Online Access Free 1z1-983 Practice Test

Which statement correctly describes the Consolidation dimension?

• A.The dimension aggregates input, consolidated, and elimination data together.
• B.The dimension uses a separate member to store data from an entity's descendants.
• C.The dimension allows users to see input versus journal adjustment data.
• D.The dimension contains members to store non-controlling interest and joint venture data.

Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?

• A.Data source, Consolidation, View
• B.Period, Year, Entity
• C.Multi-GAAP, Data Type, Intra-company
• D.From Currency, Movement, Scenario
• E.Value, Entity, Account

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 additional currencies 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.

What are two important first steps in initially setting up Close Manager? (Choose two.)

• A.Create a schedule and set it to Open status.
• B.Set up Users.
• C.Assign tasks to users.
• D.Define system settings such as Organization units, Holiday rules and Task attachment size.

What member of the Currency dimension should be used during data entry for historical override amounts?

• A.Input Currencies
• B.Parent Currency
• C.Entity Currency
• D.Reporting Currencies