Pre-Winter Special - Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: top65certs

Oracle 1z0-1087-23 Dumps

Page: 1 / 6
Total 79 questions

Oracle Account Reconciliation 2023 Implementation Essentials Questions and Answers

Question 1

Which statement is FALSE regarding user-defined attributes?

Options:

A.

You can no longer add/edit attributes after reconciliations are created.

B.

They can be added to formats, profiles, and transactions.

C.

They can include calculated values.

D.

You can assign access to attributes by user role.

Buy Now
Question 2

What happens when you load balances to a reconciliation with the status Closed or Open With Reviewer and the balance is different than what was already Certified?

Options:

A.

The status reverts to Pending.

B.

The import fails.

C.

The status reverts to Open with Preparer.

D.

The status is unchanged but a notification is sent to the related users.

Question 3

Which statement is true about saved filters?

Options:

A.

Any user can publish a saved filter that they created.

B.

Saved Filters are public by default.

C.

Only power users and service administrators can publish filters.

D.

Only service administrators can publish filters.

Question 4

Which is true when you reopen a reconciliation?

Options:

A.

It reopens to the service administrator.

B.

It reopens to the last reviewer.

C.

You select the role to which it reopens to.

D.

It reopens to the preparer.

Question 5

Where do you navigate to configure power users access to profiles?

Options:

A.

under Application, select Configuration, and then System Settings

B.

under Tools, select Access Control, then Power User Security

C.

under Application, select Configuration, and then Profile Segments

D.

under Application, select Profiles

Question 6

You are creating a matching rule, and you want transactions that are within the specified tolerance range to be matched automatically, with no need for further user review.

Which option should you choose for the Match Status?

Options:

A.

Suggested

B.

Auto Approve

C.

Auto Submit

D.

Confirmed

Question 7

When would you use the Variance Analysis reconciliation method?

Options:

A.

To explain the difference in balances within the same account over different periods.

B.

To explain the difference in balances from the standards set by an organization in its budget.

C.

To reconcile the same balance across general ledgers that follow different governing rules.

D.

To justify each detail line of the total balance for the period.

Question 8

Which rule runs during the post-processing of data loads?

Options:

A.

Send Email On Update

B.

Create Reconciliations

C.

Copy Transactions

D.

Auto Match Transactions

E.

Auto Submit Reconciliation

Question 9

What results if you load balances using Data Management to a period to which you previously imported pre- mapped balances?

Options:

A.

The Data Management data load fails.

B.

You are prompted whether to overwrite the pre-mapped balances.

C.

The balances loaded through Data Management overwrite the pre-mapped balances.

D.

The reconciliation takes the balances loaded through Data Management and the pre-mapped balance load, and totals them.

Question 10

Which two auto-reconciliation methods for reconciliations use the Account Analysis format?

Options:

A.

Unexplained difference is zero

B.

Balance is zero

C.

Zero activity

D.

Balance is normal

E.

No transactions

Question 11

How can you configure a profile for reconciliation compliance to show the variance between a current period balance and a prior period balance in a separate workflow from the reconciliation?

Options:

A.

On the currency tab, enable a currency bucket for that prior period balance.

B.

Add a rule to the Rules tab.

C.

Select a format with the Variance Analysis reconciliation method for the profile.

D.

Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.

Question 12

Which transaction matching method is used to match the transactions between two systems if period-end reconciliation is not the objective?

Options:

A.

Transaction Matching Only

B.

Variance Analysis with Transaction Matching

C.

Balance Comparison with Transaction Matching

D.

Account Analysis with Transaction Matching

Question 13

Which two tasks can be performed using EPM Automate?

Options:

A.

Set period status.

B.

Export journals.

C.

Import match types.

D.

Load pre-mapped balances.

Question 14

Which two attribute types are required for each data source? (Choose two.)

Options:

A.

Key Field

B.

Accounting Date

C.

Calculation

D.

Balancing Attribute

Question 15

Which two statements are true about reconciliation compliance filters?

Options:

A.

They can control the records that you see in the list views.

B.

They can be used by the rules engine.

C.

They allow you to save columns to view records on the screen.

D.

You can apply them against unmatched transactions.

Question 16

Where can a service administrator navigate to view, by user, how many reconciliations were completed on time, how many are late, and how many were rejected?

Options:

A.

Reconciliations List

B.

Overview Dashboard

C.

Compliance Dashboard

D.

Worklist

Question 17

To which do you assign default currencies?

Options:

A.

currency buckets

B.

account ids

C.

organizational units

D.

formats

Question 18

Which two are properties of the organizational unit? (Choose two.)

Options:

A.

work days

B.

calendar

C.

language

D.

tax jurisdiction

Question 19

The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which two are possible explanations? (Choose two.)

Options:

A.

Currency exchanges rates are out of date.

B.

Journal adjustments created were not posted.

C.

You do not have security access to all the transactions.

D.

The data load for transactions was incomplete.

Question 20

Which statement regarding user-defined attributes is FALSE?

Options:

A.

You can assign access by user role.

B.

They can include calculated values.

C.

They can be assigned default value.

D.

You can no longer add/edit attributes after reconciliations are created.

Question 21

In the Balance Explanations tab of the Prepaid Expenses reconciliation, you want to include the transactions and attachments from the prior period in the current period.

Which action should you perform?

Options:

A.

In the Balance Explanations tab of the current period reconciliation, select ‘Copy Transactions from Prior Reconciliation’.

B.

In the profile for Prepaid Expenses reconciliations, select ‘Include Prior Period Transactions’.

C.

In the Reconciliations list, copy the reconciliation from the prior period and paste it into the current period.

D.

Export the transactions from the prior period reconciliation and then import them to the current period reconciliation.

Question 22

Which two are tasks that can be performed using EPM Automate? (Choose two.)

Options:

A.

set period status

B.

import premapped data

C.

export balances

D.

export journals

Page: 1 / 6
Total 79 questions