ARCS

Question 1

Question

Part 2: Which cards (icons) of the Home page can be used to delete a sample or test application that consists of artifacts and data? (Choose two)

Answer

Tools
Migration
Application
Worklist

Question 2

Question

Part 2: You can access Reconciliations using which cards (icons) on the Home Page? (Choose three)

Answer

Worklists
Dashboard
Reconciliations
Academy
Application

Question 3

Question

Part 2: Which card (icon) on the Home page displays a list of the period-end reconciliations and status?

Answer

Reconciliation
Worklist
Matching
Dashboard

Question 4

Question

Part 2: You can access training overview videos and tutorials using which option?

Answer

Configuration
Tools
Application
Academy

Question 5

Question

Part 2: If all the selected columns of the Reconciliation page are not getting displayed, which option can you use to ensure that they do?

Answer

Compact
Shrink
Fit to Screen
Adjust

Question 6

Question

Part 2: Which link in the Application card on Home page allows a Service Administrator to keep the size of the database in check and help performance by using archive, restore, and purge functionality?

Answer

Configuration
Period
Match Type
Profile
Archive

Question 7

Question

Part 3: Which are the available options that you can set while allocating an existing reconciliation task to a new user? (Choose three)

Answer

Grace Period
Duration
End Date
Backup User
Start Date

Question 8

Question

Part 3: In your general ledger account there are certain transactions where the value of the transaction changes from one period to the next. While creating a new transaction which option allows you control this behavior?

Answer

Impact
Amortizing or Accreting
Adjustments to General Ledger
Other Adjustments

Question 9

Question

Part 3: Which option in Action drop down list allows you to allocate new owner of already assigned Reconciliation task?

Answer

Set Attribute
Generate Report Binder
Add/Set User
Run Rules

Question 10

Question

Part 3: What is the default view of the Reconciliation screen?

Answer

Group View
Compact View
Chart View
List View

Question 11

Question

Part 3: What is the default status of a reconciliation that you create

Answer

Created
Pending
Active
Open

Question 12

Question

Part 3: Which methods can you use to prepare reconciliations? (Choose three)

Answer

Period Analysis
Frequency Comparison
Variance Analysis
Account Analysis
Balance Comparison

Question 13

Question

Part 4: What format will you choose when creating a Cash Reconciliation type Profile?

Answer

Bank Reconciliation
Accruals
Current Assets
Intangibles

Question 14

Question

Part 4: Which component drives the level at which we are going to get balances from ERP

Answer

Block
Extent
Segment
Unit

Question 15

Question

Part 4: What are the different ways to create a profile? (Choose two)

Answer

You can create a profile only as a Requester
You can create a profile using Profile link in the Application card
You can Import only one profile at a time from a .csv file
You can create a Profile based on another Profile

Question 16

Question

Part 4: Which values are mandatory for creating a profile? (Choose two)

Answer

Process
Name
Account Id
Organizational Unit

Question 17

Question

Part 4: How many segments are required if a customer says its users are going to perform reconciliation at legal entity and account level

Answer

Question 18

Question

Part 4: Profiles can be created as a part of which process? (Choose three)

Answer

Balance Sheet
Variance Analysis
Normal Balance
Risk Rating
Consolidation Check

Question 19

Question

Part 4: In which tab you provide the Prepare and Reviewer details in the New Profile pop-up box?

Answer

Attributes
Properties
Instructions
Workflow

Question 20

Question

Part 5: Which are the allowed delimiters for a Pre-Mapped Balance file from which you want to load data manually? (Choose two)

Answer

Period (.)
Comma (,)
Tab
Semicolon (;)

Question 21

Question

Part 5: Which of the following type of data can you load in Account Reconciliation Cloud using Data Management? (Choose two)

Answer

Reconciliation Compliance Transactions (Test File Load)
Exchange Rates (Text File Load)
GL Balances (Text File Load)
Subledger Balances (Text File Load)

Question 22

Question

Part 5: You need to load data to ARCS but the input file is not in proper format for input. Which method can you use? (Choose two)

Answer

Pre-mapped EPM Automate direct to ARCS
EPM Automate direct to Data Management, then to ARCS
API call direct to Data Management, then to ARCS

Question 23

Question

Part 5: In which status of Periods can you create new reconciliations?

Answer

Open, and Locked only
Open, and Closed only
Open, Closed, and Locked
Open only

Question 24

Question

Part 5: From which card in Applications you can load data to ARCS

Answer

Match Types
Services
Profiles
Periods

Question 25

Question

Part 5: When using Data Management to load data to ARCS what is the minimum data that you need? (Choose three)

Answer

Amount
Company
Profile
Source Type
Account

Question 26

Question

Part 6: What should be the rule type if you want to change your risk grading from MEDIUM to HIGH if the Balance variance for the last month is more than 2000000?

Answer

Set Attribute Value
Require Reconciliation Attachment
Prevent Reconciliation Submission
Send Email on update

Question 27

Question

Part 6: Which function ensures that the numeric result is never a negative value

Answer

CEIL
GROUND
TRANSLATE
ABS

Question 28

Question

Part 6: Which of the COnfiguration screen allows you to create Rules

Answer

Formats
Filter
Data Set
Attribute

Question 29

Question

Part 6: Which link in Navigator allows you to create Calculated Attributes?

Answer

Configuration
Profile
Access Control
Services

Question 30

Question

Part 6: You want to create a Number type Custom Attribute to store a Percentage Variance value. Which property of the the New Custom Attribute pop up box will allow you to do so?

Answer

Negative Number
Decimal Places
Thousands Separator
Display as Percentage

Question 31

Question

Part 6: Which Type of Custom Attributes can you create? (Choose three)

Answer

Binary Large Object
Multi Line Text
Date
Clustered tables
List

Question 32

Question

Part 6: What are the different types of Filters that you can create? (Choose three)

Answer

Balance
Profile
Transaction
Reconciliation
List

Question 33

Question

Part 1: For which two will make use of Account Explanation format? (Choose two)

Answer

Inventory
Accurals
Intercompany
Prepaid

Question 34

Question

Part 1: Which statements are true for Transaction Matching (TM)? (Choose two)

Answer

This functionality is provided as an optional feature for Account Reconciliation Cloud
TM is used when the recon is performed on lower volume non-complex reconciliations
TM reconciliation takes lesser time than non-TM reconciliation
It can also be used for non-balance sheet reconciliations

Question 35

Question

Part 1: Which term is used for time periods that you define to age your reconciliation transactions in the Aging Analysis Dashboard?

Answer

Aging Buckets
Profiles
Periods
Reconciliations

Question 36

Question

Part 1: What form does AR validation take?

Answer

Compare GL to Subledger and analyze aging of receivables
Compare GL to Subledger
Compare GL/Bank Balance
Compare GL to Subledger and perform a rollforward

Question 37

Question

Part 1: Which type of validation must you perform to Compare GL to Subledger and perform a rollforward

Answer

Fixed Assets
Cash
AP
AR

Question 38

Question

Part 1: Which functionalities are available from Aging Analysis Dashboard? (Choose two)

Answer

View Real-time list
Age out all Transactions
Modify Aging Buckets
View Active Reconciliations

Question 39

Question

Part 7: During setup of a Transaction Matching what are the default Transaction Types option available for an administrator to choose from? (Choose two)

Answer

Rebalance type
Adjustment type
Consolidate type
Support type

Question 40

Question

Part 7: Which statement is true about Data Source? (Choose two)

Answer

You are required to set up two fields at minimum for each Data Source: Amount and Date
For a Data Source, "attributes" defines the row of data that will be imported
There is no limit to the number of data sources you may add
Administrators can allow users to delete transactions only for Data Source that are already loaded

Question 41

Question

Part 7: For which rule types you might need to match an amount with a subset of all transactions in order to match correctly? (Choose two)

Answer

1 to Many
Many to Many
1 to 1
Many to 1

Question 42

Question

Part 7: Which statements are true? (Choose two)

Answer

Companies can have match types for Account Payable, Account Receivable and Bank Accounts only
One Match Type can be used by only on Reconciliation
Once a Match Type is in Approved status it cannot be edited
When a Match Type is created its status is Pending

Question 43

Question

Part 7: What can you create to limit the dates for which reconciliation snapshots can be created?

Answer

Period
Frequency
TimeFrame
Calendar

Question 44

Question

Part 7: The EPM Automate Utility can be used to load pre-mapped data directly into Account Reconciliation Cloud for which types of data? (Choose two)

Answer

Transaction Matching Transactions
Reconciliation Compliance Transactions (Text File Load)
ERP Data - GL Balances from Oracle Financials Cloud
Transaction Matching BAI (Bank file) Format (Text File Load)

	Created by Ben Spaulding over 3 years ago

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