Question 1

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

Options :

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

From which two dates defined in the period can you schedule reconciliations? (Choose two.)

Options :

A : end date

B : prior period end date

C : close date

D : start date

Answer: A,C

Question 3

Which two are auto-reconciliation methods? (Choose two.)

Options :

A : Balance Match (%tolerance)

B : No Data

C : Balance has not changed

D : Balance is zero and no activity

Answer: A,D

Question 4

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?

Options :

A : to the match type

B : to the profile

C : to the reconciliation

D : to the format

Answer: D

Question 5

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

Options :

A : two

B : four

C : one

D : three

Answer: C,D

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