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…
How can an administrator configure Controller in such a way that intercompany balances will be eliminated automatically? A. Setup the automatic journal to eliminate intercompany balances and configure control tables for each intercompany pairing. B. Set up the group journal…
The Trial Balance with Drilldown shows a million dollar intercompany difference. Where can the administrator identify this difference? A. Run the Intercompany Accounts report for the group B. Run the calculation report for intercompany balances C. Run the Reconcile Intercompany…
What happens when a main account type code is changed into a statistical account type code? A. The account will no longer be included in the standard reports. B. The account will be bypassed for balance control at data entry.…
What effect does locking at the company level have on the closing version? A. It ensures that a consolidation by steps cannot be run at the group level. B. It ensures that journals associated with the closing version cannot be…
Company ABC has multiple purchase method investments with surplus values attributed to amortizable intangibles. Using the investment elimination template, how can amortization be done automatically? A. Record the debit and credit amount of monthly amortization, and ensure no balance control…
When using a non-manual consolidation type, when would the administrator update the consolidation structure? A. When importing investments for a parent company B. When changing the company structure C. When adding an account D. When entering period data
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…
What do control tables allow the administrator to do? A. Define the accounts where the elimination of acquisition values will be booked B. Perform currency conversion and book differences to a specified account C. Input and specify the details of…
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? A. The from and to accounts, and the…