1z0-1081-22 PDF Dumps Real 2022 Recently Updated Questions [Q32-Q54] : Best Free Exam Guide : http://free.exams4sures.com

NEW QUESTION 32
Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?

pre-built integrations to combine narrative and data to produce both internal and external reporting packages

calculations, dashboards and reports to provide analysis for cash flow modeling

calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow

calculations, dashboards and reports built on planning frameworks to provide cash flow planning

NEW QUESTION 33
When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?

Designing dynamic reports

Expanded vs. single data segments

Report performance

Suppress missing blocks

NEW QUESTION 34
What can the Intercompany Dimension be enabled and made visible within your application?

after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute

during application creation and selecting the Intercompany Data feature option

after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute

during application creation and selecting the Multi-source Data Input of Other Data

NEW QUESTION 35
Which three scenarios result in foreign currency translation during the default consolidation process? (Choose three.)

A base entity currency has a parent entity with a matching default currency.

A base entity currency has a parent entity with a different default currency.

A parent entity has the same default currency as its parent.

A parent entity has a different currency from its parent.

A shared entity has a parent with a different currency.

NEW QUESTION 36
Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?

Period, Year, Entity

From Currency, Movement, Scenario

Multi-GAAP, Data Type, Intra-company

Value, Entity, Account

Data source, Consolidation, View

NEW QUESTION 37
Which statement is true regarding shared members and valid intersection rules?

Shared members are supported in valid intersection rules

If a shared member is selected for a valid intersection rule, then the base member is not included in the rule

If a base member is included in a valid intersection rule, then any shared member is not included in the rule

Shared members are not supported in valid intersection rules

NEW QUESTION 38
Which statement is FALSE when enabling a Multi-GAAP application?

Two custom dimensions are available after enabling Multi-GAAP.

The Multi-GAAP dimension is optional.

The system automatically creates an FCCS_IFRS member.

Additional GAAP adjustment can be created.

NEW QUESTION 39
Which two data extract export file types are available within Financial Consolidation and Close (FCCS)? (Choose two.)

DAT file type

Excel XLS file type

Comma delimited

Tab delimited

NEW QUESTION 40
Which statement correctly describes when a consolidation can occur within a given year/scenario?

An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.

The current period consolidation status is Impacted and the remaining periods are OK.

A user has a power user access but only write access to the entity.

A user with power user access first locks the entity so that other users cannot consolidate the same entity.

The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.

NEW QUESTION 41
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?

This setting does not affect aggregation to the parent.

You cannot load data to this account.

Add amounts aggregated to the parent.

Subtract amounts aggregated to the parent.

NEW QUESTION 42
PQR Company has the ownership structure shown above.
If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2’s debit balance?

Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany

Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No IntercompanyC. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1

Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1

Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1

NEW QUESTION 43
What is the primary function of enabling the Track Intercompany Elimination option during the application creation?

enables the Elimination member in the Consolidation dimension

process will separate total elimination values by Data Source.

enables the application to include Intercompany data.

enables the application to perform Intercompany eliminations

NEW QUESTION 44
Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?

FCCS_No Data Source

FCCS_Data Input

FCCS_SystemTypes

FCCS_Proportion

NEW QUESTION 45
Which two
statements are true about Cash Flow in the Movement dimension?

When you add a level 0 member to FCCS_Mvmts_Subtotal, it is automatically added as a shared member to the FCCS_CashFlow hierarchy.

The seeded level 0 members under FCCS_Mvmts_Subtotal are shared members in the FCCS_CashFlow hierarcy.

You can add shared members to the FCCS_CashChange hierarchy.

The FCCS_Mvmts_AccountsPayable member is under FCCS_CashFlow_NetAssets in the FCCS_CashFlow hierarchy.

NEW QUESTION 46
If the Alias of an Entity that marked as “Is Intercompany” and is later changed, what happens to the corresponding Intercompany member Alias?

The Intercompany Alias is set to the Entity Name.

The Intercompany Alias is automatically changed to the new Entity Alias.

The Intercompany Alias is not automatically changed to the new Entity Alias.

The Intercompany Alias is automatically set to the Intercompany Name.

NEW QUESTION 47
For your
business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?

Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in Calculation Manager.

Click Configurable Consolidation on the Consolidation Process page and create a Configurable Consolidation rule-set.

Edit the numbers using a web form or Smart View after consolidating.

Create an on-demand rule in Calculation Manager that you run after consolidation.

NEW QUESTION 48
Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?

Scenario, Account, Base Entity and Parent Entity

Year, Scenario, Base Entity and Account

Scenario, View, Parent Entity and Account

Period, Scenario, Base Entity and Parent Entity

NEW QUESTION 49
For your
business process, owners of approval units should be able to lock and unlock data without going.
through an approval process.
Which action should you perform?

Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.

Select the Consolidation template when setting up the Approval Unit hierarchy.

Delete the default Approval Unit hierarchy.

Select as owners only users with the Service Administrator or Power User security role.

NEW QUESTION 50
Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?

Process Management

Account Reconciliation Management

Data Management

Supplemental Data Management

Financial Close Management

NEW QUESTION 51
Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?

Select Application, then Overview, then Data, and then Export

Select Application, then Overview, then Actions, and then Import Data

Select Dimensions, then Actions, and then Import Data

Select Import, then Actions, and then Data

NEW QUESTION 52
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)

Ensure security of sensitive data.

Integrate with source systems.

Provide predictive analysis and modeling.

Provide a strong compliance framework that includes auditing and segregation of duties.

NEW QUESTION 53
When setting an account property to a data storage type of “Dynamic Calc” which two are allowed?

Member Formulas cannot be created

load data to this account and make member formulas

load data to this account

create Member Formulas

NEW QUESTION 54
P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?

There is no way to do a prior period entry like this.

January and February should be consolidated.

February should be consolidated, after which the cash at AceCo is now 65.

January should be consolidated for the change and nothing needs to happen for February.