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

• Question 51:

  Which two are auto-reconciliation methods? (Choose two.)

  A. Balance Match (%tolerance)

  B. No Data

  C. Balance has not changed

  D. Balance is zero and no activity

  Correct Answer: AD

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

• Question 52:

  Which statement about journals in transaction matching is FALSE?

  A. You create separate journal column mappings for adjustments and transactions.

  B. For transactions, you can apply a data source filter to the export.

  C. You create separate journal columns for each match type.

  D. For adjustments, the variance amount is exported to the Amount column.

  Correct Answer: D

• Question 53:

  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.

  Correct Answer: A

  https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/raarc/admin_recons_transactions_copy_from_prior_recons_112xe1bd8c5f.html

• Question 54:

  Which two are tasks that can be performed using EPM Automate? (Choose two.)

  A. set period status

  B. import premapped data

  C. export balances

  D. export journals

  Correct Answer: AB

  SetPeriodSatus command in EPMA

• Question 55:

  For which scenario could a match type with a single data source be appropriate?

  A. matching credits and debits for a clearing account

  B. intercompany matching

  C. matching bank and point-of-sale transactions

  D. variance analysis for current and prior period balances

  Correct Answer: A

  Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/admin_trans_match_setup_define_data_sources_100x69257777.html

• Question 56:

  To which do you assign Holiday Rules?

  A. profiles

  B. calendars

  C. organizational units

  D. periods

  Correct Answer: C

  Both Calendars and Holiday Rules can be applied separately to Organizations. Ultimately, the Calendar and Holiday Rules associated with a Profile (via its Organizational Unit) interact with the Calendar associated with a Period to determine the users workflow start and end dates in the deployed Reconciliation. https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/setup_calendars_add_delete_112xd0537a09.html

• Question 57:

  Where do you navigate to configure power users access to profiles?

  A. under Application, select Configuration, and then System Settings

  B. under Tools, select Access Control, then Power User Security

  C. under Application, select Configuration, and then Profile Segments

  D. under Application, select Profiles

  Correct Answer: B

  Power user security

• Question 58:

  Which statement is true regarding the Normal Balance attribute in a profile?

  A. It is assigned automatically based on the account type.

  B. Preparers cannot save a reconciliation if the balance type is other than expected.

  C. When it is selected, reconciliations display a warning if their balance is zero.

  D. Reconciliations display a warning if the balance type is other than expected.

  Correct Answer: D

  Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/setup_profile_create_profile_106xc6e8be7c.html

• Question 59:

  Which property of profiles is set automatically when you select the format for the profile?

  A. Method

  B. Normal Balance

  C. Process

  D. Account Type

  Correct Answer: A

  Method is inherited from format

• Question 60:

  Which two conditions can make a profile invalid? (Choose two.)

  A. The Normal Balance setting does not match the account type.

  B. No preparer is assigned on the Workflow tab.

  C. No currency buckets are enabled.

  D. Aging limits have not been specified.

  Correct Answer: BC

  Currency bucket must be selected for profile