[Free] 2018(Jan) EnsurePass Testking IBM C2020-605 Dumps with VCE and PDF 41-50

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IBM Cognos 10 Controller Developer

Question No: 41

What do control tables allow the administrator to do?

  1. Define the accounts where the elimination of acquisition values will be booked

  2. Perform currency conversion and book differences to a specified account

  3. Input and specify the details ofinvestments and how they should be eliminated

  4. Choose a predefined automatic journal to be used for acquisition calculations

Answer: A

Question No: 42

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 groupcurrencies be entered?

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

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

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

  4. In the group currency that is relevant to each transaction at thehighest group.

Answer: C

Question No: 43

In the report below, assuming the closing rate (B) is .900 and the average rate of balance?

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  1. Accounts that display currency conversion use the closing rate (B) rate instead of the average rate (M) rate.

  2. Accounts that display currency conversion display local currency values instead of converted amounts.

  3. General configuration settings for accounts that display currency conversion are empty, and therefore the remaining balance cannot be posted.

  4. General configuration settings for Currency Translation Adjustment use the incorrect account, and therefore the remaining balance cannot be posted.

Answer: C

Question No: 44

An administrator wants to create a non-integrated movement account to track the sale ofbuildings. Which of the following is a valid account type for this movement account?

  1. I-Income

  2. R-Statistical account debit balance sheet account

  3. A-Assets

  4. I-Intercompany without Transaction Currency

Answer: B

Question No: 45

What effect does locking at the company level have on the closing version?

  1. It ensures that aconsolidation by steps cannot be run at the group level.

  2. It ensures that journals associated with the closing version cannot be posted.

  3. It ensures that intercompany adjustments cannot be entered in forms.

  4. It ensures that security groups will function properly when consolidating.

Answer: B

Question No: 46

Company ABC uses the temporal method of currency conversion, whereby gains/losses on translation are posted directly to the income statement. Which of the following shows a

correct setting for the currency conversion difference in the general configuration? (Account 2085 = Translation Difference)

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  1. Option A

  2. Option B

  3. Option C

  4. Option D

Answer: C

Question No: 47

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?

  1. Create separate companies

  2. Create separate consolidation types

  3. Create linked actualities

  4. Create two submissions

Answer: D

Question No: 48

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?

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

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

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

  4. Not possible to dothis in Controller.

Answer: B

Question No: 49

Which of the following is a valid combination for a standard form?

  1. Four (4) extended dimensions on rows and periods on columns

  2. Base accounts on rows and actualities on columns

  3. Companies on rows and periods and actualities on columns

  4. Movement extensions on rows and group journals on columns

Answer: C Explanation:

How can intercompany balances between all companies be viewed?

  1. Run the Reconcile Intercompany Balances Report

  2. Run the Ledger Report for the group company

  3. Run Reconcile Opening Balances on the group

  4. Run the Trial Balance with Drilldown Report

Answer: A

Question No: 50

When importing external data files using import specification, which of the following are compulsory fields in the upload file?

  1. Period, Consolidation Type. Company, Submission, Account, Amount

  2. Period, Actuality, Company, Currency, Account, Amount

  3. Period, Actuality, Company, Consolidation Type, Account, Amount

  4. Period, Submission, Company, Currency, Account, Amount

Answer: B

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