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 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

When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?

A. Plug Account

B. Intercompany Account

C. Is Plug Account

D. Intercompany Entity

If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias?

A. The Intercompany Alias is set to the Entity Name.

B. The Intercompany Alias is automatically changed to the new Entity Alias.

C. The Intercompany Alias is not automatically changed to the new Entity Alias.

D. The Intercompany Alias is automatically set to the Intercompany Name.

Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

A. Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal

B. Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal

C. FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward

D. FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate

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 statement about the Equity Pickup feature is FALSE?

A. Seeded rule-sets are provided for Equity Pickup.

B. Equity Pickup rules run as part of the consolidation process.

C. Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.

D. Equity Pickup rules are run on-demand from the Rules card by users with launch permissions.

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.

Which statement correctly describes the Consolidation dimension?

A. The dimension allows users to see input versus journal adjustment data.

B. The dimension contains members to store non-controlling interest and joint venture data.

C. The dimension uses a separate member for data from an entity's level zero descendants.

D. The dimension allows users to view data in the parent currency.

When defining a batch in Data Management, which statement is True?

A. Each data load rule must specify the period or the batch will default to the POV period.

B. Batches can import from source or export to target, but not both.

C. Batches can execute data loads for multiple locations.

D. A batch replaces the need for data load rules.

E. A batch can load to multiple plan types.