1Z0-1081-24 Online Practice Questions and Answers

What member of the Currency dimension should be used during data entry for historical override amounts?

A. Parent Currency

B. Input Currencies

C. Reporting Currencies

D. Entity Currency

Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report. Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.)

A. FCCS_Accounts Payable account member

B. FCCS_CashFlow_Operating movement member

C. FCCS_CashFlow_Accounts Payable account member

D. FCCS_Total Balance Sheet ?Cash and NonCash account member

E. FCCS_CashChange movement member

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

Which statement is true regarding Data Management categories?

A. Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab

B. Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.

C. Application mapping is not required if the global mapping target category is exactly correct.

D. The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.

Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?

A. Process Management

B. Account Reconciliation Management

C. Data Management

D. Supplemental Data Management

E. Financial Close Management

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.

Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc. Which process produces USD balances for Company IOU?

A. A translation to the USD_Reporting currency member for Company IOU

B. A translation of Company IOU

C. A consolidation of Company 123

D. A consolidation of Company XYZ

E. A translation of Company XYZ to Parent Currency

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.

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.

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