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Question 1

Which statement about Opening Balance Override rules is true?

Options :

A : They are available only if Intercompany Data with Tracking is enabled for the business process.

B : Opening Balance Override rules execute for the first period in the year only.

C : You can select which entities to include in the rule scope.

D : You can select which accounts to include in the rule scope.

Answer: B

Question 2

What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

Options :

A : this setting will not affect additions or subtractions to the next parent

B : subtract amounts consolidated to the parent

C : add amounts consolidated to the parent

D : you can’t load data to this account

Answer: B

Question 3

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

Options :

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

Answer: A

Question 4

What action requires refreshing the database?

Options :

A : You deploy a new Configurable Calculation rule in Calculation Manager.

B : You edit the alias for a member in the Entity dimension

C : You change the ownership percentage for an entity.

D : You edit the Consolidation Operator for a member in the Account dimension

Answer: B

Question 5

Which statement is true regarding Data Management categories?

Options :

A : Categories are defined on the Global Mapping tab and then the frequency is specified on the ApplicationMapping tab

B : Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.

C : Application mapping is not required if the global mapping target category is exactly correct.

D : The category’s time frequency allows data to be loaded to daily, weekly, and monthly scenarios.

Answer: B