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Latest Oracle 1z0-1087-23 Practice Test Questions, Oracle Account Reconciliation 2023 Implementation Professional Exam Dumps
NEW QUESTION # 35
Where do you navigate to configure power users access to profiles?
- A. under Tools, select Access Control, then Power User Security
- B. under Application, select Profiles
- C. under Application, select Configuration, and then Profile Segments
- D. under Application, select Configuration, and then System Settings
Answer: D
NEW QUESTION # 36
Which statement regarding user-defined attributes is FALSE?
- A. You can assign access by user role.
- B. They can be assigned default value.
- C. You can no longer add/edit attributes after reconciliations are created.
- D. They can include calculated values.
Answer: C
NEW QUESTION # 37
Which is NOT an attribute type for reconciliation compliance attributes?
- A. Number
- B. True/False
- C. Location
- D. Yes/No
Answer: C
NEW QUESTION # 38
A profile's properties have been modified and the changes saved. Which statement is correct?
- A. Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with
the changes. - B. Existing reconciliations that use the profile are updated after approval by a system administrator.
- C. Existing reconciliations with Pending status that use the profile are updated with the changes.
- D. Existing reconciliations that use the profile are not updated.
Answer: A
NEW QUESTION # 39
Which three types of reconciliations are suitable for the Transaction Matching feature? (Choose three.)
- A. accounts with high volumes of data
- B. reconciliations that are typically zero balance accounts with low activity
- C. reconciliations with 2 or more data sources, like a cash or accounts receivable account
- D. reconciliations with a single data source, like a clearing account
- E. reconciliations that have amortizing transactions
Answer: B,C,D
NEW QUESTION # 40
Which statement is FALSE about reconciliations when the period is Closed?
- A. You can load data to reconciliations for the period.
- B. Reviewers can approve reconciliations under review.
- C. Reconciliations with Pending status can start.
- D. Preparers can submit reconciliations with Open status.
Answer: A
NEW QUESTION # 41
Which statement is FALSE about the profile segments?
- A. The profile segments are configured as part of the system attributes,
- B. You cannot change the profile segments after you have loaded profiles.
- C. The profile segments specify the level at which the organization reconcile account balances.
- D. The profile segments control the mapping of balances to reconciliations.
Answer: C
NEW QUESTION # 42
Which two rule types are available in profiles? (Choose two.)
- A. Flag As Needs Attention
- B. Require Reconciliation Attachment
- C. Copy Transactions from Prior Reconciliation
- D. Delete Reconciliation
- E. Auto Approve Reconciliation
Answer: C,E
NEW QUESTION # 43
You want to require that preparers answer a question certifying that they followed the company accounting
policies in preparing the reconciliation.
Where do you add the questions?
- A. to the format
- B. to the reconciliation
- C. to the profile
- D. to the match type
Answer: A
NEW QUESTION # 44
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?
- A. Compliance Dashboard
- B. Reconciliations List
- C. Overview Dashboard
- D. Worklist
Answer: A
NEW QUESTION # 45
Which two tasks can be performed using EPM Automate?
- A. Load pre-mapped balances.
- B. Set period status.
- C. Export journals.
- D. Import match types.
Answer: C,D
NEW QUESTION # 46
Which statement is true about saved filters?
- A. Only power users and service administrators can publish filters.
- B. Any user can publish a saved filter that they created.
- C. Only service administrators can publish filters.
- D. Saved Filters are public by default.
Answer: D
NEW QUESTION # 47
Which two statements are correct about deleting reconciliations? (Choose two.)
- A. Only the preparer of the reconciliation can delete the reconciliation.
- B. The reconciliation status must be Pending.
- C. Only a Service Administrator or a Power User can delete a reconciliation.
- D. The balances loaded for a period are not deleted when the reconciliation is deleted.
Answer: A,D
NEW QUESTION # 48
Which is the minimum user security role required to edit profiles?
- A. Power User
- B. Viewer
- C. Service Administrator
- D. User
Answer: D
NEW QUESTION # 49
When would you use the Variance Analysis reconciliation method?
- A. To explain the difference in balances from the standards set by an organization in its budget.
- B. To explain the difference in balances within the same account over different periods.
- C. To justify each detail line of the total balance for the period.
- D. To reconcile the same balance across general ledgers that follow different governing rules.
Answer: D
NEW QUESTION # 50
Which two statements are true about match types with Pending status?
- A. You can load data to Pending reconciliations for the match type.
- B. You can perform matching on reconciliations for the match type.
- C. You can edit the data sources attributes.
- D. You cannot edit the matching rules.
Answer: A,B
NEW QUESTION # 51
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. 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 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: A
NEW QUESTION # 52
Which statement about manual matching in transaction matching is FALSE?
- A. You can create adjustments to balance a match set.
- B. You can manually match transactions only if the amounts are within the tolerance.
- C. You must be a power user or service administrator to create manual matches.
- D. Transactions for which auto-matching rules did not find matches can be manually matched.
Answer: B
NEW QUESTION # 53
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