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1. You created a matrix report but forgot to include the version. What will happen?
A) The system uses the default version.
B) The system uses the user's last viewed version.
C) A planner is prompted to select a version.
D) An error displays.
2. Which two exchange rate types does a new Adaptive Planning instance create by default?
A) Average and End of Month
B) Historical and Budget
C) Local and Corporate
D) Actuals and Plan
3. 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 automatically transferred to the remaining child account, Salaries.
B) The formula and data will be automatically reassigned to the rollup account, Total Operating Expenses.
C) The formula and data will be preserved within an archived leaf account in the system.
D) The formula and data will be permanently deleted across all versions and levels.
4. 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) System account
B) Root account
C) Contra account
D) Assumption account
5. What Workflow action unlocks all child levels?
A) Recall
B) Approve
C) Reject
D) Submit
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: C |
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