Free Dec-2023 UPDATED Oracle 1z0-1087-23 Certification Exam Dumps is Online
Oracle Exam 2023 1z0-1087-23 Dumps Updated Questions
NEW QUESTION # 12
Which two are matching rule types?
- A. Matches with Tolerance
- B. Adjustment
- C. Matches Exactly
- D. Suggested Match
- E. One to One
Answer: B,D
NEW QUESTION # 13
Which two statements are true about importing and exporting match types? (Choose two.)
- A. Import can update match types with Pending status only.
- B. Match types are exported to a .zip folder.
- C. Match types are exported to comma-separated (CSV) files.
- D. Import can update match types with Approved status only.
Answer: A,C
NEW QUESTION # 14
Which two attribute types are required for each data source? (Choose two.)
- A. Accounting Date
- B. Key Field
- C. Balancing Attribute
- D. Calculation
Answer: A,C
NEW QUESTION # 15
From which two dates defined in the period can you schedule reconciliations? (Choose two.)
- A. end date
- B. close date
- C. prior period end date
- D. start date
Answer: A,B
NEW QUESTION # 16
Where do you navigate to configure power users access to profiles?
- A. under Application, select Configuration, and then Profile Segments
- B. under Tools, select Access Control, then Power User Security
- C. under Application, select Profiles
- D. under Application, select Configuration, and then System Settings
Answer: D
NEW QUESTION # 17
Which statement is true for profiles that have a Quarterly frequency selected?
- A. You cannot create reconciliations for profiles with transaction matching reconciliation methods for
quarterly periods. - B. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.
- 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 # 18
Which statement is FALSE regarding user-defined attributes?
- A. You can no longer add/edit attributes after reconciliations are created.
- B. They can be added to formats, profiles, and transactions.
- C. You can assign access to attributes by user role.
- D. They can include calculated values.
Answer: A
NEW QUESTION # 19
How can you configure a profile for reconciliation compliance to show the variance between a current period
balance and a prior period balance in a separate workflow from the reconciliation?
- A. Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.
- B. On the currency tab, enable a currency bucket for that prior period balance.
- C. Select a format with the Variance Analysis reconciliation method for the profile.
- D. Add a rule to the Rules tab.
Answer: C
NEW QUESTION # 20
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. Supplemental Data Management form
- B. Smart View
- C. 'Import pre-mapped balances' option in the Periods page
- D. Data Management data load rule
Answer: D
NEW QUESTION # 21
When can you run auto-matching for a transaction matching reconciliation?
- A. after you load transactions to the reconciliation data sources
- B. after the period end date is reached
- C. after the reconciliation status changes to Open With Preparer
- D. after the reconciliation meets its start date
Answer: A
NEW QUESTION # 22
In which location do you configure rules for reconciliation compliance transactions?
- A. Match Type
- B. Format
- C. Profile
- D. Reconciliation
Answer: B
NEW QUESTION # 23
Which statement is FALSE about calendars?
- A. Calendars set the dates and frequencies for each 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. One period may have many calendars to reflect different date configurations for the period.
Answer: A
NEW QUESTION # 24
Which reconciliation method is appropriate for a prepaid insurance reconciliation that explains the current
month balance?
- A. Balance Comparison
- B. Transaction Matching
- C. Variance Analysis
- D. Account Analysis
Answer: A
NEW QUESTION # 25
A team has been assigned as the preparer for a reconciliation, and one team member is designated as the
primary user.
What characterizes the primary user?
- A. The primary user can edit the reconciliation properties.
- B. The system automatically re-assigned the reconciliation to the primary user when the current preparer is
out of the office. - C. The primary user must approve the reconciliation before the preparer submits the reconciliation.
- D. The system automatically claims the reconciliation for the primary use when the reconciliation status changes to Open (with preparer).
Answer: D
NEW QUESTION # 26
Which three statements are true about importing transaction matching transactions from the Jobs page?
(Choose three.)
- A. Auto-match can run automatically after the import is finished.
- B. You can select comma or tab for delimiter, or enter a user-defined delimiter.
- C. You can import transactions to a match type only if its status is Pending.
- D. You must select a match type for the import.
- E. You select a separate load file for each data source.
Answer: A,C,D
NEW QUESTION # 27
Which two auto-reconciliation methods for reconciliations use the Account Analysis format?
- A. Zero activity
- B. Balance is zero
- C. No transactions
- D. Balance is normal
- E. Unexplained difference is zero
Answer: B,E
NEW QUESTION # 28
Which rule runs during the post-processing of data loads?
- A. Send Email On Update
- B. Create Reconciliations
- C. Auto Submit Reconciliation
- D. Auto Match Transactions
- E. Copy Transactions
Answer: D
NEW QUESTION # 29
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. Select an Adjustment Type.
- C. Enter an adjustment amount.
- D. Select the data source to adjust.
Answer: B,D
NEW QUESTION # 30
Which statement about rules is FALSE?
- A. A profile can have a maximum of three rules.
- B. A rule can set a reconciliation attribute to a specified value when the rule conditions are met.
- C. Profiles inherit rules from their formats.
- D. You can use a saved filter as the condition in a rule.
Answer: A
NEW QUESTION # 31
Which statement is always true of data loads from Data Management?
- A. You cannot load data into reconciliations with a status of Closed.
- B. Only users with the administrator role can run data loads.
- C. If there is no change in the balance, the reconciliation is not updated.
- D. You must select either Actual or Budget as the scenario for the data.
Answer: D
NEW QUESTION # 32
Which expression do you include in the Expression field of the Amount column in an import format to ensure
that zero balances are loaded?
- A. Include Null
- B. Source system
- C. 0
- D. NZP
Answer: D
NEW QUESTION # 33
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. Transaction Matching Only
- C. Account Analysis with Transaction Matching
- D. Variance Analysis with Transaction Matching
Answer: D
NEW QUESTION # 34
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