Question 1

Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

Options :

A : The ICP dimension is omitted.

B : The FCCS No Intercompany member of the ICP dimension is used for all data.

C : Data can be stored by the intercompany partner but no eliminations occur

D : An extra custom dimension is available.

Answer: A

Question 2

Which components are pre-built into Financial Consolidation and Close Cloud Service to provide aconfigurable and scalable consolidation solution?

Options :

A : pre-built integrations to combine narrative and data to produce both internal and external reportingpackages

B : calculations, dashboards and reports to provide analysis for cash flow modeling

C : calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow

D : calculations, dashboards and reports built on planning frameworks to provide cash flow planning

Answer: C

Question 3

What member of the Currency dimension should be used during data entry for historical override amounts?

Options :

A : Parent Currency

B : Input Currencies

C : Reporting Currencies

D : Entity Currency

Answer: B

Question 4

The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to closethe books, and then three days of reviewing, analyzing, and reporting.To define a Close Manager task template to monitor all seven days, which day range should you define?

Options :

A : Day -3 to Day 4

B : Day -3 to Day 3

C : Day 1 to Day 7

D : Day -2 to Day 4

Answer: B

Question 5

Which statement is FALSE when enabling a Multi-GAAP application?

Options :

A : Two custom dimensions are available after enabling Multi-GAAP.

B : The Multi-GAAP dimension is optional.

C : The system automatically creates an FCCS_IFRS member.

D : Additional GAAP adjustment can be created.

Answer: A

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