PQR Company has the ownership structure shown above. If H_1 lends money to P_2, the intercompany elimination of H_1’s receivable occurs as data from Hickory consolidates into PQR. What is this principle called? A. First common parent B. Generation 0…

When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made? A. Any number of months can be selected B. 12-month only C. 12-month and 13-month D. 12-month, 13-month and a 14-month

Which two data extract export file types are available within Financial Consolidation and Close (FCCS)? (Choose two.) A. DAT file type B. Excel XLS file type C. Comma delimited D. Tab delimited

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? A. The new task will run outside of the schedule…

If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs? A. The alias of the associated Intercompany member is automatically updated. B. The associated Intercompany member must be manually removed. C. The associated Intercompany…

What are two important first steps in initially setting up Close Manager? (Choose two.) A. Create a schedule and set it to Open status. B. Set up Users. C. Assign tasks to users. D. Define system settings such as Organization…

To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection? A. Intercompany Accounts B. Intercompany Partners C. Intercompany Plug Accounts D. Elimination Consolidation Dimension member

Changes in the balance of Accounts Payable are captured on a company’s Cash Flow Report. Which two dimension members must be built into the row of the company’s Cash Flow to report the impact of Accounts Payable? (Choose two.) A.…

PQR Company has the ownership structure shown above. If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2’s debit balance? A. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany B. Entity Paducah, Consolidation FCCS_Elimination,…

When setting an account property to a data storage type of …oeDynamic Calc… which two are allowed? A. Member Formulas cannot be created B. load data to this account and make member formulas C. load data to this account D.…