oracle 1z0-1087-20 practice test

Oracle EPM Account Reconciliation 2020 Implementation Essentials


Question 1

Which two rule types are available in profiles? (Choose two.)

  • A. Flag As Needs Attention
  • B. Auto Approve Reconciliation
  • C. Require Reconciliation Attachment
  • D. Delete Reconciliation
  • E. Copy Transactions from Prior Reconciliation
Answer:

B E

Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/adarc/admin_recons_edit_100xd76326fc.html

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Question 2

For which scenario could a match type with a single data source be appropriate?

  • A. matching credits and debits for a clearing account
  • B. intercompany matching
  • C. matching bank and point-of-sale transactions
  • D. variance analysis for current and prior period balances
Answer:

A

Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-
cloud/suarc/admin_trans_match_setup_define_data_sources_100x69257777.html

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Question 3

Which two statements are true about Group reconciliations? (Choose two.)

  • A. Group reconciliations include other individual reconciliations as children.
  • B. You cannot use Data Management to import balances for group reconciliations.
  • C. The format for the reconciliation must be enabled for Group Reconciliation.
  • D. The Group Detail tab shows data for the group reconciliation sub segments.
  • E. You can import balances into periods as pre-mapped data.
Answer:

C E

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Question 4

Which two attribute types are required for each data source? (Choose two.)

  • A. Key Field
  • B. Accounting Date
  • C. Calculation
  • D. Balancing Attribute
Answer:

B D

Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-
cloud/suarc/admin_trans_match_setup_define_data_sources_100x69257777.html

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Question 5

What happens when you load balances to a reconciliation with the status Closed or Open With Reviewer and the balance is
different than what was already Certified?

  • A. The status reverts to Pending.
  • B. The import fails.
  • C. The status reverts to Open with Preparer.
  • D. The status is unchanged but a notification is sent to the related users.
Answer:

C

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Question 6

Which statement regarding user-defined attributes is FALSE?

  • A. You can assign access by user role.
  • B. They can include calculated values.
  • C. They can be assigned default value.
  • D. You can no longer add/edit attributes after reconciliations are created.
Answer:

D

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Question 7

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 meets its start date
  • D. after the reconciliation status changes to Open With Preparer
Answer:

A

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Question 8

Which two are properties of the organizational unit? (Choose two.)

  • A. work days
  • B. calendar
  • C. language
  • D. tax jurisdiction
Answer:

A B

Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/setup_org_units_add_120xd0591c49.html

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Question 9

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. On the currency tab, enable a currency bucket for that prior period balance.
  • B. Add a rule to the Rules tab.
  • C. Select a format with the Variance Analysis reconciliation method for the profile.
  • D. Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.
Answer:

C

Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/GUID-52A3F1EF-7D35-41F5-A284-
861268631470.pdf

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Question 10

What results if you load balances using Data Management to a period to which you previously imported pre-mapped
balances?

  • A. The Data Management data load fails.
  • B. You are prompted whether to overwrite the pre-mapped balances.
  • 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

Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-
cloud/adarc/admin_import_premapped_balances_102xfdf77b0f.html

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