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Q31. The administrator is consolidating for the first time and wants to make sure that intercompany eliminations are correct before performing other consolidation processes. How can the administrator do this?
A. Consolidation by Steps for Intercompany Balances
B. Run the Consolidation with Status
C. Run the calculation report created for intercompany balances
D. Run the report Intercompany Accounts for the group
Answer: A
Q32. 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.
Answer: A
Q33. In Controller's General Configuration, an administrator can specify that reconciliation is to be performed by journal type on what other basis can reconciliation be performed?
A. by form structure
B. by closing version
C. by structure version
D. by company structure
Answer: B
Q34. The administrator has generated a group adjustment company (GAC). Which of the following actions will a user be able to perform with the GAC?
A. Eliminate investments using automatic journals
B. Enter reported value adjustments using a data entry form
C. Enter data into group journals
D. Create company journals
Answer: C
Q35. 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
Q36. 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
Answer: C
Q37. 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.
Answer: A
Q38. When creating a company, the administrator selects a consolidation type. What does the consolidation type allow the administrator to do?
A. Use the same company in different structures
B. Specify local currency for a subsidiary
C. Create accounts
D. Create extended dimensions
Answer: A
Q39. How can an administrator validate company structures to ensure that they meet the application's rules?
A. Verify Structures menu
B. Verify Companies menu
C. Company structure log file
D. Consolidation structures log file
Answer: A
Q40. 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
Answer: C