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1. What is a properly formatted level name?
A) 1000 Sales: France & Germany
B) 1000 Sales - France and Germany
C) 1000 Sales: France and Germany
D) 1000 Sales - France/Germany
2. Scenario: A financial planner is responsible for ensuring the accuracy and structure of the Adaptive Planning model. This includes maintaining formulaic accounts on the Income Statement and establishing a logical hierarchy for the General Ledger accounts to facilitate effective financial reporting and analysis.
The accounting team needs to incorporate a new General Ledger account for Prepaid Advertising into the Adaptive Planning model. Under which primary account category can you create the new Prepaid Advertising account?
A) Root account
B) Assumption account
C) Contra account
D) System account
3. Scenario: A financial planner is responsible for ensuring the accuracy and structure of the Adaptive Planning model. This includes maintaining formulaic accounts on the Income Statement and establishing a logical hierarchy for the General Ledger accounts to facilitate effective financial reporting and analysis.
A rollup account called Total Operating Expenses aggregates the balance of the child accounts called Salaries and Rent. If the Rent account is removed from the Adaptive Planning model, what will be the immediate impact on the formula and data?
A) The formula and data will be permanently deleted across all versions and levels.
B) The formula and data will be preserved within an archived leaf account in the system.
C) The formula and data will be automatically reassigned to the rollup account, Total Operating Expenses.
D) The formula and data will be automatically transferred to the remaining child account, Salaries.
4. What is a required step when creating a standard sheet?
A) Add accounts to a group
B) Customize each level's access to individual accounts
C) Add custom dimensions
D) Choose to make all accounts read-only for all levels
5. What dashboard mode allows users to interact with charts by selecting data points for further exploration and data analysis?
A) Snapshots
B) Presentation
C) View
D) Grid
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: C |
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