C2020-605 Exam - Free IBM Questions and Answers

Question #11 (Topic: )

Which currency conversion code is commonly used for P&L accounts and takes the
average year rate from the currency register?

A. Conversion Code D B. Conversion Code Z C. Conversion Code M D. Conversion Code X

Answer: C

Question #12 (Topic: )

AController administrator wants users to be able to enter data regarding investments in
subsidiary companies. These companies are not external to the group company. What
properties must the administrator specify for the relevant accounts?

A. Intercompany code A B. Intercompany code A and investment code I C. Investment code I D. Intercompany code I and investment code I

Answer: B

Question #13 (Topic: )

Which of the following can be done using the Excel link?

A. Input currency rates into Controller B. Input intercompanyprofit control tables into Controller C. Input shareholdings and investment details into Controller D. Input reported values into Controller

Answer: D

Question #14 (Topic: )

An administrator created a company journal. The administrator then added several
transactions to the journal. The accounts in these transactions use currency conversion
code I. By default, if there is no amount for the previous year (no local amount or converted
amount), what rate is used to convert the local amount for the current year?

A. The previous year's closing rate B. The previous year's opening rate C. The previous year's average rate D. The previous year's data is not used

Answer: A

Question #15 (Topic: )

What is the purpose of the offset account in control tables?

A. It reconciles currency conversion differences resulting from journals. B. It is where investment and eliminationdetails are inputted. C. It is where differences resulting from automatic journals are booked. D. It allows the user to activate and enable intercompany journals.

Answer: C

IBM C2020-605 - IBM Cognos 10 Controller Developer Exam