Preston Oakes
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ARCS Accounting Quiz on ARCS_V2, created by Preston Oakes on 03/11/2021.

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Preston Oakes
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ARCS_V2

Question 1 of 16

1

What are the possible user roles for ARCS:

Select one of the following:

  • Service Admin, Power User, User, Viewer

  • LCM admin, Environment User, View User, Manager

  • Administrator, View User, Interactive User, Planner

  • Viewer, Power Administrator, Service User, Specialist

Explanation

Question 2 of 16

1

What are the typical accounts in the general ledger?

Select one of the following:

  • Investments, Raw Materials, Purchasing, Equity

  • Cash, Finished Goods Sales, Assets, Expense

  • Assets, Equity, Revenue, Expense, Liabilities

  • Liabilities, Purchasing, Inventory, Expense

Explanation

Question 3 of 16

1

What is Reconciliation?

Select one of the following:

  • A process of validating financial account balances by comparing balances

  • A way to compare two bank balances against each other

  • A penalty for failing to reconcile their accounts

  • A way for companies to see how much they spent in a year

Explanation

Question 4 of 16

1

Which card is only available to Administrators?

Select one of the following:

  • Configuration

  • Alerts

  • Application

  • Tools

Explanation

Question 5 of 16

1

What is Variance Analysis?

Select one of the following:

  • It is the difference between an actual amount and a budgeted planned or past amount

  • None of them

  • It automates the account monitoring process by utilizing a rules engine to automatically process accounts or require explanations for differences

  • Both options are correct

Explanation

Question 6 of 16

1

Which of the following is NOT part of the configuration settings?

Select one of the following:

  • Periods

  • Language

  • System Settings

  • Currency

Explanation

Question 7 of 16

1

How many levels of reviewers can there be in a reconciliation?

Select one of the following:

  • 7

  • 15

  • 5

  • 10

Explanation

Question 8 of 16

1

What are the typical frequencies that are set up in the system attributes?

Select one of the following:

  • Monthly and Daily

  • Daily, Monthly, Annually

  • Quarterly and Annually

  • Monthly and Quarterly

Explanation

Question 9 of 16

1

What of the following is not one of the five golden balancing rules?

Select one of the following:

  • Matched - Both before and after

  • Matched - all after

  • Unmatched - on or Before

  • Matched - All on or before

  • Unmatched - after

  • Unmatched - All

Explanation

Question 10 of 16

1

The Auto Approve Reconciliation rule can be defined both at the profile and the format level.

Select one of the following:

  • True
  • False

Explanation

Question 11 of 16

1

The transaction Matching process repeats each time new data becomes available and ends when all possible matches have been created.

Select one of the following:

  • True
  • False

Explanation

Question 12 of 16

1

Which item is NOT one of the key concepts with match types?

Select one of the following:

  • It defines the structure of data coming from data sources for matching.

  • It can be created by a service administrator or power user.

  • It is assigned to reconciliations.

  • It determines how the transaction matching will happen.

Explanation

Question 13 of 16

1

What are the common format and profile rules?

Select one of the following:

  • Prevent transaction save, require attachment, delete reviewer

  • Auto Delete, Auto save, Auto Approve

  • Auto approval, auto submit, prevent approval, prevent submit, require attachment, prevent rejection, send email

  • Auto submit, Auto Approval, auto rejection, auto cancel, auto update, reject email

Explanation

Question 14 of 16

1

When doing an epmautomate load, which syntax is correct?

Select one of the following:

  • Epmautomate importpremappedbalances "april 2021" premapped.csv SCR Functional

  • epmautomate importPreMappedBalances "Apr 2021" Premapped.csv SRC Functional

  • epmautomate ImportPreMappedBalance "Apr 2021" Premapped.csv SRC Functional

Explanation

Question 15 of 16

1

How many transactions can be imported into one file?

Select one of the following:

  • 10 million

  • 100 thousand

  • 1.5 million

  • 1 million

Explanation

Question 16 of 16

1

Balances are imported using replace mode; meaning if a balance is imported for the same reconciliation and the same calendar date, the new balance will NOT overwrite the old balance.

Select one of the following:

  • True
  • False

Explanation

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