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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Managing Reconciliations | 20% | - Create different reconciliation types - Manage period status and reconciliation lifecycle - Review, approve, reject and reopen reconciliations - Use summary and group reconciliations |
| Topic 2: Creating and Managing Rules | 15% | - Add calculated attributes and filters - Configure validation and alert rules - Apply rules to formats and profiles |
| Topic 3: Configuring Transaction Matching | 15% | - Create match types and data sources - Run auto-match and confirm results - Export adjustments and journals - Define matching rules and processes |
| Topic 4: Configuring Reconciliation Compliance | 25% | - Create and manage profiles - Create and manage formats - Define teams and workflow assignments - Set up calendars and periods |
| Topic 5: Overview and Navigation | 10% | - Describe reconciliation methods - Navigate the application interface - Explain user roles and access control |
| Topic 6: Loading and Managing Data | 15% | - Load balances and transactions - Use EPM Automate and REST APIs - Import via Data Management and Data Integration |
Question 1
Which two statements are true about match types with Pending status?
A. You can perform matching on reconciliations for the match type.
B. You can load data to Pending reconciliations for the match type.
C. You can edit the data sources attributes.
D. You cannot edit the matching rules.
Question 2
Which statement is FALSE regarding user-defined attributes?
A. They can include calculated values.
B. They can be added to formats, profiles, and transactions.
C. You can assign access to attributes by user role.
D. You can no longer add/edit attributes after reconciliations are created.
Question 3
A team has been assigned as the preparer for a reconciliation, and one team member is designated as the
primary user.
What characterizes the primary user?
A. The primary user can edit the reconciliation properties.
B. The system automatically claims the reconciliation for the primary use when the reconciliation status changes to Open (with preparer).
C. The primary user must approve the reconciliation before the preparer submits the reconciliation.
D. The system automatically re-assigned the reconciliation to the primary user when the current preparer is
out of the office.
Question 4
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?
A. Your data includes fields with blank values.
B. You want to import one concatenated field from the source file, rather than two separate fields.
C. You are loading more than 1000 transactions.
D. You are loading data to the Reporting currency bucket.
Question 5
Which is required for a valid profile?
A. at least one level of review
B. at least one question
C. at least one currency bucket
D. at least one rule
Solutions:
| Question 1 Answer: A,B | Question 2 Answer: D | Question 3 Answer: B | Question 4 Answer: D | Question 5 Answer: C |
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