C_S4FCC_2021 · Question #69
What tasks can be run from the data monitor? Note: There are 2 correct answers to this question.
The correct answer is C. Translate currency D. Eliminate intercompany. From the data monitor, you can run tasks such as Translate currency to convert financial data into the group currency and Eliminate intercompany to remove intercompany transactions during the consolidation process. According to the document, some of the tasks that can be run…
Question
What tasks can be run from the data monitor? Note: There are 2 correct answers to this question.
Options
- ACalculate net income
- BPrepare for consolidation group change
- CTranslate currency
- DEliminate intercompany
How the community answered
(23 responses)- A4% (1)
- B4% (1)
- C91% (21)
Explanation
From the data monitor, you can run tasks such as Translate currency to convert financial data into the group currency and Eliminate intercompany to remove intercompany transactions during the consolidation process. According to the document, some of the tasks that can be run from the Data Monitor are: Translate currency: This task translates the reported data of consolidation units into group currency using the exchange rates maintained in the system. Eliminate intercompany: This task eliminates the intercompany transactions and balances between consolidation units using the reclassification methods defined in the system.
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