Pass 1Z0-1087-21 Exam in First Attempt Guaranteed 100% Cover Real Exam Questions [Feb-2022]
Valid 1Z0-1087-21 test answers & Oracle 1Z0-1087-21 exam pdf
NEW QUESTION 31
In which location do you configure rules for reconciliation compliance transactions?
- A. Profile
- B. Match Type
- C. Reconciliation
- D. Format
Answer: D
NEW 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?
- A. In the Actions menu of the reconciliations, select Request Reassignment.
- B. Click the Release button in the reconciliations to release it to the other team members.
- C. In the Workflow tab of the reconciliations, select a backup preparer in the Backup Preparer field.
- D. In User Preferences, change your status to Out of Office.
Answer: C
NEW QUESTION 33
Which two statements are true about reconciliation compliance filters?
- A. They can be used by the rules engine.
- B. They allow you to save columns to view records on the screen.
- C. You can apply them against unmatched transactions.
- D. They can control the records that you see in the list views.
Answer: A,B
NEW QUESTION 34
Which three types of reconciliations are suitable for the Transaction Matching feature? (Choose three.)
- A. reconciliations with 2 or more data sources, like a cash or accounts receivable account
- B. reconciliations that are typically zero balance accounts with low activity
- C. reconciliations that have amortizing transactions
- D. reconciliations with a single data source, like a clearing account
- E. accounts with high volumes of data
Answer: A,B,D
NEW QUESTION 35
In the Balance Explanations tab of the Prepaid Expenses reconciliation, you want to include the transactions and attachments from the prior period in the current period.
Which action should you perform?
- A. In the profile for Prepaid Expenses reconciliations, select 'Include Prior Period Transactions'.
- B. In the Balance Explanations tab of the current period reconciliation, select 'Copy Transactions from Prior Reconciliation'.
- C. Export the transactions from the prior period reconciliation and then import them to the current period reconciliation.
- D. In the Reconciliations list, copy the reconciliation from the prior period and paste it into the current period.
Answer: A
NEW QUESTION 36
Which statement is FALSE about Summary reconciliations?
- A. You can select Show All on the Balance Summary tab to view balances for the child reconciliations.
- B. Summary reconciliations include other individual reconciliations as children.
- C. The Group Detail tab shows transactions for the sub segments.
- D. The Unexplained Difference on the Balance Summary tab shows the total unexplained difference for all the child reconciliations.
Answer: C
NEW QUESTION 37
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?
- A. You are loading more than 1000 transactions.
- B. Your data includes fields with blank values.
- C. You want to import one concatenated field from the source file, rather than two separate fields.
- D. You are loading data to the Reporting currency bucket.
Answer: D
NEW QUESTION 38
Which is NOT an attribute type for reconciliation compliance attributes?
- A. Yes/No
- B. Location
- C. Number
- D. True/False
Answer: B
NEW QUESTION 39
A profile's properties have been modified and the changes saved. Which statement is correct?
- A. Existing reconciliations that use the profile are updated after approval by a system administrator.
- B. Existing reconciliations with Pending status that use the profile are updated with the changes.
- C. Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with the changes.
- D. Existing reconciliations that use the profile are not updated.
Answer: C
NEW QUESTION 40
A team has been assigned as the preparer for a reconciliation, and one team member is designated as the primary user.
What characterizes the primary user?
- A. The primary user must approve the reconciliation before the preparer submits the reconciliation.
- B. The system automatically claims the reconciliation for the primary use when the reconciliation status changes to Open (with preparer).
- C. The system automatically re-assigned the reconciliation to the primary user when the current preparer is out of the office.
- D. The primary user can edit the reconciliation properties.
Answer: B
NEW QUESTION 41
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 that exist in the system but not in the import file are deleted.
- C. Objects with the same name in the system as in the import file are not updated.
- D. Objects from the import file overwrite objects with the same name in the system.
Answer: B
NEW QUESTION 42
Which two conditions can make a profile invalid? (Choose two.)
- A. No preparer is assigned on the Workflow tab.
- B. Aging limits have not been specified.
- C. No currency buckets are enabled.
- D. The Normal Balance setting does not match the account type.
Answer: A,D
NEW QUESTION 43
Which statement about loading pre-mapped balances is FALSE?
- A. You can drill back to the ERP from the reconciliation screen.
- B. You must select a currency bucket for the import.
- C. You can import from either tab separated or comma separated files.
- D. You must select a period to which to load the balances.
Answer: A
NEW QUESTION 44
You want the holidays to be skipped when scheduling due dates for reconciliations for an organizational unit. What should you do?
- A. Add a rule to the Rules tab of the profiles for the reconciliations.
- B. Create a holiday rule and assign it to the organizational unit.
- C. Edit the due date in the reconciliations for the organizational unit.
- D. Create a calendar and assign it to the organizational unit.
Answer: B
NEW QUESTION 45
Which is the minimum user security role required to edit profiles?
- A. User
- B. Power User
- C. Service Administrator
- D. Viewer
Answer: A
NEW QUESTION 46
The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which two are possible explanations? (Choose two.)
- A. Journal adjustments created were not posted.
- B. You do not have security access to all the transactions.
- C. The data load for transactions was incomplete.
- D. Currency exchanges rates are out of date.
Answer: A,B
NEW QUESTION 47
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