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NEW QUESTION 45
Which three fields are required in a load file for pre-mapped balances?

A. Currency CodeB. PeriodC. EntityD. Reconciliation IDE. Currency BucketF. Amount

Answer: A,D,F

 

NEW QUESTION 46
Which statement is true for profiles that have a Quarterly frequency selected?

A. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.B. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.C. They must be assigned a quarterly calendar.D. You cannot create reconciliations for profiles with transaction matching reconciliation methods for quarterly periods.

Answer: A

Explanation:
You begin the reconciliation process for each period by creating reconciliations. You can create reconciliations for all account profiles, or for a filtered list of profiles. The profile frequency, such as monthly or quarterly, must match the period frequency.

 

NEW QUESTION 47
When would you use the Variance Analysis reconciliation method?

A. To explain the difference in balances within the same account over different periods.B. To explain the difference in balances from the standards set by an organization in its budget.C. To justify each detail line of the total balance for the period.D. To reconcile the same balance across general ledgers that follow different governing rules.

Answer: D

 

NEW QUESTION 48
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