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 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

A company would like to capture Fixed Asset additions and disposals within the Movement dimension.Which three tasks are necessary to achieve this goal? (Choose three.)

Options :

A : Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals

B : Add custom members for Additions and Disposals as dependents ofFCCS_Mvmts_CapitalExpenditures.

C : Load detailed Fixed Asset data to Movement members.

D : Add custom Movement members to the FCCS_CashFlow hierarchy.

E : Create a Roll Forward in the account dimension.

Answer: A,B,C

Question 4

Which statement is false regarding establishing security for Financial Consolidation and Close?

Options :

A : Security can be assigned at a prevent level.

B : Security is mandatory for one dimension.

C : The Identity Domain Administrator inherits full access privileges.

D : All members are accessible for dimensions with no security applied.

E : Security can be disabled for any dimension.

Answer: C

Question 5

For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

Options :

A : Account is a Sparse dimension.

B : The View dimension stores only periodic data.

C : All parent members in the Account dimension must have a Solve Order value of 58.

D : You cannot add member formulas to members of the Movement dimension.

Answer: C