1Z0-1081-22 Online Practice Questions and Answers

Which statement is correct regarding intercompany eliminations?

A. Intercompany eliminations are generally required to remove the effect of transactions within the company.

B. Intercompany eliminations are required for sustainability reporting to show the company's waste output.

C. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.

D. Intercompany eliminations are needed when a company divests itself of a division.

What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

A. Store

B. Never Share

C. No Rate

D. Dynamic Calc and Store

E. Dynamic

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.

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

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

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

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

D. A parent entity has a different currency from its parent.

E. A shared entity has a parent with a different currency.

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 you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?

A. Plug Account

B. Intercompany Account

C. Is Plug Account

D. Intercompany Entity

For which scenario would an On-Demand rule be an appropriate solution?

A. to perform a custom currency translation for a subset of accounts

B. to add a column with a calculation to a report

C. to copy data from one scenario to a different scenario

D. to allocate data to base entities prior to consolidation

How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?

A. Enable a dimension for Currency after application creation via a Metadata load.

B. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.

C. During application creation, select the Multicurrency option of "Yes".

D. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.

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

What information is included in the data extract export file delimited format?

A. the ID of the user performing the extract

B. the domain and application name

C. the data load cube name

D. the application name