Authentic Best resources for 1Z0-1081-20 Test Engine Practice Exam
[2021] 1Z0-1081-20 PDF Questions - Perfect Prospect To Go With ITexamReview Practice Exam
NEW QUESTION 20
Which statement correctly describes what happens to parent entities during consolidation?
- A. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.
- B. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.
- C. The changes in the relational database are synced to the underlying Essbase cube.
- D. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
Answer: B
NEW QUESTION 21
Which statement is FALSE when setting up Shared Entities?
- A. You build an alternate hierarchy by using partial share Entity members.
- B. The calculation status will not change in all instances when data is changed in one instance.
- C. When data is posted to one shared entity, the data is posted to all instances.
- D. The Data Storage Member Property must set to "Dynamic Calc".
Answer: B
NEW QUESTION 22
Which two statements are true of the roll forward calculation in the Movement dimension?
- A. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
- B. Values for Opening Balance are retrieved from the prior period Closing Balance.
- C. Translated values for Closing Balance are adjusted to the ending rate for the period.
- D. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
Answer: B,C
Explanation:
If Entity currency and Parent currency Closing Balance data does not exist in the prior period, then the Ending Rate for the prior period is used.
Opening balance is calculated from the prior period's Closing Balance.
Reference:
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/built_in_calculations.html
NEW QUESTION 23
How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?
- A. By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.
- B. By selecting Track Multi-source Data Input option for Other Data duringthe application creation process.
- C. Drill-back is available from any Multi-source dimensionmember by default, know the source of the origination data load.
- D. Drill-back to SDM is not an available feature.
Answer: C
NEW QUESTION 24
What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?
- A. FCCS_Entity Consolidation
- B. FCCS_Parent Currency
- C. FCCS_Entity Total
- D. FCCS_Contribution
Answer: D
NEW QUESTION 25
You are required to create a form to allow users to input data. Which three actions or form components selected should accomplish this?
- A. Give data input users WRITE access to form dimension members
- B. Set access rights for data input users to the form
- C. Level 0 dimension members on POV, rows and columns
- D. Set the currency on the form to the reporting currency member USD_Reporting
Answer: A,B,C
NEW QUESTION 26
What are two important first steps in initially setting up Close Manager? (Choose two.)
- A. Set up Users.
- B. Define system settings such as Organization units, Holiday rules and Task attachment size.
- C. Assign tasks to users.
- D. Create a schedule and set it to Open status.
Answer: A,B
NEW QUESTION 27
When setting an account property to a data storage type of "Dynamic Calc" which two areallowed?
- A. load data to this account
- B. create Member Formulas
- C. load data to this account and make member formulas
- D. Member Formulas cannot be created
Answer: B,C
NEW QUESTION 28
When defining a batch in Data Management, which statement is True?
- A. Each data load rule must specify the period or the batch will default to the POV period.
- B. A batch replaces the need for data load rules.
- C. Batches can import from source or export to target, but not both.
- D. A batch can load to multiple plan types.
- E. Batches can execute data loads for multiple locations.
Answer: E
NEW QUESTION 29
Whichstatement is true regarding Data Management categories?
- A. Application mapping is not required if the global mapping target category is exactly correct.
- B. Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab
- C. The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.
- D. Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.
Answer: D
NEW QUESTION 30
Which of the following is allowed for accounts with the data storage type of "Dynamic Calc"?
- A. Load data to this account and create member formulas.
- B. Create member formulas.
- C. Enter data through a data form
- D. Load data to this account.
Answer: A
NEW QUESTION 31
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 32
When creating a member mapping for account Sales in Data Management, the following script is entered.
UD5 refers to a Product custom dimension:
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
ELSE 'SALES'
Which statement is True?
- A. The script will not work since Data Management does not support scripting.
- B. The script will work if the script is referenced in the Explicit mapping type with #SQL as the target.
- C. The script will work if the script is referenced in the In mapping type with #SQL as the target.
- D. The script can be eliminated by using a multi-dim map on the Product dimension thatalso looks for the account Sales.
- E. The script will not work since theUD5 member referenced does not start with FCCS_
Answer: C
NEW QUESTION 33
Which statement correctly describes the Consolidation dimension?
- A. The dimension uses a separate member to store data from an entity's descendants.
- B. The dimension contains members to store non-controlling interest and joint venture data.
- C. The dimension aggregates input, consolidated, and elimination data together.
- D. The dimension allows users to see input versus journal adjustment data.
Answer: D
NEW QUESTION 34
When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)
- A. Supplemental Data
- B. Data Management
- C. ERP r12
- D. ERP Cloud
Answer: A,B
NEW QUESTION 35
A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal?
- A. Create a Roll Forward in the account dimension.
- B. Add custom members for Additions and Disposals as children of FCCS_Mvmts_CapitalExpenditures.
- C. Add custom Movement members to the FCCS_CashFlow hierarchy.
- D. Load detailed Fixed Asset data to Movement members.
- E. Build a custom Movement member for Fixed Assets with child members for Additions and Disposals.
Answer: A,C,D
NEW QUESTION 36
Which four items are active components of the Currency dimension? (Choose four.)
- A. Reporting Currencies
- B. Entity Currency
- C. Translated Currencies
- D. Input Currencies
- E. Entity Currency Adjustments
- F. Parent Currency
Answer: A,D,E,F
NEW QUESTION 37
Which statement is FALSE when Intercompany Data is enabled?
- A. The Intercompany Entity attribute for an Entity must be set to Yes to store intercompany data.
- B. In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
- C. Tracking intercompany eliminations is optional.
- D. Intercompany accounts are assigned plug accounts.
Answer: B
Explanation:
Explanation: Elimination data applies to all children, including children with a different Domicile than the Parent, a blended rate is entered at the Parent Entity's domicile. If you want to disable the elimination global rules, do not enter rates at the Parent entity.
Reference:
admin_tax_automation_intercompany_eliminations_100x084ae29f.html
NEW QUESTION 38
You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.
Where on the form do you define the View dimension and select the correct member?
- A. a column
- B. the Point of View
- C. Other Options section
- D. the Page Axis
Answer: B
NEW QUESTION 39
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 40
What information is included in the data extract export file delimited format?
- A. the domain and application name
- B. the application name
- C. the data load cube name
- D. the ID of the user performing the extract
Answer: B
NEW QUESTION 41
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 42
You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?
- A. The new task will run outside of the schedule end date.
- B. The task will not run.
- C. An error, you can't add a new task past the due date.
- D. The schedule end date changes to match the end date of the task.
Answer: D
Explanation:
When you add a new task to a schedule, it automatically is scheduled to start on the project's start date. As tasks are added to the schedule and connected to other tasks, the start times of tasks will change, and the last task to finish determines the project's finish date.
NEW QUESTION 43
How can the Intercompany dimension be enabled within your application?
- A. In the metadata editor, select Enabled for the Intercompany property for the Entity dimension.
- B. During application creation, select the Intercompany Data option.
- C. In the metadata editor, select IC_Entity_Yes for the Intercompany Entity property for any entity.
- D. In the metadata editor, select IC_Acc_Yes for the Intercompany property for any account.
Answer: A
Explanation:
Reference:
intercompany_property_for_entities.html
NEW QUESTION 44
......
Best updated resource for 1Z0-1081-20 Online Practice Exam: https://www.itexamreview.com/1Z0-1081-20-exam-dumps.html
