Question 1

If the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) businessprocess is created, which statement is true?

Options :

A : The FCCS_No Intercompany member of the ICP dimension is used for all data.

B : The ICP dimension is omitted.

C : An extra custom dimension is available.

D : Data can be stored by intercompany partner but no eliminations will occur.

Answer: B

Question 2

Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_EntityInputmember might be different than the data in the FCCS_Proportion member?

Options :

A : A rate was entered into the FCCS_Rate Override account.

B : An ownership percentage for the entity other than 100 was entered.

C : An intercompany elimination was performed.

D : The parent entity has a different currency than the child.

Answer: B

Question 3

Which two statements about the Copy Data function are true? (Choose two.)

Options :

A : When you select the Regular Data option, journals data is included

B : You can select which Consolidation dimension member to copy

C : You cannot select which Account members to copy

D : You can copy data for historical rate and amount overrides.

Answer: A,D

Question 4

Which statement correctly describes the Consolidation dimension?

Options :

A : The dimension contains members to store non-controlling interest and joint venture data.

B : The dimension uses a separate member to store data from an entity’s descendants.

C : The dimension allows users to see input versus journal adjustment data.

D : The dimension aggregates input, consolidated, and elimination data together.

Answer: C

Question 5

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