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

• Question 41:

  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.

  Correct Answer: CD

  Group detail tab shows sub segment balances

• Question 42:

  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. Suggested

  B. Auto Approve

  C. Auto Submit

  D. Confirmed

  Correct Answer: B

  Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/GUID-52A3F1EF-7D35-41F5-A284-861268631470.pdf (5-9)

• Question 43:

  Which statement is true for profiles that have a Quarterly frequency selected?

  A. They must be assigned a quarterly calendar.

  B. You cannot create reconciliations for profiles with transaction matching reconciliation methods for quarterly periods.

  C. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.

  D. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.

  Correct Answer: C

  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.

• Question 44:

  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.

  Correct Answer: C

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

• Question 45:

  To which do you assign default currencies?

  A. currency buckets

  B. account ids

  C. organizational units

  D. formats

  Correct Answer: A

  Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/setup_profile_currency_create_132xd5cdfe3e.html

• Question 46:

  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. In the Workflow tab of the reconciliations, select a backup preparer in the Backup Preparer field.

  B. In User Preferences, change your status to Out of Office.

  C. In the Actions menu of the reconciliations, select Request Reassignment.

  D. Click the Release button in the reconciliations to release it to the other team members.

  Correct Answer: A

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

• Question 47:

  Which three statements are true about importing transaction matching transactions from the Jobs page? (Choose three.)

  A. You select a separate load file for each data source.

  B. You can select comma or tab for delimiter, or enter a user-defined delimiter.

  C. You can import transactions to a match type only if its status is Pending.

  D. Auto-match can run automatically after the import is finished.

  E. You must select a match type for the import.

  Correct Answer: ADE

  Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/raarc/reconcile_trans_match_create_run_jobs_104x6dc77eb2.html

• Question 48:

  You are using EPM Automate commands to automate data load to Account Reconciliation.

  In which scenario should you use EPM Automate to load the data through Data Management rather than directly into Account Reconciliation?

  A. Your data includes fields with blank values.

  B. You are loading data to the Reporting currency bucket.

  C. You are loading more than 1000 transactions.

  D. You want to import one concatenated field from the source file, rather than two separate fields.

  Correct Answer: D

  Only data management can transform data before loading

• Question 49:

  Which reconciliation method is appropriate for a prepaid insurance reconciliation that explains the current month balance?

  A. Balance Comparison

  B. Transaction Matching

  C. Variance Analysis

  D. Account Analysis

  Correct Answer: D

  The Account Analysis method is used for accounts that have no comparative balance.Preparers justify the account balance by entering the list of items that should be comprising the ending balance, such as prepaids, accruals, reserves, and intangibles, into the reconciliation.

• Question 50:

  Which statement about rules is FALSE?

  A. A rule can set a reconciliation attribute to a specified value when the rule conditions are met.

  B. You can use a saved filter as the condition in a rule.

  C. Profiles inherit rules from their formats.

  D. A profile can have a maximum of three rules.

  Correct Answer: D