ADM-201 Question #298: Real Exam Question with Answer & Explanation

Question

Cloud Kicks wants its reports to show a Fiscal Year that starts on February 1 and has 12 months. How should the administrator address this requirement?

Options

• AA Set the Fiscal Year to Custom and the starting month as February.
• BSet the Fiscal Year to Custom and the duration to 4 quarters.
• CSet the Fiscal Year to Standard and the duration to 12 months.
• DSet the Fiscal Year to Standard and the starting month as February.

Explanation

Cloud Kicks requires its reports to reflect a fiscal year that starts on February 1st and maintains a standard 12-month duration.

Common mistakes.

• A. Setting the Fiscal Year to 'Custom' is used for non-standard fiscal periods (e.g., 13 periods, varying quarter lengths), which does not align with the requirement for a 12-month duration.
• B. Choosing 'Custom' fiscal year indicates a non-standard structure, and while 4 quarters is standard, this option incorrectly implies a non-standard fiscal setup for a simple start month change.
• C. While setting the Fiscal Year to 'Standard' and duration to 12 months is correct in principle, this option is incomplete as it doesn't specify how to change the starting month of the fiscal year, which is a key part of the requirement.

Concept tested. Configuring standard fiscal years

Reference. https://help.salesforce.com/s/articleView?id=sf.admin_setup_fiscal_year.htm&type=5

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