1. Levels and Currency

Question 1

The 4 required elements of models include…

1. Levels
2. Accounts
3. Versions
4. Time
5. Dimensions
6. Attributes
7. Multicurrency

Answer 1

1. Levels
2. Accounts
3. Versions
4. Time

Question 2

Reports are easier and faster to understand when the data is based on your organization structure (Levels). True or False?

Answer 2

True

Question 3

Which of these would not be considered a Level?

1. Customer
2. Country
3. Line of Business
4. City
5. SKU

Answer 3

1. Customer
2. SKU

Question 4

When updating existing Levels via an import template, which 3 fields are mandatory?

1. Short Name
2. Name
3. Rolls up to
4. Description
5. Code

Answer 4

2. Name
3. Rolls up to
4. Code (this is optional when Adding Levels but mandatory when Updating Levels).

Question 5

If you import a template of levels using the “Reload entire organization structure”, what gets erased in all Versions?

Data
Dimensions
Levels
Shared Formulas
Standard Formulas

Answer 5

Data
Levels
Shared Formulas

Question 6

What does “Update and Append” do when importing Levels?

1. Adds new Levels, changes existing Levels and deletes all data related to those Levels
2. Adds new Levels, changes existing Levels excluding those Levels you did not include in the import

Answer 6

2. Adds new Levels, changes existing Levels excluding those Levels you did not include in the import

Question 7

If you update Levels, do the changes apply to…

1. All Versions except locked and hidden
2. Current Version only
3. All Versions including locked and hidden

Answer 7

3. All Versions including locked and hidden

Question 8

You cannot deactivate a Level in the actuals version, but you can change the start and end dates. True or False?

Answer 8

True

Question 9

The Actuals version includes all Levels. True or False?

Answer 9

True

Question 10

You use Level Attributes and Level Dimensions for making alternate Level hierarchies. True or False?

Answer 10

True

Question 11

Which of the following is false about corporate currencies?

1. Can be changed after adding other currencies to the model.
2. Cannot be changed after adding other currencies to the model.
3. Is assigned to the highest Level.
4. Defaults to USD.
5. Exchange rates defined in the model then convert the data to the corporate currency.

Answer 11

1. Can be changed after adding other currencies to the model.

Question 12

Exchange Rate Types section has two default rate types: Average and End of Month. Which should you use for Income Statement and Balance Sheet accounts?

1. Average rate type for IS accounts.
2. Average rate type for BS accounts
3. End of Month rate type for IS accounts.
4. End of Month rate type for BS accounts.

Answer 12

1. Average rate type for IS accounts.
2. End of Month rate type for BS accounts.

Question 13

Which of the below are true for exchange rates?

1. Defined by Version.
2. Can be entered manually or imported.
3. Enabled for filtering.
4. Use the default time stratum.

Answer 13

1. Defined by Version.
2. Can be entered manually or imported.
3. Enabled for filtering.
4. Use the default time stratum.

Question 14

Levels can report in their assigned currency and the corporate currency. True or false?

Answer 14

True

Question 15

What is considered best practice when naming Levels?

1. Use punctuation symbols.
2. Use hyphens and underscores.
3. Use spaces.
4. Avoid a naming convention that requires frequent changes, such as employee names.

Answer 15

2. Use hyphens and underscores.
3. Avoid a naming convention that requires frequent changes, such as employee names.

Question 16

When you add a standard currency (such as EUR), can you select the option to create default reporting rates? True or False.

Answer 16

True

Question 17

When you mark a currency as a Reporting Currency, Adaptive Planning creates direct ___ ___ between it and all other active currencies you have.

Answer 17

Exchange, rates