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NEW QUESTION 32
Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation method?

A. You must create profiles for them.B. They do not participate in period-end compliance workflow.C. They display in both the Reconciliations list and the Matching list.D. They do not need to be created for periods.

Answer: A

 

NEW QUESTION 33
Which statement is FALSE about calendars?

A. An organizational unit can be assigned many calendars to enable reconciliations for different financial dates.B. Calendars are associated with periods and organizational units.C. One period may have many calendars to reflect different date configurations for the period.D. Calendars set the dates and frequencies for each period.

Answer: D

 

NEW QUESTION 34
Which is the minimum user security role required to edit profiles?

A. UserB. Service AdministratorC. ViewerD. Power User

Answer: A

 

NEW QUESTION 35
Which is true when you reopen a reconciliation?

A. You select the role to which it reopens to.B. It reopens to the last reviewer.C. It reopens to the preparer.D. It reopens to the service administrator.

Answer: B

 

NEW QUESTION 36
What happens to a reconciliation if a team member who prepared the reconciliation is deleted from the team at a later point of time?

A. Changes made by the deleted member are reverted and the deleted member is removed from the reconciliation as preparer.B. The reconciliation is flagged as invalid and needs to be re-created by the administrator.C. Changes made by the deleted member are reassigned to the primary member of the team for review and approval,D. Changes made by the deleted member are kept intact and the deleted member still appears as the original preparer.

Answer: D

 

NEW QUESTION 37
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