AI Month-End Close Automation Quiz

Answers and explanations appear as you take the quiz.

1. A cleaning contractor's invoice has not arrived by month end. What does the guide say an AI accrual suggestion draws on?
   • Received-not-invoiced records and the vendor's recurring monthly pattern
   • The prior year's tax return
   • Customer remittance advice
   • The payroll register only
2. Why should a language model's flux explanation be limited to precomputed facts and transaction IDs?
   • To make the explanation shorter
   • Because a model can write a convincing explanation that the transactions do not support
   • Because auditors do not accept written explanations
   • To avoid using review thresholds
3. Which dependency does the guide use as an example of what close checklist tools track?
   • Consolidation must finish before bank reconciliations
   • Tax returns must be filed before accruals
   • Intercompany reconciliations must finish before consolidation
   • Budgets must be approved before payroll
4. How does the guide suggest measuring the accuracy of AI accrual suggestions?
   • By counting how many accruals were booked
   • By asking the vendor to confirm estimates
   • By comparing to the budget only
   • Through the true-up: comparing each accrual with the actual invoice when it arrives
5. Before a model writes a flux narrative, what decomposition does the guide recommend?
   • Splitting the variance by fiscal year only
   • Converting all amounts to a single currency
   • Separating price from volume effects and one-time from recurring items across vendor, department and account
   • Rounding all balances to thousands
6. According to the guide, who is responsible for AI-proposed journal entries?
   • A preparer and a separate reviewer must still approve them
   • The software vendor
   • No one, if the model confidence is high
   • Only the external auditor
7. Why does the guide recommend logging the model version, edits and approver for AI-assisted close items?
   • To reduce storage costs
   • So reviewers and auditors can re-perform and test the control
   • To train the vendor's public model
   • Because ERPs require it to post entries
8. Why are flux reviews often triggered only when a change exceeds both a percentage and a dollar threshold?
   • Because regulations set those exact thresholds
   • Because language models require two thresholds
   • Because dollar thresholds do not apply to expenses
   • So small accounts with large percentage swings do not flood reviewers