It’s time to put what you’ve learned to the test, get 6 questions right to pass this unit.
Q1.
At ABC Corporation, you have configured the rule for subsequent consolidation. When you run the elimination task, what FS item appears in the log with the triggering amount?
Choose the correct answer.
A
Investment in Held Subsidiaries.
B
Current year retained earnings.
C
Investment in Owned Subsidiaries.
D
Prior year retained earnings.
Q2.
At ABC Corporation, you have configured and run the reclassification rule for first consolidation of the purchase method. What FS item is used as the offset for the parent's investment elimination?
Choose the correct answer.
A
Investment for Held Consolidation Units.
B
Investment for Owning Consolidation Units.
C
Investment Clearing.
Q3.
You are laying out the process for the booking of goodwill. You know how to calculate goodwill. What are requirements for the posting of goodwill?
There are two correct answers.
A
Goodwill must be posted by the system.
B
The goodwill posting is a one-sided entry.
C
The partner unit in the goodwill posting is the parent.
D
The goodwill posting uses document type 10.
Q4.
At ABC Corporation you have several consolidation groups that you need to run investment eliminations for. What are your options?
Choose the correct answer.
A
You can run the elimination for multiple consolidation groups from the consolidation monitor.
B
You can run an ABAP program to eliminate multiple consolidation groups.
C
You can use the Schedule Jobs for Consolidation Tasks to eliminate multiple consolidation groups in one go.
Q5.
You are in the process of designing your reclassification rules for the purchase method of investment eliminations.
There are two correct answers.
A
The ownership percentage is usually greater than 50% in a purchase scenario.
B
First consolidation allocates the group share of subsidiary earnings.
C
Goodwill represents the amount that the investment exceeds the subsidiary's fair market value.
At ABC Corporation, you are configuring the reclassification rule for first consolidation of the purchase method. How do you determine the credit FS item when eliminating the investment?
Choose the correct answer.
A
Use the Dest Item Role.
B
Leave the Source Item Role blank.
C
Use the Target Att for Src.
D
Use the NCI Target.
Q7.
At ABC Corporation, you are configuring the rule for subsequent consolidation. To apply an ownership percentage of 100 minus the ownership percentage, what setting must you use?