[Dec 06, 2023] Free Oracle Cloud 1z0-1087-23 Official Cert Guide PDF Download
Oracle 1z0-1087-23 Official Cert Guide PDF
NEW QUESTION # 33
Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation
method?
- A. They do not need to be created for periods.
- B. You must create profiles for them.
- C. They display in both the Reconciliations list and the Matching list.
- D. They do not participate in period-end compliance workflow.
Answer: B
NEW QUESTION # 34
A profile's properties have been modified and the changes saved. Which statement is correct?
- A. Existing reconciliations with Pending status that use the profile are updated with the changes.
- B. Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with
the changes. - C. Existing reconciliations that use the profile are not updated.
- D. Existing reconciliations that use the profile are updated after approval by a system administrator.
Answer: B
NEW QUESTION # 35
Which reconciliation method is appropriate for a prepaid insurance reconciliation that explains the current
month balance?
- A. Account Analysis
- B. Variance Analysis
- C. Balance Comparison
- D. Transaction Matching
Answer: C
NEW QUESTION # 36
To which do you assign default currencies?
- A. currency buckets
- B. organizational units
- C. account ids
- D. formats
Answer: A
NEW QUESTION # 37
Which ability does NOT belong to users with the Power User role?
- A. edit formats to which they are assigned access
- B. edit profiles to which they are assigned access
- C. prepare reconciliations
- D. review reconciliations
Answer: A
NEW QUESTION # 38
Which statement about rules is FALSE?
- A. You can use a saved filter as the condition in a rule.
- B. Profiles inherit rules from their formats.
- C. A profile can have a maximum of three rules.
- D. A rule can set a reconciliation attribute to a specified value when the rule conditions are met.
Answer: C
NEW QUESTION # 39
Which is true when you reopen a reconciliation?
- A. It reopens to the preparer.
- B. It reopens to the last reviewer.
- C. It reopens to the service administrator.
- D. You select the role to which it reopens to.
Answer: B
NEW QUESTION # 40
Which is NOT a step in the process for reconciliation compliance?
- A. execute automation like Automatic Recon and Rules
- B. confirm suggested matches
- C. prepare reconciliations
- D. load balances
Answer: B
NEW QUESTION # 41
Which rule runs during the post-processing of data loads?
- A. Auto Submit Reconciliation
- B. Create Reconciliations
- C. Copy Transactions
- D. Auto Match Transactions
- E. Send Email On Update
Answer: D
NEW QUESTION # 42
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 # 43
Which statement is FALSE about reconciliations when the period is Closed?
- A. Reconciliations with Pending status can start.
- B. Preparers can submit reconciliations with Open status.
- C. You can load data to reconciliations for the period.
- D. Reviewers can approve reconciliations under review.
Answer: C
NEW QUESTION # 44
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 cannot edit the matching rules.
- D. You can perform matching on reconciliations for the match type.
Answer: B,D
NEW QUESTION # 45
When would you use the Variance Analysis reconciliation method?
- A. To explain the difference in balances within the same account over different periods.
- B. To justify each detail line of the total balance for the period.
- C. To explain the difference in balances from the standards set by an organization in its budget.
- D. To reconcile the same balance across general ledgers that follow different governing rules.
Answer: D
NEW QUESTION # 46
Which two rule types are available in profiles? (Choose two.)
- A. Flag As Needs Attention
- B. Delete Reconciliation
- C. Auto Approve Reconciliation
- D. Copy Transactions from Prior Reconciliation
- E. Require Reconciliation Attachment
Answer: C,D
NEW QUESTION # 47
When can you run auto-matching for a transaction matching reconciliation?
- A. after the reconciliation meets its start date
- B. after you load transactions to the reconciliation data sources
- C. after the period end date is reached
- D. after the reconciliation status changes to Open With Preparer
Answer: B
NEW QUESTION # 48
Which two are properties of the organizational unit? (Choose two.)
- A. tax jurisdiction
- B. language
- C. work days
- D. calendar
Answer: C,D
NEW QUESTION # 49
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