Online Access Free 1z0-1081 Practice Test

Which statement is FALSE when setting up Shared Entities?

• A.The Data Storage Member Property must set to "Dynamic Calc".
• B.When data is posted to one shared entity, the data is posted to all instances.
• C.The calculation status will not change in all instances when data is changed in one instance.
• D.You build an alternate hierarchy by using partial share Entity members.

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

• A.FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward
• B.FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate
• C.Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal
• D.Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal

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 matching 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 different default currency.
• D.A parent entity has a different currency from its parent.
• E.A shared entity has a parent with a different currency.

Which statement is false regarding establishing security for Financial Consolidation and Close (FCCS)?

• A.All members are accessible for dimensions with no security applied.
• B.The Identity Domain Administrator inherits full access privileges.
• C.Security is mandatory for one dimension.
• D.Security can be assigned at a parent level.
• E.Security can be disabled for any dimension.

Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)

• A.FCCS_No Data Source
• B.FCCS_Journal Input
• C.FCCS_Intercompany Eliminations
• D.FCCS_PCON