What are the possible user roles for ARCS:
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
What are the typical accounts in the general ledger?
Investments, Raw Materials, Purchasing, Equity
Cash, Finished Goods Sales, Assets, Expense
Assets, Equity, Revenue, Expense, Liabilities
Liabilities, Purchasing, Inventory, Expense
What is Reconciliation?
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
Which card is only available to Administrators?
Configuration
Alerts
Application
Tools
What is Variance Analysis?
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
Which of the following is NOT part of the configuration settings?
Periods
Language
System Settings
Currency
How many levels of reviewers can there be in a reconciliation?
7
15
5
10
What are the typical frequencies that are set up in the system attributes?
Monthly and Daily
Daily, Monthly, Annually
Quarterly and Annually
Monthly and Quarterly
What of the following is not one of the five golden balancing rules?
Matched - Both before and after
Matched - all after
Unmatched - on or Before
Matched - All on or before
Unmatched - after
Unmatched - All
The Auto Approve Reconciliation rule can be defined both at the profile and the format level.
The transaction Matching process repeats each time new data becomes available and ends when all possible matches have been created.
Which item is NOT one of the key concepts with match types?
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.
What are the common format and profile rules?
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
When doing an epmautomate load, which syntax is correct?
Epmautomate importpremappedbalances "april 2021" premapped.csv SCR Functional
epmautomate importPreMappedBalances "Apr 2021" Premapped.csv SRC Functional
epmautomate ImportPreMappedBalance "Apr 2021" Premapped.csv SRC Functional
How many transactions can be imported into one file?
10 million
100 thousand
1.5 million
1 million
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.
