Ben Spaulding
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Quiz on ARCS, created by Ben Spaulding on 25/01/2021.

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ARCS

Question 1 of 44

1

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)

Select one or more of the following:

  • Tools

  • Migration

  • Application

  • Worklist

Explanation

Question 2 of 44

1

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

Select one or more of the following:

  • Worklists

  • Dashboard

  • Reconciliations

  • Academy

  • Application

Explanation

Question 3 of 44

1

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

Select one or more of the following:

  • Reconciliation

  • Worklist

  • Matching

  • Dashboard

Explanation

Question 4 of 44

1

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

Select one or more of the following:

  • Configuration

  • Tools

  • Application

  • Academy

Explanation

Question 5 of 44

1

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?

Select one or more of the following:

  • Compact

  • Shrink

  • Fit to Screen

  • Adjust

Explanation

Question 6 of 44

1

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?

Select one or more of the following:

  • Configuration

  • Period

  • Match Type

  • Profile

  • Archive

Explanation

Question 7 of 44

1

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

Select one or more of the following:

  • Grace Period

  • Duration

  • End Date

  • Backup User

  • Start Date

Explanation

Question 8 of 44

1

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?

Select one or more of the following:

  • Impact

  • Amortizing or Accreting

  • Adjustments to General Ledger

  • Other Adjustments

Explanation

Question 9 of 44

1

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

Select one or more of the following:

  • Set Attribute

  • Generate Report Binder

  • Add/Set User

  • Run Rules

Explanation

Question 10 of 44

1

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

Select one or more of the following:

  • Group View

  • Compact View

  • Chart View

  • List View

Explanation

Question 11 of 44

1

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

Select one or more of the following:

  • Created

  • Pending

  • Active

  • Open

Explanation

Question 12 of 44

1

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

Select one or more of the following:

  • Period Analysis

  • Frequency Comparison

  • Variance Analysis

  • Account Analysis

  • Balance Comparison

Explanation

Question 13 of 44

1

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

Select one or more of the following:

  • Bank Reconciliation

  • Accruals

  • Current Assets

  • Intangibles

Explanation

Question 14 of 44

1

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

Select one or more of the following:

  • Block

  • Extent

  • Segment

  • Unit

Explanation

Question 15 of 44

1

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

Select one or more of the following:

  • 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

Explanation

Question 16 of 44

1

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

Select one or more of the following:

  • Process

  • Name

  • Account Id

  • Organizational Unit

Explanation

Question 17 of 44

1

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

Select one or more of the following:

  • 1

  • 2

  • 3

  • 4

Explanation

Question 18 of 44

1

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

Select one or more of the following:

  • Balance Sheet

  • Variance Analysis

  • Normal Balance

  • Risk Rating

  • Consolidation Check

Explanation

Question 19 of 44

1

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

Select one or more of the following:

  • Attributes

  • Properties

  • Instructions

  • Workflow

Explanation

Question 20 of 44

1

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

Select one or more of the following:

  • Period (.)

  • Comma (,)

  • Tab

  • Semicolon (;)

Explanation

Question 21 of 44

1

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

Select one or more of the following:

  • Reconciliation Compliance Transactions (Test File Load)

  • Exchange Rates (Text File Load)

  • GL Balances (Text File Load)

  • Subledger Balances (Text File Load)

Explanation

Question 22 of 44

1

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)

Select one or more of the following:

  • 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

Explanation

Question 23 of 44

1

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

Select one or more of the following:

  • Open, and Locked only

  • Open, and Closed only

  • Open, Closed, and Locked

  • Open only

Explanation

Question 24 of 44

1

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

Select one or more of the following:

  • Match Types

  • Services

  • Profiles

  • Periods

Explanation

Question 25 of 44

1

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

Select one or more of the following:

  • Amount

  • Company

  • Profile

  • Source Type

  • Account

Explanation

Question 26 of 44

1

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?

Select one or more of the following:

  • Set Attribute Value

  • Require Reconciliation Attachment

  • Prevent Reconciliation Submission

  • Send Email on update

Explanation

Question 27 of 44

1

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

Select one or more of the following:

  • CEIL

  • GROUND

  • TRANSLATE

  • ABS

Explanation

Question 28 of 44

1

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

Select one or more of the following:

  • Formats

  • Filter

  • Data Set

  • Attribute

Explanation

Question 29 of 44

1

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

Select one or more of the following:

  • Configuration

  • Profile

  • Access Control

  • Services

Explanation

Question 30 of 44

1

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?

Select one or more of the following:

  • Negative Number

  • Decimal Places

  • Thousands Separator

  • Display as Percentage

Explanation

Question 31 of 44

1

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

Select one or more of the following:

  • Binary Large Object

  • Multi Line Text

  • Date

  • Clustered tables

  • List

Explanation

Question 32 of 44

1

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

Select one or more of the following:

  • Balance

  • Profile

  • Transaction

  • Reconciliation

  • List

Explanation

Question 33 of 44

1

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

Select one or more of the following:

  • Inventory

  • Accurals

  • Intercompany

  • Prepaid

Explanation

Question 34 of 44

1

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

Select one or more of the following:

  • 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

Explanation

Question 35 of 44

1

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

Select one or more of the following:

  • Aging Buckets

  • Profiles

  • Periods

  • Reconciliations

Explanation

Question 36 of 44

1

Part 1: What form does AR validation take?

Select one or more of the following:

  • 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

Explanation

Question 37 of 44

1

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

Select one or more of the following:

  • Fixed Assets

  • Cash

  • AP

  • AR

Explanation

Question 38 of 44

1

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

Select one or more of the following:

  • View Real-time list

  • Age out all Transactions

  • Modify Aging Buckets

  • View Active Reconciliations

Explanation

Question 39 of 44

1

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

Select one or more of the following:

  • Rebalance type

  • Adjustment type

  • Consolidate type

  • Support type

Explanation

Question 40 of 44

1

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

Select one or more of the following:

  • 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

Explanation

Question 41 of 44

1

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)

Select one or more of the following:

  • 1 to Many

  • Many to Many

  • 1 to 1

  • Many to 1

Explanation

Question 42 of 44

1

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

Select one or more of the following:

  • 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

Explanation

Question 43 of 44

1

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

Select one or more of the following:

  • Period

  • Frequency

  • TimeFrame

  • Calendar

Explanation

Question 44 of 44

1

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)

Select one or more of the following:

  • 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)

Explanation

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