Question 1

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

Options :

A : Send Email On Update

B : Create Reconciliations

C : Copy Transactions

D : Auto Match Transactions

E : Auto Submit Reconciliation

Answer: D

Question 2

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

Options :

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

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?

Options :

A : In his User Preferences, John should select the Approve Reassignments option.

B : Add John to the Reassignment Approvers security group.

C : On the Reassignment Requests tab in System Settings, in the Allow Reassignment Request Approval By option, select Users.

D : On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.

Answer: C

Question 4

Which statement regarding user-defined attributes is FALSE?

Options :

A : You can assign access by user role.

B : They can include calculated values.

C : They can be assigned default value.

D : You can no longer add/edit attributes after reconciliations are created.

Answer: D

Question 5

Which three types of reconciliations are suitable for the Transaction Matching feature? (Choose three.)

Options :

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

Answer: A,B,D

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