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NEW QUESTION 40
A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)

A. The subsidiary must have a balance not equal to zero in Common Stock.B. Common Stock must have an Exchange Rate Type set to Historical Rate Override.C. The subsidiary must have a parent entity with a GBP currency.D. USD must be created as a reporting currency.E. Common Stock must have a Data Storage property set to Never Share.

Answer: A,C

 

NEW QUESTION 41
What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

A. Dynamic Calc and StoreB. Never ShareC. StoreD. DynamicE. No Rate

Answer: C

 

NEW QUESTION 42
For which
scenario would an On-Demand rule be an appropriate solution?

A. to perform a custom currency translation for a subset of accountsB. to allocate data to base entities prior to consolidationC. to copy data from one scenario to a different scenarioD. to add a column with a calculation to a report

Answer: C

Explanation:
Copy data from one scenario to another one.

 

NEW QUESTION 43
Which statement correctly describes what happens to parent entities during consolidation?

A. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.B. The changes in the relational database are synced to the underlying Essbase cube.C. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.D. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.

Answer: C

 

NEW QUESTION 44
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