Oracle Cloud 1z0-1087-23 Practice Test Engine: Try These 81 Exam Questions
Guaranteed Success in Oracle Cloud 1z0-1087-23 Exam Dumps
NEW QUESTION # 48
Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation
method?
- A. You must create profiles for them.
- B. They display in both the Reconciliations list and the Matching list.
- C. They do not participate in period-end compliance workflow.
- D. They do not need to be created for periods.
Answer: A
NEW QUESTION # 49
Which is NOT a step in configuring journals in Transaction Matching?
- A. create journal columns
- B. create journal templates
- C. define data source filters
- D. map journal columns to data source attribute columns
Answer: B
NEW QUESTION # 50
When can you run auto-matching for a transaction matching reconciliation?
- A. after the reconciliation status changes to Open With Preparer
- B. after the period end date is reached
- C. after the reconciliation meets its start date
- D. after you load transactions to the reconciliation data sources
Answer: D
NEW QUESTION # 51
To which do you assign default currencies?
- A. currency buckets
- B. account ids
- C. organizational units
- D. formats
Answer: A
NEW QUESTION # 52
Which two are tasks that can be performed using EPM Automate? (Choose two.)
- A. export journals
- B. export balances
- C. set period status
- D. import premapped data
Answer: B,D
NEW QUESTION # 53
Which statement is FALSE about the review process in reconciliation compliance?
- A. You can have up to seven levels of review.
- B. You can assign a team as reviewer.
- C. You can assign backup reviewers.
- D. Reviewers are sent notifications.
Answer: B
NEW QUESTION # 54
Which statement is FALSE about reconciliations when the period is Closed?
- A. Preparers can submit reconciliations with Open status.
- B. Reviewers can approve reconciliations under review.
- C. You can load data to reconciliations for the period.
- D. Reconciliations with Pending status can start.
Answer: C
NEW QUESTION # 55
Which statement is FALSE about calendars?
- A. One period may have many calendars to reflect different date configurations for the period.
- B. An organizational unit can be assigned many calendars to enable reconciliations for different financial
dates. - C. Calendars are associated with periods and organizational units.
- D. Calendars set the dates and frequencies for each period.
Answer: D
NEW QUESTION # 56
Which two are auto-reconciliation methods? (Choose two.)
- A. Balance has not changed
- B. Balance Match (%tolerance)
- C. Balance is zero and no activity
- D. No Data
Answer: B,C
NEW QUESTION # 57
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. Worklist
- C. Overview Dashboard
- D. Compliance Dashboard
Answer: D
NEW QUESTION # 58
Which two are properties of the organizational unit? (Choose two.)
- A. calendar
- B. work days
- C. language
- D. tax jurisdiction
Answer: A,B
NEW QUESTION # 59
Which two are matching rule types?
- A. Matches with Tolerance
- B. Suggested Match
- C. One to One
- D. Adjustment
- E. Matches Exactly
Answer: B,D
NEW QUESTION # 60
Which two options indicate the minimum and respectively the maximum number of currency buckets you can
enable? (Choose two.)
- A. three
- B. two
- C. one
- D. four
Answer: A,C
NEW QUESTION # 61
Which three types of reconciliations are suitable for the Transaction Matching feature? (Choose three.)
- A. reconciliations that have amortizing transactions
- B. reconciliations with 2 or more data sources, like a cash or accounts receivable account
- C. reconciliations with a single data source, like a clearing account
- D. reconciliations that are typically zero balance accounts with low activity
- E. accounts with high volumes of data
Answer: B,C,D
NEW QUESTION # 62
Which is NOT a step in the process for reconciliation compliance?
- A. execute automation like Automatic Recon and Rules
- B. load balances
- C. confirm suggested matches
- D. prepare reconciliations
Answer: C
NEW QUESTION # 63
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. Only users with the administrator role can run data loads.
- C. You cannot load data into reconciliations with a status of Closed.
- D. You must select either Actual or Budget as the scenario for the data.
Answer: D
NEW QUESTION # 64
Which statement is true about saved filters?
- A. Only service administrators can publish filters.
- B. Saved Filters are public by default.
- C. Only power users and service administrators can publish filters.
- D. Any user can publish a saved filter that they created.
Answer: B
NEW QUESTION # 65
Which is required for a valid profile?
- A. at least one question
- B. at least one level of review
- C. at least one rule
- D. at least one currency bucket
Answer: D
NEW QUESTION # 66
Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested
Matches list? (Choose two.)
- A. Enter a date for the adjustment.
- B. Enter an adjustment amount.
- C. Select the data source to adjust.
- D. Select an Adjustment Type.
Answer: C,D
NEW QUESTION # 67
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 # 68
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. On the Reassignment Requests tab in System Settings, in the Allow Reassignment Request Approval By
option, select Users. - B. On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.
- C. In his User Preferences, John should select the Approve Reassignments option.
- D. Add John to the Reassignment Approvers security group.
Answer: A
NEW QUESTION # 69
Which two rule types are available in profiles? (Choose two.)
- A. Require Reconciliation Attachment
- B. Copy Transactions from Prior Reconciliation
- C. Flag As Needs Attention
- D. Auto Approve Reconciliation
- E. Delete Reconciliation
Answer: B,D
NEW QUESTION # 70
Which is NOT an attribute type for reconciliation compliance attributes?
- A. Location
- B. Yes/No
- C. True/False
- D. Number
Answer: A
NEW QUESTION # 71
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. review reconciliations
- D. prepare reconciliations
Answer: A
NEW QUESTION # 72
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Oracle 1z0-1087-23 Daily Practice Exam New 2023 Updated 81 Questions: https://drive.google.com/open?id=1llw_v65oITXcjQix9pGpd2rrHOR2c2uV
