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In which row does an unmatched transaction with an accounting date of April 30th display in the period-end reconciliation for May 31?. Unmatched Supported. It is excluded from the report. Matched in Transit. Unmatched.

From which two dates defined in the period can you schedule reconciliations? (Choose two.). End date. Prior period end date. Close date. Start date.

You want to require that preparers answer a question certifying that they followed the company accounting policies in preparing the reconciliation. Where do you add the questions?. To the match type. To the profile. To the reconciliation. To the format.

Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested Matches list? (Choose two.). Select the data source to adjust. Select an Adjustment Type. Enter adjustment amount. Enter a date for the adjustment.

You want the holidays to be skipped when scheduling due dates for reconciliations for an organizational unit. What should you do?. Edit the due date in the reconciliations for the organizational unit. Create a holiday rule and assign it to the organizational unit. Create a calendar and assign it to the organizational unit. Add a rule to the Rules tab of the profiles for the reconciliations.

Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested Matches list? (Choose two.). Select the data source to adjust. Select an Adjustment Type. Enter an adjustment amount. Enter a date for the adjustment.

Which two attribute types are required for each data source? (Choose two.). Key Field. Accounting Date. Calculation. Balancing Attributes.

What happens to a reconciliation if a team member who prepared the reconciliation is deleted from the team at a later point of time?. Changes made by the deleted member are reassigned to the primary member of the team for review and approval. The reconciliation is flagged as invalid and needs to be re-created by the administrator. Changes made by the deleted member are reverted and the deleted member is removed from the reconciliation as preparer. Changes made by the deleted member are kept intact and the deleted member still appears as the original preparer.

Which ability does NOT belong to users with the Power User role?. Edit formats to which they are assigned access. Prepare reconciliations. Review reconciliations. Edit profiles to which they are assigned access.

A profile’s properties have been modified and the changes saved. Which statement is correct?. Existing reconciliations that use the profile are not updated. Existing reconciliations with pending or open with preparer status that use the profile are updated with the changes. Existing reconciliations that use the profile are updated after approval by a system administrator. Existing reconciliations with pending status that use the profile are updated with the changes.

How can you configure a profile for reconciliation compliance to show the variance between a current period balance and a prior period balance in a separate workflow from the reconciliation?. On the currency tab, enable a currency bucket for that prior period balance. Add a rule to the Rules tab. Select a format with the Variance Analysis reconciliation method for the profile. Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.

A profile’s properties have been modified and the changes saved. Which statement is correct?. Existing reconciliations that use the profile are not updated. Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with the changes. Existing reconciliations that use the profile are updated after approval by a system administrator. Existing reconciliations with Pending status that use the profile are updated with the changes.

To which do you assign Holiday Rules?. Profiles. Periods. Organizational units. Calendars.

For which scenario could a match type with a single data source be appropriate?. Matching credits and debits for a clearing account. Intercompany matching. Matching bank and point-of-sale transactions. Variance analysis for current and prior period balances.

When a user requests that responsibility for a reconciliation be reassigned to John, who is another regular user, John should be able to approve the request. How can this be configured?. In his User Preferences, John should select the Approve Reassignments option. Add John to the Reassignment Approvers security group. On the Reassignment Requests tab in System Settings, in the Allow Reassignment Request Approval By option, select Users. On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.

In a reconciliation profile, the Account Payable Reviewers team is assigned as the reviewer, and you want to require that ALL team members approve the reconciliation. Which action should you perform?. In the Instructions tab of the profile, add instructions for all team members to review the reconciliation. On the Workflow tab of the Profile, select All Reviewers in the Require Action By field. Add a rule of the type Require Team Review to the Rules tab. Do not select a Primary User for the Account Payable Reviewers team.

What happens when you select the Key option for a data source attribute?. Transactions with the same key attributes cannot be loaded. The attribute is hidden from users. Transactions are sorted by the attribute. Values are required for the attribute.

The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which two are possible explanations? (Choose two.). Currency exchanges rates are out of date. Journal adjustments created were not posted. You do not have security access to all the transactions. The data load for transactions was incomplete.

You are a preparer with the User role and you are going on vacation. How can you assign responsibility for reconciliations currently open with you to the backup preparer?. In the Workflow tab of the reconciliations, select a backup preparer in the Backup Preparer field. In the Actions menu of the reconciliations, select Request Reassignment. In User Preferences, change your status to Out of Office. Click the Release button in the reconciliations to release it to the other team members.

From which two dates defined in the period can you schedule reconciliations?. End date. Prior period end date. Close date. Start date.

Which two attributes types are required for each data source? (Choose two). Key Field. Accounting Date. Calculation. Balancing Attributes.

Which is true when you reopen a reconciliation. It reopens to the service administrator. It reopens to the last reviewer. You select the role to which it reopens to. It reopens to the preparer.

Which ability does NOT belong to users with the Power User role?. Edit formats to which they are assigned access. Prepare reconciliations. Review reconciliations. Edit profiles to which they are assigned access.

Which statement about loading pre-mapped balances is FALSE. You can drill back to the ERP from the reconciliation screen. You must select a currency bucket for the import. You must select a period to which to load the balances. You can import firm either tab separated or comma separated files.

Which two options indicate the minimum and respectively the maximum number of currency buckets you can enable? (Choose two). Two. Four. One. Three.

Which expression do you include in the Expression field of the Amount column in an import format to ensure that zero balances are loaded?. Source system. NZP. 0. Include Null.

Which two are auto-reconciliation methods? (Choose two). Balance Match. No Data. Balance has not changed. Balance is zero and no activity.

How can you configure a profile for reconciliation compliance to show the variance between a current period balance and a prior period balance in a separate workflow from the reconciliation?. On the currency tab, enable a currency bucket for that prior period balance. Add a rule to the Rules tab. Select a format with the Variance Analysis reconciliation method for the profile. Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.

A profile's properties have been modified and the changes saved. Which statement is correct?. Existing reconciliations that use the profile are not updated. Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with the changes. Existing reconciliations that use the profile are updated after approval by a system administrator. Existing reconciliations with Pending status that use the profile are updated with the changes.

To which do you assign Holiday Rules?. Profiles. Periods. Organizational Units. Calendars.

For which scenario could a match type with a single data source be appropriate?. Matching credits and debits for a clearing account. Intercompany matching. Matching bank and point-of-sale transactions. Variance analysis for current and prior period balances.

When a user requests that responsibility for a reconciliation be reassigned to John, who is another regular user, John should be able to approve the request. How can this be configured?. In his User Preferences, John should select the Approve Reassignments option. Add John to the Reassignment Approvers security group. On the Reassignment Requests tab in System Settings, in the Allow Reassignment Request Approval By option, select Users. On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.

In a reconciliation profile, the Account Payable Reviewers team is assigned as the reviewer, and you want to require that ALL team members approve the reconciliation. Which action should you perform?. In the Instructions tab of the profile, add instructions for all team members to review the reconciliation. On the Workflow tab of the Profile, select All Reviewers in the Require Action By field. Add a rule of the type Require Team Review to the Rules tab. Do not select a Primary User for the Account Payable Reviewers team.

What happens when you select the Key option for a data source attribute?. Transactions with the same key attributes cannot be loaded. The attribute is hidden from users. Transactions are sorted by the attribute. Values are required for the attribute.

Which are the three available views in Account Reconciliation?. List View. Dense View. Group View. Compact.

Which statement is NOT true about Periods defined in Account Reconciliation?. You can only import one period at a time within Account Reconciliation. A period can be assigned to multiple calendars. A period has a status, Locked, which prohibits any changes to reconciliations within that period. Each period must have a start and end date, associated frequency, and closing date.

What does the Export URLs option under Settings and Preferences allow a user to do?. Enables a user to export the application URL only to be given to other users who want to access the application. Enables a user to create a CSV file that provides unique URLs for each card, tab, or subtab within a connected EPM Cloud business process. No such option exists. Enables a user to create a list of unique URLs for each card, tab, or subtab within a connected EPM Cloud business process which are visible on screen.

Public filters are a kind of Private Filters that have been published by Service Administrator or Power User. TRUE. FALSE.

What are the possible user roles for ARC?. Service Administrator, Power User, User, Viewer. Administrator, View User, Interactive User, Planner. LCM admin, Environment User, View User, Manager. Viewer, Power Administrator, Service User, Specialist.

What are the typical accounts in the general ledger?. Liabilities, Purchasing, Inventory, Expense. Investments, Raw Materials, Purchasing, Equity. Assets, Equity, Revenue, Expense, Liabilities. Cash, Finished Goods Sales, Assets, Expense.

Which components configured as system attributes specify at what level the Reconciliation should be performed?. Process. Frequency. Account Type. Profile Segments.

What is Reconciliation?. A way to compare two bank balances against each other. A process of validating financial account balances by comparing balances. A penalty for failing to reconcile their accounts. A way for companies to see how much they spent in a year.

Which is NOT a reconciliation method supported by Account Reconciliation. Balance Comparison. Balance Matching. Account Analysis. Variance Analysis.

Which card is only available to Administrators?. Alerts. Applications. Tools. Configuration.

How many levels of reviewers can there be in a reconciliation?. 7. 15. 10. 5.

Which is NOT part of the configuration settings?. Language. System Settings. Currency. Periods.

What are the typical frequencies that are set up in the system attributes?. Monthly and Daily. Daily, Monthly, Annually. Quarterly and Annually. Monthly and Quarterly.

Which statement is true about reopening a reconciliation?. Reconciliations can never be reopened within Account Reconciliation. The ability to reopen a reconciliation is governed by the system settings – Reopen Reconciliation Options. There is no restriction within Account Reconciliation on reopening a reconciliation. The ability to reopen a reconciliation is governed by the system attribute – Reconciliation Options.

Which two roles for a reconciliation can only add attachments to their respective comments?. Reviewer. Approver. Preparer. Commentator.

Which role is required by users to use the Data Integration Functionality?. Viewer. Power User. Service Administrator. User.

What is Variance Analysis?. Both options are correct. It is the difference between an actual amount and a budgeted planned or past amount. Neither of them is correct. It automated the account monitoring process by utilizing a rules engine to automatically process accounts or require explanations for differences.

Which statement is NOT true about Calculated Attributes?. Calculated Attributes can be used in Rules to execute business rules. Calculated Attributes can be added as Filterable attributes. Calculated Attributes can be added as Columns in Views and Lists. Calculated Attributes can be edited.

What are the common format and profile rules?. Auto submit, Auto Approval, auto rejection, auto cancel, auto update, reject email. Auto Delete, Auto save, Auto Approve. Prevent transaction save, require attachment, delete reviewer. Auto approval, auto submit, prevent approval, prevent submit, require attachment, prevent rejection, send email.

Which two rules are only available as Format Transaction Rules?. Prevent Transaction Save. Auto submit Reconciliation. Send Email on Update. Prevent Amount Edit.

The Auto Approve Reconciliation rule can be defined both as the profile and the format level. FALSE. TRUE.

Which statement is NOT true about the Alerts feature in Account Reconciliation?. Alert Types segregate people responsible for different issue types. The Alerts feature is available for reconciliation compliance. The Alerts feature handles communication between users. The Alerts feature is available for reconciliation compliance and transaction matching.

Which item is NOT one of the key concepts with match types?. It determines how the transaction matching will happen. It is assigned to reconciliations. It can be created by a service administrator or power user. It defines the structure of data coming from data sources for matching.

Which is NOT one of the five golden balancing rules?. Matched - All after. Unmatched - All. Matched - All on or before. Unmatched - On or Before. Matched - Both before and after. Unmatched - After.

The transaction Matching process repeats each time new data becomes available and ends when all possible matches have been created. FALSE. TRUE.

Which type of rules impacts Autocopy transactions from prior period functionality for a reconciliation?. Both of them. Profile Rules. Neither of them. Format Rules.