Question 1

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 2

Which two are tasks that can be performed using EPM Automate? (Choose two.)

Options :

A : set period status

B : import premapped data

C : export balances

D : export journals

Answer: B,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

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

Options :

A : Changes made by the deleted member are reassigned to the primary member of the team for review and approval,

B : The reconciliation is flagged as invalid and needs to be re-created by the administrator.

C : Changes made by the deleted member are reverted and the deleted member is removed from the reconciliation as preparer.

D : Changes made by the deleted member are kept intact and the deleted member still appears as the original preparer.

Answer: D

Question 5

How can you configure a profile for reconciliation compliance to show the variance between a current period balance and a prior period balance in a separate workflow from the reconciliation?

Options :

A : On the currency tab, enable a currency bucket for that prior period balance.

B : Add a rule to the Rules tab.

C : Select a format with the Variance Analysis reconciliation method for the profile.

D : Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.

Answer: C

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