IBM Cognos 10 Controller Developer - C2020-605 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

What happens when a main account type code is changed into a statistical account type code?

A. The account will be bypassed for balance control at data entry. B. The account will no longer be included in the standard reports. C. The change is not permitted; Controller will show an error message andchange will not be saved. D. An error message will show in the Verify Structures - Check Account Structures Report.

Discussion 0

Correct Answer: A Vote an answer

Question 2

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

Discussion 0

Correct Answer: D Vote an answer

Question 3

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

Discussion 0

Correct Answer: A Vote an answer

Question 4

What effect does locking at the company level have on the closing version?

A. It ensures that security groups will function properly when consolidating. B. It ensures that intercompany adjustments cannot be entered in forms. C. It ensures that aconsolidation by steps cannot be run at the group level. D. It ensures that journals associated with the closing version cannot be posted.

Discussion 0

Correct Answer: D Vote an answer

Question 5

What is the purpose of submissions in Controller?

A. Permit different versionsof the same data to be stored in Controller for the same period and actuality. B. Allow different journal types to be loaded at different reporting occasions. C. Permit different accounts/forms to be populated at different reporting occasions. D. Exist solely for splitting the submission of actual, budget, and forecast data.

Discussion 0

Correct Answer: C Vote an answer

Question 6

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. Movement extensions B. Base extensions C. Group journals D. Movement journals

Discussion 0

Correct Answer: A Vote an answer

Question 7

End users want to enter data into the Controller system through dataentry forms. The administrator wants to create a form for these users, and wants to be able to include any combination of actualities, periods, accounts, and dimensions on the rows and columns.
What type of form must the administrator create?

A. Standard B. Text C. Matrix D. Free

Discussion 0

Correct Answer: D Vote an answer

Question 8

What is the difference between entering historical rates and entering currency rates?

A. Currency rates are entered for active currency codes, while historical rates can be entered for any currency codes. B. Currency rates are multiplied by theconversion code, while the conversion code is ignored with historical rates. C. Currency rates are entered as rates, while historical rates are entered as fixed values in the local and translated currency. D. Currency rates are actuality- and period-specific, while historical rates are account- specific.

Discussion 0

Correct Answer: C Vote an answer

Question 9

What is the benefit of creating user rights?

A. It ensures that all users can approve journals in the organization for the purposes of eliminating intercompany balances. B. It ensures that all Controller users can upload data into the system using staging tables from other software. C. It ensures that users of Controller are given theappropriate security according to their role in the organization. D. It ensures that users of Controller can modify their own security requirements when necessary.

Discussion 0

Correct Answer: C Vote an answer

Question 10

In the Controller system, the period values that were entered for a company roll up to several group currencies. How should the historical rates for these groupcurrencies be entered?

A. In the local currency of the lowest level group. B. In the group currency that is relevant to each transaction at thehighest group. C. In local and group currency for the highest level group. D. In the local and group currency for each group.

Discussion 0

Correct Answer: D Vote an answer