IBM Cognos 10 Controller Developer (C2020-605) Free Practice Test

Question 1

An administrator is setting up an account structure for a Controller application.
The administrator is going to reconcile the values in account 8999 (Profit and Loss for the Year) against those in account 2099 (Net Profit). In the screen capture below, what does the + code indicate?

A. Reconciliation will be performed for the previous closing balance and actuality

B. The previous year's closing balance will be copied during reconciliation

C. This year's closing balance will be copied during reconciliation

D. Reconciliation will be performed for the sameperiod and actuality

Correct Answer: D

Question 2

What is the importance of defining a start period for acquisition calculations?

A. It allows a user to view acquisition calculations for a company in the Trial Balance with Drilldown report at the group level.

B. It ensures that the system calculates opening balances after the first period correctly since the first period has no opening balances.

C. It is the first step in the process of activating and configuring control tables for acquisition calculations and running reports.

D. It is the first step before executing Automatic Journals - Acquisition Calculations when consolidating bysteps.

Correct Answer: B

Question 3

An administrator has created a non-integrated movement account to track the closing balance of machinery and equipment. Whatmust the administrator specify for both the base account and the movement account to ensure that the data is entered correctly?

A. Conversion code

B. Investments code

C. Reconciliation code

D. Intercompany code

Correct Answer: C

Question 4

In the diagrams below, a journal entry for Cash (account B100000, an asset account in the balance sheet) andExternal 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. Balance Sheet forNet Income in the general configuration should be B711000.

B. The company journal type, US GAAP, should credit account B711000 for 100.

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.

Correct Answer: A

Question 5

What do control tables allow the administrator to do?

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

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

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

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

Correct Answer: B

Question 6

An administrator is creating astandard data entry form for end users. On which tab must the administrator specify the type of information that will be shown on the rows and columns of the form?

A. Process Layouts tab

B. Axes tab

C. Reorder tab

D. Lock tab

Correct Answer: B

Question 7

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 two submissions

B. Create separate companies

C. Create separate consolidation types

D. Create linked actualities

Correct Answer: A

Question 8

An administrator wants to import data from a flat file into the Controller system. Which of the following is a valid field ina data import file?

A. Contribution version

B. Consolidation Type

C. Account

D. Submission

Correct Answer: C

Question 9

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 closing rate; in F, the conversion uses the same rate as opening balance

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 convertedat the average rate

C. 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

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

Correct Answer: B

Question 10

AController 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. Investment code I

B. Intercompany code I and investment code I

C. Intercompany code A

D. Intercompany code A and investment code I

Correct Answer: D

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IBM Cognos 10 Controller Developer (C2020-605) Free Practice Test