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1. In modeled sheets, what is the primary function of a value lookup for dimensions or text selector columns?
A) To enter global assumption account values.
B) To spread the values in one account over subsequent time periods of another account.
C) To enter data into the columns of your model.
D) To associate specific values to dimensions or text over time to be used in calculations on a modeled sheet.
2. You have a Rates cube sheet at the Year time stratum holding various assumptions and percentages. If you want to reference accounts in this cube sheet elsewhere, what design consideration is required?
A) The Rates sheet will perform automatic breakback to months.
B) Monthly inputs for Rates can still load and aggregate to Year.
C) Only sheets at the Year time stratum can reference Rates accounts.
D) Reference to Rates accounts need the [time=this.year] modifier.
3. What is a key difference in how Dimensions and Attributes are typically used?
A) Dimensions are used to create calculated metrics; Attributes are used only for manual data entry
B) Dimensions are used for creating hierarchies; Attributes are used for grouping accounts
C) Dimensions are used for tagging data for entry or import; Attributes are used for tagging existing elements like levels or accounts
D) Dimensions can only be applied to standard sheets; Attributes can be applied to all sheet types
4. Before importing level structures, what setup and configuration is a necessary predecessor?
A) Currencies
B) Users and Security
C) Account Default Formulas
D) Time and Versions
5. 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) System account
D) Contra account
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: A |
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