[Jul 21, 2022] 1Z0-1087-21 certification guide Q&A from Training Expert BraindumpsIT [Q45-Q60] : IT Certification Exam Braindumps : http://blog.braindumpsit.com

QUESTION 45
Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation method?

They display in both the Reconciliations list and the Matching list.

They do not participate in period-end compliance workflow.

They do not need to be created for periods.

You must create profiles for them.

QUESTION 46
Which property of profiles is set automatically when you select the format for the profile?

Method

Normal Balance

Process

Account Type

QUESTION 47
Which three fields are required in a load file for pre-mapped balances?

Currency Code

Currency Bucket

Period

Reconciliation ID

Entity

Amount

QUESTION 48
Which three types of reconciliations are suitable for the Transaction Matching feature? (Choose three.)

reconciliations with a single data source, like a clearing account

reconciliations that are typically zero balance accounts with low activity

reconciliations that have amortizing transactions

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

accounts with high volumes of data

QUESTION 49
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?

Your data includes fields with blank values.

You are loading data to the Reporting currency bucket.

You are loading more than 1000 transactions.

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

QUESTION 50
An error occurs during an import transactions job for a match type. What is the result of the job?

The job deletes all match type transactions, and the job status is set to Failed and Deleted,

Successfully imported transactions are committed to the system, failed transactions are logged, and the job status is set to Completed with Errors.

The entire import is rolled back, and the job status is set to Failed.

The transactions are not imported, the match type is locked, and the job status it set to Failed and Locked.

QUESTION 51
Which statement is FALSE about reconciliations when the period is Closed?

Preparers can submit reconciliations with Open status.

Reviewers can approve reconciliations under review.

Reconciliations with Pending status can start.

You can load data to reconciliations for the period.

QUESTION 52
Which two statements are true about reconciliation compliance filters?

They can control the records that you see in the list views.

They can be used by the rules engine.

They allow you to save columns to view records on the screen.

You can apply them against unmatched transactions.

QUESTION 53
Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested Matches list? (Choose two.)

Select the data source to adjust.

Select an Adjustment Type.

Enter an adjustment amount.

Enter a date for the adjustment.

QUESTION 54
Which statement is FALSE about the review process in reconciliation compliance?

Reviewers are sent notifications.

You can have up to seven levels of review.

You can assign backup reviewers.

You can assign a team as reviewer.

QUESTION 55
Which two options indicate the minimum and respectively the maximum number of currency buckets you can enable? (Choose two.)

two

four

one

three

QUESTION 56
Which two attribute types are required for each data source? (Choose two.)

Key Field

Accounting Date

Calculation

Balancing Attribute

QUESTION 57
Which is NOT an attribute type for reconciliation compliance attributes?

Yes/No

True/False

Number

Location

QUESTION 58
Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data Management? (Choose two.)

SWIFT MT940

BAI

EDI

XML

QUESTION 59
Which two rule types are available in profiles? (Choose two.)

Flag As Needs Attention

Auto Approve Reconciliation

Require Reconciliation Attachment

Delete Reconciliation

Copy Transactions from Prior Reconciliation

QUESTION 60
To which do you assign default currencies?

currency buckets

account ids

organizational units

formats

[Jul 21, 2022] 1Z0-1087-21 certification guide Q&A from Training Expert BraindumpsIT [Q45-Q60]

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