Question 1

Which statement is true about an approval process with the Phase Dependency option enabled?

Options :

A :

Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.

B :

Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.

C :

Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.

D :

Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.

Answer: C,D

Question 2

If the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business

process is created, which statement is true?

Options :

A : The FCCS_No Intercompany member of the ICP dimension is used for all data.

B : The ICP dimension is omitted.

C : An extra custom dimension is available.

D : Data can be stored by intercompany partner but no eliminations will occur.

Answer: B

Question 3

Which of the following is allowed for accounts with the data storage type of “Dynamic Calc”?

Options :

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

Answer: B

Question 4

When designing a report in Financial Reporting Studio, which condition should NOT be considered for a

Financial Consolidation and Close (FCCS) report?

Options :

A : Designing dynamic reports

B : Expanded vs. single data segments

C :

Report performance

D :

Suppress missing blocks

Answer: D

Question 5

If the Alias of an Entity that marked as “Is Intercompany” and is later changed, what happens to the

corresponding Intercompany member Alias?

Options :

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.

Answer: B

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