1Z0-1081-20 Online Practice Questions and Answers

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

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

B. during application creation and selecting the Intercompany Data feature option

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

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

Which four sample ratios can be created during the application creation process? (Choose four.)

A. Inventory Ratios

B. Contribution Margin

C. Debt Ratio

D. Earnings per Share

E. Days Sales in Receivables

F. Gross Margin

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

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

Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)

A. Submit data

B. Adjust data with Journals

C. Retrieve data

D. Run a rule such as Consolidate or Translate

You are required to create a form that allows users to input data. Which three actions are consistent with this?

A. In the member selection for Entity, do not include shared entities, include only primary instances of entities.

B. Select level 0 dimension members for the POV, rows, and columns.

C. Set the currency on the form to Parent Currency.

D. Grant the data input users WRITE access to the dimension members used on the form.

E. Set the consolidation member on the form to FCCS_Entity Input.

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

What is the correct Currency dimension member to select when running an Intercompany Matching Report?

A. Input Currency

B. Reporting Currency

C. Entity Currency

D. Parent Currency

Which three are seeded data forms created during business process creation?

A. Exchange Rate Multi-period

B. Override Rates

C. Shares Outstanding

D. Data Status

E. Headcount

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?

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

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

C. Delete the default Approval Unit hierarchy.

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

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

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

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

C. You can add shared members to the FCCS_CashChange hierarchy.

D. The FCCS_Mvmts_AccountsPayable member is under FCCS_CashFlow_NetAssets in the FCCS_CashFlow hierarchy.