Pass 1z0-1087-23 Exam in First Attempt Guaranteed 100% Cover Real Exam Questions [Dec-2023]
Valid 1z0-1087-23 test answers & Oracle 1z0-1087-23 exam pdf
NEW QUESTION # 20
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 # 21
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 # 22
In a reconciliation profile, the Account Payable Reviewers team is assigned as the reviewer, and you want to
require that ALL team members approve the reconciliation.
Which action should you perform?
- A. Do not select a Primary User for the Account Payable Reviewers team.
- B. Add a rule of the type Require Team Review to the Rules tab.
- C. In the Instructions tab of the profile, add instructions for all team members to review the reconciliation.
- D. On the Workflow tab of the Profile, select All Reviewers in the Require Action By field.
Answer: D
NEW QUESTION # 23
Which two statements are true about reconciliation compliance filters?
- A. They can control the records that you see in the list views.
- B. They allow you to save columns to view records on the screen.
- C. They can be used by the rules engine.
- D. You can apply them against unmatched transactions.
Answer: B,C
NEW QUESTION # 24
Which two are tasks that can be performed using EPM Automate? (Choose two.)
- A. import premapped data
- B. export journals
- C. export balances
- D. set period status
Answer: A,C
NEW QUESTION # 25
Which three fields are required in a load file for pre-mapped balances?
- A. Entity
- B. Reconciliation ID
- C. Period
- D. Currency Bucket
- E. Currency Code
- F. Amount
Answer: B,E,F
NEW QUESTION # 26
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 # 27
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 # 28
Which two statements are true about importing and exporting match types? (Choose two.)
- A. Match types are exported to a .zip folder.
- B. Import can update match types with Approved status only.
- C. Import can update match types with Pending status only.
- D. Match types are exported to comma-separated (CSV) files.
Answer: C,D
NEW QUESTION # 29
The objects within the match type refer to data sources, the data source attributes, the match processes, the
rules, and the rule conditions. Which statement is FALSE about importing a match type with the same name as
an existing match type?
- A. Objects that exist in the system but not in the import file are deleted.
- B. Objects from the import file overwrite objects with the same name in the system.
- C. New objects are created in the system from the objects in the import file if they do not exist.
- D. Objects with the same name in the system as in the import file are not updated.
Answer: A
NEW QUESTION # 30
In which row does an unmatched transaction with an accounting date of April 30th display in the period-end
reconciliation for May 31?
- A. Unmatched
- B. Matched In Transit
- C. Unmatched Supported
- D. It is excluded from the report
Answer: C
NEW QUESTION # 31
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 can perform matching on reconciliations for the match type.
- D. You cannot edit the matching rules.
Answer: B,C
NEW QUESTION # 32
In the Balance Explanations tab of the Prepaid Expenses reconciliation, you want to include the transactions
and attachments from the prior period in the current period.
Which action should you perform?
- A. In the Reconciliations list, copy the reconciliation from the prior period and paste it into the current
period. - B. In the Balance Explanations tab of the current period reconciliation, select 'Copy Transactions from
Prior Reconciliation'. - C. In the profile for Prepaid Expenses reconciliations, select 'Include Prior Period Transactions'.
- D. Export the transactions from the prior period reconciliation and then import them to the current period reconciliation.
Answer: C
NEW QUESTION # 33
What happens to a reconciliation if a team member who prepared the reconciliation is deleted from the team at
a later point of time?
- A. Changes made by the deleted member are kept intact and the deleted member still appears as the original preparer.
- B. Changes made by the deleted member are reassigned to the primary member of the team for review and
approval, - C. The reconciliation is flagged as invalid and needs to be re-created by the administrator.
- D. Changes made by the deleted member are reverted and the deleted member is removed from the
reconciliation as preparer.
Answer: A
NEW QUESTION # 34
Which two are properties of the organizational unit? (Choose two.)
- A. work days
- B. tax jurisdiction
- C. calendar
- D. language
Answer: A,C
NEW QUESTION # 35
Which is required for a valid profile?
- A. at least one question
- B. at least one currency bucket
- C. at least one rule
- D. at least one level of review
Answer: B
NEW QUESTION # 36
Which three statements are true about importing transaction matching transactions from the Jobs page?
(Choose three.)
- A. You can select comma or tab for delimiter, or enter a user-defined delimiter.
- B. You select a separate load file for each data source.
- C. You can import transactions to a match type only if its status is Pending.
- D. Auto-match can run automatically after the import is finished.
- E. You must select a match type for the import.
Answer: C,D,E
NEW QUESTION # 37
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 backup reviewers.
- C. Reviewers are sent notifications.
- D. You can assign a team as reviewer.
Answer: D
NEW QUESTION # 38
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 # 39
Which statement is true regarding the Normal Balance attribute in a profile?
- A. Preparers cannot save a reconciliation if the balance type is other than expected.
- B. It is assigned automatically based on the account type.
- C. Reconciliations display a warning if the balance type is other than expected.
- D. When it is selected, reconciliations display a warning if their balance is zero.
Answer: C
NEW QUESTION # 40
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 must approve the reconciliation before the preparer submits the reconciliation.
- B. The system automatically re-assigned the reconciliation to the primary user when the current preparer is
out of the office. - C. The system automatically claims the reconciliation for the primary use when the reconciliation status changes to Open (with preparer).
- D. The primary user can edit the reconciliation properties.
Answer: C
NEW QUESTION # 41
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. Confirmed
- C. Suggested
- D. Auto Submit
Answer: A
NEW QUESTION # 42
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 # 43
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 # 44
Which reconciliation method is appropriate for a prepaid insurance reconciliation that explains the current
month balance?
- A. Account Analysis
- B. Transaction Matching
- C. Variance Analysis
- D. Balance Comparison
Answer: D
NEW QUESTION # 45
......
1z0-1087-23 Exam Questions – Valid 1z0-1087-23 Dumps Pdf: https://www.prepawayete.com/Oracle/1z0-1087-23-practice-exam-dumps.html
Verified 1z0-1087-23 dumps Q&As - Pass Guarantee: https://drive.google.com/open?id=1edlUOgaX9zF7Lp_QGXWH9Rj3oWIU0-Zc