1Z0-1081-22 Online Practice Questions and Answers

When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?

A. Member Formulas cannot be created

B. load data to this account and make member formulas

C. load data to this account D. create Member Formulas

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

When enabling Multi-GAAP during application creation, which additional option is available?

A. Automatically calculate adjustment

B. Allow adjustments for IFRS

C. Track Multi-Source Data Input

D. Include Supplemental Data

Which statement is FALSE when enabling a Multi-GAAP application?

A. Two custom dimensions are available after enabling Multi-GAAP.

B. The Multi-GAAP dimension is optional.

C. The system automatically creates an FCCS_IFRS member.

D. Additional GAAP adjustment can be created.

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

A. Category

B. Source System

C. System

D. User

E. Application

What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

A. The data export format / file extension is always extracted in a XLS file format.

B. The data export format / file extension is always extracted in a ZIP file format.

C. The data export format / file extension is always extracted in a DAT file format.

D. The data export format / file extension is always extracted in a CSV file format.

Financial Consolidation and Close maintains calculation status for which four dimensions?

A. Data Source

B. Scenario

C. Year

D. Entity

E. Consolidation

F. Period

For your business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?

A. Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in Calculation Manager.

B. Click Configurable Consolidation on the Consolidation Process page and create a Configurable Consolidation rule-set.

C. Edit the numbers using a web form or Smart View after consolidating.

D. Create an on-demand rule in Calculation Manager that you run after consolidation.

Audit is enabled by default for which task categories?

A. Data only

B. All task categories

C. No task categories

D. Metadata Administration and Security

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