What is an 'ICMR Worklist'?

• A. A summary of quarterly financial performance
• B. A list of transactions that require attention
• C. A report on employee activities
• D. A list of completed reconciliations

Answer: (B)

An 'ICMR Worklist' is specifically designed as a list of transactions that require attention in the context of intercompany matching and reconciliation processes. This worklist serves as a critical tool for accounting teams, enabling them to efficiently identify discrepancies, pending items, or transactions that need resolution before finalizing financial statements. By focusing on transactions that require action, the worklist helps ensure that intercompany balances are properly reconciled, thus facilitating accurate financial reporting.

This function is essential in streamlining the reconciliation process, as it allows users to prioritize their efforts on items that may impact overall financial accuracy. The ability to track and manage outstanding transactions directly on the ICMR Worklist enhances visibility and accountability in intercompany transactions.