Oracle Account Reconciliation 2022 Implementation Professional - 1z0-1087-22 FREE EXAM DUMPS QUESTIONS & ANSWERS]

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 reconciliation meets its start date C. after the reconciliation status changes to Open With Preparer D. after the period end date is reached

Discussion 0

Correct Answer: A Vote an answer

Question 2

Which reconciliation method is appropriate for a prepaid insurance reconciliation that explains the current month balance?

A. Transaction Matching B. Variance Analysis C. Account Analysis D. Balance Comparison

Discussion 0

Correct Answer: D Vote an answer

Question 3

When would you use the Variance Analysis reconciliation method?

A. To explain the difference in balances within the same account over different periods. B. To explain the difference in balances from the standards set by an organization in its budget. C. To reconcile the same balance across general ledgers that follow different governing rules. D. To justify each detail line of the total balance for the period.

Discussion 0

Correct Answer: C Vote an answer

Question 4

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

A. Match Type B. Reconciliation C. Format D. Profile

Discussion 0

Correct Answer: C Vote an answer

Question 5

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 6

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?

A. The status reverts to Pending. B. The status reverts to Open with Preparer. C. The status is unchanged but a notification is sent to the related users. D. The import fails.

Discussion 0

Correct Answer: B Vote an answer

Question 7

Which two conditions can make a profile invalid? (Choose two.)

A. No currency buckets are enabled. B. The Normal Balance setting does not match the account type. C. Aging limits have not been specified. D. No preparer is assigned on the Workflow tab.

Discussion 0

Correct Answer: B,D Vote an answer

Question 8

Which statement about loading pre-mapped balances is FALSE?

A. You can import from either tab separated or comma separated files. B. You must select a currency bucket for the import. C. You must select a period to which to load the balances. D. You can drill back to the ERP from the reconciliation screen.

Discussion 0

Correct Answer: D Vote an answer