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Q11. In order to accurately store the data in the Controller system, an administrator wants to combine each period's reported values with one or more journal types, as necessary. To do this, what must the administrator create?
A. A form set
B. A company type
C. A closing version
D. A control table
Q12. 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.
Q13. The administrator activated the Set Status for Submission to Ready After Reconciliation and the Use Period Locking on Company Level. What is the effect?
A. Submissions and reconciliations are locked and company status is set to ready
B. Company status is set to ready and submissions and reconciliations are started
C. Company status is set to ready and submissions are locked if reconciliations cleared
D. Submission is allowed only once per company when status is set to ready
Q14. Why would a Controller administrator create a form set?
A. To enable end users to enter data for a particular extended dimension
B. To enable end users to enter data for a particular account
C. To enable end users to enter data for a particular submission
D. To enable end users to enter data for a particular company
Q15. 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?
B. Forecast PL (PL) predefined actuality
D. Forecast 1 (F1) predefined actuality
Q16. The administrator has booked an intercompany transaction using a group journal and is trying to see that transaction on each company, but cannot. What is the reason for this?
A. Automatic journals are only displayed in groups
B. Currency conversion was performed on the journal
C. Acquisition calculations were performed on the journal
D. Group journals are only displayed in groups
Q17. What is the importance of defining a start period for acquisition calculations?
A. It is the first step in the process of activating and configuring control tables for acquisition calculations and running reports.
B. It ensures that the system calculates opening balances after the first period correctly since the first period has no opening balances.
C. It allows a user to view acquisition calculations for a company in the Trial Balance with Drilldown report at the group level.
D. It is the first step before executing Automatic Journals - Acquisition Calculations when consolidating by steps.
Q18. What is the benefit of creating user rights?
A. It ensures that users of Controller are given the appropriate security according to their role in the organization.
B. It ensures that users of Controller can modify their own security requirements when necessary.
C. It ensures that all users can approve journals in the organization for the purposes of eliminating intercompany balances.
D. It ensures that all Controller users can upload data into the system using staging tables from other software.
Q19. Which of the following best describes group journals in contrast to company journals?
A. Group journals are not included in intercompany eliminations and values are stored in a group adjustment company.
B. Group journals are included in acquisition calculations and data is stored on each company concerned
C. Group journals handle all group transactions that are eliminated automatically; data is stored in a group adjustment company.
D. Group journals handle only group transactions; data is stored on each company concerned.
Q20. 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