Adaptive Planning

Adaptive Planning practice questions, page 2 of 3, with answer review and explanations.

Question 6

Given the level structure and access rule configuration in the image, what access does the HR analyst ([email protected]) have to Adaptive Planning?

  1. Full View access to the 110-03 Manufacturing-Europe level.
  2. Edit access to the Total Manufacturing level.
  3. Full View access to the GCF Inc level.
  4. Full View access to the Top Level.

Question 7

How can you report on alternate level groupings within Adaptive Planning that reflect the ones maintained in a financial system of record such as Workday?

  1. Select the box "For reporting purposes only" within Level Details on the alternate parent rollup.
  2. Suggest a change in the system of record to only have one single structure matching the Adaptive Planning one.
  3. Include the existing levels within a new level rollup that includes "Alternate" in the name and code.
  4. Use level dimensions or level attributes to represent the alternate hierarchy structure.

Question 8

The finance team wants to create a sub-account for the Inventory General Ledger account.What will happen to the existing balance in the Inventory General Ledger account once the sub-account is created?

  1. The formulas and data are deleted for all versions and all levels.
  2. Data and any formulas stay in the Inventory account.
  3. Data and any formulas move to the new child account.
  4. The formulas and data are duplicated.

Question 9

The budgeting team would like to incorporate an inflation rate into several different formulas. This inflation rate might be adjusted later on, so the team would like to be mindful of the maintenance effort and store it in one place.What account type allows for data entry at the "Top Level (Only)" to accommodate this?

  1. Modeled
  2. Metric
  3. Assumption
  4. Custom

Question 10

Refer to the following scenario to answer the question below.A financial planner is responsible for ensuring the accuracy and structure of the Adaptive Planning model. This includes maintaining formulaic accounts on the Income Statement and establishing a logical hierarchy for the General Ledger accounts to facilitate effective financial reporting and analysis.A rollup account called Total Operating Expenses aggregates the balance of the child accounts called Salaries and Rent.If the Rent account is removed from the Adaptive Planning model, what will be the immediate impact on the formula and data?

  1. The formula and data will be automatically reassigned to the rollup account, Total Operating Expenses.
  2. The formula and data will be permanently deleted across all versions and levels.
  3. The formula and data will be preserved within an archived leaf account in the system.
  4. The formula and data will be automatically transferred to the remaining child account, Salaries.