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Financial Consolidation and Close Cloud 1z1-983 Moreover, we have Demos as freebies.
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1z1-983 PDF DEMO:
QUESTION NO: 1
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. Report performance
C. Designing dynamic reports
D. Expanded vs. single data segments
Answer: A
QUESTION NO: 2
When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?
A. load data to this account and make member formulas
B. load data to this account
C. create Member Formulas
D. Member Formulas cannot be created
Answer: A,C
QUESTION NO: 3
How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?
A. by selecting Application, then Overview, then Dimensions, and then Export
B. by selecting Tasks, then Metadata, and then Import
C. by selecting Dimension, then Import, and then Metadata
D. by selecting Application, then Overview, then Dimensions, and then Import
Answer: C
QUESTION NO: 4
UESTION NO: 64
An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.)
A. A journal entry to reverse the adjusted Common Stock balance with the Data Source member
FCCS_Journal Input.
B. Data entry to the Common Stock account with the FCCS_Amount Override member of the
Consolidation dimension and the Data Source member FCCS_Managed Data.
C. A journal entry to the Common Stock account with the FCCS_Amount Override member of the
Consolidation dimension and the Data Source member FCCS_Journal Input.
D. Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.
Answer: A,D
QUESTION NO: 5
Which statement is FALSE when setting up Shared Entities?
A. You build an alternate hierarchy by using partial share Entity members.
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. The calculation status will not change in all instances when data is changed in one instance.
Answer: B
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Updated: May 28, 2022