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Best Quality Oracle 1z0-1087-23 Exam Questions
NEW QUESTION # 43
Which statement about journals in transaction matching is FALSE?
- A. For transactions, you can apply a data source filter to the export.
- B. You create separate journal columns for each match type.
- C. You create separate journal column mappings for adjustments and transactions.
- D. For adjustments, the variance amount is exported to the Amount column.
Answer: D
NEW QUESTION # 44
Which is NOT an attribute type for reconciliation compliance attributes?
- A. Yes/No
- B. True/False
- C. Location
- D. Number
Answer: C
NEW QUESTION # 45
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. It is excluded from the report
- D. Unmatched Supported
Answer: D
NEW QUESTION # 46
Which keyword in a Teams import file identifies the section with the team members?
- A. #team_children
- B. #team
- C. #team_items
- D. #dependents
Answer: B
NEW QUESTION # 47
Which statement is FALSE about calendars?
- A. Calendars set the dates and frequencies for each period.
- B. An organizational unit can be assigned many calendars to enable reconciliations for different financial
dates. - C. One period may have many calendars to reflect different date configurations for the period.
- D. Calendars are associated with periods and organizational units.
Answer: A
NEW QUESTION # 48
Which statement is true about saved filters?
- A. Saved Filters are public by default.
- B. Only service administrators can publish filters.
- C. Only power users and service administrators can publish filters.
- D. Any user can publish a saved filter that they created.
Answer: A
NEW QUESTION # 49
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 manually match transactions only if the amounts are within the tolerance.
- C. You can create adjustments to balance a match set.
- D. You must be a power user or service administrator to create manual matches.
Answer: B
NEW QUESTION # 50
Which statement is true for profiles that have a Quarterly frequency selected?
- A. You cannot create reconciliations for profiles with transaction matching reconciliation methods for
quarterly periods. - B. They must be assigned a quarterly calendar.
- C. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.
- D. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.
Answer: C
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 # 51
Which statement is FALSE regarding user-defined attributes?
- A. You can no longer add/edit attributes after reconciliations are created.
- B. You can assign access to attributes by user role.
- C. They can be added to formats, profiles, and transactions.
- D. They can include calculated values.
Answer: A
NEW QUESTION # 52
Which two rule types are available in profiles? (Choose two.)
- A. Delete Reconciliation
- B. Copy Transactions from Prior Reconciliation
- C. Require Reconciliation Attachment
- D. Flag As Needs Attention
- E. Auto Approve Reconciliation
Answer: B,E
NEW QUESTION # 53
From which two dates defined in the period can you schedule reconciliations? (Choose two.)
- A. close date
- B. prior period end date
- C. start date
- D. end date
Answer: A,D
NEW QUESTION # 54
You want the holidays to be skipped when scheduling due dates for reconciliations for an organizational unit.
What should you do?
- A. Add a rule to the Rules tab of the profiles for the reconciliations.
- B. Edit the due date in the reconciliations for the organizational unit.
- C. Create a calendar and assign it to the organizational unit.
- D. Create a holiday rule and assign it to the organizational unit.
Answer: D
NEW QUESTION # 55
Which two statements are true about match types with Pending status?
- A. You can edit the data sources attributes.
- B. You can load data to Pending reconciliations for the match type.
- C. You can perform matching on reconciliations for the match type.
- D. You cannot edit the matching rules.
Answer: B,C
NEW QUESTION # 56
Which statement is FALSE about the profile segments?
- A. The profile segments are configured as part of the system attributes,
- B. The profile segments specify the level at which the organization reconcile account balances.
- C. You cannot change the profile segments after you have loaded profiles.
- D. The profile segments control the mapping of balances to reconciliations.
Answer: B
NEW QUESTION # 57
What results if you load balances using Data Management to a period to which you previously imported pre-
mapped balances?
- A. The balances loaded through Data Management overwrite the pre-mapped balances.
- B. The Data Management data load fails.
- C. The reconciliation takes the balances loaded through Data Management and the pre-mapped balance load, and totals them.
- D. You are prompted whether to overwrite the pre-mapped balances.
Answer: A
NEW QUESTION # 58
Which two statements are true about Group reconciliations? (Choose two.)
- A. The Group Detail tab shows data for the group reconciliation sub segments.
- B. Group reconciliations include other individual reconciliations as children.
- C. You can import balances into periods as pre-mapped data.
- D. The format for the reconciliation must be enabled for Group Reconciliation.
- E. You cannot use Data Management to import balances for group reconciliations.
Answer: C,D
NEW QUESTION # 59
In which location do you configure rules for reconciliation compliance transactions?
- A. Match Type
- B. Profile
- C. Reconciliation
- D. Format
Answer: D
NEW QUESTION # 60
Which property of profiles is set automatically when you select the format for the profile?
- A. Process
- B. Method
- C. Normal Balance
- D. Account Type
Answer: D
NEW QUESTION # 61
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. Add a rule to the Rules tab.
- B. Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.
- C. Select a format with the Variance Analysis reconciliation method for the profile.
- D. On the currency tab, enable a currency bucket for that prior period balance.
Answer: C
NEW QUESTION # 62
When can you run auto-matching for a transaction matching reconciliation?
- A. after the reconciliation status changes to Open With Preparer
- B. after the reconciliation meets its start date
- C. after you load transactions to the reconciliation data sources
- D. after the period end date is reached
Answer: C
NEW QUESTION # 63
An error occurs during an import transactions job for a match type. What is the result of the job?
- A. The entire import is rolled back, and the job status is set to Failed.
- B. The job deletes all match type transactions, and the job status is set to Failed and Deleted,
- C. The transactions are not imported, the match type is locked, and the job status it set to Failed and Locked.
- D. Successfully imported transactions are committed to the system, failed transactions are logged, and the
job status is set to Completed with Errors.
Answer: D
NEW QUESTION # 64
Which statement is always true of data loads from Data Management?
- A. You cannot load data into reconciliations with a status of Closed.
- B. Only users with the administrator role can run data loads.
- C. If there is no change in the balance, the reconciliation is not updated.
- D. You must select either Actual or Budget as the scenario for the data.
Answer: D
NEW QUESTION # 65
What happens when you select the Key option for a data source attribute?
- A. Transactions with the same key attributes cannot be loaded.
- B. Transactions are sorted by the attribute.
- C. Values are required for the attribute.
- D. The attribute is hidden from users.
Answer: C
NEW QUESTION # 66
Which two statements are correct about deleting reconciliations? (Choose two.)
- A. Only the preparer of the reconciliation can delete the reconciliation.
- B. Only a Service Administrator or a Power User can delete a reconciliation.
- C. The balances loaded for a period are not deleted when the reconciliation is deleted.
- D. The reconciliation status must be Pending.
Answer: A,C
NEW QUESTION # 67
Which ability does NOT belong to users with the Power User role?
- A. edit formats to which they are assigned access
- B. review reconciliations
- C. edit profiles to which they are assigned access
- D. prepare reconciliations
Answer: A
NEW QUESTION # 68
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