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NEW QUESTION 49
To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?

  • A. Metadata Supervisor
  • B. System Administrator
  • C. Power User
  • D. Metadata Administrator

Answer: D

Explanation:
Service Administrators have Write access to all dimension members and to all forms.

 

NEW QUESTION 50
P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?

  • A. January should be consolidated for the change and nothing needs to happen for February.
  • B. January and February should be consolidated.
  • C. February should be consolidated, after which the cash at AceCo is now 65.
  • D. There is no way to do a prior period entry like this.

Answer: B

 

NEW QUESTION 51
Which statement correctly describes the Consolidation dimension?

  • A. The dimension allows users to see input versus journal adjustment data.
  • B. The dimension contains members to store non-controlling interest and joint venture data.
  • C. The dimension aggregates input, consolidated, and elimination data together.
  • D. The dimension uses a separate member to store data from an entity’s descendants.

Answer: A

 

NEW QUESTION 52
Which two data extract export file types are available within Financial Consolidation and Close (FCCS)? (Choose two.)

  • A. Comma delimited
  • B. DAT file type
  • C. Tab delimited
  • D. Excel XLS file type

Answer: A,C

 

NEW QUESTION 53
For which
scenario would an On-Demand rule be an appropriate solution?

  • A. to copy data from one scenario to a different scenario
  • B. to perform a custom currency translation for a subset of accounts
  • C. to allocate data to base entities prior to consolidation
  • D. to add a column with a calculation to a report

Answer: A

Explanation:
Copy data from one scenario to another one.

 

NEW QUESTION 54
……

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