1Z0-1081-20 Free Certification Exam Material from ExamDumpsVCE with 118 Questions
Use Real 1Z0-1081-20 - 100% Cover Real Exam Questions
NEW QUESTION 13
An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation ofequity accounts? (Choose two.)
- A. A journal entry to reverse the adjusted Common Stock balance withthe Data Source member FCCS_Journal Input.
- B. Data entry to the Common Stock account withthe Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.
- C. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.
- D. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.
Answer: A,B
NEW QUESTION 14
P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?
- A. February should be consolidated, after which the cash at AceCo is now 65.
- B. January should be consolidated for the change and nothing needs to happen for February.
- C. There is no way to do a prior period entry like this.
- D. January and February should be consolidated.
Answer: D
NEW QUESTION 15
Which four sample ratios can be created during the application creation process? (Choose four.)
- A. Debt Ratio
- B. Inventory Ratios
- C. Days Sales in Receivables
- D. Gross Margin
- E. Earnings per Share
- F. Contribution Margin
Answer: A,B,C,D
NEW QUESTION 16 
PQR Company has the ownership structure shown above.
If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?
- A. First order relation
- B. Generation 0
- C. First common parent
- D. Lowest common denominator
Answer: C
NEW QUESTION 17
A company is based in the United Kingdom and has an application currency set to GBP. The companycollects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)
- A. Common Stock must have an Exchange Rate Type set to Historical Rate Override.
- B. USD must be created as a reporting currency.
- C. The subsidiary must have a balance not equal to zero in Common Stock.
- D. Common Stock must have a Data Storage property set to Never Share.
- E. The subsidiary must have a parent entity with a GBP currency.
Answer: C,E
NEW QUESTION 18
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. The Data Storage Member Property must set to "Dynamic Calc".
- C. You build an alternate hierarchy by using partial share Entity members.
- D. When data is posted to one shared entity, the data is posted to all instances.
Answer: B
NEW QUESTION 19
What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?
- A. The data export format / file extension is always extracted in a ZIP file format.
- B. The data export format / file extension is always extracted in a XLS file format.
- C. The data export format / file extension is always extracted in a CSV file format.
- D. The data export format / file extension is always extracted in a DAT file format.
Answer: C
Explanation:
The system creates an export file for each artifact (.csv).
NEW QUESTION 20
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 only
- C. 12-month and 13-month
- D. 12-month, 13-month and a 14-month
Answer: C
NEW QUESTION 21
What information is included in the data extract export file delimited format?
- A. the application name
- B. the ID of the user performing the extract
- C. the domain and application name
- D. the data load cube name
Answer: B
NEW QUESTION 22
Which statement is true regarding shared members and valid intersection rules?
- A. If a shared member is selected for a valid intersection rule, then the base member is not included in the rule
- B. Shared members are not supported in valid intersection rules
- C. Shared members are supported in valid intersection rules
- D. If a base member is included in a valid intersection rule, then any shared member is not included in the rule
Answer: B,D
Explanation:
Shared members are supported in valid intersection rules. If a base member is selected for a valid intersection rule, any shared members are also included in the rule.
Reference:
admin_valid_intersections_shared_members_and_rules_102x58c8d618.html
NEW QUESTION 23
Which three scenarios result in foreign currency translation during the default consolidation process?
(Choose three.)
- A. A base entity currency has a parent entity with a different default currency.
- B. A parent entity has the same default currency as its parent.
- C. A base entity currency has a parent entity with a matching default currency.
- D. A shared entity has a parent with a different currency.
- E. A parent entity has a different currency from its parent.
Answer: A,D,E
NEW QUESTION 24
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. During application creation, select the Multicurrency option of "No" and insert additionalcurrencies within the Currency dimension.
- C. Enable a dimension for Currency after application creation via a Metadata load.
- D. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
Answer: C
NEW QUESTION 25
What is the correct Currency dimension member to select when running an Intercompany Matching Report?
- A. Input Currency
- B. Reporting Currency
- C. EntityCurrency
- D. Parent Currency
Answer: B
NEW QUESTION 26
Which four sample ratios can be selected during business process creation?
- A. Inventory Ratios
- B. Debt Ratio
- C. Contribution Margin
- D. Days Sales in Receivables
- E. Gross Margin
- F. Earnings per Share
Answer: C,D,E,F
NEW QUESTION 27
Which statement is true regarding shared members and valid intersection rules?
- A. If a base member is included in a valid intersection rule, then any shared member is not included in the rule
- B. If a shared member is selected for a valid intersection rule, then the base member is not included in the rule
- C. Shared members are supported in valid intersection rules
- D. Shared members are not supported in valid intersection rules
Answer: C
NEW QUESTION 28
......
Dumps Brief Outline Of The 1Z0-1081-20 Exam: https://www.examdumpsvce.com/1Z0-1081-20-valid-exam-dumps.html
