Online 1Z0-1081-24 Practice Test

Question 1

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

Options :

A : The ICP dimension is omitted.

B : The FCCS No Intercompany member of the ICP dimension is used for all data.

C : Data can be stored by the intercompany partner but no eliminations occur

D : An extra custom dimension is available.

Answer: A

Question 2

Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity

Input

member might be different than the data in the FCCS_Proportion member?

Options :

A : A rate was entered into the FCCS_Rate Override account.

B : An ownership percentage for the entity other than 100 was entered.

C : An intercompany elimination was performed.

D : The parent entity has a different currency than the child.

Answer: B

Question 3

In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new

Schedule each month?

Options :

A : when the tasks are repeatable over multiple close cycles

B :

when the tasks require consistent definition across close schedules

C :

when the tasks are often late in completion and they need to be monitored more closely

D :

when the tasks require multiple levels of approvers

Answer: A

Question 4

For which three levels can Profiles be set in Data Management?

Options :

A : Category

B :

Source System

C : System

D : User

E : Application

Answer: C,D,E

Question 5

Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

Options :

A : Grid

B : Header

C : Chart

D : Footer

Answer: A,C

EXPERTY DESIGNED 1Z0-1081-24 PRACTICE TEST