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

Which two data extract export file types are available within Financial Consolidation and Close (FCCS)? (Choose two.)

A. DAT file type

B. Excel XLS file type

C. Comma delimited

D. Tab delimited

When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made?

A. Any number of months can be selected

B. 12-month only

C. 12-month and 13-month

D. 12-month, 13-month and a 14-month

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

A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD. Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)

A. Common Stock must have an Exchange Rate Type set to Historical Rate Override.

B. The subsidiary must have a balance not equal to zero in Common Stock.

C. Common Stock must have a Data Storage property set to Never Share.

D. USD must be created as a reporting currency.

E. The subsidiary must have a parent entity with a GBP currency.

How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?

A. Enable a dimension for Currency after application creation via a Metadata load.

B. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.

C. During application creation, select the Multicurrency option of "Yes".

D. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.

For which three tasks can Data Management be used? (Choose three.)

A. loading data that is period-to-date or year-to-date

B. drilling through from a web form or Smart View

C. loading data from a fixed width or delimited text file

D. writing back data to source systems

E. loading a Metadata Import File

Which four items are active components of the Currency dimension? (Choose four.)

A. Entity Currency Adjustments

B. Reporting Currencies

C. Input Currencies

D. Translated Currencies

E. Entity Currency

F. Parent Currency

What is the correct Currency dimension member to select when running an Intercompany Matching Report?

A. Input Currency

B. Reporting Currency

C. Entity Currency

D. Parent Currency

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.