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:
Q41. How can an administrator configure Controller in such a way that intercompany balances will be eliminated automatically?
A. Setup the automatic journal to eliminate intercompany balances and configure control tables for each intercompany pairing.
B. Set up the group journal to eliminate intercompany balances and configure company journals for each intercompany pairing.
C. Run a consolidation by steps and then look at the Reconcile Intercompany Balances report for the group company.
D. Run a consolidation with status and then look at the Reconcile Intercompany Balances report for the group company.
Answer: A
Q42. 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 company information and transaction currencies
Answer: C
Q43. How can currency conversion be verified after running a consolidation?
A. Check the log report that appears after consolidation is run.
B. Execute the calculation report created for currency conversion.
C. Run the Currency Conversion report for the group company.
D. Run the journals across report for the group after consolidation.
Answer: C
Up to the minute C2021-605 test questions:
Q44. Which of the following is true of the Excel Link?
A. Only group journals for periods that have been initiated can be entered.
B. Only reported values for periods that have been initiated can be entered
C. Only intercompany values can be entered.
D. Only shareholdings and investments can be entered.
Answer: B
Q45. After the administrator identifies and activates the automatic journals that will be used, what is the next step in enabling automatic journal entries?
A. Set up a closing version.
B. Setup intercompany accounts.
C. Set up a control table
D. Set up summation accounts.
Answer: C
Q46. A Controller administrator wants to track the changes between opening and closing balances of goodwill. What type of account must the administrator create?
A. Acquisition account
B. Movement account
C. Intercompany account
D. Statistical account
Answer: B
Exact C2021-605 samples:
Q47. 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
Q48. 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 withDrilldownreport.
Answer: C
Q49. 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 same group 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 journaltypes 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
Q50. What is the benefit of creating a security group?
A. It allows users to specify their own security requirements.
B. It allows the administrator to apply similar security to several users.
C. It allows the administrator to setup a firewall for all Controller data.
D. It allows users to create audit reports regarding internal controls.
Answer: B