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1Z0-1081-20 Braindumps Real Exam Updated on Nov 10, 2021 with 118 Questions
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NEW QUESTION 39
You have added a new taskto a close schedule with a task due date past the defined end date of the schedule.
What is the result of the change?
- A. The task will not run.
- B. An error, you can't add a new task past the due date.
- C. The new task will run outside of the schedule end date.
- D. The schedule end date changes to match the end date of the task.
Answer: C
NEW QUESTION 40
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 Configurable Consolidation on the Consolidation Process page and create a Configurable Consolidation rule-set.
- B. Edit the numbers using a web form or Smart View after consolidating.
- C. Create an on-demand rule in Calculation Manager that you run after consolidation.
- D. Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in Calculation Manager.
Answer: A
Explanation:
From the Consolidation Process page, select the Consolidated tab, and then selectConfigurable Consolidation.
Click the Create Rule Set.
Reference:
consolidation_creating_rule_sets.html
NEW QUESTION 41
Which twomembers of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)
- A. FCCS_No Data Source
- B. FCCS_Intercompany Eliminations
- C. FCCS_PCON
- D. FCCS_Journal Input
Answer: B,D
NEW QUESTION 42
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 Application, then Overview, then Dimensions, and then Import
- C. by selecting Dimension, then Import, and then Metadata
- D. by selecting Tasks, then Metadata, and then Import
Answer: B
NEW QUESTION 43
What are two important first steps in initially setting up Close Manager? (Choose two.)
- A. Create a schedule and set it to Open status.
- B. Set up Users.
- C. Assign tasks to users.
- D. Define system settings such as Organization units, Holiday rules and Task attachment size.
Answer: B,D
NEW QUESTION 44
Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?
- A. 4-4-4-4
- B. 4-4-4-5
- C. 3-3-3-3
- D. 3-3-3-4
Answer: D
NEW QUESTION 45
When defining a batch in Data Management, which statement is True?
- A. A batch can load to multiple plan types.
- B. Batches can import from source or export to target, but not both.
- C. Each data load rule must specify the period or the batch will default to the POV period.
- D. Batches can execute data loads for multiple locations.
- E. A batch replaces the need for data load rules.
Answer: D
NEW QUESTION 46
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. January and February should be consolidated.
- B. January should be consolidated for the change and nothing needs to happen for February.
- C. There is no way to do a prior period entry like this.
- D. February should be consolidated, after which the cash at AceCo is now 65.
Answer: A
NEW QUESTION 47 
PQR Company has the ownership structure shown above.
If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance?
- A. Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1
- B. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany
- C. Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1
- D. Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1
Answer: D
NEW QUESTION 48
You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?
- A. The task will not run.
- B. The schedule end date changes to match the end date of the task.
- C. An error, you can't add a new task past the due date.
- D. The new task will run outside of the schedule end date.
Answer: B
Explanation:
When you add a new task to a schedule, it automatically is scheduled to start on the project's start date. As tasks are added to the schedule and connected to other tasks, the start times of tasks will change, and the last task to finish determines the project's finish date.
NEW QUESTION 49
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 Tasks, then Metadata, and then Import
- C. by selecting Dimension, then Import, and then Metadata
- D. by selecting Application, then Overview, then Dimensions, and then Import
Answer: C
NEW QUESTION 50
Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled?
- A. Consolidation Percentage
- B. Consolidation Method
- C. Minority Interest Percentage
- D. Control
- E. Ownership Percentage
Answer: A,B,D
Explanation:
Explanation/Reference:
The Consolidation Method and Control setting can be manually changed if needed.
NEW QUESTION 51
You are required to create a form to allow users to input dat
a. 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. Set access rights for data input users to the form
- D. Give data input users WRITE access to form dimension members
Answer: B,C,D
NEW QUESTION 52
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 DAT file format.
- B. The data export format / file extension is always extracted in a CSV file format.
- C. The data export format / file extension is always extracted in a ZIP file format.
- D. The data export format / file extension is always extracted in a XLS file format.
Answer: B
NEW QUESTION 53
Which item describes the use for the Currency dimension property Triangulation Currency?
- A. The ability to calculate CTA (Cumulative Translation Adjustment)
- B. The ability to input foreign exchange rates
- C. The ability to calculate foreign exchange rates
- D. The ability to report in multiple currencies
- E. The ability to force translations
Answer: C
NEW QUESTION 54
Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?
- A. calculations, dashboards and reports to provide analysis for cash flow modeling
- B. pre-built integrations to combine narrative and data toproduce both internal and external reporting packages
- C. calculations, dashboards and reports built on planning frameworks to provide cash flow planning
- D. calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow
Answer: A
NEW QUESTION 55
When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?
- A. Grid
- B. Chart
- C. Header
Explanation/Reference:
Report objects include:
* Grids
* Text - D. Image
Answer: A,B
Explanation:
Reference:
3559E92E-0EC6-42F8-BB48-97875171067E.pdf
NEW QUESTION 56
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