[Nov 12, 2022] Valid 1z0-1087-22 Test Answers Full-length Practice Certification Exams
Accurate & Verified 2022 New 1z0-1087-22 Answers As Experienced in the Actual Test!
Oracle 1z0-1087-22 Exam Syllabus Topics:
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NEW QUESTION 12
Which statement regarding user-defined attributes is FALSE?
- A. You can no longer add/edit attributes after reconciliations are created.
- B. You can assign access by user role.
- C. They can be assigned default value.
- D. They can include calculated values.
Answer: A
NEW QUESTION 13
Which statement is FALSE about the review process in reconciliation compliance?
- A. You can assign backup reviewers.
- B. You can have up to seven levels of review.
- C. Reviewers are sent notifications.
- D. You can assign a team as reviewer.
Answer: D
NEW QUESTION 14
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. Export the transactions from the prior period reconciliation and then import them to the current period reconciliation.
- B. In the Reconciliations list, copy the reconciliation from the prior period and paste it into the current period.
- C. In the profile for Prepaid Expenses reconciliations, select 'Include Prior Period Transactions'.
- D. In the Balance Explanations tab of the current period reconciliation, select 'Copy Transactions from Prior Reconciliation'.
Answer: C
NEW QUESTION 15
Which two are matching rule types?
- A. Adjustment
- B. Matches with Tolerance
- C. Suggested Match
- D. One to One
- E. Matches Exactly
Answer: A,C
NEW QUESTION 16
Which ability does NOT belong to users with the Power User role?
- A. edit profiles to which they are assigned access
- B. edit formats to which they are assigned access
- C. prepare reconciliations
- D. review reconciliations
Answer: B
NEW QUESTION 17
Which statement is true regarding the Normal Balance attribute in a profile?
- A. When it is selected, reconciliations display a warning if their balance is zero.
- B. Reconciliations display a warning if the balance type is other than expected.
- C. Preparers cannot save a reconciliation if the balance type is other than expected.
- D. It is assigned automatically based on the account type.
Answer: B
NEW QUESTION 18
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 19
You want to require that preparers answer a question certifying that they followed the company accounting policies in preparing the reconciliation.
Where do you add the questions?
- A. to the profile
- B. to the format
- C. to the match type
- D. to the reconciliation
Answer: B
NEW QUESTION 20
Which statement is FALSE about the profile segments?
- A. The profile segments control the mapping of balances to reconciliations.
- B. The profile segments specify the level at which the organization reconcile account balances.
- C. The profile segments are configured as part of the system attributes,
- D. You cannot change the profile segments after you have loaded profiles.
Answer: B
NEW QUESTION 21
Which is NOT a step in the process for reconciliation compliance?
- A. confirm suggested matches
- B. execute automation like Automatic Recon and Rules
- C. load balances
- D. prepare reconciliations
Answer: A
NEW QUESTION 22
To which do you assign default currencies?
- A. organizational units
- B. currency buckets
- C. account ids
- D. formats
Answer: B
NEW QUESTION 23
Which statement is true for profiles that have a Quarterly frequency selected?
- A. They must be assigned a quarterly calendar.
- B. You cannot create reconciliations for profiles with transaction matching reconciliation methods for quarterly periods.
- C. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.
- D. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.
Answer: C
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 24
Which is required for a valid profile?
- A. at least one level of review
- B. at least one currency bucket
- C. at least one Question:
- D. at least one rule
Answer: B
NEW QUESTION 25
Which statement about rules is FALSE?
- A. You can use a saved filter as the condition in a rule.
- B. A profile can have a maximum of three rules.
- C. A rule can set a reconciliation attribute to a specified value when the rule conditions are met.
- D. Profiles inherit rules from their formats.
Answer: B
NEW QUESTION 26
Which two conditions can make a profile invalid? (Choose two.)
- A. No currency buckets are enabled.
- B. Aging limits have not been specified.
- C. The Normal Balance setting does not match the account type.
- D. No preparer is assigned on the Workflow tab.
Answer: C,D
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. matching credits and debits for a clearing account
- C. matching bank and point-of-sale transactions
- D. intercompany matching
Answer: B
NEW QUESTION 28
Which is the minimum user security role required to edit profiles?
- A. User
- B. Viewer
- C. Power User
- D. Service Administrator
Answer: A
NEW QUESTION 29
Which two are tasks that can be performed using EPM Automate? (Choose two.)
- A. import premapped data
- B. export journals
- C. set period status
- D. export balances
Answer: A,D
NEW QUESTION 30
A profile's properties have been modified and the changes saved. Which statement is correct?
- A. Existing reconciliations that use the profile are updated after approval by a system administrator.
- B. Existing reconciliations that use the profile are not updated.
- C. Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with the changes.
- D. Existing reconciliations with Pending status that use the profile are updated with the changes.
Answer: C
NEW QUESTION 31
From which two dates defined in the period can you schedule reconciliations? (Choose two.)
- A. prior period end date
- B. end date
- C. start date
- D. close date
Answer: B,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. NZP
- B. 0
- C. Include Null
- D. Source system
Answer: A
NEW QUESTION 33
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 34
An error occurs during an import transactions job for a match type. What is the result of the job?
- A. The transactions are not imported, the match type is locked, and the job status it set to Failed and Locked.
- B. The job deletes all match type transactions, and the job status is set to Failed and Deleted,
- C. Successfully imported transactions are committed to the system, failed transactions are logged, and the job status is set to Completed with Errors.
- D. The entire import is rolled back, and the job status is set to Failed.
Answer: C
NEW QUESTION 35
Which two are properties of the organizational unit? (Choose two.)
- A. calendar
- B. tax jurisdiction
- C. language
- D. work days
Answer: A,D
NEW QUESTION 36
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