Question 1

What will Financial Consolidation and Close do when aggregating data for a member that is set as an expense

type account to a parent that is set as an income type account?

Options :

A :

This setting does not affect aggregation to the parent.

B :

You cannot load data to this account.

C :

Add amounts aggregated to the parent.

D :

Subtract amounts aggregated to the parent.

Answer: D

Question 2

UESTION NO: 64

An entity’s Common Stock balance is made up of data loaded through Data Management and an adjusting

journal entry posted in the application. The Common Stock balance must not re-translate each month.

What two data entries need to happen to have the Common Stock balance bypass the default translation of

equity accounts? (Choose two.)

Options :

A :

Data entry to the Common Stock account with the FCCS_Amount Override member of the

Consolidation dimension and the Data Source member FCCS_Managed Data.

B :

A journal entry to reverse the adjusted Common Stock balance with the Data Source member

FCCS_Journal Input.

C :

A journal entry to the Common Stock account with the FCCS_Amount Override member of the

Consolidation dimension and the Data Source member FCCS_Journal Input.

D :

Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the

Data Source member FCCS_Data Input.

Answer: B,D

Question 3

Which dimension includes the FCCS_Global Assumption member that is used to store currency information?

Options :

A : Account

B : From Currency

C : Entity

D : Currency

Answer: B

Question 4

When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)

Options :

A : Movement

B : Account

C : Consolidation

D : View

Answer: C,D

Question 5

When do you enable submission phases for your approval process?

Options :

A : When you start the approval process for an approval unit on the Manage Approvals page

B : When you set up the approval unit hierarchy

C : When you set the member properties for the entity

D : When you assign the approval unit hierarchy to a scenario, period, and year

Answer: B

Higher Test Marks with Free Online 1Z0-1081-25 Exam Practice

Buying Options: