Question 1

Which statement is true about an approval process with the Phase Dependency option enabled?

Options :

A : Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.

B : Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.

C : Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.

D : Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.

Answer: C,D

Question 2

In the Movement dimension, for which two can you modify the default translation calculation?

Options :

A : Base-level members under FCCS_Mvmts Subtotal

B : Opening Balance

C : Closing Balance

D : Opening Balance Input

Answer: A,B

Question 3

Which two members of the Consolidation dimension cause the standard foreign currency translation rules tobe ignored?

Options :

A : FCCS_Amount_Override

B : FCCS_Rate Override

C : FCCS_Contribution

D : FCCS_Proportion

E : FCCS_Elimination

F : FCCS_Translation

Answer: A,B

Question 4

What will Financial Consolidation and Close do when aggregating data for a member that is set as an expensetype account to a parent that is set as an income type account?

Options :

A : This setting does not affect aggregation to the parent.

B : You cannot load data to this account.

C : Add amounts aggregated to the parent.

D : Subtract amounts aggregated to the parent.

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