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The data type determines how values are stored in account members and how exchange rates are used to calculate values. Which two statements are true about exchange rates?. If no exchange rate is entered for translating from Currency A to Currency B, an exchange rate of 1 is assumed. In order to enter historical override rates for an account, the Exchange Rate Type property for the account must be set to Historical Rate Override. Triangulated currency rates are not supported. When you enter a direct rate to translate from Currency A to Currency B, an indirect rate for translating from Currency B to Currency A is automatically calculated as well.

A change has occurred that may affect the data for specified dimensions. For example, a new rules file or metadata file has been loaded, or the currency rate has changed. Which calculation status will be displayed?. System Change. Needs Translation. Impacted. Ok.

You created a navigation flow named Analysts that should be the default navigation for users in the Analysts user group. How can the Analysts navigation flow be made the default for the Analysts user group?. In their User Preferences settings, members of the Analysts user group should select Analysts in the Navigation Flow list. In the Analysts navigation flow, select the Analysts user group in the Assign To field. In Application Settings, assign analysts to the Analysts user group in the System Settings section. Because the navigation flow was given exactly the same name as the user group, it is assigned automatically to the group.

A company based in the United Kingdom has their currency set to GBP. The company collects data from a subsidiary based in the United States. The subsidiary’s functional currency is USD. Which two items facilitate the reporting of the subsidiary’s Common Stock balance at a historical rate in the GBP reporting currency?. Rate data for Common Stock must be loaded or entered in the Override Rates form. USD must be added as a reporting currency. Common Stock must have Exchange Rate Type set to Historical Rate Override. Common Stock must have the Data Storage property set to Never Share. The subsidiary must have a parent entity with a GBP currency.

You need to define a form where users should select an entity from a list comprising USA, Canada, and South America, but no other entities. Where on the form do you place the Entity dimension?. The Point of View. The Page Axis. Columns. Rows.

When you create a currency for an application, you can enable it for reporting purposes. Which statement is true about reporting currencies?. All reporting currency members have the suffix _Reporting. When you run the Consolidate business rule, you can select one or more reporting currencies to translate to. All input currencies that you add are automatically added as reporting currencies as well. During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.

When you configure an application, you can select the Multi-GAAP option if you need to report your financial statements in both local GAAP and IFRS or other GAAP. Which two statements are true about the Multi-GAAP feature?. You must specify a prefix for entities that use the alternate GAAP standard. Enabling Multi-GAAP reduces the number of custom dimensions you can have. When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments. Select this option if you need to report your financial statements only in IFRS.

The Entity dimension displays a property for members that specifies if the member should be included in the Intercompany dimension. If the property is selected, a member with the same name is created in the Intercompany dimension. Which two statements are true about the Intercompany Data with Tracking option selected during application creation?. It reduces the amount of custom dimensions available by one. It is required if you want to use Supplemental Data Collection. It is required if you want to use Ownership Management. It enables you to track your intercompany elimination data separately by data source.

As an administrator, you can assign user access to individual forms. Which two statements are true about assigning security access to forms?. Power Users have Write access to all dimension members and to all forms. Power Users cannot access forms created by a Service Administrator. Service Administrators and Power Users can design forms. Users and Power Users can view or enter data only into forms to which they have access.

You can view the calculation status to determine whether data needs to be translated or consolídate. Which two calculation statuses indicate that you can consolidate?. • Impacted. • System Change. • Approved. • Not Started. • OK.

The Intercompany Entities Aggregation option for your business process is set to Ignore What is the result of this?. Data for intercompany entities is not aggregated to the Intercompany Top member. Data for intercompany entities is not aggregated to the Intercompany Entities member. Data for intercompany entities is not eliminated during consolidation. Elimination data for intercompany entities is not written to the plug account.

You have an application with Account as the dense dimension. Which two actions must you complete before you convert an application with Account as dense to an application with Period and Movement as dense?. Verify that the Data Storage option for parent members is set to Never Share. Disable the automatic maintenance window. Ensure there are no metadata validation errors. Make a backup of the application.

When you run a consolidation job, you want to view the real-time status of consolidation jobs in the jobs console. Which two real-time statuses are available to view?. Total number of accounts processed relative to the total number of entities for the period. Force Consolidate option running on selected cells. Level that is being processed. Period that is being consolidated.

You are defining a file-based integration. When selecting general integration options, you can add or edit the attributes or properties assigned to the location. Which two are location attributes you can define?. Parent Location. Functional Currency. Logic Rule Entity Group. Consolidation Rule Group.

You create and run integrations from the Data Integration page. Where can you set the default member for the Currency dimension in a data integration?. Location Attributes in the Create Integration dialog box. Run Integration dialog box. Map Members tab in the Create Integration dialog box. Options tab of the Application Details dialog box.

In a data integration, you need to map records with the label AcctRec in the Account field of the source file to the member name Short Term Rec in the target. Which map type would you use on the Map Members tab?. Is Like. Between. Explicit. In.

The Consolidation dimension enables you to report on the details used to perform different stages of the consolidation process. The dimension allows users to view data in the parent currency. The dimension allows users to see input versus journal adjustments. The dimension contains members to store noncontrolling interest and controlling interest data. The dimension uses a separate member for data from an entity and its base-level descendants.

During application creation, you do not select the Intercompany Data option because your business process does not include intercompany data. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close business process is created?. The Intercompany dimension will not be displayed. 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.

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. An adjustment to January by Q adjusts cash with a debit of 5. Which two statements regarding this consolidation is correct?. January and February should be consolidated for AceCo. January and February should be consolidated for Q, and the change will aggregate automatically to AceCo. Calculation Status for Q for January and February changes to Impacted. Calculation Status for both Q and AceCo for January and February changes to Impacted.

Depending on the functionality you require for your FCC business process, the system enables only the dimensions that are needed. Which dimension includes the FCCS_Global Assumptions member that is used to store common information?. Data Source. Entity. Account. Movement.

When you create an application, the system creates the Consolidation dimension with a hierarchy of seeded members. Which seeded member of the Consolidation dimension represents the dynamic aggregation of Entity Input and Entity Consolidation?. FCCS_Entity Total. FCCS_TotalInputAndAdjusted. FCCS_Entity Consolidation. FCCS_Contribution.

When configuring your Financial Consolidation and Close business process, you enable Intercompany Data. Which statement is true?. The Entity dimension displays a property for members that specifies if the member should be included in the intercompany process. Tracking intercompany eliminations is optional. The Ownership Management option is available for selection only when you have enabled Intercompany Data without Tracking Intercompany Eliminations. If Intercompany Data is enabled, the system creates an Intercompany dimension containing system members.

You routinely create a backup snapshot file of application artifacts and data as part of system maintenance. Which navigation path would you use to create a snapshot file to back up a form?. From the Home page, select Tools, and then Clone Snapshot. Open the form, select Actions, and then Export. From the Home page, select Tools, and then Migration. From the Navigator menu, select Forms.

An approval unit hierarchy identifies entities that are part of the review or approval process. You want to set up an approval process. Which two statements are true about setting up approval unit hierarchies?. Approval unit hierarchies are assigned to a scenario, year, and period combination to be used for review purposes. The first owner defined in the promotional path can assign approvers and reviewers. When an application is created, the system automatically creates an approval unit hierarchy named Total Entity Hierarchy. An approval unit hierarchy can be only created, modified, or deleted by a Service Administrator.

As an administrator, you want to automate tasks and perform them remotely using the EPM Automate tool. Which two are Financial Consolidation and Close tasks that you can perform using EPM Automate?. Export journals. Load a data file. Import journals. Run a business rule.

You need to translate currencies during the consolidation process. Which two conditions must be met for foreign currency translation?. To specify exchange rates, you must set up multiple currencies when creating an application. The default currency of the child is different from the default currency of the parent. Reporting currencies have been defined in the Currency dimension. The child entity is NOT a shared entity.

After you define an approval group, you assign it to an approval unit hierarchy. You can create as many approval groups as you want for an application. How many approval groups can you assign to an approval unit hierarchy?. 20. 50. No limit. 5.

You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules. Which type of report can you run to accomplish this?. Intercompany. Consolidation. Financial. Journal.

You are specifying the workflow parameters for an Enterprise Journals template. You want journals created based on this template to be posted as soon as the preparation is done. Which option should you choose in the Workflow section?. “Prepare and then Approve” as the Workflow option, and then “Prepare and then Post”. “Post after Preparation” as the Workflow option, and then “Prepare and then Post”. “Prepare and then Post” as the Workflow option, and then “Post”. “Prepare and then Approve” as the Workflow option, and then “Post after Preparation”.

You want to use Enterprise Journals to provide a single point of entry for manual journals. Which two statements are true about Enterprise Journals?. Before you work with Enterprise Journals, you need to create the targets that contain the definition and properties of the target application. If you select Cloud Financials as the target type, you cannot select Direct Consolidation, which is a dedicated posting process. You must enable Enterprise Journals during the application creation. A connection must be created to the target ERP system.

When you create an approval unit hierarchy, the system includes a default FCCS_DefaultGroup. Which two statements are true about this group?. It includes all accounts not included in any other approval group. It is always the last submission phase in the approval unit hierarchy. It is always the first submission phase in the approval unit hierarchy. You can delete it if you are defining your own approval groups.

You want to create a snapshot that can be used to clone an environment to migrate an application from a production instance to a test instance for troubleshooting and additional development work. Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?. You can include Data Management artifacts in the clone. You can include inbox and outbox contents in the clone. The most recent Artifact Snapshot created by daily maintenance is used for the snapshot. You must have both the Service Administrator and Identity Domain Administrator roles to execute the clone.

After all supplemental data approvals are done and the workflow option is Post, which Supplemental Data workflow role is required to Post to General Ledger in Financial Consolidation and Close?. Preparer. Approver. Integrator. Administrator.

When setting up data integrations, you can set options for data loads on the Target Option tab of the Application Details dialog box. Which two options are available for Financial Consolidation and Close applications?. Create Drill Region: Specifies whether users can drill from cells in forms to source data. Load Type: Identifies whether you are loading regular data or journals. Staging Table Mode: Specifies how to load data to staging tables for Workbench. Enable Minus Loading: Specifies whether to allow negative values to be loaded.

When using Data Integration to extract data to a target Cloud EPM application, you establish the mapping relationship by defining a period mapping between the source system periods and the target Cloud EPM application periods. When creating a Global Mapping, which target period is not an available option?. Quarter. Month. Week. Year.

You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?. The task will not run. It results in an error, because you cannot add a new task past the due date. The schedule end date changes to match the end date of the task. The new task will run outside of the schedule end date.

You need to create a journal that allows you to enter line item values in a single currency for all entries in the journal, even if the application has multiple currencies enabled. Which action would you perform?. Click the Currency dimension in the Journal Point of View and select a currency. Enable the Currency dimension in the journal line items, and select the same currency for all line items. Create a member in the Data Source dimension with Journal for Specific Currency and assign a currency, and then select it. Create a Journals group, select a currency for the group, and then add the journal to the group.

You want to create a journal template to post adjustments that have common information such as vendor or account. Which two statements are true about recurring journal templates?. Recurring templates contain complete information for identical journal entries needed for more than one period. A user with only the Viewer role can perform all actions for recurring journal templates. You must have the System Administrator role to create and manage journal entry templates. Recurring journals are automatically created with a Working status when the period is opened.

You want to use Equity Pickup as a method of re-evaluating the investments owned by a holding company, allowing the parent to realize changes in equity. Which statement is FALSE about the Equity Pickup feature?. Equity Pickup rules run as part of the consolidation process. Equity Pickup requires Ownership Management with the Equity Pickup feature to be enabled. Equity Pickup rules are run on demand from the Rules card by users with launch permission. Seeded rule sets are provided for Equity Pickup.

You can use Groovy script to add custom rules to your application, either to the consolidation process or as on-demand rules. Which two statements about Groovy rules are true?. You cannot run EPM Automate commands from Groovy rules. You can include both Groovy rules and calc-script rules in the same rule set. You can create Groovy rules in Calculation Manager. You cannot schedule Groovy rules to run in the Job scheduler.

As an administrator, you have defined an approval unit hierarchy and started the approval process. After two passes is started, one is complete. The approval unit has the status Under Review. Who can modify data for the approval unit?. The current owner. The current owner, Service Administrator, or Power User. Any user with Write access to the dimension members in the approval unit. Only the administrator. The current owner or Service Administrator.

You want to export data to analyze the values in Excel or import the file into another environment. Which delimiter options are available for Financial Consolidation and Close export files?. Comma, Tab, and Fixed Width. Fixed Width, Comma, and User-defined. Tab, Comma, and User-defined. User-defined, Fixed Width, and Comma.

Ownership Management consists of managing global consolidation settings and applying those settings to each entity hierarchy on a scenario-by-scenario, year-by-year, and period-by-period basis. Which two can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled?. Consolidation Percentage. Ownership Percentage. Minority Interest Percentage. Control.

As an administrator, you want to define security for dimensions. Which two statements are true about enabling security for dimensions?. The default dimension security access for all users is Read. You can disable security for any dimension, but security is mandatory for at least one dimension. Security is enabled by default for most dimensions, including Account, Entity, Data Source, and Movement. You cannot assign data security at the parent level for all descendants; you must assign security to each dimension member independently.

You want to use Access Control to assign a consolidation journal application role to a user to allow the user to create, modify, and delete consolidation journals. Which application role do you assign?. Consolidation Journals – Delete. Consolidation Journals – Create. Consolidation Journals – Manage. Consolidation Journals – Modify.

You want to set up valid intersections to define rules, which act as filters when users enter data or select runtime prompts. Which two statements are true regarding shared members and valid intersection rules?. Shared members are not supported in valid intersection rules. If a shared member is selected for a valid intersection rule, then the base member is not included in the rule. If a base member is included in a valid intersection rule, then any shared member is included in the rule. Shared members are supported in valid intersection rules.

You want to approve your data using approval groups. Which statement best describes an approval group?. The users authorized to approve a task in Task Manager. A phased approval process with approval units that submit a portion of an entity’s data for review. The entities included in an approval unit. A group of users authorized to approve data for an entity.

When you create an FCC business process, the system creates the Currency dimension. However, it is only displayed if the application is a Multi-Currency application. Which four members are included in the Currency dimension?. Input Currencies, Journal Currency, Entity Currency, and Parent Currency. Input Currencies, Default Currency, Entity Currency, and Parent Currency. Default Currency, Entity Currency, Parent Currency, and Journal Input Currencies. Reporting Currencies, Input Currencies, Entity Currency, and Parent Currency.

You want to configure the Audit Information feature to view the tasks performed by users. For which task group is Audit enabled by default?. Journals. No task categories. Data only. All task categories.

Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups. What will be users’ default access to members in the Account dimension?. Write. None. Comment. Read.