Updated Apr-2024 100% Cover Real 1z0-1087-23 Exam Questions Make Sure You 100% Pass
1z0-1087-23 dumps Accurate Questions and Answers with Free and Fast Updates
NEW QUESTION # 18
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 balances loaded through Data Management overwrite the pre-mapped balances.
- D. The reconciliation takes the balances loaded through Data Management and the pre-mapped balance load, and totals them.
Answer: C
NEW QUESTION # 19
Which is NOT a step in the process for reconciliation compliance?
- A. load balances
- B. confirm suggested matches
- C. execute automation like Automatic Recon and Rules
- D. prepare reconciliations
Answer: B
NEW QUESTION # 20
Which statement about journals in transaction matching is FALSE?
- A. You create separate journal columns for each match type.
- B. For transactions, you can apply a data source filter to the export.
- C. For adjustments, the variance amount is exported to the Amount column.
- D. You create separate journal column mappings for adjustments and transactions.
Answer: C
NEW QUESTION # 21
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 Submit
- B. Suggested
- C. Confirmed
- D. Auto Approve
Answer: D
NEW QUESTION # 22
Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data
Management? (Choose two.)
- A. SWIFT MT940
- B. XML
- C. BAI
- D. EDI
Answer: A,C
NEW QUESTION # 23
You want the holidays to be skipped when scheduling due dates for reconciliations for an organizational unit.
What should you do?
- A. Edit the due date in the reconciliations for the organizational unit.
- B. Create a calendar and assign it to the organizational unit.
- C. Create a holiday rule and assign it to the organizational unit.
- D. Add a rule to the Rules tab of the profiles for the reconciliations.
Answer: C
NEW QUESTION # 24
Which statement is FALSE about calendars?
- A. One period may have many calendars to reflect different date configurations for the period.
- B. Calendars set the dates and frequencies for each period.
- C. An organizational unit can be assigned many calendars to enable reconciliations for different financial
dates. - D. Calendars are associated with periods and organizational units.
Answer: B
NEW QUESTION # 25
Which is required for a valid profile?
- A. at least one level of review
- B. at least one question
- C. at least one currency bucket
- D. at least one rule
Answer: C
NEW QUESTION # 26
Which statement is FALSE of teams?
- A. A user can belong to more than one team.
- B. Teams are assigned to profiles on the Workflow tab.
- C. Teams can be assigned a primary user.
- D. A team can have another team as a member.
Answer: B
NEW QUESTION # 27
Which two statements are true about Group reconciliations? (Choose two.)
- A. The Group Detail tab shows data for the group reconciliation sub segments.
- B. Group reconciliations include other individual reconciliations as children.
- C. You can import balances into periods as pre-mapped data.
- D. The format for the reconciliation must be enabled for Group Reconciliation.
- E. You cannot use Data Management to import balances for group reconciliations.
Answer: C,D
NEW QUESTION # 28
Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation
method?
- A. They display in both the Reconciliations list and the Matching list.
- B. You must create profiles for them.
- C. They do not participate in period-end compliance workflow.
- D. They do not need to be created for periods.
Answer: B
NEW QUESTION # 29
Which statement regarding user-defined attributes is FALSE?
- A. You can assign access by user role.
- B. You can no longer add/edit attributes after reconciliations are created.
- C. They can include calculated values.
- D. They can be assigned default value.
Answer: B
NEW QUESTION # 30
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 the Actions menu of the reconciliations, select Request Reassignment.
- B. Click the Release button in the reconciliations to release it to the other team members.
- C. In the Workflow tab of the reconciliations, select a backup preparer in the Backup Preparer field.
- D. In User Preferences, change your status to Out of Office.
Answer: C
NEW QUESTION # 31
Which is NOT a step in configuring journals in Transaction Matching?
- A. map journal columns to data source attribute columns
- B. create journal templates
- C. create journal columns
- D. define data source filters
Answer: B
NEW QUESTION # 32
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 # 33
Which statement is FALSE about reconciliations when the period is Closed?
- A. Reviewers can approve reconciliations under review.
- B. Preparers can submit reconciliations with Open status.
- C. You can load data to reconciliations for the period.
- D. Reconciliations with Pending status can start.
Answer: C
NEW QUESTION # 34
Which two are tasks that can be performed using EPM Automate? (Choose two.)
- A. export journals
- B. import premapped data
- C. export balances
- D. set period status
Answer: B,C
NEW QUESTION # 35
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. Unmatched Supported
- C. Matched In Transit
- D. It is excluded from the report
Answer: B
NEW QUESTION # 36
......
Real 1z0-1087-23 Quesions Pass Certification Exams Easily: https://www.practicevce.com/Oracle/1z0-1087-23-practice-exam-dumps.html
Practice with these 1z0-1087-23 dumps Certification Sample Questions: https://drive.google.com/open?id=1Lm-bqz0wnc8k__U71KpyF0ODaj0kQC83