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Total 91 questions
An administrator is creating astandard data entry form for end users. On which tab must the administrator specify the type of information that will be shown on the rows and columns of the form?
- A. Axes tab
- B. Reorder tab
- C. Process Layouts tab
- D. Lock tab
Answer : A
When creating a company, the administrator selects a consolidation type. What does the consolidation type allow the administrator to do?
- A. Use the same company in different structures
- B. Specify local currency for a subsidiary
- C. Create accounts
- D. Create extended dimensions
Answer : A
End users need to enter data related to intercompany transactions into the Controller system. What must the administrator set up to enable users to enter this data?
- A. Accounts with defined intercompany codes and transaction currencies
- B. Counter company information and extended dimensions
- C. Accounts with defined intercompany codes and include the accounts on a form
- D. Counter companyinformation and transaction currencies
Answer : C
What is the impact of activating "Use Online Matching" in intercompany control tables?
- A. It allows the use of the Reconcile Intercompany Balances report at the group level to view intercompany balances
- B. It allows for additional options when using the Ledger Report so that the administrator can view the whole group.
- C. It allows the end user to see counterpart information when entering data via Data Entry- Reported values.
- D. It allows the end user to view multiple counterparties when viewing the Trial Balance with Drilldown report.
Answer : C
How is data entered into company journals in Controller?
- A. Enter journals as detailed entries in the Company Journals windowor as drill down details in the Reported Values window.
- B. Enter journals as detailed entries in the Company Journals window or as summation values per account type in the Reported Values window.
- C. Enter journals as detailed entries in the Company Journals window or as adjustment columns in the data entry form.
- D. Enter journals as detailed entries in the Company Journals window or upload the entries in the Reported Values window.
Answer : C
What report can the administrator run to ensure that investments have eliminated correctly?
- A. The Verify Structures report to the group
- B. The report to view the summation accounts
- C. The report to view the integrated accounts
- D. The Reconcile Investments report for the group
Answer : D
What is the difference between locking the period for data entry only and locking the period entirely?
- A. Locking the period entirely does not allow consolidation or the booking of group journals whereas locking the period for data entry only does.
- B. Locking the period for data entry only does not override security group restrictions whereas locking the period entirely does.
- C. Locking the period entirely allows consolidation by steps to be run whereas locking the period for data entry does not allow it to be run.
- D. Locking the period for data entry only does not allow the consolidation with status to be run whereas locking the period entirely does.
Answer : A
In the process of eliminating acquisition values from the Controller system, an administrator has created an acquisition control table. What must the administrator define in the lower half of the control table?
- A. The from and toaccounts, and the sign convention to use.
- B. The from and to accounts, and the offset account.
- C. The from and to accounts, and the data entry form to use.
- D. The from and to accounts, and whether values should be eliminated or copied.
Answer : A
In Controller's General Configuration, an administrator can specify that reconciliation is to be performed by journal type on what other basis can reconciliation be performed?
- A. by form structure
- B. by closing version
- C. by structure version
- D. by company structure
Answer : B
What is the difference between currency conversion codes I and C?
- A. Code I uses no currency conversion for the opening balance; code C copies prior year's average rate.
- B. Code C copies prior year's average rate for opening balance; code I calculates prior year's closing rate
- C. Code I calculates opening balance rate, code C copies the opening balance amount.
- D. Code C copies prior year's average rate; code I uses prior year's closing rate for opening balance.
Answer : C
Explanation:
QUESTIONNO: 5 -
An administrator wants to create movement accounts to track changes between the opening and closing balances of account 1200 (Machinery and Equipment). What must the administrator attach to account 1200 in order to generate these movement accounts?
A. Base extensions -
B. Group journals -
C. Movement extensions -
D. Movement journals -
Answer: C -
Company ABC has a 20 line year-end journal entry in journal 101. Several other entities would like to use these journal entries for their new fiscal year. However, all of the entities already have ajournal 101. How can the administrator use the journal entries in journal 101 for ABC without overwriting the other entities' own journals?
- A. Copy journal 101 into an automatic journal for other entities
- B. Copy journal 101 into a new journal type for other entities, and include year ending rules
- C. Manually enter the journal entries into a new journal type on company ABC, and copy the journal type to the other entities
- D. Manually enter a new journal entry in the other entities' existing journal type.
Answer : D
Which of the following correctly describes the process of creating a form formovement accounts?
- A. Define a matrix form with base accounts in columns and generated movement extensions in rows.
- B. Define a intercompany form with base accounts in rows and generated movement extensions in columns.
- C. Define a standard form with baseaccount in column and generated movement extensions in rows.
- D. Define a text form with base accounts in rows and generated movement extensions in columns.
Answer : C
Company BAG uses the Method 1 currency conversion. Which of the codes shown below should be assigned to the following accounts: Patents, Work in Process Inventory, Raw
Materials Costs, Advertising and Promotions, and Common Stocks Equity?
- A. Patents - B; Work in Process Inventory- B; Raw Materials Costs - D; Advertising and Promotions - D; Common Stocks Equity-E
- B. Patents -D; Work in Process Inventory- D; Raw Materials Costs-B; Advertising and Promotions -B; Common Stocks Equity-E
- C. Patents -D; Work in Process Inventory -D; Raw Materials Costs-B, Advertising and Promotions -B;Common Stocks Equity-N
- D. Patents - B; Work in Process Inventory- B; Raw Materials Costs - B; Advertising and Promotions - D; Common Stocks Equity-N
Answer : A
Company ABC has a journal type GAAP accrual that exists on their books for consolidation purposes. However, this accrual should not be included in the final consolidation. Several other companies also have journal type GAAP entries that need to be excluded from the final consolidation. How should this be done?
- A. Create GAAP journals in a journal type that can be excluded from the closing version used for the final consolidation
- B. Create a fictitious company in the samegroup as company ABC, and then copy company ABC's journals to it with reversing signs
- C. Copy all other company GAAP journal types into a new journal type, and then exclude existing non-GAAP journal types from the closing version
- D. Create a fictitious company in the same group as company ABC, and then copy company ABC's journals to a single group journal
Answer : A
Company A has a reconciliation difference in Sales (income account) of -1,000. and a Cost of Sales (cost account) of 1,001. The general configuration indicates that the status will be updated based on Total Difference.The largest difference that will be accepted for reconciliation is 1,000. What is the status for Company A?
- A. Reconciled, because the net Active/Passive difference is 0
- B. Processing, because Cost of Sales exceeds the largest acceptable difference
- C. Reconciled, because the total difference between Sales and Cost of Sales is 101
- D. Processing, because Active/Passive difference must always be zero
Answer : D
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