Online 1Z0-1081-25 Practice Test

Question 1

Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

Options :

A :

Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal

B :

Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal

C : FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward

D : FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate

Answer: C,D

Question 2

Which four sample ratios can be selected during business process creation?

Options :

A : Inventory Ratios

B :

Gross Margin

C :

Contribution Margin

D :

Earnings per Share

E : Debt Ratio

F : Days Sales in Receivables

Answer: A,B,E,F

Question 3

Which of the following is allowed for accounts with the data storage type of “Dynamic Calc”?

Options :

A : Load data to this account.

B : Create member formulas.

C : Load data to this account and create member formulas.

D : Enter data through a data form

Answer: B

Question 4

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 5

When do you enable submission phases for your approval process?

Options :

A : When you start the approval process for an approval unit on the Manage Approvals page

B : When you set up the approval unit hierarchy

C : When you set the member properties for the entity

D : When you assign the approval unit hierarchy to a scenario, period, and year

Answer: B

EXPERTY DESIGNED 1Z0-1081-25 PRACTICE TEST