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Q11. 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
Q12. 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
Q13. 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
Q14. How is data entered into company journals in Controller?
A. Enter journals as detailed entries in the Company Journals window or as drill down details in the Reported Values window.
B. Enter journals as detailed entries in the Company Journals window or as summation values per account type in the Reported Values window.
C. Enter journals as detailed entries in the Company Journals window or as adjustment columns in the data entry form.
D. Enter journals as detailed entries in the Company Journals window or upload the entries in the Reported Values window.
Answer: C
Q15. Currency conversion codes E and F in Controller both use the historical rates taken from the historical currency register or referenced from a specific account. How do they differ?
A. In conversion code E. if there is no amount in the register, the account is converted at the average rate; in F, the account is converted at the closing rate
B. In conversion code E. if there is no amount in the register, the account is converted at the closing rate; in F, the account is converted at the average rate
C. In conversion code E, if there is no amount in the register, the account is converted at the closing rate; in F, the conversion uses the same rate as opening balance
D. In conversion code E. if there is no amount in the register, the account is converted at the period rate; in F, the conversion is calculated on a summation account
Answer: B
Q16. Why is the offset account for certain investment elimination control tables the same?
A. So that investment and intercompany eliminations are able to perform the same calculations
B. So that automatic journals make a zero sum in the offset account in the consolidated group
C. So that currency conversion is easily performed and reconciled in the consolidated group
D. So that when the administrator copies opening balances to another period, the administrator can reconcile and differences
Answer: B
Q17. An administrator wants to enhance data analysis by adding extended dimensions to the Controller application (for example, to represent the products that the company sells). What is the maximum number of levels for extended dimensions that the administrator can add to the system?
A. 5
B. 4
C. 6
D. 3
Answer: C
Q18. In the diagrams below, a journal entry for Cash (account B100000, an asset account in the balance sheet) and External Reserves (account R100_000, a cost account in the income statement) is recorded in the amount of 100. The balance sheet in the Journals Across report does not balance anymore because Total Assets (account B450000) has a value of 1200 and Total Liabilities and Equity (account B750000) has a value of 1100. What caused the difference between the Total Assets and Total Liabilities and Equity accounts?
A. The company journal type, US GAAP, should credit account B711000 for 100.
B. Balance Sheet for Net Income in the general configuration should be B711000.
C. In the general configuration, no value has been specified in the Other Difference for Automatic Journals field
D. Net Income (Non-integrated) in the general configuration should be B711000.
Answer: B
Q19. In addition to using automatic journals, what is the other way in which intercompany journals can be eliminated?
A. Run the Reconcile Opening Balances function after consolidation.
B. Activate counter dimensions in the account structure.
C. Eliminate balances manually using company and group journals.
D. Generate a group adjustment company in the company structure.
Answer: C
Q20. How can intercompany balances between all companies be viewed?
A. Run the Reconcile Intercompany Balances Report
B. Run the Ledger Report for the group company
C. Run Reconcile Opening Balances on the group
D. Run the Trial Balance withDrilldownReport
Answer: A