1Z0-1087-21 by Oracle Valid Free Exam Practice Test

Question 1

When can you run auto-matching for a transaction matching reconciliation?

A. after you load transactions to the reconciliation data sources B. after the period end date is reached C. after the reconciliation meets its start date D. after the reconciliation status changes to Open With Preparer

Correct Answer: A

Question 2

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

A. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations. 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. They must be assigned a quarterly calendar.

Correct Answer: C

Explanation: Only visible for ExamsLabs members. You can sign-up / login (it's free).

Question 3

Which two are properties of the organizational unit? (Choose two.)

A. work days B. language C. tax jurisdiction D. calendar

Correct Answer: A,D

Question 4

Which is the minimum user security role required to edit profiles?

A. Power User B. Viewer C. User D. Service Administrator

Correct Answer: C

Question 5

Which statement is always true of data loads from Data Management?

A. You cannot load data into reconciliations with a status of Closed. B. If there is no change in the balance, the reconciliation is not updated. C. You must select either Actual or Budget as the scenario for the data. D. Only users with the administrator role can run data loads.

Correct Answer: C

Question 6

Which two auto-reconciliation methods for reconciliations use the Account Analysis format?

A. Zero activity B. Balance is normal C. Unexplained difference is zero D. No transactions E. Balance is zero

Correct Answer: C,E

Question 7

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

A. Require Reconciliation Attachment B. Copy Transactions from Prior Reconciliation C. Flag As Needs Attention D. Delete Reconciliation E. Auto Approve Reconciliation

Correct Answer: B,E

Question 8

The objects within the match type refer to data sources, the data source attributes, the match processes, the rules, and the rule conditions. Which statement is FALSE about importing a match type with the same name as an existing match type?

A. New objects are created in the system from the objects in the import file if they do not exist. B. Objects from the import file overwrite objects with the same name in the system. C. Objects that exist in the system but not in the import file are deleted. D. Objects with the same name in the system as in the import file are not updated.

Correct Answer: C

Oracle Account Reconciliation 2021 Implementation Essentials - 1Z0-1087-21 Exam Practice Test