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NEW QUESTION 24
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 25
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. Transactions for which auto-matching rules did not find matches can be manually matched.
- C. You can create adjustments to balance a match set.
- D. You must be a power user or service administrator to create manual matches.
Answer: A
NEW QUESTION 26
Where can a service administrator navigate to view, by user, how many reconciliations were completed on time, how many are late, and how many were rejected?
- A. Reconciliations List
- B. Compliance Dashboard
- C. Overview Dashboard
- D. Worklist
Answer: B
NEW QUESTION 27
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. 'Import pre-mapped balances' option in the Periods page
- B. Smart View
- C. Supplemental Data Management form
- D. Data Management data load rule
Answer: D
NEW QUESTION 28
Which property of profiles is set automatically when you select the format for the profile?
- A. Process
- B. Normal Balance
- C. Account Type
- D. Method
Answer: C
NEW QUESTION 29
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 question:?
- A. to the profile
- B. to the match type
- C. to the format
- D. to the reconciliation
Answer: C
NEW QUESTION 30
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
NEW QUESTION 31
From which two dates defined in the period can you schedule reconciliations? (Choose two.)
- A. start date
- B. close date
- C. prior period end date
- D. end date
Answer: B,D
NEW QUESTION 32
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. Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.
- D. Select a format with the Variance Analysis reconciliation method for the profile.
Answer: D
NEW QUESTION 33
Which is NOT an attribute type for reconciliation compliance attributes?
- A. Number
- B. Location
- C. Yes/No
- D. True/False
Answer: B
NEW QUESTION 34
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. Click the Release button in the reconciliations to release it to the other team members.
- B. In User Preferences, change your status to Out of Office.
- C. In the Workflow tab of the reconciliations, select a backup preparer in the Backup Preparer field.
- D. In the Actions menu of the reconciliations, select Request Reassignment.
Answer: C
NEW QUESTION 35
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. In the Balance Explanations tab of the current period reconciliation, select 'Copy Transactions from Prior Reconciliation'.
- B. In the profile for Prepaid Expenses reconciliations, select 'Include Prior Period Transactions'.
- C. In the Reconciliations list, copy the reconciliation from the prior period and paste it into the current period.
- D. Export the transactions from the prior period reconciliation and then import them to the current period reconciliation.
Answer: B
NEW QUESTION 36
When a user requests that responsibility for a reconciliation be reassigned to John, who is another regular user, John should be able to approve the request.
How can this be configured?
- A. In his User Preferences, John should select the Approve Reassignments option.
- B. Add John to the Reassignment Approvers security group.
- C. On the Reassignment Requests tab in System Settings, in the Allow Reassignment Request Approval By option, select Users.
- D. On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.
Answer: C
NEW QUESTION 37
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 Approve
- B. Auto Submit
- C. Suggested
- D. Confirmed
Answer: A
NEW QUESTION 38
Which is NOT a step in the process for reconciliation compliance?
- A. confirm suggested matches
- B. load balances
- C. execute automation like Automatic Recon and Rules
- D. prepare reconciliations
Answer: A
NEW QUESTION 39
The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which two are possible explanations? (Choose two.)
- A. Currency exchanges rates are out of date.
- B. The data load for transactions was incomplete.
- C. Journal adjustments created were not posted.
- D. You do not have security access to all the transactions.
Answer: C,D
NEW QUESTION 40
Which three statements are true about importing transaction matching transactions from the Jobs page?
(Choose three.)
- A. You can import transactions to a match type only if its status is Pending.
- B. You must select a match type for the import.
- C. You select a separate load file for each data source.
- D. You can select comma or tab for delimiter, or enter a user-defined delimiter.
- E. Auto-match can run automatically after the import is finished.
Answer: A,B,E
NEW QUESTION 41
Which statement is FALSE about reconciliations when the period is Closed?
- A. Reviewers can approve reconciliations under review.
- B. You can load data to reconciliations for the period.
- C. Preparers can submit reconciliations with Open status.
- D. Reconciliations with Pending status can start.
Answer: B
NEW QUESTION 42
Which statement is true for profiles that have a Quarterly frequency selected?
- A. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.
- B. They must be assigned a quarterly calendar.
- C. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.
- D. You cannot create reconciliations for profiles with transaction matching reconciliation methods for quarterly periods.
Answer: A
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 43
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 44
Which keyword in a Teams import file identifies the section with the team members?
- A. #dependents
- B. #team_children
- C. #team
- D. #team_items
Answer: C
NEW QUESTION 45
Which statement is true about saved filters?
- A. Only service administrators can publish filters.
- B. Any user can publish a saved filter that they created.
- C. Saved Filters are public by default.
- D. Only power users and service administrators can publish filters.
Answer: C
NEW QUESTION 46
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