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Q41. Currency conversion should be performed after which activity? 

A. Automatic journals have been configured. 

B. Period data has been entered and adjusted using journal entries. 

C. Intercompany transactions have been reconciled. 

D. Shareholdings and investments data has been entered. 

Answer: B 


Q42. When creating an intercompany form, which of the following dimensions must be added to the rows? 

A. Actuality 

B. Company 

C. Journal Type 

D. Account 

Answer: D 


Q43. 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 


Q44. 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 


Q45. In the Controller system, the period values that were entered for a company roll up to several group currencies. How should the historical rates for these group currencies be entered? 

A. In the local currency of the lowest level group. 

B. In local and group currency for the highest level group. 

C. In the local and group currency for each group. 

D. In the group currency that is relevant to each transaction at the highest group. 

Answer: C 


Q46. Which of the following best explains the difference between the currency conversion difference account1and conversion difference account2? 

A. Conversion difference account1 is used for Method 1 currency conversion and account2 is used for Method 2 

B. Conversion difference account1 is used if the BS/PL reserve account is non-integrated; account2 is used if the BS/PL account is integrated. 

C. Conversion difference account1 is used to book positive currency conversion; account2 is used to book negative currency conversion. 

D. Conversion difference account1 is often the unrestricted reserves account and account2 the restricted reserve account. 

Answer: C 


Q47. Data access for the Sales office in China needs to be limited to only the products (extended dimension 1) that the office distributes. What is the most appropriate way to customize the data entry view for this location? 

A. Create a security group to limit the products available for use. 

B. Create a linked structure and limit the products available for use. 

C. Create a linked structure to limit the data entry forms available for use. 

D. Not possible to do this in Controller. 

Answer: B 


Q48. The controller has legal data with no extended dimensions and needs to lock these values once reconciled. They also have detailed extended dimensions management data that should reconcile to the legal data, but kept separate from the legal data. How can the Controller achieve this? 

A. Create separate companies 

B. Create separate consolidation types 

C. Create linked actualities 

D. Create two submissions 

Answer: D 


Q49. 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 


Q50. Which of the following reports can be included in a report book? 

A. Excel Link reports 

B. Report Generator reports 

C. Ad hoc reports based on input forms 

D. Pre-defined standard reports 

Answer: B