Reconciliation Assessment Copy

1.) Cash reconciliation is another name for ________ reconciliation.

1.) For ________ trades, your system will generate ledger debit entries and statement debit entries.

3.) Mutual funds are exposed to _________ that ensures accountability and fairness to investors.

4.) For a/an ________trade, you will receive ledger credit and statement credit in your system.

5.) The _________at a given moment is determined by the NAV computation.

6.) What the fund owns are the assets. _________are included in this.

7.) The fund’s obligations are its liabilities. ________are included here.

8.) ___________is a process that compares two sets of records to check that figures are in agreement with each other.

9.) SIPOC is an acronym that stands for___________, Inputs, Process, Outputs and Customers.

10.) Reconciliation of ___________is one of the critical operations in every financial institution.