Question 1

Which is true behavior of default FCCS_ members within an application?

Options :

A : You can change the default FCCS_ member prefix at application creation.

B : You can change the Alias of these default FCCS_ members at any time.

C : You can change the Name of these default FCCS_ members at any time.

D : You cannot change the Alias of these default FCCS_ members.

Answer: B

Question 2

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 3

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

Question 4

In Financial Close Manager, when would you choose to define tasks in a Template rather than create a newSchedule each month?

Options :

A : when the tasks are repeatable over multiple close cycles

B : when the tasks require consistent definition across close schedules

C : when the tasks are often late in completion and they need to be monitored more closely

D : when the tasks require multiple levels of approvers

Answer: A

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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