Download IBM Cognos 10 Controller Developer.C2020-605.PassLeader.2018-09-18.56q.vcex

Vendor: IBM
Exam Code: C2020-605
Exam Name: IBM Cognos 10 Controller Developer
Date: Sep 18, 2018
File Size: 401 KB
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Demo Questions

Question 1
The Trial Balance with Drilldown shows a million dollar intercompany difference. Where can the administrator identify this difference?
  1. Run the Intercompany Accounts report for the group
  2. Run the calculation report for intercompany balances
  3. Run the Reconcile Intercompany Balances report for the group
  4. Run the Ledger Report for the intercompany profit account
Correct answer: C
Question 2
What happens when a main account type code is changed into a statistical account type code?
  1. The account will no longer be included in the standard reports.
  2. The account will be bypassed for balance control at data entry.
  3. The change is not permitted; Controller will show an error message and change will not be saved.
  4. An error message will show in the Verify Structures - Check Account Structures Report.
Correct answer: B
Question 3
How can an administrator configure Controller in such a way that intercompany balances will be eliminated automatically?
  1. Setup the automatic journal to eliminate intercompany balances and configure control tables for each intercompany pairing.
  2. Set up the group journal to eliminate intercompany balances and configure company journals for each intercompany pairing.
  3. Run a consolidation by steps and then look at the Reconcile Intercompany Balances report for the group company.
  4. Run a consolidation with status and then look at the Reconcile Intercompany Balances report for the group company.
Correct answer: A
Question 4
Which of the following is true of the Excel Link?
  1. Only group journals for periods that have been initiated can be entered.
  2. Only reported values for periods that have been initiated can be entered
  3. Only intercompany values can be entered.
  4. Only shareholdings and investments can be entered.
Correct answer: B
Question 5
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?
  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 the highest group.
Correct answer: C
Question 6
Which of the following best explains the difference between the currency conversion difference account1and conversion difference account2?
  1. Conversion difference account1 is used for Method 1 currency conversion and account2 is used for Method 2
  2. Conversion difference account1 is used if the BS/PL reserve account is non-integrated; account2 is used if the BS/PL account is integrated.
  3. Conversion difference account1 is used to book positive currency conversion; account2 is used to book negative currency conversion.
  4. Conversion difference account1 is often the unrestricted reserves account and account2 the restricted reserve account.
Correct answer: C
Question 7
What are the implementation steps required to convert currency?
  1. Plan the application, set up the application, verify the results, and consolidate the period data.
  2. Define conversion rules, enter currency rates, select the currency conversion method, convert foreign currency, run reports.
  3. Define and activate country codes, select the currency conversion method, convert foreign currency, run reports, build forms.
  4. Define and activate currency codes, define conversion rules, configure company structures, enter currency rates, run currency conversion/consolidation with status.
Correct answer: D
Question 8
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?
  1. Consolidating with status performs currency conversion using forms.
  2. Consolidating by steps eliminates intercompany balances automatically.
  3. Consolidating with status has a reconciliation process and status handling
  4. Consolidating by steps performs currency conversion using only code I.
Correct answer: C
Question 9
What is the difference between locking the period for data entry only and locking the period entirely?
  1. Locking the period entirely does not allow consolidation or the booking of group journals whereas locking the period for data entry only does.
  2. Locking the period for data entry only does not override security group restrictions whereas locking the period entirely does.
  3. Locking the period entirely allows consolidation by steps to be run whereas locking the period for data entry does not allow it to be run.
  4. Locking the period for data entry only does not allow the consolidation with status to be run whereas locking the period entirely does.
Correct answer: A
Question 10
In the process of eliminating acquisition values from the Controller system, an administrator has created an acquisition control table. What must the administrator define in the lower half of the control table?
  1. The from and to accounts, and the sign convention to use.
  2. The from and to accounts, and the offset account.
  3. The from and to accounts, and the data entry form to use.
  4. The from and to accounts, and whether values should be eliminated or copied.
Correct answer: A
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