1Z0-1081-20 Online Practice Questions and Answers

You are required to define a form that displays all form data for only specific View dimension member and

not allow users to change this.

Where on the form do you define the View dimension and select the correct member?

A. a column

B. Other Options section

C. the Page Axis

D. the Point of View

Which statement correctly describes the Consolidation dimension?

A. The dimension contains members to store non-controlling interest and joint venture data.

B. The dimension uses a separate member to store data from an entity's descendants.

C. The dimension allows users to see input versus journal adjustment data.

D. The dimension aggregates input, consolidated, and elimination data together.

In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?

A. Movement of FX impact for historical rate accounts to the FCCS_CTA account

B. A variance in the Average rate and the Ending rate

C. The current FCCS_CTA account balance does not change from the prior period

D. The account is FCCS_Net Income

Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination?

A. Consolidation, Currency, Account

B. Currency, Account, Movement

C. Entity, Consolidation, Currency

D. Entity, Currency, Account

Three child entities – P, Q, and R – of a mid-level parent entity – AceCo – have account receivables in the

amounts of 10, 20, and 30, respectively.

Which statement contains conditions for all three entities that would cause the account receivable balance

amount at AceCo not to be 60?

A. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.

B. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.

C. P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.

D. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.

You are required to create a form to allow users to input data.

Which three actions or form components selected should accomplish this?

A. Set the currency on the form to the reporting currency member USD_Reporting

B. Level 0 dimension members on POV, rows and columns

C. Give data input users WRITE access to form dimension members

D. Set access rights for data input users to the form

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

A. Designing dynamic reports

B. Expanded vs. single data segments

C. Report performance

D. Suppress missing blocks

For which three dimensions is security enabled by default?

A. Data Source

B. Entity

C. Consolidation

D. Scenario

E. Account

Which four sample ratios can be selected during business process creation?

A. Inventory Ratios

B. Gross Margin

C. Contribution Margin

D. Earnings per Share

E. Debt Ratio

F. Days Sales in Receivables

Which four items are active components of the Currency dimension? (Choose four.)

A. Entity Currency Adjustments

B. Reporting Currencies

C. Input Currencies

D. Translated Currencies

E. Entity Currency

F. 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 three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled?

A. Ownership Percentage

B. Control

C. Consolidation Method

D. Consolidation Percentage

E. Minority Interest Percentage

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?

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

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

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

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

A company would like to capture Fixed Asset additions and disposals within the Movement dimension. Which three tasks are necessary to achieve this goal?

A. Add custom members for Additions and Disposals as children of FCCS_Mvmts_CapitalExpenditures.

B. Build a custom Movement member for Fixed Assets with child members for Additions and Disposals.

C. Load detailed Fixed Asset data to Movement members.

D. Add custom Movement members to the FCCS_CashFlow hierarchy.

E. Create a Roll Forward in the account dimension.

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

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

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

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

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