Practice with 1Z0-1087-21 Dumps for Account Reconciliation Certified Exam Questions & Answer
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Oracle 1Z0-1087-21 Exam Syllabus Topics:
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NEW QUESTION 42
Which statement is FALSE regarding user-defined attributes?
- A. You can no longer add/edit attributes after reconciliations are created.
- B. You can assign access to attributes by user role.
- C. They can be added to formats, profiles, and transactions.
- D. They can include calculated values.
Answer: A
NEW QUESTION 43
Which statement about journals in transaction matching is FALSE?
- A. For adjustments, the variance amount is exported to the Amount column.
- B. You create separate journal columns for each match type.
- C. For transactions, you can apply a data source filter to the export.
- D. You create separate journal column mappings for adjustments and transactions.
Answer: A
NEW QUESTION 44
You want the holidays to be skipped when scheduling due dates for reconciliations for an organizational unit. What should you do?
- A. Create a holiday rule and assign it to the organizational unit.
- B. Edit the due date in the reconciliations for the organizational unit.
- C. Add a rule to the Rules tab of the profiles for the reconciliations.
- D. Create a calendar and assign it to the organizational unit.
Answer: A
NEW QUESTION 45
Which statement is FALSE about the review process in reconciliation compliance?
- A. You can assign backup reviewers.
- B. You can have up to seven levels of review.
- C. You can assign a team as reviewer.
- D. Reviewers are sent notifications.
Answer: C
NEW QUESTION 46
Which two are properties of the organizational unit? (Choose two.)
- A. tax jurisdiction
- B. calendar
- C. language
- D. work days
Answer: B,D
NEW QUESTION 47
To which do you assign default currencies?
- A. account ids
- B. formats
- C. organizational units
- D. currency buckets
Answer: D
NEW QUESTION 48
In which location do you configure rules for reconciliation compliance transactions?
- A. Reconciliation
- B. Match Type
- C. Profile
- D. Format
Answer: D
NEW QUESTION 49
Which two statements are true about reconciliation compliance filters?
- A. They can be used by the rules engine.
- B. They can control the records that you see in the list views.
- C. They allow you to save columns to view records on the screen.
- D. You can apply them against unmatched transactions.
Answer: A,C
NEW QUESTION 50
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. In his User Preferences, John should select the Approve Reassignments option.
- C. Add John to the Reassignment Approvers security group.
- D. On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.
Answer: A
NEW QUESTION 51
Which two auto-reconciliation methods for reconciliations use the Account Analysis format?
- A. Zero activity
- B. No transactions
- C. Balance is zero
- D. Unexplained difference is zero
- E. Balance is normal
Answer: C,D
NEW QUESTION 52
Which is required for a valid profile?
- A. at least one
- B. at least one level of review
- C. at least one currency bucket
- D. at least one rule
Answer: C
NEW QUESTION 53
Which two are matching rule types?
- A. Matches Exactly
- B. Adjustment
- C. Suggested Match
- D. Matches with Tolerance
- E. One to One
Answer: B,C
NEW QUESTION 54
Which two statements are correct about deleting reconciliations? (Choose two.)
- A. Only a Service Administrator or a Power User can delete a reconciliation.
- B. The balances loaded for a period are not deleted when the reconciliation is deleted.
- C. The reconciliation status must be Pending.
- D. Only the preparer of the reconciliation can delete the reconciliation.
Answer: B,D
NEW QUESTION 55
What happens when you select the Key option for a data source attribute?
- A. Transactions are sorted by the attribute.
- B. Values are required for the attribute.
- C. Transactions with the same key attributes cannot be loaded.
- D. The attribute is hidden from users.
Answer: B
NEW QUESTION 56
Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation method?
- A. You must create profiles for them.
- B. They display in both the Reconciliations list and the Matching list.
- C. They do not need to be created for periods.
- D. They do not participate in period-end compliance workflow.
Answer: A
NEW QUESTION 57
Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested Matches list? (Choose two.)
- A. Select the data source to adjust.
- B. Enter an adjustment amount.
- C. Select an Adjustment Type.
- D. Enter a date for the adjustment.
Answer: A,C
NEW QUESTION 58
To which do you assign Holiday Rules?
- A. periods
- B. organizational units
- C. profiles
- D. calendars
Answer: D
NEW QUESTION 59
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 60
From which two dates defined in the period can you schedule reconciliations? (Choose two.)
- A. prior period end date
- B. end date
- C. close date
- D. start date
Answer: B,C
NEW QUESTION 61
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 edit the data sources attributes.
- C. You cannot edit the matching rules.
- D. You can perform matching on reconciliations for the match type.
Answer: A,D
NEW QUESTION 62
Which two attribute types are required for each data source? (Choose two.)
- A. Key Field
- B. Calculation
- C. Accounting Date
- D. Balancing Attribute
Answer: C,D
NEW QUESTION 63
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