Provide Oracle 1z0-1087-22 Practice Test Engine for Preparation
Detailed New 1z0-1087-22 Exam Questions for Concept Clearance
Oracle 1z0-1087-22 Exam Syllabus Topics:
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NEW QUESTION 44
Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data Management? (Choose two.)
- A. XML
- B. SWIFT MT940
- C. EDI
- D. BAI
Answer: B,D
NEW QUESTION 45
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. Worklist
- B. Compliance Dashboard
- C. Reconciliations List
- D. Overview Dashboard
Answer: B
NEW QUESTION 46
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 reconciliation status must be Pending.
- C. The balances loaded for a period are not deleted when the reconciliation is deleted.
- D. Only the preparer of the reconciliation can delete the reconciliation.
Answer: C,D
NEW QUESTION 47
In which location do you configure rules for reconciliation compliance transactions?
- A. Reconciliation
- B. Format
- C. Profile
- D. Match Type
Answer: B
NEW QUESTION 48
Which statement regarding user-defined attributes is FALSE?
- A. You can no longer add/edit attributes after reconciliations are created.
- B. You can assign access by user role.
- C. They can include calculated values.
- D. They can be assigned default value.
Answer: A
NEW QUESTION 49
Which rule runs during the post-processing of data loads?
- A. Auto Match Transactions
- B. Copy Transactions
- C. Create Reconciliations
- D. Send Email On Update
- E. Auto Submit Reconciliation
Answer: A
NEW QUESTION 50
When can you run auto-matching for a transaction matching reconciliation?
- A. after the period end date is reached
- B. after you load transactions to the reconciliation data sources
- C. after the reconciliation meets its start date
- D. after the reconciliation status changes to Open With Preparer
Answer: B
NEW QUESTION 51
The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which two are possible explanations? (Choose two.)
- A. Journal adjustments created were not posted.
- B. The data load for transactions was incomplete.
- C. You do not have security access to all the transactions.
- D. Currency exchanges rates are out of date.
Answer: A,C
NEW QUESTION 52
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 53
To which do you assign default currencies?
- A. currency buckets
- B. formats
- C. account ids
- D. organizational units
Answer: A
NEW QUESTION 54
Which is required for a valid profile?
- A. at least one Question:
- B. at least one currency bucket
- C. at least one level of review
- D. at least one rule
Answer: B
NEW QUESTION 55
Which statement about manual matching in transaction matching is FALSE?
- A. Transactions for which auto-matching rules did not find matches can be manually matched.
- B. You can create adjustments to balance a match set.
- C. You can manually match transactions only if the amounts are within the tolerance.
- D. You must be a power user or service administrator to create manual matches.
Answer: C
NEW QUESTION 56
Which statement about rules is FALSE?
- A. A rule can set a reconciliation attribute to a specified value when the rule conditions are met.
- B. You can use a saved filter as the condition in a rule.
- C. A profile can have a maximum of three rules.
- D. Profiles inherit rules from their formats.
Answer: C
NEW QUESTION 57
To which do you assign Holiday Rules?
- A. calendars
- B. profiles
- C. periods
- D. organizational units
Answer: A
NEW QUESTION 58
Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested Matches list? (Choose two.)
- A. Enter an adjustment amount.
- B. Select the data source to adjust.
- C. Enter a date for the adjustment.
- D. Select an Adjustment Type.
Answer: B,D
NEW QUESTION 59
Which three fields are required in a load file for pre-mapped balances?
- A. Entity
- B. Currency Code
- C. Period
- D. Currency Bucket
- E. Amount
- F. Reconciliation ID
Answer: B,E,F
NEW QUESTION 60
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. In his User Preferences, John should select the Approve Reassignments option.
- B. On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.
- C. On the Reassignment Requests tab in System Settings, in the Allow Reassignment Request Approval By option, select Users.
- D. Add John to the Reassignment Approvers security group.
Answer: C
NEW QUESTION 61
When would you use the Variance Analysis reconciliation method?
- A. To justify each detail line of the total balance for the period.
- B. To explain the difference in balances from the standards set by an organization in its budget.
- C. To reconcile the same balance across general ledgers that follow different governing rules.
- D. To explain the difference in balances within the same account over different periods.
Answer: C
NEW QUESTION 62
For which scenario could a match type with a single data source be appropriate?
- A. matching credits and debits for a clearing account
- B. intercompany matching
- C. variance analysis for current and prior period balances
- D. matching bank and point-of-sale transactions
Answer: A
NEW QUESTION 63
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 match type
- B. to the format
- C. to the reconciliation
- D. to the profile
Answer: B
NEW QUESTION 64
In a reconciliation profile, the Account Payable Reviewers team is assigned as the reviewer, and you want to require that ALL team members approve the reconciliation.
Which action should you perform?
- A. Do not select a Primary User for the Account Payable Reviewers team.
- B. Add a rule of the type Require Team Review to the Rules tab.
- C. On the Workflow tab of the Profile, select All Reviewers in the Require Action By field.
- D. In the Instructions tab of the profile, add instructions for all team members to review the reconciliation.
Answer: C
NEW QUESTION 65
Which statement is FALSE about calendars?
- A. One period may have many calendars to reflect different date configurations for the period.
- B. Calendars set the dates and frequencies for each period.
- C. Calendars are associated with periods and organizational units.
- D. An organizational unit can be assigned many calendars to enable reconciliations for different financial dates.
Answer: B
NEW QUESTION 66
A team has been assigned as the preparer for a reconciliation, and one team member is designated as the primary user.
What characterizes the primary user?
- A. The system automatically re-assigned the reconciliation to the primary user when the current preparer is out of the office.
- B. The system automatically claims the reconciliation for the primary use when the reconciliation status changes to Open (with preparer).
- C. The primary user must approve the reconciliation before the preparer submits the reconciliation.
- D. The primary user can edit the reconciliation properties.
Answer: B
NEW QUESTION 67
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