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| Section | Objectives |
|---|---|
| Topic 1: Rules and Automation | - Business rules and calculation logic
|
| Topic 2: Close Process Management | - Period close activities
|
| Topic 3: Application Configuration | - FCCS application setup and configuration
|
| Topic 4: Reporting and Analysis | - Financial reporting
|
| Topic 5: Consolidation Process | - Financial consolidation activities
|
| Topic 6: Journals and Adjustments | - Journal management
|
| Topic 7: Security and Access | - User and role management
|
| Topic 8: Data Integration | - Data loading and management
|
| Topic 9: Intercompany Processing | - Intercompany transactions
|
1. Which four sample ratios can be created during the application creation process? (Choose four.)
A) Debt Ratio
B) Inventory Ratios
C) Contribution Margin
D) Days Sales in Receivables
E) Earnings per Share
F) Gross Margin
2. Which statement correctly describes the Consolidation dimension?
A) The dimension contains members to store non-controlling interest and joint venture data.
B) The dimension uses a separate member to store data from an entity's descendants.
C) The dimension allows users to see input versus journal adjustment data.
D) The dimension aggregates input, consolidated, and elimination data together.
3. 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?
A) Intercompany Entity
B) Plug Account
C) Is Plug Account
D) Intercompany Account
4. Which three scenarios result in foreign currency translation during the default consolidation process? (Choose three.)
A) A base entity currency has a parent entity with a matching default currency.
B) A parent entity has a different currency from its parent.
C) A base entity currency has a parent entity with a different default currency.
D) A shared entity has a parent with a different currency.
E) A parent entity has the same default currency as its parent.
5. Which statement is FALSE about when Intercompany Data is enabled?
A) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
B) The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.
C) Intercompany accounts are assigned plug accounts.
D) Tracking intercompany eliminations is optional.
Solutions:
| Question # 1 Answer: A,B,D,F | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: B,C,D | Question # 5 Answer: A |
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