Oracle Oracle Certifications 1Z0-1087-22 Questions & Answers

• Question 31:

  Which is the minimum user security role required to edit profiles?

  A. Service Administrator

  B. User

  C. Power User

  D. Viewer

  Correct Answer: B

  Reference: https://docs.oracle.com/en/cloud/saas/applications-common/20c/faser/security-in-oracle-financials.html#FASER2146963

• Question 32:

  Which statement is FALSE of teams?

  A. Teams are assigned to profiles on the Workflow tab.

  B. A team can have another team as a member.

  C. Teams can be assigned a primary user.

  D. A user can belong to more than one team.

  Correct Answer: A

  Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/adarc/admin_teams_overview_100xf083e7e0.html https://docs.oracle.com/cd/E57185_01/FCLUS/FCLUS.pdf

• Question 33:

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

  A. work days

  B. calendar

  C. language

  D. tax jurisdiction

  Correct Answer: AB

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

• Question 34:

  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

  Correct Answer: A

• Question 35:

  Which three types of reconciliations are suitable for the Transaction Matching feature? (Choose three.)

  A. reconciliations with a single data source, like a clearing account

  B. reconciliations that are typically zero balance accounts with low activity

  C. reconciliations that have amortizing transactions

  D. reconciliations with 2 or more data sources, like a cash or accounts receivable account

  E. accounts with high volumes of data

  Correct Answer: ADE

  TM is used to automate high volume reconciliations.

  Chapter6-1 https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/adarc/GUID-3B2518AE-A5E5-44CD-A032-5CB119F087FE.pdf

• Question 36:

  Which is NOT a step in the process for reconciliation compliance?

  A. prepare reconciliations

  B. execute automation like Automatic Recon and Rules

  C. load balances

  D. confirm suggested matches

  Correct Answer: D

  Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/raarc/get_start_overview_process_102xfae1510c.html

• Question 37:

  Which is NOT a step in configuring journals in Transaction Matching?

  A. create journal columns

  B. map journal columns to data source attribute columns

  C. define data source filters

  D. create journal templates

  Correct Answer: D

  Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/GUID-52A3F1EF-7D35-41F5-A284-861268631470.pdf (10-2)

• Question 38:

  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.

  Correct Answer: C

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

• Question 39:

  Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested Matches list? (Choose two.)

  A. Select the data source to adjust.

  B. Select an Adjustment Type.

  C. Enter an adjustment amount.

  D. Enter a date for the adjustment.

  Correct Answer: AB

  Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/raarc/reconcile_trans_match_confirm_suggested_102x6d3e231b.html

• Question 40:

  What happens when you select the Key option for a data source attribute?

  A. Transactions with the same key attributes cannot be loaded.

  B. The attribute is hidden from users.

  C. Transactions are sorted by the attribute.

  D. Values are required for the attribute.

  Correct Answer: A

  The Key setting is a way to uniquely identify a record in the database. You can select one or more attributes as Keys for the duplicate check. The Transaction Import will not load a file if the file contains one or more transactions that match a Key that has already been loaded.