Online Access Free C2020-605 Practice Test

Which of the following is true of the Excel Link?

• A.Only reported values for periods that have been initiated can be entered
• B.Only shareholdings and investments can be entered.
• C.Only group journals for periods that have been initiated can be entered.
• D.Only intercompany values can be entered.

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 andconsolidating with status?

• A.Consolidating with status performs currency conversion using forms.
• B.Consolidating by steps performs currency conversion using only code I.
• C.Consolidating by steps eliminates intercompany balances automatically.
• D.Consolidating with status has a reconciliation process and status handling

How can currency conversion be verified after running a consolidation?

• A.Run the journals across report for the group after consolidation.
• B.Check the log report thatappears after consolidation is run.
• C.Execute the calculation report created for currency conversion.
• D.Run the Currency Conversion report for the group company.

Company BAG uses the Method 1 currency conversion. Which of the codes shown below should be assigned to the following accounts: Patents, Work in Process Inventory, Raw Materials Costs, Advertising and Promotions, and Common Stocks Equity?

• A.Patents -D; Work in Process Inventory- D; Raw Materials Costs-B; Advertising and Promotions -B; Common Stocks Equity-E
• B.Patents -D; Work in Process Inventory -D; Raw Materials Costs-B, Advertising and Promotions -B;Common Stocks Equity-N
• C.Patents - B; Work in Process Inventory- B; Raw Materials Costs - B; Advertising and Promotions - D; Common Stocks Equity-N
• D.Patents - B; Work in Process Inventory- B; Raw Materials Costs - D; Advertising and Promotions - D; Common Stocks Equity-E

The administrator notices that each party to an intercompany transaction uses a different cost center in the same transaction. What does the administrator need to include to matchcost centers?

• A.Reversing Journal
• B.Counter Dimension
• C.Conversion Method
• D.Calculation Account