Question 1

Which two auto-reconciliation methods for reconciliations use the Account Analysis format?

Options :

A : Unexplained difference is zero

B : Balance is zero

C : Zero activity

D : Balance is normal

E : No transactions

Answer: A,B

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

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 4

You want the holidays to be skipped when scheduling due dates for reconciliations for an organizational unit.

What should you do?

Options :

A :

Edit the due date in the reconciliations for the organizational unit.

B : Create a holiday rule and assign it to the organizational unit.

C : Create a calendar and assign it to the organizational unit.

D : Add a rule to the Rules tab of the profiles for the reconciliations.

Answer: B

Question 5

You are using EPM Automate commands to automate data load to Account Reconciliation.

In which scenario should you use EPM Automate to load the data through Data Management rather than

directly into Account Reconciliation?

Options :

A : Your data includes fields with blank values.

B : You are loading data to the Reporting currency bucket.

C : You are loading more than 1000 transactions.

D : You want to import one concatenated field from the source file, rather than two separate fields.

Answer: B

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