1Z0-1081-22 Online Practice Questions and Answers

A new Sheet tab in Excel is copied from an existing tab that contains a Smart View query, but clicking Refresh does not refresh the data and the Smart View (Point of View) POV bar does not display. Which additional step is required to pull data in the new tab and change the POV?

A. Disconnect from the Smart View connection, and relog in.

B. Activate the Connection.

C. Close out of Excel, and relog in to Smart View.

D. Change one of the Row or Column dimension members and click Refresh.

Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report. Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.)

A. FCCS_Accounts Payable account member

B. FCCS_CashFlow_Operating movement member

C. FCCS_CashFlow_Accounts Payable account member

D. FCCS_Total Balance Sheet ?Cash and NonCash account member

E. FCCS_CashChange movement member

Which statement accurately describes alternate hierarchies?

A. Single entities having multiple parents

B. Parent members having the same currency

C. Contribution to parent members are similar

D. Data must be entered multiple times for shared members

For which three dimensions is security enabled by default?

A. Data Source

B. Entity

C. Consolidation

D. Scenario

E. Account

A company has two subsidiaries with 1000 EURO each in the Cash account. Which four Consolidation Members will reflect 2000 EURO at the company's balance? (Choose four.)

A. FCCS_Elimination

B. FCCS_Proportion

C. FCCS_Entity Input

D. FCCS_Entity Consolidation

E. FCCS_Entity Total

F. FCCS_Contribution

Once metadata is updated and the database refresh has completed successfully, how will the status for all entities be listed via the default Data Status grid?

A. Impacted

B. Need Translate

C. OK

D. System Changed (SC)

The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting. To define a Close Manager task template to monitor all seven days, which day range should you define?

A. Day -3 to Day 4

B. Day -3 to Day 3

C. Day 1 to Day 7

D. Day -2 to Day 4

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.)

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.

Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc. Which process produces USD balances for Company IOU?

A. A translation to the USD_Reporting currency member for Company IOU

B. A translation of Company IOU

C. A consolidation of Company 123

D. A consolidation of Company XYZ

E. A translation of Company XYZ to Parent Currency

When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?

A. Chart

B. Grid

C. Image

D. Header

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.

To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?

A. Metadata Administrator

B. Metadata Supervisor

C. System Administrator

D. Power User

How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?

A. by selecting Application, then Overview, then Dimensions, and then Export

B. by selecting Dimension, then Import, and then Metadata

C. by selecting Application, then Overview, then Dimensions, and then Import

D. by selecting Tasks, then Metadata, and then Import

Which three scenarios result in foreign currency translation during the default consolidation process?

A. A parent entity has a different default currency than its parent.

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

C. A base entity has a different default currency than its parent.

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

E. A shared entity has a different default currency than its parent