Which three steps are completed during Financial Close?
A.
Production of final reports
B.
Payment of outstanding invoices
C.
Mass reconciliation of open accounts
D.
Wrap up of items tracked throughout the project
E.
Vendor selection
Explanation:
Á: Example: Run Invoice On Hold Report
B: Clear outstanding invoices
Note:
* helps manage all financial close cycle tasks, including ledger and sub-ledger close, data loading and
mapping, financial consolidation, account reconciliation (C) , tax/treasury and internal and external
reporting processes – any task associated with the extended financial close.