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Exam ADM-201 topic 1 question 2 discussion

Actual exam question from Salesforce's ADM-201
Question #: 2
Topic #: 1
[All ADM-201 Questions]

If a company opts to use Custom Fiscal Years, they cannot use the standard forecasting option.

  • A. True
  • B. False
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Suggested Answer: A 🗳️

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Ethan_King
Highly Voted 4 years, 10 months ago
After enabling custom fiscal years, when you define the first custom fiscal year, all existing forecasts, forecast history, and forecast adjustments from the first period of that year forward will be deleted.
upvoted 15 times
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Fekoyraja
Highly Voted 3 months, 3 weeks ago
Selected Answer: A
A is correct! Thank you examtopics.com for providing such a good inventory of platform app builder dump. It just does not have the questions but also we can discuss why the answers are correct/wrong. It is helping to improve the overall knowledge of the functionalities. As well, Pass4surehub.com also have dumps for other SF certifications.
upvoted 5 times
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bonezilla
Most Recent 9 months, 2 weeks ago
Selected Answer: A
A is correct! Enabling custom fiscal years is not reversible. **After enabling custom fiscal years, you cannot revert to standard fiscal years.** However, you can define your custom fiscal years to match a standard fiscal year.
upvoted 1 times
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ArjitP
10 months ago
B should be the right answer
upvoted 1 times
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MonBouj
1 year ago
Selected Answer: B
B (False) 1- https://help.salesforce.com/s/articleView?id=sf.admin_about_cfy.htm&type=5 => Enabling or defining custom fiscal years impacts your forecasts, reports, and quotas. *** When you define the first custom fiscal year, all existing forecasts, forecast history, and forecast adjustments from the year’s first period forward are deleted. Forecasts for periods before the first custom fiscal year are not deleted and can be accessed as usual. *** When you define a new custom fiscal year, any existing forecasts, forecast history, forecast adjustments, and quotas for the corresponding standard fiscal year are lost 2- https://trailhead.salesforce.com/fr/trailblazer-community/feed/0D54S00000A94BiSAJ
upvoted 1 times
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Proctored_Expert
1 year, 4 months ago
Selected Answer: B
False. A company can use the standard forecasting option even if they opt to use Custom Fiscal Years. Fiscal years are the accounting period used by a company to record and report financial information. Standard fiscal years follow the calendar year (January 1 to December 31), but companies can also use Custom Fiscal Years that start and end on any date. Forecasting is the process of making predictions about future events or trends based on data and analysis. Standard forecasting is a feature of some software applications that allows users to generate predictions about future events or trends based on historical data. Standard forecasting typically uses a standard time period, such as a calendar year or a fiscal year, as the basis for the predictions.
upvoted 2 times
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Lauramirez18
5 years ago
Can you explain me, why? THANKS!!
upvoted 4 times
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A (35%)
C (25%)
B (20%)
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