Free Oracle Account Reconciliation 2020 Implementation Essentials Exam 1Z0-1087-20 Exam Practice Test

Which reconciliation method is appropriate for a prepaid insurance reconciliation that explains the current month balance?

• Balance Comparison
• Transaction Matching
• Variance Analysis
• Account Analysis

Which expression do you include in the Expression field of the Amount column in an import format to ensure that zero balances are loaded?

• Source system
• NZP
• 0
• Include Null

Which statement is FALSE of teams?

• Teams are assigned to profiles on the Workflow tab.
• A team can have another team as a member.
• Teams can be assigned a primary user.
• A user can belong to more than one team.

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

• Key Field
• Accounting Date
• Calculation
• Balancing Attribute

Which is the minimum user security role required to edit profiles?

• Service Administrator
• User
• Power User
• Viewer

From which two dates defined in the period can you schedule reconciliations? (Choose two.)

• end date
• prior period end date
• close date
• start date

Which two options indicate the minimum and respectively the maximum number of currency buckets you canenable? (Choose two.)

• two
• four
• one
• three

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

• set period status
• import premapped data
• export balances
• export journals

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 Question:?

• to the match type
• to the profile
• to the reconciliation
• to the format

You want to load balances for both the Entered currency bucket and the Functional currency bucket in a single data load.Which tool should you use?

• 'Import pre-mapped balances' option in the Periods page
• Data Management data load rule
• Smart View
• Supplemental Data Management form