QUESTION NO: 1
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?
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?
Correct Answer: D
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QUESTION NO: 2
When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?
When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?
Correct Answer: A,D
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QUESTION NO: 3
To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection?
To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection?
Correct Answer: D
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QUESTION NO: 4
Which two statements are correct with regard to Data Management locations? (Choose two.)
Which two statements are correct with regard to Data Management locations? (Choose two.)
Correct Answer: A,F
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QUESTION NO: 5
When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?
When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?
Correct Answer: B
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QUESTION NO: 6
Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)
Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)
Correct Answer: E,F
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QUESTION NO: 7
A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)
A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)
Correct Answer: A,D,E
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QUESTION NO: 8
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)
Correct Answer: A,C,D
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QUESTION NO: 9
Which is true behavior of default FCCS_ members within an application?
Which is true behavior of default FCCS_ members within an application?
Correct Answer: C
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