Download IBM Cognos 10 Controller Developer.C2020-605.PassLeader.2019-02-23.94q.tqb

Vendor: IBM
Exam Code: C2020-605
Exam Name: IBM Cognos 10 Controller Developer
Date: Feb 23, 2019
File Size: 2 MB
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Demo Questions

Question 1
In the diagrams below, a journal entry for Cash (account B100000, an asset account in the balance sheet) and External 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? 
  
  1. The company journal type, US GAAP, should credit account B711000 for 100.
  2. Balance Sheet for Net Income in the general configuration should be B711000.
  3. In the general configuration, no value has been specified in the Other Difference for Automatic Journals field
  4. Net Income (Non-integrated) in the general configuration should be B711000.
Correct answer: B
Question 2
How can an administrator validate company structures to ensure that they meet the application's rules?
  1. Verify Structures menu
  2. Verify Companies menu
  3. Company structure log file
  4. Consolidation structures log file
Correct answer: A
Question 3
An administrator created a company journal. The administrator then added several transactions to the journal. The accounts in these transactions use currency conversion code I. By default, if there is no amount for the previous year (no local amount or converted amount), what rate is used to convert the local amount for the current year?
  1. The previous year's closing rate
  2. The previous year's opening rate
  3. The previous year's average rate
  4. The previous year's data is not used
Correct answer: A
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