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1. The budgeting team would like to incorporate an inflation rate into several different formulas. This inflation rate might be adjusted later on, so the team would like to be mindful of the maintenance effort and store it in one place. What account type allows for data entry at the "Top Level (Only)" to accommodate this?
A) Assumption
B) Custom
C) Metric
D) Modeled
2. If you need to create a new user in the system, what do you select from the Global Navigation menu?
A) Modeling
B) Workflow
C) Processes
D) Administration
3. Which element is required to create a modeled sheet?
A) Accounts
B) Dimensions
C) Attributes
D) Levels
4. An OPEX model uses headcount data linked from a personnel sheet. When testing with sample data, all expense results appear in the location dimension value of 'Uncategorized.' What corrections need to be made to populate the location values?
A) The personnel sheet needs modeled accounts for each location.
B) The personnel sheet needs to be planned with the location dimension.
C) The OPEX formulas need to have Data Privacy set to 'Public at all levels.'
D) The OPEX formulas need term modifiers for location.
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.
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 automatically transferred to the remaining child account, Salaries.
C) The formula and data will be preserved within an archived leaf account in the system.
D) The formula and data will be automatically reassigned to the rollup account, Total Operating Expenses.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A |
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