ARGUS Enterprise Training Manual Exam Questions With100% Verified Answers

ARGUS Enterprise Training Manual Exam
Questions With100% Verified Answers

Ch 1 Review: Which of the Portfolio Application Tabs is best described by the following
statement? This application allows users to create and view analytical charts and
graphs based on a combination of properties from the portfolio. (Pg 13)

a. Portfolio Details
b. Scenarios
c. Reports
d. Analysis - ANSWER d. Analysis

Modeling Policies Option - ANSWER Allows a user to view and change the options
used for data entry and calculations in the property model (pg 19)

Calculation Option - ANSWER An option that can be selected/deselected to
automatically calculate changes made to the property model. When running AE vie
Citrix this function is set to OFF and cannot be changed (pg 19)

Calculate As Option - ANSWER An option that will calculate the property at either the
current version or the last major releases before the current version (pg 19)

Property Tab - ANSWER A tab that allows users to input necessary property level
information. Certain fields within this tab are required fields while the others are optional
based on the user's preference (pg 20)

Description Sub Tab (under Property) - ANSWER This tab allows users to enter basic
information about the property (pg 21)

Location Sub Tab (under Property) - ANSWER Enter the property address in this tab.
This inforation is not required but entering it will facilitate the use of advanced features
in AE (pg 21)

Additional Sub Tab (under Property) - ANSWER Preparer Name, Appraisal Number,
Loan Number, Year Built, Portfolio Name and Comments are entered in this window.
Including this information is option (pg 21)

,Attachments Sub Tab (under Property) - ANSWER Upload numerous files and URLs in
this tab to centralize the location of property documents (pg 21)

Area Measures Sub Tab (under Property) - ANSWER This screen contains the entries
of building measurements, including property size, office space, retail space, and
storage. New categories may be created by the user to accommodate reimbursement
calculations or to specify other measurements, such as common areas (pg 21)

Ground Leases Sub Tab (under Property) - ANSWER This tab allows a user to adjust
market assumptions for a Ground Lease, model valuation and/or a discounted cash
flow. This commonly used with Traditional Valuation and non-freehold tenants (pg 21)

Units Sub Tab (under Property) - ANSWER Allows a user to easily track inventory,
forecast property unit cash flows, model renewal scenarios for replacement tenants or
re-measurements and extract data necessary for creating stacking plans and other
external custom reports (pg 21)

Charts of Accounts Sub Tab (under Property) - ANSWER This sub-tab displays the
COA attached at the portfolio level and can be used in creating revenues and expense
line-items throughout the property (pg 21)

Actuals Sub Tab (under Property) - ANSWER This tab is where users can import or
manually enter actual expenses incurred by the property (pg 21)

Budget Sub Tab (under Property) - ANSWER This tab is where users can import or
manually enter budget information for the expenses incurred by the property (pg 21)

Classifications Sub Tab (under Property) - ANSWER Add classifications to group assets
that share similar values in this tab. Once applied to your asset, we will be able to select
from the available property classifications in the Group By parameter of many Portfolio
Reports (this will vary by report) (pg 21)

Key Point #3 - ANSWER Click on the Inflation Basis ellipsis to detail inflation monthly.
To apply inflation to the first year of the analysis select Allow Inflation in Year One
option in the Modeling Policies (pg 22)

Market Tab - ANSWER A tab that includes all assumptions dealing with Inflation,
General Vacancy, Credit Loss, Market Leasing profiles, Market Rent categories, Free
Rent, CPI Increases, Tenant Improvements, Leasing Commissions, Rent Components
and Ranges (pg 22)

,Miscellaneous Sub Tab (under Revenues Tab) - ANSWER A sub-tab where all non-
tenant related revenue can be entered (pg 23)

Expenses Input Screen - ANSWER Includes all reimbursable and non-reimbursable
operating expenses (pg 25)

Reimbursable Expenses - ANSWER All expenses that the property owner will recover
from the tenants. Includes Common Area Maintenance (CAM), Taxes, Insurance and
Repairs (pg 25)

Prop 13A (Expense Input Method) - ANSWER AE will interpret the expense as a
California Proposition A expense and will calculate it as a percentage of the resale
amount as well as any recovery of the adjusted expense. Note that only one Proposition
13 expense will be used in calculations. If you enter more than one expense as a
Proposition 13 expense, only the first Proposition 13 expense will be used in
calculations (pg 25)

Prop 13B (Expense Input Method) - ANSWER AE will interpret the expense as a
California Proposition B expense and will modify the capitalization process by adjusting
the NOI to remove the tax expense, add the tax rate to the cap rate, and calculate
resale of the property based on the incremented cap rate (pg 25)

Key Point #4 - ANSWER Within AE we can add in Non-Operating Expenses.
NonOperating Expenses will fall below the Net Operating Income line on the Cash Flow.
They will also not be counted towards the value of the property. You can switch this
feature on/off in the Report Options while in the Cash Flow Report (pg 25)

% of Gross Market Income - ANSWER For DCF users, this multiples the entry in the
Amount 1 field by the sum of Total Market Rent and Total Other Revenue (pg 25)

Key Point #5 Variable Expense Calculations: - ANSWER Variable Expense
Calculations:
[(Expense Amount x % Fixed) + (Expense Amount x % Variable x % Occupied)] =
Expense Amount on Cash Flow

Copy To End Button (Varies Window) - ANSWER This button will copy the monthly
amount to all remaining months of the analysis (pg 27)

Copy Column To End Button (Varies Window) - ANSWER This button will copy the

, selected year to each year thereafter (pg 27)

Limits Option - ANSWER This option provides the ability to set a lower or upper limit on
the projected expense amount. If the projected expense amount is less than the inflated
lower limit or greater than the inflated upper limit, it will be overridden by the inflated
limit amount in the cash flow projection. Limits inflate by the default expense inflation
rate (pg 29)

Capital Expenses - ANSWER Expenses that are not considered part of a property's NOI
and appear below the income line on the Cash Flow. Examples include structural or
capital reserves, building repairs, or improvements (pg 30)

Key Point #6 - ANSWER In the Property Reports - Cash Flow, a user has the option to
change the "report for" options.
- "Total Property" (default) will show all transactions within the model.
- "Assured and Speculative Income" will show all income broken into Assured and
Speculative sections.
- "Assured Cash Flow" will show the assured portion of the CF. The tenant revenue
section of the report will show assured income based on lease statuses set to contract
or contract renewal. All non-tenant income and expense items will calculate the
assured portion based on a pro-rata share using the tenant income by lease status as
the numerator. The "Calculate Assured Income" option needs to be checked in the
Modeling Policies - General tab for this option to work.
(Pg 31)

Ch 2 Review: What is the extension of a property asset file in ARGUS Enterprise? (Pg
19)

a. .sf
b. .avux
c. .aeex
d. .aeix - ANSWER b. .avux

Ch 2 Review: ____ saves the updates to the property asset model to the database. If a
calculation has been performed, it also saves the latest calculation results. (Pg 19)

a. Refresh
b. Save Property to File
c. Check In/Out Property
d. Save Property - ANSWER d. Save Property