Bank Integration Continuity Controls Quiz
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Questions and Answers

In the Bank/cash balance variance report, what is the source of the bank statement balance?

  • Final balance calculated based on the ledger of cash flows (correct)
  • Final balance integrated in the Bank Statements module
  • Bank ledger balance
  • Final balance read in bank statement files stored in the HUB

    • In the Bank/cash balance variance report, what is the source of the bank ledger balance?

  • Final balance calculated based on the ledger of cash flows (correct)
  • Final balance integrated in the Bank Statements module
  • Final balance read in bank statement files stored in the HUB
  • Bank statement balance

    • Which of the following statements is true regarding the Cash Position Worksheet (CPW)?

  • The CPW only includes bank transactions (correct)
  • The CPW is used to check if all bank statements have been received, integrated, and reconciled
  • The CPW includes both bank and cash transactions
  • The CPW is used to check if there is any variance between bank and cash

    • Which of the following should be done as the first step before looking at the Cash Position Worksheet (CPW)?

    <p>Check if all bank statements have been received, integrated, and reconciled</p> Signup and view all the answers

    Which of the following functions can be used to check if there is any variance between bank and cash?

    <p>All of the above</p> Signup and view all the answers

    Which of the following statements is true regarding the Cash Position balance?

    <p>The Cash Position balance reflects the final balance calculated based on the ledger of cash flows</p> Signup and view all the answers

    What is the purpose of the 'view bank integration continuity controls' flow?

    <p>To check the accuracy of integrated bank statements</p> Signup and view all the answers

    If the statement identifier in the bank statement does not match the one expected by the system, what happens?

    <p>The bank statement is rejected and not integrated</p> Signup and view all the answers

    Which report should be used to verify the status of bank statement integration?

    <p>Bank connectivity cockpit</p> Signup and view all the answers

    What process is responsible for integrating bank statement files into the application?

    <p>Bank integration process (AUTOINTEG)</p> Signup and view all the answers

    In the context of rejected transactions, what does the action 'force the integration' mean?

    <p>It allows overriding the system's checks and integrating the rejected transactions</p> Signup and view all the answers

    Which of the following is NOT a required setup for generating Interco interest statements?

    <p>Company interco relationship</p> Signup and view all the answers

    How can withholding tax on Interco interest be calculated?

    <p>Using the Automatic balancing transfer process</p> Signup and view all the answers

    Is the following statement true or false? 'The Cash reconciliation term's Creation method is used when the transaction has not been forecasted.'

    <p>False</p> Signup and view all the answers

    According to Kyriba's recommended interco account naming convention, which of the following is NOT included?

    <p>Reconciliation codes</p> Signup and view all the answers

    What process can be used to copy cash flows?

    <p>The Batch modification process</p> Signup and view all the answers

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