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C2020-605 IBM Cognos 10 Controller Developer Practice Exam

C2020-605 IBM Cognos 10 Controller Developer

About IBM Cognos 10 Controller Developer

This test will certify that the successful candidate has important knowledge and skills necessary to set up a Controller application by creating account and company structures, and set up the consolidation processes such as currency conversion, intercompany transactions, and investments in subsidiaries. The successful candidate must also be able to design and generate financial reports used for financial analysis.

Prerequisite for the exam

The following qualifications are requirements for success:

Knowledge of IBM Cognos 8/10 Cognos Connection

Knowledge of IBM Cognos 8/10 Controller Configuration

 Course Outline

The C2020-605 IBM Cognos 10 Controller Developer Exam covers the following topics -

1. Create Company Structures

Distinguish between the company types

Describe how consolidation types settings affect the company structures

2. Create Account Structures

Describe how reconciliation between accounts settings handles reconciliation of opening balances

Describe the effect of entering an investment code for an account

Describe a scenario for using movement accounts

Identify how to generate movement accounts

Describe the effect of using statistical and non-statistical account types for movement accounts

Identify how integrated and non-integrated movement accounts affect reconciliation

Describe the benefits of connecting extended dimensions to accounts

3. Set up General Configuration

Distinguish between weekly/daily actualities and linked actualities

Describe the effect of enabling the advance account view setting

Describe the benefits of using multiple submission

Describe the effect of enabling Set Status for Submission to Ready After Reconciliation

Distinguish between reconciliation made by Journal Type and Closing Version

Describe how the reporting status is affected by reconciliation settings Total Difference and Difference per Row

Using Method 1, distinguish between currency conversion differences account1 and currency conversion differences account2

Describe the impact of main settings and the reserves

Explain the impact of changing account type settings

4. Enable Data Entry and Data Import

Distinguish between different form types

Describe the purpose of forms sets

Describe the impact of using multiple submissions with form sets

Describe any of the functions of the Form Properties

Describe how to use linked structures to limit data entry view

Distinguish between using the data entry view and the Excel link to add data

Describe the process of adding movement accounts to forms

Describe a scenario for creating a link between forms

Identify the different structures that can be imported and the process

Identify the different ways that data can be imported into Controller

Describe the process of creating an import specification

5. Creates Journals and Closing Versions

Define the relationship between journal type and closing version

Identify the two ways to enter data into company journals

Describe scenarios for copying journals from one period to another

Determine impact of adjusting data on group journals versus company journals

6. Prepare for Currency version

Identify when rules for currency conversion are defined

Identify the workflow for converting foreign currency

Using currency conversion Method 1, identify the commonly used currency codes for P&L accounts, Balance Sheet accounts, and Equity accounts

Distinguish between the currency register and the historical register

Describe a scenario for entering historical rates when a company rolls up to several group currencies

Distinguish between currency conversion codes C and I when converting values for a company journal

7. Configure the Control Tables

Explain the purpose of acquisition control tables

Explain the purpose of intercompany elimination control tables

Identify the process for enabling automatic journal entries

Identify the impact of the offset account in control tables

8. Eliminate and Reconcile Intercompany transitions and acquisitions

Identify when counter dimensions are used

Identify the ways intercompany balances can be eliminated

Identify the effect of storing intercompany adjustments as group journals

Identify how to enter data in the investment register for subsidiaries and associated companies

Explain scenarios when no balance control would be used in the investment register

Describe the importance of defining a start period for acquisition calculations

Describe the ways to run reports for reconciling data reported as intercompany balances

Identify the impact of using Use Online Matching

9. Consolidate a Group’s Reported Values

Distinguish between consolidating by steps and consolidating by status

Identify the reports needed to analyze consolidation

10. Secure the Applications and the Data

Describe the benefits of creating security groups

Describe the benefits of creating user rights

Describe how using period locking at a company level affects the closing version

Distinguish between locking the period for data entry only and locking the period entirely

11. Create Reports to Analyze Data

Identify the performance considerations when creating reports

Distinguish the benefits between creating a Report Generator report and an Excel Link report

Describe the Report Conversion functionality when creating user-defined reports in Controller

Exam Pattern 

  • Exam Name: IBM Cognos 10 Controller Developer
  • Exam Code: C2020-605
  • Length of Time:  120 Minutes

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