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NEW QUESTION 32
Which statement
is FALSE when Intercompany Data is enabled?

A. Tracking intercompany eliminations is optional.B. The Intercompany Entity attribute for an Entity must be set to Yes to store intercompany data.C. Intercompany accounts are assigned plug accounts.D. In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.

Answer: D

Explanation:
Elimination data applies to all children, including children with a different Domicile than the Parent, a blended rate is entered at the Parent Entity's domicile. If you want to disable the elimination global rules, do not enter rates at the Parent entity.
Reference:
admin_tax_automation_intercompany_eliminations_100x084ae29f.html

 

NEW QUESTION 33
Which two statements are true regarding the Copy Data function?

A. You can select which Consolidation dimension member to copy.B. You can copy data for historical rate and amount overrides.C. When you select the Regular Data option, journals data is included.D. You cannot select which Account members to copy.

Answer: B,C

Explanation:
You can copy these types of data:
Regular Data (including journals)
Override Data - rates and amounts entered on the Override Rates form for historical rate override accounts

 

NEW QUESTION 34
When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?

A. The FCCS_No Intercompany member of the ICP dimension will be used for all data.B. An extra custom dimension will be available.C. Data can be stored by intercompany partner but no eliminations will occur.D. The ICP dimension will be omitted.

Answer: D

 

NEW QUESTION 35
Audit is enabled by default for which task categories?

A. No task categoriesB. Data onlyC. All task categoriesD. Metadata Administration and Security

Answer: B

 

NEW QUESTION 36
Which statement is true regarding Data Management categories?

A. Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.B. Application mapping is not required if the global mapping target category is exactly correct.C. The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.D. Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab

Answer: A

 

NEW QUESTION 37
......


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