Ace 1z0-1087-23 Certification with 81 Actual Questions
PASS Oracle 1z0-1087-23 EXAM WITH UPDATED DUMPS
NEW QUESTION # 33
Which two are properties of the organizational unit? (Choose two.)
- A. tax jurisdiction
- B. work days
- C. calendar
- D. language
Answer: B,C
NEW QUESTION # 34
Which ability does NOT belong to users with the Power User role?
- A. edit formats to which they are assigned access
- B. review reconciliations
- C. edit profiles to which they are assigned access
- D. prepare reconciliations
Answer: A
NEW QUESTION # 35
When a user requests that responsibility for a reconciliation be reassigned to John, who is another regular user,
John should be able to approve the request.
How can this be configured?
- A. On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.
- B. On the Reassignment Requests tab in System Settings, in the Allow Reassignment Request Approval By
option, select Users. - C. Add John to the Reassignment Approvers security group.
- D. In his User Preferences, John should select the Approve Reassignments option.
Answer: B
NEW QUESTION # 36
In which row does an unmatched transaction with an accounting date of April 30th display in the period-end
reconciliation for May 31?
- A. Unmatched
- B. It is excluded from the report
- C. Unmatched Supported
- D. Matched In Transit
Answer: C
NEW QUESTION # 37
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. Supplemental Data Management form
- B. Data Management data load rule
- C. 'Import pre-mapped balances' option in the Periods page
- D. Smart View
Answer: B
NEW QUESTION # 38
Which two are matching rule types?
- A. Matches Exactly
- B. Adjustment
- C. One to One
- D. Suggested Match
- E. Matches with Tolerance
Answer: B,D
NEW QUESTION # 39
Which two statements are true about Group reconciliations? (Choose two.)
- A. Group reconciliations include other individual reconciliations as children.
- B. You cannot use Data Management to import balances for group reconciliations.
- C. The format for the reconciliation must be enabled for Group Reconciliation.
- D. The Group Detail tab shows data for the group reconciliation sub segments.
- E. You can import balances into periods as pre-mapped data.
Answer: C,E
NEW QUESTION # 40
Which is true when you reopen a reconciliation?
- A. It reopens to the service administrator.
- B. You select the role to which it reopens to.
- C. It reopens to the preparer.
- D. It reopens to the last reviewer.
Answer: D
NEW QUESTION # 41
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 Workflow tab of the reconciliations, select a backup preparer in the Backup Preparer field.
- B. In User Preferences, change your status to Out of Office.
- C. In the Actions menu of the reconciliations, select Request Reassignment.
- D. Click the Release button in the reconciliations to release it to the other team members.
Answer: A
NEW QUESTION # 42
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?
- A. Suggested
- B. Auto Submit
- C. Auto Approve
- D. Confirmed
Answer: C
NEW QUESTION # 43
What happens to a reconciliation if a team member who prepared the reconciliation is deleted from the team at
a later point of time?
- A. Changes made by the deleted member are reverted and the deleted member is removed from the
reconciliation as preparer. - B. Changes made by the deleted member are reassigned to the primary member of the team for review and
approval, - C. The reconciliation is flagged as invalid and needs to be re-created by the administrator.
- D. Changes made by the deleted member are kept intact and the deleted member still appears as the original preparer.
Answer: D
NEW QUESTION # 44
Which statement is FALSE about the profile segments?
- A. The profile segments control the mapping of balances to reconciliations.
- B. You cannot change the profile segments after you have loaded profiles.
- C. The profile segments specify the level at which the organization reconcile account balances.
- D. The profile segments are configured as part of the system attributes,
Answer: C
NEW QUESTION # 45
The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which
two are possible explanations? (Choose two.)
- A. You do not have security access to all the transactions.
- B. The data load for transactions was incomplete.
- C. Journal adjustments created were not posted.
- D. Currency exchanges rates are out of date.
Answer: A,C
NEW QUESTION # 46
Which is NOT an attribute type for reconciliation compliance attributes?
- A. True/False
- B. Location
- C. Yes/No
- D. Number
Answer: B
NEW QUESTION # 47
To which do you assign Holiday Rules?
- A. periods
- B. calendars
- C. organizational units
- D. profiles
Answer: B
NEW QUESTION # 48
Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation
method?
- A. They do not need to be created for periods.
- B. You must create profiles for them.
- C. They display in both the Reconciliations list and the Matching list.
- D. They do not participate in period-end compliance workflow.
Answer: B
NEW QUESTION # 49
In which location do you configure rules for reconciliation compliance transactions?
- A. Profile
- B. Match Type
- C. Format
- D. Reconciliation
Answer: C
NEW QUESTION # 50
Which statement is true for profiles that have a Quarterly frequency selected?
- A. They must be assigned a quarterly calendar.
- B. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.
- C. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.
- D. You cannot create reconciliations for profiles with transaction matching reconciliation methods for
quarterly periods.
Answer: C
Explanation:
Explanation
You begin the reconciliation process for each period by creating reconciliations. You can create reconciliations
for all account profiles, or for a filtered list of profiles. The profile frequency, such as monthly or quarterly,
must match the period frequency.
NEW QUESTION # 51
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