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NEW QUESTION 48
Which dimension includes the FCCS_Global Assumption member that is used to store currency information?
- A. Entity
- B. FromCurrency
- C. Account
- D. Currency
Answer: B
NEW QUESTION 49
Which three fields must be defined when registering a file-based source system in Data Management?
(Choose three.)
- A. Description
- B. Name
- C. Cloud Type
- D. DrillURL
- E. Source Type
Answer: A,B,E
NEW QUESTION 50
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 51
Which is true behavior of default FCCS_ members within an application?
- A. You can change the Name of these default FCCS_ members at any time.
- B. You cannot change the Alias of these default FCCS_ members.
- C. You can change the default FCCS_ member prefix at application creation.
- D. You can change the Alias of thesedefault FCCS_ members at any time.
Answer: A
NEW QUESTION 52
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 53
Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)
- A. All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.
- B. The Cash Change hierarchy cannot bemodified.
- C. Siblings can be added to the FCCS_CashFlow_Investing member.
- D. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.
- E. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.
- F. Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.
Answer: C,D,E,F
NEW QUESTION 54
Which statement about the Equity Pickup feature is FALSE?
- A. Seeded rule-sets are provided for Equity Pickup.
- B. Equity Pickup rules run as part of the consolidation process.
- C. Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.
- D. Equity Pickup rules are run on-demand from the Rules card by users with launch permissions.
Answer: B
NEW QUESTION 55
Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?
- A. Multi-GAAP, Data Type, Intra-company
- B. From Currency, Movement, Scenario
- C. Period, Year, Entity
- D. Value, Entity, Account
- E. Data source, Consolidation, View
Answer: C
NEW QUESTION 56
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
Answer: B,C,D
NEW QUESTION 57
What are two important first steps in initially setting up Task Manager?
- 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
Explanation:
Reference:
cm_close_process_overview.html
NEW QUESTION 58
Inwhich two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?
- A. The current FCCS_CTA account balance does not change from the prior period
- B. The account is FCCS_Net Income
- C. Movement of FX impact for historical rate accounts to the FCCS_CTA account
- D. A variance in the Average rate and the Ending rate
Answer: A
NEW QUESTION 59
What will Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?
- A. Subtract amounts aggregated to the parent.
- B. You cannot load data to this account.
- C. Add amounts aggregated to the parent.
- D. This setting does not affect aggregation to the parent.
Answer: C
Explanation:
Reference:
aggregation_consolidation_operator.html
NEW QUESTION 60
Whichstatement is FALSE when setting up Shared Entities?
- A. The calculation status will not change in all instances when data is changed in one instance.
- B. You build an alternate hierarchy by using partial share Entity members.
- C. When data is posted to one shared entity, the data is posted to all instances.
- D. The Data Storage Member Property must set to "Dynamic Calc".
Answer: D
NEW QUESTION 61
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 and 13-month
- C. 12-month, 13-month and a 14-month
- D. 12-month only
Answer: B
NEW QUESTION 62
Which statement correctly describes what happens to parent entities during consolidation?
- A. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
- B. The changes in the relational database are synced to the underlying Essbase cube.
- C. 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.
- D. 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.
Answer: D
NEW QUESTION 63
What member of the Currency dimension should be used during data entry for historical override amounts?
- A. Entity Currency
- B. Reporting Currencies
- C. Input Currencies
- D. ParentCurrency
Answer: B
NEW QUESTION 64
Which three scenarios result in foreign currency translation during the default consolidation process?
- A. A shared entity has a different default currency than its parent
- B. A parent entity has a different default currency than its parent.
- C. A parent entity has the same default currency as its parent.
- D. A base entity has the same default currency as its parent.
- E. A base entity has a different default currency than its parent.
Answer: A,B,E
NEW QUESTION 65
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 template when setting up the Approval Unit hierarchy.
- B. Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
- C. Select as owners only users with the Service Administrator or Power User security role.
- D. Delete the default Approval Unit hierarchy.
Answer: A
Explanation:
To lock or unlock an entity, you must create an approval unit hierarchy containing the entities you want to lock.
By default, Financial Consolidation and Close provides an approval unit named "Total Geography".
Reference:
locking_and_unlocking_entities.html
NEW QUESTION 66
A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)
- A. Add custom Movement members to the FCCS_CashFlow hierarchy.
- B. Add custom members for Additions and Disposals asdependents of
FCCS_Mvmts_CapitalExpenditures. - C. Create a Roll Forward in the account dimension.
- D. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals
- E. Load detailed Fixed Asset data to Movement members.
Answer: B,D,E
NEW QUESTION 67
Whichthree tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel?
(Choose three.)
- A. Run a rule such as Consolidate or Translate
- B. Submit data
- C. Adjust data with Journals
- D. Retrieve data
Answer: A,B,D
NEW QUESTION 68
How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?
- A. During application creation, select the Multicurrency option of "Yes".
- B. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
- C. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.
- D. Enable a dimension for Currency after application creation via a Metadata load.
Answer: D
Explanation:
Enable a dimension for Currency after application creation via a Metadata load.
NEW QUESTION 69
Which statement correctly describes what happens to parent entities duringconsolidation?
- A. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
- B. The changes in the relational database are synced to theunderlying Essbase cube.
- C. 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.
- D. 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.
Answer: C
NEW QUESTION 70
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