Knowledge quiz

It’s time to put what you’ve learned to the test, get 7 questions right to pass this unit.

Q1.
When goods are sold between profit centers, inter profit center revenue and cost are generated. You can eliminate intercompany revenue and cost for consolidation units and profit centers at the same time.
Choose the correct answer.
Q2.
Elimination entities are determined by the first common parent in hierarchies. What hierarchy can be used to determine the first common parent?
Choose the correct answer.
Q3.
When goods are sold between companies, intercompany revenue and cost is generated. Intercompany Revenue and Cost eliminations typically use a one-sided approach.
Choose the correct answer.
Q4.
Which of the following challenges do companies face with an increase in the number of mergers and acquisitions?
Choose the correct answer.
Q5.
At ABC Corporation, you have many intercompany transactions to eliminate. Which of the following describes intercompany eliminations?
There are 3 correct answers.
Q6.
You’re reporting on intercompany data and matrix eliminations is active. To achieve the consolidation view, what dimension would you use?
There are 2 correct answers.
Q7.
You can use a reclassification method or the Intercompany Matching and Reconcilation (ICMR) integreted elimination. Why would a corporation use the ICMR elimination task?
Choose the correct answer.
Q8.
You're resolving intercompany differences. When matching items, what processing status generates a communication message?
There are 3 correct answers.

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