Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation method?
A. They display in both the Reconciliations list and the Matching list.
B. They do not participate in period-end compliance workflow.
C. They do not need to be created for periods.
D. You must create profiles for them.
|
Download Printable PDF. VALID exam to help you PASS. |
 |
Answer is B
Reconciliations using the Transaction Matching Only reconciliation method can participate in period-end compliance workflow, just like any other type of reconciliation. The purpose of this reconciliation method is to match transactions between two sources, and the results of this reconciliation can be used for period-end reporting and compliance purposes. However, the specifics of how this reconciliation method participates in the compliance workflow may vary depending on the system and configuration in use.
A