Question 1

When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?

Options :

A : Chart

B : Grid

C : Image

D : Header

Answer: D

Question 2

Which statement about Opening Balance Override rules is true?

Options :

A : They are available only if Intercompany Data with Tracking is enabled for the business process.

B : Opening Balance Override rules execute for the first period in the year only.

C : You can select which entities to include in the rule scope.

D : You can select which accounts to include in the rule scope.

Answer: B

Question 3

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?

Options :

A : Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.

B : Select the Consolidation template when setting up the Approval Unit hierarchy.

C : Delete the default Approval Unit hierarchy.

D : Select as owners only users with the Service Administrator or Power User security role.

Answer: B

Question 4

Which statement is FALSE about the Equity Pickup feature?

Options :

A : Seeded rule sets are provided for Equity Pickup

B : Equity Pickup rules run as part of the consolidation process

C : Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.

D : Equity Pickup rules are run on demand from the Rules card by users with launch permission.

Answer: D

Question 5

When do you enable submission phases for your approval process?

Options :

A : When you start the approval process for an approval unit on the Manage Approvals page

B : When you set up the approval unit hierarchy

C : When you set the member properties for the entity

D : When you assign the approval unit hierarchy to a scenario, period, and year

Answer: B

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