Verified & Latest 1z0-1081-23 Dump Q&As with Correct Answers [Q19-Q36]

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Verified & Latest 1z0-1081-23 Dump Q&As with Correct Answers

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NO.19 Which statement is FALSE about the Equity Pickup feature?

Seeded rule sets are provided for Equity Pickup.

Equity Pickup rules run as part of the consolidation process

Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.

Equity Pickup rules are run on demand from the Rules card by users with launch permission.

NO.20 The company PQR has an ownership structure as shown below.

H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?

PQR

H 1 and P 2

Hickory and Paducah

No elimination is performed, because H 1 and P 1 do not have the same parent.

NO.21 Which statement is FALSE about running consolidations?

When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.

When you consolidate a parent, children with the Impacted calculation status are also consolidated.

When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.

Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.

NO.22 You are required to create a form that allows users to input data. Which three actions are consistent with this?
(Choose three.)

Set the consolidation member on the form to FCCS Entity Input.

In the member selection for Entity, do not include shared entities; include only primary instances of entities.

Select level 0 dimension members for POV rows, and columns. www*’

Grant the data input users Write access to the dimension members used on the form.

Set the currency on the form to Parent Currency.

NO.23 Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)

Local Rate

Average Rate

Opening Rate

Ending Rate

NO.24 Which two are NOT selectable as Workflow dimensions for a Collection Interval in Supplemental Data Manager? (Choose two.)

Scenario

Year

Entity

Period

Account

NO.25 Which statement is FALSE regarding establishing security for Financial Consolidation and Close?

The Identity Domain Administrator inherits full access privileges.

Security is mandatory for one dimension.

Security can be assigned at a parent level.

Security can be disabled for any dimension.

All members are accessible for dimensions with no security applied.

NO.26 Which four sample ratios can be selected during business process creation? (Choose four.)

Inventory Ratios

Debt Ratio

Contribution Margin

Days Sales in Receivables

Earnings per Share

Gross Margin

NO.27 Which statement is FALSE about when Intercompany Data is enabled?

Tracking intercompany eliminations is optional.

Intercompany accounts are assigned plug accounts.

In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.

The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.

NO.28 Which customization can you perform on the Navigation Flows page?

Set a default POV by user group.

Add or Hide cards.

Select a color scheme.

Select a data form to display at start up based on user group.

NO.29 When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

Plug Account

Is Plug Account

Intercompany Entity

Intercompany Account

NO.30 For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?

Select the Consolidation template when setting up the Approval Unit hierarchy.

Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.

Select users with the Service Administrator security role.

Delete the default Approval Unit hierarchy.

NO.31 Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

Parent account calculations depend on the sequencing.

Each period in the year must consolidate separately.

There is no reason to consolidate years sequentially.

Years should be consolidated sequentially to ensure that rollforward calculations are correct.

NO.32 Which of the following is allowed for accounts with the data storage type of Dynamic Calc?

Load data to this account.

Enter data through a data form.

Create member formulas.

Load data to this account and create member formulas.

NO.33 Which statement correctly describes the Consolidation dimension?

The dimension allows users to view data in the parent currency.

The dimension allows users to see input versus journal adjustment data.

The dimension contains members to store non-controlling interest and joint venture data.

The dimension uses a separate member for data from an entity’s level-zero descendants.

NO.34 What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?

FCCS Entity Total

FCCS Entity Consolidation

FCCS Totallnput And Adisuted

FCCS Contribution

NO.35 Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

The ICP dimension is omitted.

The FCCS No Intercompany member of the ICP dimension is used for all data.

Data can be stored by the intercompany partner but no eliminations occur.

An extra custom dimension is available.

NO.36 For which task categories is Audit enabled by default?

All task categories

Data only

Journals

No task categories

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