[2024] 1z0-1087-23 PDF Questions - Perfect Prospect To Go With ExamsReviews Practice Exam
Oracle 1z0-1087-23 Pdf Questions - Outstanding Practice To your Exam
NEW QUESTION # 43
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 # 44
To which do you assign default currencies?
- A. account ids
- B. currency buckets
- C. formats
- D. organizational units
Answer: B
NEW QUESTION # 45
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 status reverts to Pending.
- B. The status is unchanged but a notification is sent to the related users.
- C. The import fails.
- D. The status reverts to Open with Preparer.
Answer: D
NEW QUESTION # 46
When would you use the Variance Analysis reconciliation method?
- A. To explain the difference in balances from the standards set by an organization in its budget.
- B. To reconcile the same balance across general ledgers that follow different governing rules.
- C. To explain the difference in balances within the same account over different periods.
- D. To justify each detail line of the total balance for the period.
Answer: B
NEW QUESTION # 47
Which statement about rules is FALSE?
- A. A profile can have a maximum of three rules.
- B. Profiles inherit rules from their formats.
- C. A rule can set a reconciliation attribute to a specified value when the rule conditions are met.
- D. You can use a saved filter as the condition in a rule.
Answer: A
NEW QUESTION # 48
Which two are matching rule types?
- A. Matches with Tolerance
- B. Matches Exactly
- C. Adjustment
- D. Suggested Match
- E. One to One
Answer: C,D
NEW QUESTION # 49
Which two tasks can be performed using EPM Automate?
- A. Import match types.
- B. Export journals.
- C. Load pre-mapped balances.
- D. Set period status.
Answer: A,B
NEW QUESTION # 50
From which two dates defined in the period can you schedule reconciliations? (Choose two.)
- A. close date
- B. start date
- C. end date
- D. prior period end date
Answer: A,C
NEW QUESTION # 51
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 # 52
Which two options indicate the minimum and respectively the maximum number of currency buckets you can
enable? (Choose two.)
- A. one
- B. four
- C. three
- D. two
Answer: A,C
NEW QUESTION # 53
A profile's properties have been modified and the changes saved. Which statement is correct?
- A. Existing reconciliations that use the profile are not updated.
- B. Existing reconciliations with Pending status that use the profile are updated with the changes.
- C. Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with
the changes. - D. Existing reconciliations that use the profile are updated after approval by a system administrator.
Answer: C
NEW QUESTION # 54
Which is required for a valid profile?
- A. at least one rule
- B. at least one level of review
- C. at least one question
- D. at least one currency bucket
Answer: D
NEW QUESTION # 55
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 # 56
Which statement is true for profiles that have a Quarterly frequency selected?
- A. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.
- B. You cannot create reconciliations for profiles with transaction matching reconciliation methods for
quarterly periods. - C. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.
- D. They must be assigned a quarterly calendar.
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 # 57
Which is NOT a step in the process for reconciliation compliance?
- A. prepare reconciliations
- B. confirm suggested matches
- C. load balances
- D. execute automation like Automatic Recon and Rules
Answer: B
NEW QUESTION # 58
You want to load balances for both the Entered currency bucket and the Functional currency bucket in a single
data load.
Which tool should you use?
- A. Smart View
- B. 'Import pre-mapped balances' option in the Periods page
- C. Supplemental Data Management form
- D. Data Management data load rule
Answer: D
NEW QUESTION # 59
Which two attribute types are required for each data source? (Choose two.)
- A. Key Field
- B. Calculation
- C. Balancing Attribute
- D. Accounting Date
Answer: C,D
NEW QUESTION # 60
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?
- A. In the Actions menu of the reconciliations, select Request Reassignment.
- B. In User Preferences, change your status to Out of Office.
- C. In the Workflow tab of the reconciliations, select a backup preparer in the Backup Preparer field.
- D. Click the Release button in the reconciliations to release it to the other team members.
Answer: C
NEW QUESTION # 61
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