1Z0-1081-24 Online Practice Questions and Answers

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

A. FCCS_No Data Source

B. FCCS_Data Input

C. FCCS_SystemTypes

D. FCCS_Proportion

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?

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

B. January and February should be consolidated.

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

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

If the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created, which statement is true?

A. The FCCS_No Intercompany member of the ICP dimension is used for all data.

B. The ICP dimension is omitted.

C. An extra custom dimension is available.

D. Data can be stored by intercompany partner but no eliminations will occur.

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

A. Period, Year, Entity

B. From Currency, Movement, Scenario

C. Multi-GAAP, Data Type, Intra-company

D. Value, Entity, Account

E. Data source, Consolidation, View

For which three tasks can Data Management be used? (Choose three.)

A. loading data that is period-to-date or year-to-date

B. drilling through from a web form or Smart View

C. loading data from a fixed width or delimited text file

D. writing back data to source systems

E. loading a Metadata Import File

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 statement correctly describes what happens to parent entities during consolidation?

A. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.

B. The changes in the relational database are synced to the underlying Essbase cube.

C. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.

D. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.

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

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