[May 17, 2024] Updates Up to 365 days On Valid 1z0-1087-23 Braindumps
Best Quality1z0-1087-23 Exam Questions Oracle Test To Gain Brilliante Result
NEW QUESTION # 24
Which transaction matching method is used to match the transactions between two systems if period-end
reconciliation is not the objective?
- A. Account Analysis with Transaction Matching
- B. Variance Analysis with Transaction Matching
- C. Transaction Matching Only
- D. Balance Comparison with Transaction Matching
Answer: B
NEW QUESTION # 25
Which two are tasks that can be performed using EPM Automate? (Choose two.)
- A. set period status
- B. import premapped data
- C. export balances
- D. export journals
Answer: B,C
NEW QUESTION # 26
Which three types of reconciliations are suitable for the Transaction Matching feature? (Choose three.)
- A. reconciliations with 2 or more data sources, like a cash or accounts receivable account
- B. reconciliations that have amortizing transactions
- C. reconciliations that are typically zero balance accounts with low activity
- D. reconciliations with a single data source, like a clearing account
- E. accounts with high volumes of data
Answer: A,C,D
NEW QUESTION # 27
For which scenario could a match type with a single data source be appropriate?
- A. intercompany matching
- B. matching credits and debits for a clearing account
- C. matching bank and point-of-sale transactions
- D. variance analysis for current and prior period balances
Answer: B
NEW QUESTION # 28
You are creating a matching rule, and you want transactions that are within the specified tolerance range to be
matched automatically, with no need for further user review.
Which option should you choose for the Match Status?
- A. Auto Approve
- B. Auto Submit
- C. Suggested
- D. Confirmed
Answer: A
NEW QUESTION # 29
Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data
Management? (Choose two.)
- A. BAI
- B. EDI
- C. XML
- D. SWIFT MT940
Answer: A,D
NEW QUESTION # 30
Which two rule types are available in profiles? (Choose two.)
- A. Flag As Needs Attention
- B. Delete Reconciliation
- C. Require Reconciliation Attachment
- D. Auto Approve Reconciliation
- E. Copy Transactions from Prior Reconciliation
Answer: D,E
NEW QUESTION # 31
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 system automatically claims the reconciliation for the primary use when the reconciliation status changes to Open (with preparer).
- 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 can edit the reconciliation properties.
- D. The primary user must approve the reconciliation before the preparer submits the reconciliation.
Answer: A
NEW QUESTION # 32
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. Select a format with the Variance Analysis reconciliation method for the profile.
- B. On the currency tab, enable a currency bucket for that prior period balance.
- C. Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.
- D. Add a rule to the Rules tab.
Answer: A
NEW QUESTION # 33
Which statement is FALSE about the review process in reconciliation compliance?
- A. You can assign backup reviewers.
- B. Reviewers are sent notifications.
- C. You can have up to seven levels of review.
- D. You can assign a team as reviewer.
Answer: D
NEW QUESTION # 34
What happens when you select the Key option for a data source attribute?
- A. The attribute is hidden from users.
- B. Values are required for the attribute.
- C. Transactions are sorted by the attribute.
- D. Transactions with the same key attributes cannot be loaded.
Answer: B
NEW QUESTION # 35
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. Add John to the Reassignment Approvers security group.
- C. On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.
- D. In his User Preferences, John should select the Approve Reassignments option.
Answer: A
NEW QUESTION # 36
Which statement is FALSE regarding user-defined attributes?
- A. They can include calculated values.
- B. You can assign access to attributes by user role.
- C. You can no longer add/edit attributes after reconciliations are created.
- D. They can be added to formats, profiles, and transactions.
Answer: C
NEW QUESTION # 37
From which two dates defined in the period can you schedule reconciliations? (Choose two.)
- A. start date
- B. close date
- C. end date
- D. prior period end date
Answer: B,C
NEW QUESTION # 38
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. They do not participate in period-end compliance workflow.
- C. You must create profiles for them.
- D. They display in both the Reconciliations list and the Matching list.
Answer: C
NEW QUESTION # 39
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Tested Material Used To 1z0-1087-23: https://drive.google.com/open?id=1CgjfTT4cEJUl0wVTsiX4F3xlHS9RtFaf
