Question 1

Which statement correctly describes when a consolidation can occur within a given year/scenario?

Options :

A : An administrator runs Force Consolidate to force the consolidation of all entities regardless of status orcontent.

B : The current period consolidation status is Impacted and the remaining periods are OK.

C : A user has a power user access but only write access to the entity.

D : A user with power user access first locks the entity so that other users cannot consolidate the sameentity.

E : The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as theyear.

Answer: B

Question 2

What member of the Currency dimension is associated with the Entity Input member of the Consolidationdimension?

Options :

A : Base Currency

B : Parent Currency

C : Local Currency

D : Entity Currency

Answer: D

Question 3

What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

Options :

A : this setting will not affect additions or subtractions to the next parent

B : subtract amounts consolidated to the parent

C : add amounts consolidated to the parent

D : you can’t load data to this account

Answer: B

Question 4

Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

Options :

A : Grid

B : Header

C : Chart

D : Footer

Answer: A,C

Question 5

UESTION NO: 64An entity’s Common Stock balance is made up of data loaded through Data Management and an adjustingjournal 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.)

Options :

A : Data entry to the Common Stock account with the FCCS_Amount Override member of theConsolidation dimension and the Data Source member FCCS_Managed Data.

B : A journal entry to reverse the adjusted Common Stock balance with the Data Source memberFCCS_Journal Input.

C : A journal entry to the Common Stock account with the FCCS_Amount Override member of theConsolidation dimension and the Data Source member FCCS_Journal Input.

D : Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and theData Source member FCCS_Data Input.

Answer: B,D

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