[2023] Pass Key features of 1z0-1087-23 Course with Updated 81 Questions
1z0-1087-23 Sample Practice Exam Questions 2023 Updated Verified
NEW QUESTION # 20
Which two attribute types are required for each data source? (Choose two.)
- A. Balancing Attribute
- B. Key Field
- C. Accounting Date
- D. Calculation
Answer: A,C
NEW QUESTION # 21
The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which
two are possible explanations? (Choose two.)
- A. Journal adjustments created were not posted.
- B. You do not have security access to all the transactions.
- C. The data load for transactions was incomplete.
- D. Currency exchanges rates are out of date.
Answer: A,B
NEW QUESTION # 22
Which statement is FALSE about calendars?
- A. Calendars are associated with periods and organizational units.
- B. Calendars set the dates and frequencies for each period.
- C. One period may have many calendars to reflect different date configurations for the period.
- D. An organizational unit can be assigned many calendars to enable reconciliations for different financial
dates.
Answer: B
NEW QUESTION # 23
Which is the minimum user security role required to edit profiles?
- A. Service Administrator
- B. User
- C. Viewer
- D. Power User
Answer: B
NEW QUESTION # 24
Which statement about manual matching in transaction matching is FALSE?
- A. You can manually match transactions only if the amounts are within the tolerance.
- B. You can create adjustments to balance a match set.
- C. You must be a power user or service administrator to create manual matches.
- D. Transactions for which auto-matching rules did not find matches can be manually matched.
Answer: A
NEW QUESTION # 25
Which statement is true for profiles that have a Quarterly frequency selected?
- A. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.
- B. You cannot create reconciliations for profiles with transaction matching reconciliation methods for
quarterly periods. - C. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.
- D. They must be assigned a quarterly calendar.
Answer: A
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 # 26
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. Worklist
- B. Reconciliations List
- C. Compliance Dashboard
- D. Overview Dashboard
Answer: C
NEW QUESTION # 27
Which two auto-reconciliation methods for reconciliations use the Account Analysis format?
- A. Balance is zero
- B. No transactions
- C. Zero activity
- D. Balance is normal
- E. Unexplained difference is zero
Answer: A,E
NEW QUESTION # 28
Which statement about loading pre-mapped balances is FALSE?
- A. You must select a period to which to load the balances.
- B. You can import from either tab separated or comma separated files.
- C. You can drill back to the ERP from the reconciliation screen.
- D. You must select a currency bucket for the import.
Answer: C
NEW QUESTION # 29
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 User Preferences, change your status to Out of Office.
- B. In the Actions menu of the reconciliations, select Request Reassignment.
- 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 # 30
Which statement is FALSE about the profile segments?
- A. You cannot change the profile segments after you have loaded profiles.
- B. The profile segments are configured as part of the system attributes,
- C. The profile segments specify the level at which the organization reconcile account balances.
- D. The profile segments control the mapping of balances to reconciliations.
Answer: C
NEW QUESTION # 31
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 # 32
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. Transaction Matching Only
- D. Account Analysis with Transaction Matching
Answer: B
NEW QUESTION # 33
Which statement is FALSE regarding user-defined attributes?
- A. You can assign access to attributes by user role.
- B. You can no longer add/edit attributes after reconciliations are created.
- C. They can be added to formats, profiles, and transactions.
- D. They can include calculated values.
Answer: B
NEW QUESTION # 34
Which statement is FALSE of teams?
- A. Teams can be assigned a primary user.
- B. A team can have another team as a member.
- C. Teams are assigned to profiles on the Workflow tab.
- D. A user can belong to more than one team.
Answer: C
NEW QUESTION # 35
Which two statements are true about Group reconciliations? (Choose two.)
- A. The format for the reconciliation must be enabled for Group Reconciliation.
- B. The Group Detail tab shows data for the group reconciliation sub segments.
- C. Group reconciliations include other individual reconciliations as children.
- D. You cannot use Data Management to import balances for group reconciliations.
- E. You can import balances into periods as pre-mapped data.
Answer: A,E
NEW QUESTION # 36
What results if you load balances using Data Management to a period to which you previously imported pre-
mapped balances?
- A. You are prompted whether to 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. The balances loaded through Data Management overwrite the pre-mapped balances.
Answer: D
NEW QUESTION # 37
For which scenario could a match type with a single data source be appropriate?
- A. variance analysis for current and prior period balances
- B. intercompany matching
- C. matching credits and debits for a clearing account
- D. matching bank and point-of-sale transactions
Answer: C
NEW QUESTION # 38
Which statement about journals in transaction matching is FALSE?
- A. You create separate journal column mappings for adjustments and transactions.
- B. For adjustments, the variance amount is exported to the Amount column.
- C. You create separate journal columns for each match type.
- D. For transactions, you can apply a data source filter to the export.
Answer: B
NEW QUESTION # 39
Which is NOT a step in configuring journals in Transaction Matching?
- A. create journal columns
- B. map journal columns to data source attribute columns
- C. create journal templates
- D. define data source filters
Answer: C
NEW QUESTION # 40
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 Open with Preparer.
- B. The status reverts to Pending.
- C. The import fails.
- D. The status is unchanged but a notification is sent to the related users.
Answer: A
NEW QUESTION # 41
Where do you navigate to configure power users access to profiles?
- A. under Application, select Configuration, and then System Settings
- B. under Application, select Profiles
- C. under Tools, select Access Control, then Power User Security
- D. under Application, select Configuration, and then Profile Segments
Answer: A
NEW QUESTION # 42
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