Weekend Sale Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: 70percent

Certensure Logo
  1. Home
  2. Oracle
  3. Account Reconciliation
  4. 1z0-1087-23 - Oracle Account Reconciliation 2023 Implementation Essentials

Oracle 1z0-1087-23 Oracle Account Reconciliation 2023 Implementation Essentials Exam Practice Test

Demo: 22 questions
Total 79 questions
Get 1z0-1087-23 Full Access Download 1z0-1087-23 PDF

Oracle Account Reconciliation 2023 Implementation Essentials Questions and Answers

Question 1

You are a preparer with the User role and you are going on vacation.

How can you assign responsibility for reconciliations currently open with you to the backup preparer?

Options:

A.

In the Workflow tab of the reconciliations, select a backup preparer in the Backup Preparer field.

B.

In User Preferences, change your status to Out of Office.

C.

In the Actions menu of the reconciliations, select Request Reassignment.

D.

Click the Release button in the reconciliations to release it to the other team members.

Question 2

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

Options:

A.

Source system

B.

NZP

C.

0

D.

Include Null

Question 3

Where do you navigate to configure power users access to profiles?

Options:

A.

under Application, select Configuration, and then System Settings

B.

under Tools, select Access Control, then Power User Security

C.

under Application, select Configuration, and then Profile Segments

D.

under Application, select Profiles

Question 4

Which statement is FALSE regarding user-defined attributes?

Options:

A.

You can no longer add/edit attributes after reconciliations are created.

B.

They can be added to formats, profiles, and transactions.

C.

They can include calculated values.

D.

You can assign access to attributes by user role.

Question 5

The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which two are possible explanations? (Choose two.)

Options:

A.

Currency exchanges rates are out of date.

B.

Journal adjustments created were not posted.

C.

You do not have security access to all the transactions.

D.

The data load for transactions was incomplete.

Question 6

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?

Options:

A.

Reconciliations List

B.

Overview Dashboard

C.

Compliance Dashboard

D.

Worklist

Question 7

Which two are matching rule types?

Options:

A.

Matches Exactly

B.

Matches with Tolerance

C.

Suggested Match

D.

Adjustment

E.

One to One

Question 8

Which two statements are correct about deleting reconciliations? (Choose two.)

Options:

A.

The reconciliation status must be Pending.

B.

Only the preparer of the reconciliation can delete the reconciliation.

C.

The balances loaded for a period are not deleted when the reconciliation is deleted.

D.

Only a Service Administrator or a Power User can delete a reconciliation.

Question 9

Which statement is FALSE about reconciliations when the period is Closed?

Options:

A.

Preparers can submit reconciliations with Open status.

B.

Reviewers can approve reconciliations under review.

C.

Reconciliations with Pending status can start.

D.

You can load data to reconciliations for the period.

Question 10

Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data Management? (Choose two.)

Options:

A.

SWIFT MT940

B.

BAI

C.

EDI

D.

XML

Question 11

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

Options:

A.

Key Field

B.

Accounting Date

C.

Calculation

D.

Balancing Attribute

Question 12

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?

Options:

A.

to the match type

B.

to the profile

C.

to the reconciliation

D.

to the format

Question 13

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

Options:

A.

Reviewers are sent notifications.

B.

You can have up to seven levels of review.

C.

You can assign backup reviewers.

D.

You can assign a team as reviewer.

Question 14

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

Options:

A.

work days

B.

calendar

C.

language

D.

tax jurisdiction

Question 15

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?

Options:

A.

In the Instructions tab of the profile, add instructions for all team members to review the reconciliation.

B.

On the Workflow tab of the Profile, select All Reviewers in the Require Action By field.

C.

Add a rule of the type Require Team Review to the Rules tab.

D.

Do not select a Primary User for the Account Payable Reviewers team.

Question 16

Which two are auto-reconciliation methods? (Choose two.)

Options:

A.

Balance Match (%tolerance)

B.

No Data

C.

Balance has not changed

D.

Balance is zero and no activity

Question 17

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

Options:

A.

Match types are exported to a .zip folder.

B.

Import can update match types with Pending status only.

C.

Match types are exported to comma-separated (CSV) files.

D.

Import can update match types with Approved status only.

Question 18

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

Options:

A.

Group reconciliations include other individual reconciliations as children.

B.

You cannot use Data Management to import balances for group reconciliations.

C.

The format for the reconciliation must be enabled for Group Reconciliation.

D.

The Group Detail tab shows data for the group reconciliation sub segments.

E.

You can import balances into periods as pre-mapped data.

Question 19

Which statement about manual matching in transaction matching is FALSE?

Options:

A.

You can manually match transactions only if the amounts are within the tolerance.

B.

Transactions for which auto-matching rules did not find matches can be manually matched.

C.

You must be a power user or service administrator to create manual matches.

D.

You can create adjustments to balance a match set.

Question 20

What results if you load balances using Data Management to a period to which you previously imported pre- mapped balances?

Options:

A.

The Data Management data load fails.

B.

You are prompted whether to overwrite the pre-mapped balances.

C.

The balances loaded through Data Management overwrite the pre-mapped balances.

D.

The reconciliation takes the balances loaded through Data Management and the pre-mapped balance load, and totals them.

Question 21

You are creating a matching rule, and you want transactions that are within the specified tolerance range to be matched automatically, with no need for further user review.

Which option should you choose for the Match Status?

Options:

A.

Suggested

B.

Auto Approve

C.

Auto Submit

D.

Confirmed

Question 22

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?

Options:

A.

In his User Preferences, John should select the Approve Reassignments option.

B.

Add John to the Reassignment Approvers security group.

C.

On the Reassignment Requests tab in System Settings, in the Allow Reassignment Request Approval By option, select Users.

D.

On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.

Load More 1z0-1087-23 Questions
Demo: 22 questions
Total 79 questions
Get 1z0-1087-23 Full Access Download 1z0-1087-23 PDF