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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Data Integration and Reporting | 22% | - Financial reporting and dashboards - EPM Automate and application maintenance - Data forms and valid intersections - Data loading and integration configuration |
| Topic 2: Close Process and Journal Management | 22% | - Journal creation, approval and posting - Task Manager configuration - Approval units and workflow - Supplemental Data setup |
| Topic 3: Application Setup and Configuration | 28% | - System settings and validation - FCCS architecture and business process setup - Dimension management and metadata configuration - Security setup and role assignment |
| Topic 4: Consolidation Process and Logic | 28% | - Intercompany eliminations and adjustments - Currency translation and exchange rates - Consolidation workflow and balance calculation - Ownership management and consolidation methods |
1. Which statement correctly describes what happens to parent entities during consolidation?
A) The changes in the relational database are synced to the underlying Essbase cube.
B) For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.
C) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
D) Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities
2. When do you enable submission phases for your approval process?
A) When you start the approval process for an approval unit on the Manage Approvals page
B) When you set the member properties for the entity
C) When you set up the approval unit hierarchy
D) When you assign the approval unit hierarchy to a scenario, period, and year
3. For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?
A) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
B) Delete the default Approval Unit hierarchy.
C) Select users with the Service Administrator security role.
D) Select the Consolidation template when setting up the Approval Unit hierarchy.
4. What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?
A) FCCS Contribution
B) FCCS Entity Consolidation
C) FCCS Entity Total
D) FCCS Totallnput And Adisuted
5. To which Financial Consolidation and Close dimension(s) do you map Data Management periods?
A) Period and Year
B) Period, Year, and View
C) Period
D) View
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: B |
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