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2021 May C2021-605 Study Guide Questions:
Q21. In the report below, assuming the closing rate (B) is .900 and the average rate of balance?
A. Accounts that display currency conversion use the closing rate (B) rate instead of the average rate (M) rate.
B. Accounts that display currency conversion display local currency values instead of converted amounts.
C. General configuration settings for accounts that display currency conversion are empty, and therefore the remaining balance cannot be posted.
D. General configuration settings for Currency Translation Adjustment use the incorrect account, and therefore the remaining balance cannot be posted.
Answer: C
Q22. An administrator wants to create an integrated movement account to track the purchase of machinery and equipment. Which of the following is a valid account type for this movement account?
A. L-Liabilities
B. R-Statistical account debit balance sheet account
C. A-Assets
D. U-Statistical account credit profit and loss account
Answer: C
Q23. Which of the following can be done using the Excel link?
A. Input currency rates into Controller
B. Input intercompany profit control tables into Controller
C. Input shareholdings and investment details into Controller
D. Input reported values into Controller
Answer: D
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Q24. How is data entered into company journals in Controller?
A. Enter journals as detailed entries in the Company Journals window or 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
Q25. Which of the following correctly describes the process of creating a form for movement 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 base account 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
Q26. When using a non-manual consolidation type, when would the administrator update the consolidation structure?
A. When importing investments for a parent company
B. When changing the company structure
C. When adding an account
D. When entering period data
Answer: B
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Q27. A Controller administrator can enter which of the following combinations of currency rates for a given period and actuality?
A. Opening Period Rate, Average Period Rate, Closing Rate
B. Opening Period Rate, Current Period Rate, Closing Rate
C. Average Year Rate, Average Period Rate, Closing Rate
D. Average Quarterly Rate, Current Rate, Historical Rates
Answer: C
Q28. How can intercompany balances between all companies be viewed?
A. Run the Reconcile Intercompany Balances Report
B. Run the Ledger Report for the group company
C. Run Reconcile Opening Balances on the group
D. Run the Trial Balance withDrilldownReport
Answer: A
Q29. The administrator is consolidating for the first time and sees that consolidation can be run either with status or by steps. What is a difference between consolidating by steps and consolidating with status?
A. Consolidating with status performs currency conversion using forms.
B. Consolidating by steps eliminates intercompany balances automatically.
C. Consolidating with status has a reconciliation process and status handling
D. Consolidating by steps performs currency conversion using only code I.
Answer: C
Q30. A Controller 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