1Z0-1081-24 Online Practice Questions and Answers

Which statement is correct regarding intercompany eliminations?

A. Intercompany eliminations are generally required to remove the effect of transactions within the company.

B. Intercompany eliminations are required for sustainability reporting to show the company's waste output.

C. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.

D. Intercompany eliminations are needed when a company divests itself of a division.

By default, security access is set to "None" for which three dimensions? (Choose three.)

A. Movement

B. Data Source

C. Account

D. Entity

E. Year

Which explains why the Currency dimension does NOT display in your application?

A. Security access to the Multi-GAAP dimension is required

B. Multi-Currency option was not selected at application creation

C. Entity-specific security rights were not properly granted

D. Security has not been granted

Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)

A. Submit data

B. Adjust data with Journals

C. Retrieve data

D. Run a rule such as Consolidate or Translate

For which three levels can Profiles be set in Data Management?

A. Category

B. Source System

C. System

D. User

E. Application

When can the Intercompany Dimension be enabled and n=made visible within your application?

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

B. after application creation by selecting any Entity as IC_Entity_Yes for the Intercompany Entity attribute

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

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

For data load rules in Data Management, which two statements are FALSE?

A. If specified, the import format will be used; if not, then the location's format will be used.

B. A job must first run to import the data file before the user can run the data load rule.

C. End users can upload a file when running a data load rule.

D. Data load rules cannot be shared across locations.

E. Valid load types are Merge and Replace.

What is the function of Source Mapping in Data Management?

A. Map local dimension members to the application dimension members.

B. Manage source periods in relation to global periods.

C. Defined the input currency for each data source supplying data to the application.

D. Define the close calendar periods.

Which two statements are true of the roll forward calculation in the Movement dimension?

A. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.

B. Translated values for Closing Balance are adjusted to the ending rate for the period.

C. Values for Opening Balance are retrieved from the prior period Closing Balance.

D. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.

How can the Intercompany dimension be enabled within your application?

A. In the metadata editor, select Enabled for the Intercompany property for the Entity dimension.

B. In the metadata editor, select IC_Acc_Yes for the Intercompany property for any account.

C. During application creation, select the Intercompany Data option.

D. In the metadata editor, select IC_Entity_Yes for the Intercompany Entity property for any entity.