oracle 1z0-1087-21 practice test

Oracle Account Reconciliation 2021 Implementation Essentials Exam


Question 1

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 reassigned to the primary member of the team for review and approval,
  • B. The reconciliation is flagged as invalid and needs to be re-created by the administrator.
  • C. Changes made by the deleted member are reverted and the deleted member is removed from the reconciliation as preparer.
  • D. Changes made by the deleted member are kept intact and the deleted member still appears as the original preparer.
Answer:

D

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Question 2

Which three fields are required in a load file for pre-mapped balances?

  • A. Currency Code
  • B. Currency Bucket
  • C. Period
  • D. Reconciliation ID
  • E. Entity
  • F. Amount
Answer:

ADF

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Question 3

Which statement is FALSE about calendars?

  • A. Calendars are associated with periods and organizational units.
  • B. One period may have many calendars to reflect different date configurations for the period.
  • C. An organizational unit can be assigned many calendars to enable reconciliations for different financial dates.
  • D. Calendars set the dates and frequencies for each period.
Answer:

D

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Question 4

Which two are matching rule types?

  • A. Matches Exactly
  • B. Matches with Tolerance
  • C. Suggested Match
  • D. Adjustment
  • E. One to One
Answer:

CD

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Question 5

An error occurs during an import transactions job for a match type. What is the result of the job?

  • A. The job deletes all match type transactions, and the job status is set to Failed and Deleted,
  • B. Successfully imported transactions are committed to the system, failed transactions are logged, and the job status is set to Completed with Errors.
  • C. The entire import is rolled back, and the job status is set to Failed.
  • D. The transactions are not imported, the match type is locked, and the job status it set to Failed and Locked.
Answer:

B

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Question 6

Which statement is FALSE regarding user-defined attributes?

  • A. You can no longer add/edit attributes after reconciliations are created.
  • B. They can be added to formats, profiles, and transactions.
  • C. They can include calculated values.
  • D. You can assign access to attributes by user role.
Answer:

A

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Question 7

Which is true when you reopen a reconciliation?

  • A. It reopens to the service administrator.
  • B. It reopens to the last reviewer.
  • C. You select the role to which it reopens to.
  • D. It reopens to the preparer.
Answer:

B

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Question 8

Which two tasks can be performed using EPM Automate?

  • A. Set period status.
  • B. Export journals.
  • C. Import match types.
  • D. Load pre-mapped balances.
Answer:

BC

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Question 9

Which two statements are true about reconciliation compliance filters?

  • A. They can control the records that you see in the list views.
  • B. They can be used by the rules engine.
  • C. They allow you to save columns to view records on the screen.
  • D. You can apply them against unmatched transactions.
Answer:

BC

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Question 10

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. New objects are created in the system from the objects in the import file if they do not exist.
  • C. Objects with the same name in the system as in the import file are not updated.
  • D. Objects from the import file overwrite objects with the same name in the system.
Answer:

A

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