Online 1Z0-1081-25 Practice Test

Question 1

In the Movement dimension, for which two can you modify the default translation calculation?

Options :

A : Base-level members under FCCS_Mvmts Subtotal

B : Opening Balance

C : Closing Balance

D : Opening Balance Input

Answer: A,B

Question 2

When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?

Options :

A : Chart

B : Grid

C : Image

D : Header

Answer: D

Question 3

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 4

Which statement correctly describes what happens to parent entities during consolidation?

Options :

A :

Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities

B :

Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.

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

D :

For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.

Answer: A

Question 5

Three child entities – P, Q, and R – of a mid-level parent entity – AceCo – have account receivables in the

amounts of 10, 20, and 30, respectively.

Which statement contains conditions for all three entities that would cause the account receivable balance

amount at AceCo not to be 60?

Options :

A :

P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany

receivable balance with another division that is not a descendant of AceCo.

B :

P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany

receivable balance with another division that is not a descendant of AceCo.

C :

P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany

receivable balance with Q.

D :

P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany

receivable balance with Q.

Answer: C

EXPERTY DESIGNED 1Z0-1081-25 PRACTICE TEST