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Last Updated: Jun 21, 2026
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1. What is a required step when creating a standard sheet?
A) Add custom dimensions
B) Add accounts to a group
C) Choose to make all accounts read-only for all levels
D) Customize each level's access to individual accounts
2. You need to create a sub-version. For what kind of version do you create the sub-version?
A) Actuals
B) Hidden
C) Plan
D) Virtual
3. The financial analyst is updating the formula for the Office Supplies account and needs to incorporate the full year office supplies expenses from the previous fiscal year. What formula should the analyst implement to retrieve last year's value?
A) ACCT.OfficeSupplies[year=previous]
B) ACCT.OfficeSupplies[time=this-12]
C) ACCT.OfficeSupplies[time=this.year-1]
D) ACCT.OfficeSupplies[time=last.year]
4. Scenario: 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.
The accounting team needs to incorporate a new General Ledger account for Prepaid Advertising into the Adaptive Planning model. Under which primary account category can you create the new Prepaid Advertising account?
A) System account
B) Contra account
C) Assumption account
D) Root account
5. If you need to create a new user in the system, what do you select from the Global Navigation menu?
A) Workflow
B) Administration
C) Modeling
D) Processes
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: B |
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