Exam Code: C2021-605 (Practice Exam Latest Test Questions VCE PDF)
Exam Name: IBM Cognos 10 Controller Developer
Certification Provider: IBM
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2021 May C2021-605 Study Guide Questions:
Q51. What happens when a main account type code is changed into a statistical account type code?
A. The account will no longer be included in the standard reports.
B. The account will be bypassed for balance control at data entry.
C. The change is not permitted; Controller will show an error message and change will not be saved.
D. An error message will show in the Verify Structures - Check Account Structures Report.
Answer: B
Q52. Before movement accounts can be generated, where must the administrator enable the system for movement accounts prior to their creation?
A. Define Closing Versions/Journal window
B. General Configuration dialog box, Reconcile 2 tab
C. General Configuration dialog box, General 2 tab
D. Shareholdings and Investments window
Answer: C
Q53. Which of the following tools could be used to load data into the Controller staging tables?
A. IBM Controller Import Specification wizard
B. IBM Cognos Data Manager
C. IBM Cognos Configuration
D. IBM Cognos Controller Excel Link
Answer: B
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Q54. An administrator has created a non-integrated movement account to track the closing balance of machinery and equipment. What must the administrator specify for both the base account and the movement account to ensure that the data is entered correctly?
A. Reconciliation code
B. Conversion code
C. Intercompany code
D. Investments code
Answer: A
Q55. 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
Q56. Company ABC uses the temporal method of currency conversion, whereby gains/losses on translation are posted directly to the income statement. Which of the following shows a correct setting for the currency conversion difference in the general configuration? (Account 2085 = Translation Difference)
A. Option A
B. Option B
C. Option C
D. Option D
Answer: C
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Q57. 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
Q58. 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
Q59. 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 entered as rates, while historical rates are entered as fixed values in the local and translated currency.
C. Currency rates are actuality- and period-specific, while historical rates are account-specific.
D. Currency rates are multiplied by the conversion code, while the conversion code is ignored with historical rates.
Answer: B
Q60. An administrator wants end users to be able to carry out currency simu-lations. For example, a user may want to see how actual results would compare to budgeted results if the effects of currency rates were eliminated. What type of actuality must the administrator use for this purpose?
A. Yearly
B. Forecast PL (PL) predefined actuality
C. Linked
D. Forecast 1 (F1) predefined actuality
Answer: C