1Z0-1081-20 Online Practice Questions and Answers

What is the primary function of enabling the Track Intercompany Elimination option during the application creation?

A. enables the Elimination member in the Consolidation dimension

B. process will separate total elimination values by Data Source.

C. enables the application to include Intercompany data.

D. enables the application to perform Intercompany eliminations

What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

A. this setting will not affect additions or subtractions to the next parent

B. subtract amounts consolidated to the parent

C. add amounts consolidated to the parent

D. you can't load data to this account

Which is true behavior of default FCCS_ members within an application?

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

B. You can change the Alias of these default FCCS_ members at any time.

C. You can change the Name of these default FCCS_ members at any time.

D. You cannot change the Alias of these default FCCS_ members.

Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?

A. 3-3-3-3

B. 3-3-3-4

C. 4-4-4-4

D. 4-4-4-5

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

A. Category

B. Source System

C. System

D. User

E. Application

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.

You are required to create a form that allows users to input data. Which three actions are consistent with this?

A. In the member selection for Entity, do not include shared entities, include only primary instances of entities.

B. Select level 0 dimension members for the POV, rows, and columns.

C. Set the currency on the form to Parent Currency.

D. Grant the data input users WRITE access to the dimension members used on the form.

E. Set the consolidation member on the form to FCCS_Entity Input.

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.

Which two statements are true about Cash Flow in the Movement dimension?

A. When you add a level 0 member to FCCS_Mvmts_Subtotal, it is automatically added as a shared member to the FCCS_CashFlow hierarchy.

B. The seeded level 0 members under FCCS_Mvmts_Subtotal are shared members in the FCCS_CashFlow hierarcy.

C. You can add shared members to the FCCS_CashChange hierarchy.

D. The FCCS_Mvmts_AccountsPayable member is under FCCS_CashFlow_NetAssets in the FCCS_CashFlow hierarchy.

When creating a member mapping for account Sales in Data Management, the following script is entered.

UD5 refers to a Product custom dimension:

WHEN UD5 LIKE `CAR_%' THEN `AUTO_SALES'

ELSE `SALES'

Which statement is True?

A. The script can be eliminated by using a multi-dim map on the Product dimension that also looks for the account Sales.

B. The script will work if the script is referenced in the In mapping type with #SQL as the target.

C. The script will not work since Data Management does not support scripting.

D. The script will not work since the UD5 member referenced does not start with FCCS_

E. The script will work if the script is referenced in the Explicit mapping type with #SQL as the target.