Free IBM C2020-605 Exam Practice Questions & Explanations
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During the monthly close the group controller wants to guarantee that submitted and approved data for all subsidiaries in the Actual actuality, period 2025-03, closing version 100 cannot be changed, while still allowing the group to book group journals in a later closing version and rerun the consolidation.
Which approach best meets this requirement?
Period locking is the designed mechanism: it freezes reported data and journals for the selected companies, actuality, period and closing version while leaving other closing versions open, so group adjustments can still be posted in a subsequent closing version and the consolidation rerun. B is a blunt security change that blocks all periods and companies. C would destroy the structure and lose the reported data of legal units. D misuses the status flag and would exclude data from consolidation rather than protect it.
A developer defines the movement accounts for shareholders' equity using non-statistical account types so that the closing balance of the movement schedule reconciles to the balance sheet account. A colleague argues that non-statistical movement accounts are required if the movements are to be used by automatic journals for acquisition calculations and currency translation of movements.
Is the colleague correct?
True. Automatic journals for acquisition/investment elimination and the translation of movements at historical or average rates operate on financial (non-statistical) movement accounts, and only non-statistical movements are included in the reconciliation between the movement schedule and the balance sheet. Statistical movement accounts are memo-only and are ignored by those processes.
A developer builds a movement (specification) account structure for fixed assets. The movement extension detail includes accounts for opening balance, additions, disposals and closing balance, plus an account holding the number of assets held, which must never be validated against or posted to the balance sheet nor included in automatic journals.
How should the number-of-assets account be defined?
Statistical accounts (type S) hold non-financial or memo information such as headcount, quantities or number of units. They are excluded from balance/income statement reconciliation, from automatic journals and from standard consolidation postings, which is exactly what is required here. Defining it as an asset account (B) would still make it part of financial totals and subject to control checks. C misuses an account type and sign, and D relates to conversion difference handling, not statistical data.
A company in the group structure exists only to collect and consolidate the results of several legal entities beneath it. It never reports its own transactional data and must not appear as a legal entity in statutory reporting, but it must produce consolidated figures at its level.
Which company type should be defined for this company in Maintain > Company Structure > Define?
A consolidation (group) company - company type 2 - is a node in the structure that carries no reported data of its own but holds the consolidated results of the units below it. Type 1 companies are the reporting legal units that submit data. Elimination and investment companies serve different purposes (holding elimination postings or investment registrations), and neither is intended as the pure consolidation node in the tree.
A consolidation administrator has locked period 2025-06 for company C100 (Actual, closing version 100) in Maintain > Company Structure > Period Locking. During the close, a controller attempts to enter data for C100 in that period and month via Data Entry - Reported Values.
What is the result?
Period locking in Controller is defined per company, per actuality, per period and per closing version. Locking closing version 100 prevents any reported data entry and status changes for that company in that specific closing version, but other closing versions (for example a forecast or a subsequent closing version) remain open for input. B is wrong because locking is not global across closing versions. C is wrong - locking blocks the save, it does not flag data. D is wrong - the lock applies to the company that was locked, regardless of whether it is a parent.