[Feb 22, 2022] 1Z0-1087-20 Ultimate Study Guide - BraindumpsIT
Ultimate Guide to Prepare 1Z0-1087-20 Certification Exam for Account Reconciliation in 2022
Oracle 1Z0-1087-20 Exam Syllabus Topics:
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NEW QUESTION 24
Which statement is true about saved filters?
- A. Only service administrators can publish filters.
- B. Saved Filters are public by default.
- C. Any user can publish a saved filter that they created.
- D. Only power users and service administrators can publish filters.
Answer: B
NEW QUESTION 25
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 26
Which statement is FALSE about Summary reconciliations?
- A. You can select Show All on the Balance Summary tab to view balances for the child reconciliations.
- B. Summary reconciliations include other individual reconciliations as children.
- C. The Group Detail tab shows transactions for the sub segments.
- D. The Unexplained Difference on the Balance Summary tab shows the total unexplained difference for all the child reconciliations.
Answer: C
NEW QUESTION 27
Where do you navigate to configure power users access to profiles?
- A. under Tools, select Access Control, then Power User Security
- B. under Application, select Configuration, and then System Settings
- C. under Application, select Configuration, and then Profile Segments
- D. under Application, select Profiles
Answer: B
NEW QUESTION 28
Which statement is true for profiles that have a Quarterly frequency selected?
- A. You cannot create reconciliations for profiles with transaction matching reconciliation methods for quarterly periods.
- B. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.
- C. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.
- D. They must be assigned a quarterly calendar.
Answer: C
Explanation:
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 29
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
NEW QUESTION 30
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. Auto-match can run automatically after the import is finished.
- C. You can import transactions to a match type only if its status is Pending.
- D. You select a separate load file for each data source.
- E. You must select a match type for the import.
Answer: B,C,E
NEW QUESTION 31
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. When it is selected, reconciliations display a warning if their balance is zero.
- C. It is assigned automatically based on the account type.
- D. Reconciliations display a warning if the balance type is other than expected.
Answer: D
NEW QUESTION 32
Which statement regarding user-defined attributes is FALSE?
- A. They can include calculated values.
- B. They can be assigned default value.
- C. You can no longer add/edit attributes after reconciliations are created.
- D. You can assign access by user role.
Answer: C
NEW QUESTION 33
Which two statements are true about importing and exporting match types? (Choose two.)
- A. Import can update match types with Pending status only.
- B. Import can update match types with Approved status only.
- C. Match types are exported to comma-separated (CSV) files.
- D. Match types are exported to a .zip folder.
Answer: A,C
NEW QUESTION 34
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 with Pending status that use the profile are updated with the changes.
- C. Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with the changes.
- D. Existing reconciliations that use the profile are not updated.
Answer: C
NEW QUESTION 35
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. On the Workflow tab of the Profile, select All Reviewers in the Require Action By field.
- B. Do not select a Primary User for the Account Payable Reviewers team.
- C. Add a rule of the type Require Team Review to the Rules tab.
- D. In the Instructions tab of the profile, add instructions for all team members to review the reconciliation.
Answer: A
NEW QUESTION 36
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. 0
- B. NZP
- C. Include Null
- D. Source system
Answer: B
NEW QUESTION 37
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. Select a format with the Variance Analysis reconciliation method for the profile.
- B. Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.
- C. Add a rule to the Rules tab.
- D. On the currency tab, enable a currency bucket for that prior period balance.
Answer: A
NEW QUESTION 38
Which property of profiles is set automatically when you select the format for the profile?
- A. Method
- B. Normal Balance
- C. Account Type
- D. Process
Answer: C
NEW QUESTION 39
Which two attribute types are required for each data source? (Choose two.)
- A. Key Field
- B. Accounting Date
- C. Balancing Attribute
- D. Calculation
Answer: B,C
NEW QUESTION 40
Which keyword in a Teams import file identifies the section with the team members?
- A. #team_items
- B. #team
- C. #dependents
- D. #team_children
Answer: B
NEW QUESTION 41
Which statement about manual matching in transaction matching is FALSE?
- A. You can manually match transactions only if the amounts are within the tolerance.
- B. You can create adjustments to balance a match set.
- C. You must be a power user or service administrator to create manual matches.
- D. Transactions for which auto-matching rules did not find matches can be manually matched.
Answer: A
NEW QUESTION 42
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Account Reconciliation Fundamentals-1Z0-1087-20 Exam-Practice-Dumps: https://www.braindumpsit.com/1Z0-1087-20_real-exam.html