Verified 1Z0-1087-20 dumps Q&As - Pass Guarantee Exam Dumps Test Engine [2022]
1Z0-1087-20 dumps and 62 unique questions
Oracle 1Z0-1087-20 Exam Syllabus Topics:
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NEW QUESTION 16
Which statement is always true of data loads from Data Management?
- A. If there is no change in the balance, the reconciliation is not updated.
- B. You cannot load data into reconciliations with a status of Closed.
- C. You must select either Actual or Budget as the scenario for the data.
- D. Only users with the administrator role can run data loads.
Answer: C
NEW QUESTION 17
Which is the minimum user security role required to edit profiles?
- A. Service Administrator
- B. Power User
- C. User
- D. Viewer
Answer: C
NEW QUESTION 18
For which scenario could a match type with a single data source be appropriate?
- A. variance analysis for current and prior period balances
- B. matching credits and debits for a clearing account
- C. intercompany matching
- D. matching bank and point-of-sale transactions
Answer: B
NEW QUESTION 19
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?
- A. Auto Approve
- B. Auto Submit
- C. Suggested
- D. Confirmed
Answer: A
NEW QUESTION 20
You are using EPM Automate commands to automate data load to Account Reconciliation.
In which scenario should you use EPM Automate to load the data through Data Management rather than directly into Account Reconciliation?
- A. You want to import one concatenated field from the source file, rather than two separate fields.
- B. You are loading more than 1000 transactions.
- C. You are loading data to the Reporting currency bucket.
- D. Your data includes fields with blank values.
Answer: C
NEW QUESTION 21
The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which two are possible explanations? (Choose two.)
- A. Currency exchanges rates are out of date.
- B. The data load for transactions was incomplete.
- C. Journal adjustments created were not posted.
- D. You do not have security access to all the transactions.
Answer: C,D
NEW QUESTION 22
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. Reconciliations List
- B. Compliance Dashboard
- C. Overview Dashboard
- D. Worklist
Answer: B
NEW QUESTION 23
Which statement is FALSE about reconciliations when the period is Closed?
- A. Reviewers can approve reconciliations under review.
- B. You can load data to reconciliations for the period.
- C. Preparers can submit reconciliations with Open status.
- D. Reconciliations with Pending status can start.
Answer: B
NEW QUESTION 24
Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested Matches list? (Choose two.)
- A. Select the data source to adjust.
- B. Enter a date for the adjustment.
- C. Select an Adjustment Type.
- D. Enter an adjustment amount.
Answer: A,C
NEW QUESTION 25
To which do you assign default currencies?
- A. account ids
- B. formats
- C. currency buckets
- D. organizational units
Answer: C
NEW QUESTION 26
In which row does an unmatched transaction with an accounting date of April 30th display in the period-end reconciliation for May 31?
- A. Unmatched
- B. Matched In Transit
- C. Unmatched Supported
- D. It is excluded from the report
Answer: C
NEW QUESTION 27
What happens when you load balances to a reconciliation with the status Closed or Open With Reviewer and the balance is different than what was already Certified?
- A. The import fails.
- B. The status reverts to Pending.
- C. The status reverts to Open with Preparer.
- D. The status is unchanged but a notification is sent to the related users.
Answer: C
NEW QUESTION 28
Which statement regarding user-defined attributes is FALSE?
- A. They can include calculated values.
- B. They can be assigned default value.
- C. You can no longer add/edit attributes after reconciliations are created.
- D. You can assign access by user role.
Answer: C
NEW QUESTION 29
Which three types of reconciliations are suitable for the Transaction Matching feature? (Choose three.)
- A. reconciliations with a single data source, like a clearing account
- B. reconciliations with 2 or more data sources, like a cash or accounts receivable account
- C. accounts with high volumes of data
- D. reconciliations that are typically zero balance accounts with low activity
- E. reconciliations that have amortizing transactions
Answer: A,B,D
NEW QUESTION 30
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. Add a rule of the type Require Team Review to the Rules tab.
- B. On the Workflow tab of the Profile, select All Reviewers in the Require Action By field.
- C. Do not select a Primary User for the Account Payable Reviewers team.
- D. In the Instructions tab of the profile, add instructions for all team members to review the reconciliation.
Answer: B
NEW QUESTION 31
Which statement is true for profiles that have a Quarterly frequency selected?
- A. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.
- B. They must be assigned a quarterly calendar.
- C. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.
- D. You cannot create reconciliations for profiles with transaction matching reconciliation methods for quarterly periods.
Answer: A
Explanation:
Explanation
You begin the reconciliation process for each period by creating reconciliations. You can create reconciliations for all account profiles, or for a filtered list of profiles. The profile frequency, such as monthly or quarterly, must match the period frequency.
NEW QUESTION 32
Which two statements are true about importing and exporting match types? (Choose two.)
- A. Import can update match types with Pending status only.
- B. Import can update match types with Approved status only.
- C. Match types are exported to comma-separated (CSV) files.
- D. Match types are exported to a .zip folder.
Answer: A,C
NEW QUESTION 33
Which statement is FALSE about Summary reconciliations?
- A. The Unexplained Difference on the Balance Summary tab shows the total unexplained difference for all the child reconciliations.
- B. Summary reconciliations include other individual reconciliations as children.
- C. The Group Detail tab shows transactions for the sub segments.
- D. You can select Show All on the Balance Summary tab to view balances for the child reconciliations.
Answer: C
NEW QUESTION 34
Which is NOT a step in the process for reconciliation compliance?
- A. confirm suggested matches
- B. load balances
- C. execute automation like Automatic Recon and Rules
- D. prepare reconciliations
Answer: A
NEW QUESTION 35
Which ability does NOT belong to users with the Power User role?
- A. review reconciliations
- B. edit formats to which they are assigned access
- C. edit profiles to which they are assigned access
- D. prepare reconciliations
Answer: B
NEW QUESTION 36
Which three statements are true about importing transaction matching transactions from the Jobs page?
(Choose three.)
- A. You can import transactions to a match type only if its status is Pending.
- B. You must select a match type for the import.
- C. You select a separate load file for each data source.
- D. You can select comma or tab for delimiter, or enter a user-defined delimiter.
- E. Auto-match can run automatically after the import is finished.
Answer: A,B,E
NEW QUESTION 37
How can you configure a profile for reconciliation compliance to show the variance between a current period balance and a prior period balance in a separate workflow from the reconciliation?
- A. On the currency tab, enable a currency bucket for that prior period balance.
- B. Add a rule to the Rules tab.
- C. Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.
- D. Select a format with the Variance Analysis reconciliation method for the profile.
Answer: D
NEW QUESTION 38
Which is required for a valid profile?
- A. at least one currency bucket
- B. at least one rule
- C. at least one question:
- D. at least one level of review
Answer: A
NEW QUESTION 39
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