2023 Latest 1z0-1087-23 Exam Dumps Recently Updated 81 Questions [Q20-Q44] : IT Certification Exam Braindumps : http://blog.braindumpsit.com

QUESTION 20
What happens when you load balances to a reconciliation with the status Closed or Open With Reviewer and
the balance is different than what was already Certified?

The status reverts to Pending.

The import fails.

The status reverts to Open with Preparer.

The status is unchanged but a notification is sent to the related users.

QUESTION 21
Which two options indicate the minimum and respectively the maximum number of currency buckets you can
enable? (Choose two.)

two

four

one

three

QUESTION 22
In which location do you configure rules for reconciliation compliance transactions?

Format

Reconciliation

Profile

Match Type

QUESTION 23
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 24
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 25
Which transaction matching method is used to match the transactions between two systems if period-end
reconciliation is not the objective?

Transaction Matching Only

Variance Analysis with Transaction Matching

Balance Comparison with Transaction Matching

Account Analysis with Transaction Matching

QUESTION 26
What results if you load balances using Data Management to a period to which you previously imported pre-
mapped balances?

The Data Management data load fails.

You are prompted whether to overwrite the pre-mapped balances.

The balances loaded through Data Management overwrite the pre-mapped balances.

The reconciliation takes the balances loaded through Data Management and the pre-mapped balance load, and totals them.

QUESTION 27
Which statement is FALSE about the profile segments?

You cannot change the profile segments after you have loaded profiles.

The profile segments control the mapping of balances to reconciliations.

The profile segments are configured as part of the system attributes,

The profile segments specify the level at which the organization reconcile account balances.

QUESTION 28
Which is NOT a step in configuring journals in Transaction Matching?

create journal columns

map journal columns to data source attribute columns

define data source filters

create journal templates

QUESTION 29
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

QUESTION 30
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.

QUESTION 31
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

QUESTION 32
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?

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

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

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

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

QUESTION 33
Where can a service administrator navigate to view, by user, how many reconciliations were completed on
time, how many are late, and how many were rejected?

Reconciliations List

Overview Dashboard

Compliance Dashboard

Worklist

QUESTION 34
Which two statements are true about match types with Pending status?

You can edit the data sources attributes.

You can load data to Pending reconciliations for the match type.

You can perform matching on reconciliations for the match type.

You cannot edit the matching rules.

QUESTION 35
Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data
Management? (Choose two.)

SWIFT MT940

BAI

EDI

XML

QUESTION 36
Which two are tasks that can be performed using EPM Automate? (Choose two.)

set period status

import premapped data

export balances

export journals

QUESTION 37
To which do you assign default currencies?

currency buckets

account ids

organizational units

formats

QUESTION 38
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 39
Which ability does NOT belong to users with the Power User role?

edit formats to which they are assigned access

prepare reconciliations

review reconciliations

edit profiles to which they are assigned access

QUESTION 40
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?

Suggested

Auto Approve

Auto Submit

Confirmed

QUESTION 41
Which statement about rules is FALSE?

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

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

Profiles inherit rules from their formats.

A profile can have a maximum of three rules.

QUESTION 42
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

QUESTION 43
Which keyword in a Teams import file identifies the section with the team members?

#team_children

#team

#team_items

#dependents

QUESTION 44
Which is true when you reopen a reconciliation?

It reopens to the service administrator.

It reopens to the last reviewer.

You select the role to which it reopens to.

It reopens to the preparer.