[Dec 13, 2021] Reliable 1Z0-1081-20 Exam Tips Test Pdf Exam Material
New 2021 1Z0-1081-20 Test Tutorial (Updated 118 Questions)
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NEW QUESTION 29
A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)
- A. Load detailed Fixed Asset data to Movement members.
- B. Add custom Movement members to the FCCS_CashFlow hierarchy.
- C. Add custom members for Additions and Disposals as dependents of FCCS_Mvmts_CapitalExpenditures.
- D. Create a Roll Forward in the account dimension.
- E. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals
Answer: A,C,E
NEW QUESTION 30
For your business process, owners of approval units should be able to lock and unlock data without going.
through an approval process.
Which action should you perform?
- A. Delete the default Approval Unit hierarchy.
- B. Select the Consolidation template when setting up the Approval Unit hierarchy.
- C. Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
- D. Select as owners only users with the Service Administrator or Power User security role.
Answer: B
Explanation:
To lock or unlock an entity, you must create an approval unit hierarchy containing the entities you want to lock.
By default, Financial Consolidation and Close provides an approval unit named "Total Geography".
Reference:
locking_and_unlocking_entities.html
NEW QUESTION 31
Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report.
Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.)
- A. FCCS_CashFlow_Accounts Payable account member
- B. FCCS_Accounts Payable account member
- C. FCCS_CashFlow_Operating movement member
- D. FCCS_CashChange movement member
- E. FCCS_Total Balance Sheet - Cash and NonCash account member
Answer: A,E
NEW QUESTION 32
What is the primary function of enabling the Track Intercompany Elimination option during the application creation?
- A. enables the application to include Intercompany data.
- B. enables the application to perform Intercompany eliminations
- C. process will separate total eliminationvalues by Data Source.
- D. enables the Elimination member in the Consolidation dimension
Answer: C
NEW QUESTION 33
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. Create a schedule and set it to Open status.
- D. Assign tasks to users.
Answer: A,B
NEW QUESTION 34
Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company thatconsolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?
- A. A translation of Company XYZ to Parent Currency
- B. A translation of Company IOU
- C. A consolidation of Company XYZ
- D. A translation to the USD_Reporting currency member for Company IOU
- E. A consolidation of Company 123
Answer: A
NEW QUESTION 35
What is the correct Currency dimension member to select when running an Intercompany Matching Report?
- A. Entity Currency
- B. Input Currency
- C. Reporting Currency
- D. Parent Currency
Answer: C
Explanation:
Currency (Must be a Reporting Currency)
Reference:
setting_up_intercompany_matching_reports.html
NEW QUESTION 36
For which scenario would an On-Demand rule be an appropriate solution?
- A. to perform a custom currency translation for a subset of accounts
- B. to allocate data to base entities prior to consolidation
- C. to copy data from one scenario to a different scenario
- D. to add a column with a calculation to a report
Answer: C
Explanation:
Copy data from one scenario to another one.
NEW QUESTION 37
Which statement is FALSE when setting up Shared Entities?
- A. The Data Storage Member Property must set to "Dynamic Calc".
- B. You build an alternate hierarchy by using partial share Entity members.
- C. The calculation status will not change in all instances when data is changed in one instance.
- D. When data is posted to one shared entity, the data is posted to all instances.
Answer: C
NEW QUESTION 38
Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?
- A. Supplemental Data Management
- B. Financial Close Management
- C. Process Management
- D. Data Management
- E. Account Reconciliation Management
Answer: E
NEW QUESTION 39
Which statement accurately describes alternate hierarchies?
- A. Parent members having the same currency
- B. Single entities having multiple parents
- C. Contribution to parent members are similar
- D. Data must be enteredmultiple times for shared members
Answer: B
NEW QUESTION 40
Which three are seeded data forms created during business process creation?
- A. Shares Outstanding
- B. Data Status
- C. Override Rates
- D. Headcount
- E. Exchange Rate Multi-period
Answer: B,C,E
NEW QUESTION 41
By default, security access is set to "None" for which threedimensions? (Choose three.)
- A. Entity
- B. Account
- C. Movement
- D. Year
- E. Data Source
Answer: A,B,E
NEW QUESTION 42
In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?
- A. when the tasks are often late in completion and they need to be monitored more closely
- B. when the tasks require consistent definition across close schedules
- C. when the tasks are repeatable over multiple close cycles
- D. when the tasks require multiple levels of approvers
Answer: A
NEW QUESTION 43
Whichstatement is true regarding Data Management categories?
- A. Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab
- B. The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.
- C. Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.
- D. Application mapping is not required if the global mapping target category is exactly correct.
Answer: C
NEW QUESTION 44
How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?
- A. by selecting Application, then Overview, then Dimensions, and then Export
- B. by selecting Dimension, then Import, and then Metadata
- C. by selecting Application, then Overview, then Dimensions, and then Import
- D. by selecting Tasks, then Metadata, and then Import
Answer: B
NEW QUESTION 45
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