Online Access Free 1z1-1081 Exam Questions

Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?

• A.Supplemental Data Management
• B.Account Reconciliation Management
• C.Financial Close Management
• D.Process Management
• E.Data Management

Which statement is FALSE when setting up Shared Entities?

• A.The calculation status will not change in all instances when data is changed in one instance.
• B.The Data Storage Member Property must set to "Dynamic Calc".
• C.When data is posted to one shared entity, the data is posted to all instances.
• D.You build an alternate hierarchy by using partial share Entity members.

When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?

• A.Suppress missing blocks
• B.Expanded vs. single data segments
• C.Report performance
• D.Designing dynamic reports

Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?

• A.P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
• B.P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
• C.P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
• D.P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.

By default, security access is set to "None" for which three dimensions? (Choose three.)

• A.Data Source
• B.Year
• C.Entity
• D.Account
• E.Movement