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| Section | Objectives |
|---|---|
| Rules and Automation | - Business rules and calculation logic
|
| Intercompany Processing | - Intercompany transactions
|
| Reporting and Analysis | - Financial reporting
|
| Application Configuration | - FCCS application setup and configuration
|
| Close Process Management | - Period close activities
|
| Consolidation Process | - Financial consolidation activities
|
| Data Integration | - Data loading and management
|
| Security and Access | - User and role management
|
| Journals and Adjustments | - Journal management
|
1. Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?
A) FCCS_Data Input
B) FCCS_Proportion
C) FCCS_No Data Source
D) FCCS_SystemTypes
2. Which two statements are true about the Multi-GAAP feature? (Choose two.)
A) Enabling Multi-GAAP reduces the number of custom dimensions you can have.
B) When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
C) You must specify a prefix for entities that use the alternate gap standard.
D) Select this option if you need to report your financial statements only in IFRS.
3. 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) You build an alternate hierarchy by using partial share Entity members.
C) The Data Storage Member Property must set to "Dynamic Calc".
D) When data is posted to one shared entity, the data is posted to all instances.
4. For which
scenario would an On-Demand rule be an appropriate solution?
A) to allocate data to base entities prior to consolidation
B) to copy data from one scenario to a different scenario
C) to add a column with a calculation to a report
D) to perform a custom currency translation for a subset of accounts
5. Which customization can you perform on the Navigation Flows page?
A) Add or Hide cards.
B) Select a data form to display at start up based on user group.
C) Set a default POV by user group.
D) Select a color scheme.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,B | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A |
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