Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data Management? (Choose two.)
A. SWIFT MT940
B. BAI
C. EDI
D. XML
Which two conditions can make a profile invalid? (Choose two.)
A. The Normal Balance setting does not match the account type.
B. No preparer is assigned on the Workflow tab.
C. No currency buckets are enabled.
D. Aging limits have not been specified.
For which scenario could a match type with a single data source be appropriate?
A. matching credits and debits for a clearing account
B. intercompany matching
C. matching bank and point-of-sale transactions
D. variance analysis for current and prior period balances
To which do you assign Holiday Rules?
A. profiles
B. calendars
C. organizational units
D. periods
Which reconciliation method is appropriate for a prepaid insurance reconciliation that explains the current month balance?
A. Balance Comparison
B. Transaction Matching
C. Variance Analysis
D. Account Analysis
Which three statements are true about importing transaction matching transactions from the Jobs page? (Choose three.)
A. You select a separate load file for each data source.
B. You can select comma or tab for delimiter, or enter a user-defined delimiter.
C. You can import transactions to a match type only if its status is Pending.
D. Auto-match can run automatically after the import is finished.
E. You must select a match type for the import.
To which do you assign default currencies?
A. currency buckets
B. account ids
C. organizational units
D. formats
Which two statements are true about Group reconciliations? (Choose two.)
A. Group reconciliations include other individual reconciliations as children.
B. You cannot use Data Management to import balances for group reconciliations.
C. The format for the reconciliation must be enabled for Group Reconciliation.
D. The Group Detail tab shows data for the group reconciliation sub segments.
E. You can import balances into periods as pre-mapped data.
Which is NOT a step in configuring journals in Transaction Matching?
A. create journal columns
B. map journal columns to data source attribute columns
C. define data source filters
D. create journal templates
Which three types of reconciliations are suitable for the Transaction Matching feature? (Choose three.)
A. reconciliations with a single data source, like a clearing account
B. reconciliations that are typically zero balance accounts with low activity
C. reconciliations that have amortizing transactions
D. reconciliations with 2 or more data sources, like a cash or accounts receivable account
E. accounts with high volumes of data
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.
The transaction matching period-end reconciliation displays an unexplained difference other than zero.
Which two are possible explanations? (Choose two.)
A. Currency exchanges rates are out of date.
B. Journal adjustments created were not posted.
C. You do not have security access to all the transactions.
D. The data load for transactions was incomplete.
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 question?
A. to the match type
B. to the profile
C. to the reconciliation
D. to the format
Which statement is FALSE about the review process in reconciliation compliance?
A. Reviewers are sent notifications.
B. You can have up to seven levels of review.
C. You can assign backup reviewers.
D. You can assign a team as reviewer.
Which is true when you reopen a reconciliation?
A. It reopens to the service administrator.
B. It reopens to the last reviewer.
C. You select the role to which it reopens to.
D. It reopens to the preparer.