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Total 80 Questions | Updated On: Nov 19, 2024

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Question 1

Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation method?

A : They display in both the Reconciliations list and the Matching list.

B : They do not participate in period-end compliance workflow.

C : They do not need to be created for periods.

D : You must create profiles for them.

Answer: D

Question 2

A profile’s properties have been modified and the changes saved. Which statement is correct?

A : Existing reconciliations that use the profile are not updated.

B : Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with the changes.

C : Existing reconciliations that use the profile are updated after approval by a system administrator.

D : Existing reconciliations with Pending status that use the profile are updated with the changes.

Answer: B

Question 3

Which two statements are true about reconciliation compliance filters?

A : They can control the records that you see in the list views.

B : They can be used by the rules engine.

C : They allow you to save columns to view records on the screen.

D : You can apply them against unmatched transactions.

Answer: B,C

Question 4

Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested Matches list? (Choose two.)

A : Select the data source to adjust.

B : Select an Adjustment Type.

C : Enter an adjustment amount.

D : Enter a date for the adjustment.

Answer: A,B

Question 5

Which rule runs during the post-processing of data loads?

A : Send Email On Update

B : Create Reconciliations

C : Copy Transactions

D : Auto Match Transactions

E : Auto Submit Reconciliation

Answer: D

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Total 80 Questions | Updated On: Nov 19, 2024

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