Free Oracle Account Reconciliation 2022 Implementation Professional Exam 1Z0-1087-22 Exam Practice Test

Which statement is FALSE regarding user-defined attributes?

• You can no longer add/edit attributes afterreconciliations are created.
• They can be added to formats, profiles, and transactions.
• They can include calculated values.
• You can assign access to attributes by user role.

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

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

Which statement is true for profiles that have a Quarterly frequency selected?

• They must be assigned a quarterly calendar.
• You cannot create reconciliations for profiles with transaction matching reconciliation methods for quarterly periods.
• You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.
• The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.

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

• create journal columns
• map journal columns todata source attribute columns
• define data source filters
• create journal templates

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

• Group reconciliations include other individual reconciliations as children.
• You cannot use Data Management to import balances for group reconciliations.
• The format for the reconciliation must be enabled for Group Reconciliation.
• The Group Detail tab shows data for the group reconciliationsub segments.
• You can import balances into periods as pre-mapped data.

Which two are properties of theorganizational unit? (Choose two.)

• work days
• calendar
• language
• tax jurisdiction

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

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

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

• matching credits and debits for a clearing account
• intercompany matching
• matching bank and point-of-sale transactions
• variance analysis for current and prior period balances

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?

• In his User Preferences, John should select the Approve Reassignments option.
• Add John to the Reassignment Approvers security group.
• On the Reassignment Requests tab in System Settings, in the Allow Reassignment Request Approval By option, select Users.
• On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.

Which statement about loading pre-mapped balances is FALSE?

• You can drill back to the ERP from the reconciliation screen.
• You must select a currency bucket for the import.
• You must select a period to which to load the balances.
• You can import from either tab separated or comma separated files.