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1

C. Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1

D. Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1

If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?

A. The alias of the associated Intercompany member is automatically updated.

B. The associated Intercompany member must be manually removed.

C. The associated Intercompany member is automatically removed.

D. The alias of the associated Intercompany member must be manually changed.

Which three are seeded data forms created during business process creation?

A. Exchange Rate Multi-period

B. Override Rates

C. Shares Outstanding

D. Data Status

E. Headcount

In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?

A. when the tasks are repeatable over multiple close cycles

B. when the tasks require consistent definition across close schedules

C. when the tasks are often late in completion and they need to be monitored more closely

D. when the tasks require multiple levels of approvers

Which of the following is allowed for accounts with the data storage type of "Dynamic Calc"?

A. Load data to this account.

B. Create member formulas.

C. Load data to this account and create member formulas.

D. Enter data through a data form