Free Oracle Account Reconciliation 2021 Implementation Essentials Exam 1Z0-1087-21 Exam Practice Test

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

• work days
  
• calendar
  
• language
  
• tax jurisdiction
  

Which statement is true regarding the Normal Balance attribute in a profile?

• It is assigned automatically based on the account type.
  
• Preparers cannot save a reconciliation if the balance type is other than expected.
  
• When it is selected, reconciliations display a warning if their balance is zero.
  
• Reconciliations display a warning if the balance type is other than expected.
  

In which row does an unmatched transaction with an accounting date of April 30th display in the period-end reconciliation for May 31?

• It is excluded from the report
  
• Unmatched Supported
  
• Matched In Transit
  
• Unmatched
  

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 statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation method?

• They display in both the Reconciliations list and the Matching list.
  
• They do not participate in period-end compliance workflow.
  
• They do not need to be created for periods.
  
• You must create profiles for them.
  

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 statement is FALSE about the profile segments?

• You cannot change the profile segments after you have loaded profiles.
  
• The profile segments control the mapping of balances to reconciliations.
  
• The profile segments are configured as part of the system attributes,
  
• The profile segments specify the level at which the organization reconcile account balances.
  

Which statement is FALSE about the review process in reconciliation compliance?

• Reviewers are sent notifications.
  
• You can have up to seven levels of review.
  
• You can assign backup reviewers.
  
• You can assign a team as reviewer.
  

Which two statements are true about importing and exporting match types? (Choose two.)

• Match types are exported to a .zip folder.
  
• Import can update match types with Pending status only.
  
• Match types are exported to comma-separated (CSV) files.
  
• Import can update match types with Approved status only.
  

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

• Service Administrator
  
• User
  
• Power User
  
• Viewer