1Z0-1081-24 Online Practice Questions and Answers

Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

A. FCCS_Amount_Override

B. FCCS_Rate Override

C. FCCS_Contribution

D. FCCS_Proportion

E. FCCS_Elimination

F. FCCS_Translation

PQR Company has the ownership structure shown above. If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?

A. First common parent

B. Generation 0

C. First order relation

D. Lowest common denominator

In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?

A. Movement of FX impact for historical rate accounts to the FCCS_CTA account

B. A variance in the Average rate and the Ending rate

C. The current FCCS_CTA account balance does not change from the prior period

D. The account is FCCS_Net Income

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 three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?

A. Period, Year, Entity

B. From Currency, Movement, Scenario

C. Multi-GAAP, Data Type, Intra-company

D. Value, Entity, Account

E. Data source, Consolidation, View

To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection?

A. Intercompany Accounts

B. Intercompany Partners

C. Intercompany Plug Accounts

D. Elimination Consolidation Dimension member

Which statement is true of the default FCCS_ members within an application?

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

B. You can change the Alias.

C. You can change the Data Storage property.

D. You can change the Name.

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.

A company would like to capture Fixed Asset additions and disposals within the Movement dimension. Which three tasks are necessary to achieve this goal?

A. Add custom members for Additions and Disposals as children of FCCS_Mvmts_CapitalExpenditures.

B. Build a custom Movement member for Fixed Assets with child members for Additions and Disposals.

C. Load detailed Fixed Asset data to Movement members.

D. Add custom Movement members to the FCCS_CashFlow hierarchy.

E. Create a Roll Forward in the account dimension.

Which statement correctly describes what happens to parent entities during consolidation?

A. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.

B. The changes in the relational database are synced to the underlying Essbase cube.

C. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.

D. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.