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Exam contains 61 questions

Page 6 of 11

Question 31 🔥

Identify the four processes through which Financial Management supports a virtual close.

Which database solution meets these requirements?

A. A fully automated consolidation tool that combines financial data across many ledgers and consolidates to a corporate or business unit level

Highly voted

B. Automatic posting of eliminating entries, accrual entries, and allocations

Highly voted

C. Automated collection, mapping, verification, and movement of data

Highly voted

D. Automated intercompany processing

Highly voted

E. Analysis capabilities throughout close over the Web and in Excel

Highly voted

Discussion of the question

Question 32 🔥

Identify the three true statements about accounts and account types.

Which database solution meets these requirements?

A. Financial Management provides predefined account types such as Asset, Revenue, Flow, Balance, and Dynamic.

Highly voted

B. Account types tell FM how the child account should aggregate to the parent.

Highly voted

C. Account types tell FM how the account balances should accumulate over time.

Highly voted

D. Base level accounts do not automatically roll up to parents; business rules are required.

Highly voted

E. Children cannot inherit the account type of their parent unless specifically defined by the administrator.

Highly voted

Discussion of the question

Question 33 🔥

You are designing the dimensionality for your Financial Management application. Identify the two true statements about dimensionality in FM.

Which database solution meets these requirements?

A. Scenario dimension contains members such as CYActual, CYBudget, and PYActual.

Highly voted

B. Value dimension contains Periodic, year-to-date, quarter-to-date, and any custom members added by the administrator.

Highly voted

C. Value dimension contains Entity Currency, Entity Curr Adj, Entity Curr Total, Parent Currency, and any currency members added by the administrator.

Highly voted

D. The preferred method to add detail to accounts is to build subaccounts into the Accounts dimension.

Highly voted

E. The Intercompany Partner dimension is managed by FM based on settings in the Entity dimension.

Highly voted

Discussion of the question

Question 34 🔥

A Classic FM application profile contains which three components?

Which database solution meets these requirements?

Discussion of the question

Question 35 🔥

Identify the three true statements about Financial Reporting.

Which database solution meets these requirements?

A. Financial Reporting provides highly formatted, printable reports for FM applications.

Highly voted

B. Financial Reporting provides ad hoc reporting capabilities for FM applications.

Highly voted

C. Financial Reporting document types include reports, books, snapshots, and snapshot books.

Highly voted

D. You can create a single P&L report and run that report for any member in the Entity dimension

Highly voted

Discussion of the question

Question 36 🔥

Before you can define an alias for a dimension or member in EPMA, you must

Which database solution meets these requirements?

A. Do nothing; the Alias property is created by default

Highly voted

B. Create an Alias dimension and associate it

Highly voted

C. Create an Alias attribute

Highly voted

D. Create an Alias Property

Highly voted

E. Create an Alias Table

Highly voted

Discussion of the question

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Exam contains 61 questions

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