Labour Day Special 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: exams65

Oracle Account Reconciliation 2023 Implementation Professional Question and Answers

Oracle Account Reconciliation 2023 Implementation Professional

Last Update Apr 29, 2024
Total Questions : 79

We are offering FREE 1z0-1087-23 Oracle exam questions. All you do is to just go and sign up. Give your details, prepare 1z0-1087-23 free exam questions and then go for complete pool of Oracle Account Reconciliation 2023 Implementation Professional test questions that will help you more.

1z0-1087-23 pdf

1z0-1087-23 PDF

$35  $99.99
 Add to Cart
1z0-1087-23 Engine

1z0-1087-23 Testing Engine

$42  $119.99
 Add to Cart
1z0-1087-23 PDF + Engine

1z0-1087-23 PDF + Testing Engine

$56  $159.99
 Add to Cart
Questions 1

Which two statements are true about Group reconciliations? (Choose two.)

Options:

A.  

Group reconciliations include other individual reconciliations as children.

B.  

You cannot use Data Management to import balances for group reconciliations.

C.  

The format for the reconciliation must be enabled for Group Reconciliation.

D.  

The Group Detail tab shows data for the group reconciliation sub segments.

E.  

You can import balances into periods as pre-mapped data.

Discussion 0
Questions 2

In a reconciliation profile, the Account Payable Reviewers team is assigned as the reviewer, and you want to require that ALL team members approve the reconciliation.

Which action should you perform?

Options:

A.  

In the Instructions tab of the profile, add instructions for all team members to review the reconciliation.

B.  

On the Workflow tab of the Profile, select All Reviewers in the Require Action By field.

C.  

Add a rule of the type Require Team Review to the Rules tab.

D.  

Do not select a Primary User for the Account Payable Reviewers team.

Discussion 0
Questions 3

What happens to a reconciliation if a team member who prepared the reconciliation is deleted from the team at a later point of time?

Options:

A.  

Changes made by the deleted member are reassigned to the primary member of the team for review and approval,

B.  

The reconciliation is flagged as invalid and needs to be re-created by the administrator.

C.  

Changes made by the deleted member are reverted and the deleted member is removed from the reconciliation as preparer.

D.  

Changes made by the deleted member are kept intact and the deleted member still appears as the original preparer.

Discussion 0
Questions 4

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.

Discussion 0
Questions 5

Which keyword in a Teams import file identifies the section with the team members?

Options:

A.  

#team_children

B.  

#team

C.  

#team_items

D.  

#dependents

Discussion 0
Questions 6

For which scenario could a match type with a single data source be appropriate?

Options:

A.  

matching credits and debits for a clearing account

B.  

intercompany matching

C.  

matching bank and point-of-sale transactions

D.  

variance analysis for current and prior period balances

Discussion 0
Questions 7

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.

Discussion 0
Questions 8

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.

Discussion 0
Questions 9

Which two are auto-reconciliation methods? (Choose two.)

Options:

A.  

Balance Match (%tolerance)

B.  

No Data

C.  

Balance has not changed

D.  

Balance is zero and no activity

Discussion 0
Questions 10

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

Discussion 0
Questions 11

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.

Discussion 0
Questions 12

Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested Matches list? (Choose two.)

Options:

A.  

Select the data source to adjust.

B.  

Select an Adjustment Type.

C.  

Enter an adjustment amount.

D.  

Enter a date for the adjustment.

Discussion 0
Questions 13

Which statement is FALSE about reconciliations when the period is Closed?

Options:

A.  

Preparers can submit reconciliations with Open status.

B.  

Reviewers can approve reconciliations under review.

C.  

Reconciliations with Pending status can start.

D.  

You can load data to reconciliations for the period.

Discussion 0
Questions 14

Which is NOT a step in configuring journals in Transaction Matching?

Options:

A.  

create journal columns

B.  

map journal columns to data source attribute columns

C.  

define data source filters

D.  

create journal templates

Discussion 0
Questions 15

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?

Options:

A.  

Objects that exist in the system but not in the import file are deleted.

B.  

New objects are created in the system from the objects in the import file if they do not exist.

C.  

Objects with the same name in the system as in the import file are not updated.

D.  

Objects from the import file overwrite objects with the same name in the system.

Discussion 0
Questions 16

Which two statements are true about match types with Pending status?

Options:

A.  

You can edit the data sources attributes.

B.  

You can load data to Pending reconciliations for the match type.

C.  

You can perform matching on reconciliations for the match type.

D.  

You cannot edit the matching rules.

Discussion 0
Questions 17

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

Discussion 0
Questions 18

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?

Options:

A.  

In his User Preferences, John should select the Approve Reassignments option.

B.  

Add John to the Reassignment Approvers security group.

C.  

On the Reassignment Requests tab in System Settings, in the Allow Reassignment Request Approval By option, select Users.

D.  

On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.

Discussion 0
Questions 19

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.

Discussion 0
Questions 20

To which do you assign Holiday Rules?

Options:

A.  

profiles

B.  

calendars

C.  

organizational units

D.  

periods

Discussion 0
Questions 21

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

Options:

A.  

work days

B.  

calendar

C.  

language

D.  

tax jurisdiction

Discussion 0
Questions 22

Which statement about loading pre-mapped balances is FALSE?

Options:

A.  

You can drill back to the ERP from the reconciliation screen.

B.  

You must select a currency bucket for the import.

C.  

You must select a period to which to load the balances.

D.  

You can import from either tab separated or comma separated files.

Discussion 0