Oracle Account Reconciliation 2021 Implementation Essentials - 1Z0-1087-21 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Which statement is FALSE about the profile segments?

A. The profile segments control the mapping of balances to reconciliations. B. The profile segments specify the level at which the organization reconcile account balances. C. The profile segments are configured as part of the system attributes, D. You cannot change the profile segments after you have loaded profiles.

Discussion 0

Correct Answer: B Vote an answer

Question 2

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

A. Balance is zero and no activity B. Balance has not changed C. No Data D. Balance Match (%tolerance)

Discussion 0

Correct Answer: A,D Vote an answer

Question 3

Which two statements are true about importing and exporting match types? (Choose two.)

A. Import can update match types with Approved status only. B. Import can update match types with Pending status only. C. Match types are exported to a .zip folder. D. Match types are exported to comma-separated (CSV) files.

Discussion 0

Correct Answer: B,D Vote an answer

Question 4

Which statement is true about saved filters?

A. Only service administrators can publish filters. B. Saved Filters are public by default. C. Any user can publish a saved filter that they created. D. Only power users and service administrators can publish filters.

Discussion 0

Correct Answer: B Vote an answer

Question 5

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

A. You can load data to reconciliations for the period. B. Reviewers can approve reconciliations under review. C. Reconciliations with Pending status can start. D. Preparers can submit reconciliations with Open status.

Discussion 0

Correct Answer: A Vote an answer

Question 6

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

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

Discussion 0

Correct Answer: B,E Vote an answer

Question 7

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

A. Normal Balance B. Account Type C. Process D. Method

Discussion 0

Correct Answer: B Vote an answer

Question 8

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?

A. Data Management data load rule B. 'Import pre-mapped balances' option in the Periods page C. Supplemental Data Management form D. Smart View

Discussion 0

Correct Answer: A Vote an answer