This page was exported from IT Certification Exam Braindumps [ http://blog.braindumpsit.com ] Export date:Sun Oct 6 18:29:23 2024 / +0000 GMT ___________________________________________________ Title: 1z0-1087-22 Dumps To Pass Account Reconciliation Exam in One Day (Updated 80 Questions) [Q48-Q66] --------------------------------------------------- 1z0-1087-22 Dumps To Pass Account Reconciliation Exam in One Day (Updated 80 Questions) 1z0-1087-22 Exam Brain Dumps - Study Notes and Theory Oracle 1z0-1087-22 Exam Syllabus Topics: TopicDetailsTopic 1Create Formats and Profiles for Transaction Matching reconciliations Describe Reconciliation Compliance and Transaction MatchingTopic 2Describe methods of loading data (including EPM Automate and REST APIs) Describe user roles (Administrator, Power User, User, Viewer)Topic 3Describe 5 balancing scenarios (Golden Rules) Import Transactions to Data Sources Define Currency Rates and Currency BucketsTopic 4Describe Individual, Group, and Summary Reconciliations Review, Approve, Reject, and Reopen reconciliationsTopic 5Describe Reconciliation Methods Transfer reconciliations between users Configuring Reconciliation Compliance   Q48. 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 questions?  to the match type  to the profile  to the reconciliation  to the format Q49. 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?  ‘Import pre-mapped balances’ option in the Periods page  Data Management data load rule  Smart View  Supplemental Data Management form Q50. What happens to a reconciliation if a team member who prepared the reconciliation is deleted from the team at a later point of time?  Changes made by the deleted member are reassigned to the primary member of the team for review and approval,  The reconciliation is flagged as invalid and needs to be re-created by the administrator.  Changes made by the deleted member are reverted and the deleted member is removed from the reconciliation as preparer.  Changes made by the deleted member are kept intact and the deleted member still appears as the original preparer. Q51. When can you run auto-matching for a transaction matching reconciliation?  after you load transactions to the reconciliation data sources  after the period end date is reached  after the reconciliation meets its start date  after the reconciliation status changes to Open With Preparer Q52. Which two statements are true about Group reconciliations? (Choose two.)  Group reconciliations include other individual reconciliations as children.  You cannot use Data Management to import balances for group reconciliations.  The format for the reconciliation must be enabled for Group Reconciliation.  The Group Detail tab shows data for the group reconciliation sub segments.  You can import balances into periods as pre-mapped data. Q53. Which rule runs during the post-processing of data loads?  Send Email On Update  Create Reconciliations  Copy Transactions  Auto Match Transactions  Auto Submit Reconciliation Q54. 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 Q55. 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. Q56. 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?  On the currency tab, enable a currency bucket for that prior period balance.  Add a rule to the Rules tab.  Select a format with the Variance Analysis reconciliation method for the profile.  Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile. Q57. When would you use the Variance Analysis reconciliation method?  To explain the difference in balances within the same account over different periods.  To explain the difference in balances from the standards set by an organization in its budget.  To reconcile the same balance across general ledgers that follow different governing rules.  To justify each detail line of the total balance for the period. Q58. Which is NOT a step in the process for reconciliation compliance?  prepare reconciliations  execute automation like Automatic Recon and Rules  load balances  confirm suggested matches Q59. Where do you navigate to configure power users access to profiles?  under Application, select Configuration, and then System Settings  under Tools, select Access Control, then Power User Security  under Application, select Configuration, and then Profile Segments  under Application, select Profiles Q60. Which two statements are correct about deleting reconciliations? (Choose two.)  The reconciliation status must be Pending.  Only the preparer of the reconciliation can delete the reconciliation.  The balances loaded for a period are not deleted when the reconciliation is deleted.  Only a Service Administrator or a Power User can delete a reconciliation. Q61. To which do you assign Holiday Rules?  profiles  calendars  organizational units  periods Q62. Which is required for a valid profile?  at least one level of review  at least one Question:  at least one rule  at least one currency bucket Q63. Which statement is true regarding the Normal Balance attribute in a profile?  It is assigned automatically based on the account type.  Preparers cannot save a reconciliation if the balance type is other than expected.  When it is selected, reconciliations display a warning if their balance is zero.  Reconciliations display a warning if the balance type is other than expected. Q64. Which two options indicate the minimum and respectively the maximum number of currency buckets you can enable? (Choose two.)  two  four  one  three Q65. Which three statements are true about importing transaction matching transactions from the Jobs page? (Choose three.)  You select a separate load file for each data source.  You can select comma or tab for delimiter, or enter a user-defined delimiter.  You can import transactions to a match type only if its status is Pending.  Auto-match can run automatically after the import is finished.  You must select a match type for the import. Q66. You want the holidays to be skipped when scheduling due dates for reconciliations for an organizational unit. What should you do?  Edit the due date in the reconciliations for the organizational unit.  Create a holiday rule and assign it to the organizational unit.  Create a calendar and assign it to the organizational unit.  Add a rule to the Rules tab of the profiles for the reconciliations.  Loading … 1z0-1087-22 Dumps PDF - Want To Pass 1z0-1087-22 Fast: https://www.braindumpsit.com/1z0-1087-22_real-exam.html --------------------------------------------------- Images: https://blog.braindumpsit.com/wp-content/plugins/watu/loading.gif https://blog.braindumpsit.com/wp-content/plugins/watu/loading.gif --------------------------------------------------- --------------------------------------------------- Post date: 2023-03-01 16:45:30 Post date GMT: 2023-03-01 16:45:30 Post modified date: 2023-03-01 16:45:30 Post modified date GMT: 2023-03-01 16:45:30