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

• A. A fully automated consolidation tool that combines financial data across many ledgers and consolidates to a corporate or business unit level
• B. Automatic posting of eliminating entries, accrual entries, and allocations
• C. Automated collection, mapping, verification, and movement of data
• D. Analysis capabilities throughout close over the Web and in Excel
• E. Automated intercompany processing

What four steps are required to configure an FDM application with an FM application? (Choose four.)

• A. Define the FM server name in machine profiles' properties.
• B. Map locations to an entity using the FDM workbench under Integration Settings.
• C. Dimension names between FDM and FM are set in the FDM workbench or the Web client under metadata/dimensions.
• D. Define the FM application name in Integration Settings in FDM.
• E. Define the FDM Web server name under Integration Settings in the FDM workbench.

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

• A. Value dimension contains Periodic, year-to-date, quarter-to-date, and any custom members added by the administrator.
• B. Scenario dimension contains members such as CYActual, CYBudget, and PYActual.
• C. Value dimension contains Entity Currency, Entity Curr Adj, Entity Curr Total, Parent Currency, and any currency members added by the administrator.
• D. The preferred method to add detail to accounts is to build subaccounts into the Accounts dimension.
• E. The Intercompany Partner dimension is managed by FM based on settings in the Entity dimension.

Identify the statement that applies to parent accounts.

• A. Parent accounts inherit the properties of their children.
• B. The number of children under a parent account has no performance impact.
• C. A parent account is limited to 3 children or less.
• D. Parent accounts should have more than one child account but it is not required.
• E. Parent accounts can have a single child only if the currency is changing.

Identify the three true statements about Financial Reporting. (Choose three.)

• A. Financial Reporting document types include reports, books, snapshots, and snapshot books.
• B. You can create a single P&L report and run that report for any member in the Entity dimension
• C. Financial Reporting provides ad hoc reporting capabilities for FM applications.
• D. Financial Reporting provides highly formatted, printable reports for FM applications.