Question 1

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.)

Options :

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.

Answer: A,B

Question 2

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

be made?

Options :

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

Answer: C

Question 3

Which statement is true regarding Data Management categories?

Options :

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.

Answer: B

Question 4

You want to display a single value in a financial dashboard from a single cell in a form. Which type of chart would you select?

Options :

A : Bar

B : Tile

C : Gauge

D : Line

Answer: B

Question 5

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

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