Pass Oracle Oracle Account Reconciliation 2022 Implementation Professional Exam in First Attempt Guaranteed Updated Dump from Test4Sure!
Pass 1z0-1087-22 Exam with 80 Questions - Verified By Test4Sure
NEW QUESTION 26
Which is NOT an attribute type for reconciliation compliance attributes?
- A. Location
- B. Number
- C. Yes/No
- D. True/False
Answer: A
NEW QUESTION 27
Which statement is FALSE of teams?
- A. Teams are assigned to profiles on the Workflow tab.
- B. A team can have another team as a member.
- C. Teams can be assigned a primary user.
- D. A user can belong to more than one team.
Answer: A
NEW QUESTION 28
Which two statements are true about match types with Pending status?
- A. You can edit the data sources attributes.
- B. You can load data to Pending reconciliations for the match type.
- C. You cannot edit the matching rules.
- D. You can perform matching on reconciliations for the match type.
Answer: B,D
NEW QUESTION 29
For which scenario could a match type with a single data source be appropriate?
- A. matching bank and point-of-sale transactions
- B. variance analysis for current and prior period balances
- C. intercompany matching
- D. matching credits and debits for a clearing account
Answer: D
NEW QUESTION 30
When can you run auto-matching for a transaction matching reconciliation?
- A. after you load transactions to the reconciliation data sources
- B. after the reconciliation status changes to Open With Preparer
- C. after the period end date is reached
- D. after the reconciliation meets its start date
Answer: A
NEW QUESTION 31
Which statement about rules is FALSE?
- A. You can use a saved filter as the condition in a rule.
- B. A profile can have a maximum of three rules.
- C. A rule can set a reconciliation attribute to a specified value when the rule conditions are met.
- D. Profiles inherit rules from their formats.
Answer: B
NEW QUESTION 32
Which two statements are correct about deleting reconciliations? (Choose two.)
- A. Only a Service Administrator or a Power User can delete a reconciliation.
- B. Only the preparer of the reconciliation can delete the reconciliation.
- C. The reconciliation status must be Pending.
- D. The balances loaded for a period are not deleted when the reconciliation is deleted.
Answer: B,D
NEW QUESTION 33
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?
- A. Auto Submit
- B. Suggested
- C. Auto Approve
- D. Confirmed
Answer: C
NEW QUESTION 34
The objects within the match type refer to data sources, the data source attributes, the match processes, the rules, and the rule conditions. Which statement is FALSE about importing a match type with the same name as an existing match type?
- A. New objects are created in the system from the objects in the import file if they do not exist.
- B. Objects that exist in the system but not in the import file are deleted.
- C. Objects from the import file overwrite objects with the same name in the system.
- D. Objects with the same name in the system as in the import file are not updated.
Answer: B
NEW QUESTION 35
Which two statements are true about importing and exporting match types? (Choose two.)
- A. Match types are exported to a .zip folder.
- B. Import can update match types with Approved status only.
- C. Match types are exported to comma-separated (CSV) files.
- D. Import can update match types with Pending status only.
Answer: C,D
NEW QUESTION 36
Which two rule types are available in profiles? (Choose two.)
- A. Delete Reconciliation
- B. Flag As Needs Attention
- C. Require Reconciliation Attachment
- D. Copy Transactions from Prior Reconciliation
- E. Auto Approve Reconciliation
Answer: D,E
NEW QUESTION 37
Which two are auto-reconciliation methods? (Choose two.)
- A. Balance Match (%tolerance)
- B. No Data
- C. Balance has not changed
- D. Balance is zero and no activity
Answer: A,D
NEW QUESTION 38
Which statement about manual matching in transaction matching is FALSE?
- A. You must be a power user or service administrator to create manual matches.
- B. You can manually match transactions only if the amounts are within the tolerance.
- C. Transactions for which auto-matching rules did not find matches can be manually matched.
- D. You can create adjustments to balance a match set.
Answer: B
NEW QUESTION 39
You want the holidays to be skipped when scheduling due dates for reconciliations for an organizational unit. What should you do?
- A. Create a calendar and assign it to the organizational unit.
- B. Create a holiday rule and assign it to the organizational unit.
- C. Edit the due date in the reconciliations for the organizational unit.
- D. Add a rule to the Rules tab of the profiles for the reconciliations.
Answer: B
NEW QUESTION 40
Which property of profiles is set automatically when you select the format for the profile?
- A. Method
- B. Normal Balance
- C. Account Type
- D. Process
Answer: C
NEW QUESTION 41
To which do you assign default currencies?
- A. formats
- B. account ids
- C. currency buckets
- D. organizational units
Answer: C
NEW QUESTION 42
When would you use the Variance Analysis reconciliation method?
- A. To explain the difference in balances within the same account over different periods.
- B. To reconcile the same balance across general ledgers that follow different governing rules.
- C. To explain the difference in balances from the standards set by an organization in its budget.
- D. To justify each detail line of the total balance for the period.
Answer: B
NEW QUESTION 43
Which two attribute types are required for each data source? (Choose two.)
- A. Calculation
- B. Balancing Attribute
- C. Accounting Date
- D. Key Field
Answer: B,C
NEW QUESTION 44
You are using EPM Automate commands to automate data load to Account Reconciliation.
In which scenario should you use EPM Automate to load the data through Data Management rather than directly into Account Reconciliation?
- A. You are loading more than 1000 transactions.
- B. You want to import one concatenated field from the source file, rather than two separate fields.
- C. Your data includes fields with blank values.
- D. You are loading data to the Reporting currency bucket.
Answer: D
NEW QUESTION 45
When a user requests that responsibility for a reconciliation be reassigned to John, who is another regular user, John should be able to approve the request.
How can this be configured?
- A. On the Reassignment Requests tab in System Settings, in the Allow Reassignment Request Approval By option, select Users.
- B. Add John to the Reassignment Approvers security group.
- C. In his User Preferences, John should select the Approve Reassignments option.
- D. On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.
Answer: A
NEW QUESTION 46
Which expression do you include in the Expression field of the Amount column in an import format to ensure that zero balances are loaded?
- A. Source system
- B. Include Null
- C. 0
- D. NZP
Answer: D
NEW QUESTION 47
Which is required for a valid profile?
- A. at least one rule
- B. at least one currency bucket
- C. at least one level of review
- D. at least one Question:
Answer: B
NEW QUESTION 48
Which reconciliation method is appropriate for a prepaid insurance reconciliation that explains the current month balance?
- A. Variance Analysis
- B. Account Analysis
- C. Transaction Matching
- D. Balance Comparison
Answer: D
NEW QUESTION 49
Which is NOT a step in the process for reconciliation compliance?
- A. execute automation like Automatic Recon and Rules
- B. prepare reconciliations
- C. confirm suggested matches
- D. load balances
Answer: C
NEW QUESTION 50
Which is true when you reopen a reconciliation?
- A. It reopens to the last reviewer.
- B. It reopens to the preparer.
- C. You select the role to which it reopens to.
- D. It reopens to the service administrator.
Answer: A
NEW QUESTION 51
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