FI/CO Academy Review Page 10 of 16 29. Which of the following is correct regarding reason codes?

More than one answer is correct; mark true or false. a Reason codes can be configured to point to automatic charge-off accounts. T b Can automatically generate letters based on reason code. T c Is independent of credit management. F d Are exclusively used for partial payments and residual items. F e Can extend the customer discount to an unapplied account if within tolerance. F 30. Which of the following is correct regarding exchange rate differences? More than one answer is correct; mark true or false. a Exchange rate differences are only recognized at the completion of a transaction. T b Users can choose the difference account manually. F c Can be differentiated by account, currency, and currency type T d Are posted directly to the reconciliation account in question. F e Are considered realized at the time of month end reporting. F 31. Which of the following statements is correct? More than one answer is correct; mark true or false. a Reconciliation ledger keeps track of cross company code cost allocations X b Reconciliation ledger keeps track of cross business area cost allocations X c Based on postings in the reconciliation ledger you may create General Ledger accounting entries to balance FI with CO X d Reconciliation ledger keeps track of Profit Center postings across company codes e Reconciliation postings use inter-company accounts to bring FI in balance for cross company code cost allocations X