[UPDATED 2024] Oracle 1z0-1087-23 Questions Prepare with Free Demo of PDF
NEW 2024 Certification Sample Questions 1z0-1087-23 Dumps & Practice Exam
NEW QUESTION # 13
The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which
two are possible explanations? (Choose two.)
- A. You do not have security access to all the transactions.
- B. The data load for transactions was incomplete.
- C. Currency exchanges rates are out of date.
- D. Journal adjustments created were not posted.
Answer: A,D
NEW QUESTION # 14
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 # 15
Which transaction matching method is used to match the transactions between two systems if period-end
reconciliation is not the objective?
- A. Balance Comparison with Transaction Matching
- B. Variance Analysis with Transaction Matching
- C. Account Analysis with Transaction Matching
- D. Transaction Matching Only
Answer: B
NEW QUESTION # 16
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. 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.
Answer: B
NEW QUESTION # 17
To which do you assign default currencies?
- A. formats
- B. currency buckets
- C. organizational units
- D. account ids
Answer: B
NEW QUESTION # 18
Which statement is FALSE about the profile segments?
- A. You cannot change the profile segments after you have loaded profiles.
- B. The profile segments specify the level at which the organization reconcile account balances.
- C. The profile segments control the mapping of balances to reconciliations.
- D. The profile segments are configured as part of the system attributes,
Answer: B
NEW QUESTION # 19
Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation
method?
- A. They display in both the Reconciliations list and the Matching list.
- B. They do not participate in period-end compliance workflow.
- C. They do not need to be created for periods.
- D. You must create profiles for them.
Answer: D
NEW QUESTION # 20
What happens to a reconciliation if a team member who prepared the reconciliation is deleted from the team at
a later point of time?
- A. Changes made by the deleted member are kept intact and the deleted member still appears as the original preparer.
- B. Changes made by the deleted member are reverted and the deleted member is removed from the
reconciliation as preparer. - C. Changes made by the deleted member are reassigned to the primary member of the team for review and
approval, - D. The reconciliation is flagged as invalid and needs to be re-created by the administrator.
Answer: A
NEW QUESTION # 21
What happens when you select the Key option for a data source attribute?
- A. Values are required for the attribute.
- B. Transactions are sorted by the attribute.
- C. The attribute is hidden from users.
- D. Transactions with the same key attributes cannot be loaded.
Answer: A
NEW QUESTION # 22
From which two dates defined in the period can you schedule reconciliations? (Choose two.)
- A. prior period end date
- B. start date
- C. close date
- D. end date
Answer: C,D
NEW QUESTION # 23
Which is NOT a step in configuring journals in Transaction Matching?
- A. map journal columns to data source attribute columns
- B. create journal templates
- C. define data source filters
- D. create journal columns
Answer: B
NEW QUESTION # 24
Which two conditions can make a profile invalid? (Choose two.)
- A. The Normal Balance setting does not match the account type.
- B. No preparer is assigned on the Workflow tab.
- C. Aging limits have not been specified.
- D. No currency buckets are enabled.
Answer: A,B
NEW QUESTION # 25
Which two statements are correct about deleting reconciliations? (Choose two.)
- A. Only the preparer of the reconciliation can delete the reconciliation.
- B. The reconciliation status must be Pending.
- C. Only a Service Administrator or a Power User can delete a reconciliation.
- D. The balances loaded for a period are not deleted when the reconciliation is deleted.
Answer: A,D
NEW QUESTION # 26
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. Select an Adjustment Type.
- C. Enter a date for the adjustment.
- D. Enter an adjustment amount.
Answer: A,B
NEW QUESTION # 27
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. Unmatched Supported
- C. Matched In Transit
- D. It is excluded from the report
Answer: B
NEW QUESTION # 28
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. Confirmed
- C. Suggested
- D. Auto Submit
Answer: A
NEW QUESTION # 29
Which statement about journals in transaction matching is FALSE?
- A. For adjustments, the variance amount is exported to the Amount column.
- B. You create separate journal column mappings for adjustments and transactions.
- C. For transactions, you can apply a data source filter to the export.
- D. You create separate journal columns for each match type.
Answer: A
NEW QUESTION # 30
To which do you assign Holiday Rules?
- A. calendars
- B. periods
- C. organizational units
- D. profiles
Answer: A
NEW QUESTION # 31
In which location do you configure rules for reconciliation compliance transactions?
- A. Profile
- B. Match Type
- C. Format
- D. Reconciliation
Answer: C
NEW QUESTION # 32
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. Add John to the Reassignment Approvers security group.
- B. On the Reassignment Requests tab in System Settings, in the Allow Reassignment Request Approval By
option, select Users. - C. In his User Preferences, John should select the Approve Reassignments option.
- D. On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.
Answer: B
NEW QUESTION # 33
Which two rule types are available in profiles? (Choose two.)
- A. Flag As Needs Attention
- B. Require Reconciliation Attachment
- C. Copy Transactions from Prior Reconciliation
- D. Auto Approve Reconciliation
- E. Delete Reconciliation
Answer: C,D
NEW QUESTION # 34
Which statement is FALSE about Summary reconciliations?
- A. Summary reconciliations include other individual reconciliations as children.
- B. The Unexplained Difference on the Balance Summary tab shows the total unexplained difference for all the child reconciliations.
- 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 # 35
Which statement about loading pre-mapped balances is FALSE?
- A. You can drill back to the ERP from the reconciliation screen.
- B. You must select a currency bucket for the import.
- C. You must select a period to which to load the balances.
- D. You can import from either tab separated or comma separated files.
Answer: A
NEW QUESTION # 36
Which two auto-reconciliation methods for reconciliations use the Account Analysis format?
- A. Balance is zero
- B. Unexplained difference is zero
- C. Zero activity
- D. Balance is normal
- E. No transactions
Answer: A,B
NEW QUESTION # 37
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