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| Section | Weight | Objectives |
|---|---|---|
| Application Setup and Configuration | 28% | - FCCS architecture and business process setup - Security setup and role assignment - Dimension management and metadata configuration - System settings and validation |
| Close Process and Journal Management | 22% | - Task Manager configuration - Supplemental Data setup - Journal creation, approval and posting - Approval units and workflow |
| Consolidation Process and Logic | 28% | - Consolidation workflow and balance calculation - Ownership management and consolidation methods - Currency translation and exchange rates - Intercompany eliminations and adjustments |
| Data Integration and Reporting | 22% | - Data forms and valid intersections - EPM Automate and application maintenance - Data loading and integration configuration - Financial reporting and dashboards |
Question 1
Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled? (Choose three.)
A. Minority Interest Percentage
B. Control
C. Consolidation Method
D. Ownership Percentage
E. Consolidation Percentage
Question 2
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?
A. Consolidation
B. Financial
C. Intercompany
D. Journal
Question 3
Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?
A. Calculations, dashboards, and reports to provide analysis for cash flow modeling
B. Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
C. Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
D. Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
Question 4
Which statement is true of reporting currencies?
A. All reporting currency members have the suffix Reporting.
B. During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.
C. All input currencies that you add are automatically added as reporting currencies as well.
D. When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.
Question 5
You want to display a single value in a financial dashboard from a single cell in a form.
Which type of chart would you select?
A. Bar
B. Gauge
C. Line
D. Tile
Solutions:
| Question 1 Answer: C,D,E | Question 2 Answer: A | Question 3 Answer: B | Question 4 Answer: D | Question 5 Answer: D |
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