1Z0-1081-20 Online Practice Questions and Answers

Which three fields must be defined when registering a file-based source system in Data Management? (Choose three.)

A. Source Type

B. Drill URL

C. Cloud Type

D. Description

E. Name

Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?

A. FCCS_No Data Source

B. FCCS_Data Input

C. FCCS_SystemTypes

D. FCCS_Proportion

P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.

Which statement regarding consolidation is correct?

A. There is no way to do a prior period entry like this.

B. January and February should be consolidated.

C. February should be consolidated, after which the cash at AceCo is now 65.

D. January should be consolidated for the change and nothing needs to happen for February.

Which statement correctly describes when a consolidation can occur within a given year/scenario?

A. An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.

B. The current period consolidation status is Impacted and the remaining periods are OK.

C. A user has a power user access but only write access to the entity.

D. A user with power user access first locks the entity so that other users cannot consolidate the same entity.

E. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.

Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?

A. Select Application, then Overview, then Data, and then Export

B. Select Application, then Overview, then Actions, and then Import Data

C. Select Dimensions, then Actions, and then Import Data

D. Select Import, then Actions, and then Data

Which four sample ratios can be selected during business process creation?

A. Inventory Ratios

B. Gross Margin

C. Contribution Margin

D. Earnings per Share

E. Debt Ratio

F. Days Sales in Receivables

Which two are required fields when registering a source system in Data Management?

A. Source System Type

B. Cloud Type

C. Drill Through URL

D. Name

You need to define a form that requires users to select the entity for which to view data from a list that includes USA, Canada, and South America, but no other entities. Where on the form do you place the Entity dimension?

A. the Point of View

B. rows

C. columns

D. the Page Axis

Which statement is false regarding establishing security for Financial Consolidation and Close?

A. Security can be assigned at a prevent level.

B. Security is mandatory for one dimension.

C. The Identity Domain Administrator inherits full access privileges.

D. All members are accessible for dimensions with no security applied.

E. Security can be disabled for any dimension.

Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?

A. pre-built integrations to combine narrative and data to produce both internal and external reporting packages

B. calculations, dashboards and reports to provide analysis for cash flow modeling

C. calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow

D. calculations, dashboards and reports built on planning frameworks to provide cash flow planning