1z0-1087-23 Exam Training Practice Tests (Oracle Account Reconciliation 2023 Implementation Professional)]

Question 1

In a reconciliation profile, the Account Payable Reviewers team is assigned as the reviewer, and you want to
require that ALL team members approve the reconciliation.
Which action should you perform?

A. On the Workflow tab of the Profile, select All Reviewers in the Require Action By field. B. Do not select a Primary User for the Account Payable Reviewers team. C. In the Instructions tab of the profile, add instructions for all team members to review the reconciliation. D. Add a rule of the type Require Team Review to the Rules tab.

Correct Answer: A

Question 2

Which two tasks can be performed using EPM Automate?

A. Load pre-mapped balances. B. Import match types. C. Set period status. D. Export journals.

Correct Answer: B,D

Question 3

How can you configure a profile for reconciliation compliance to show the variance between a current period
balance and a prior period balance in a separate workflow from the reconciliation?

A. On the currency tab, enable a currency bucket for that prior period balance. B. Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile. C. Add a rule to the Rules tab. D. Select a format with the Variance Analysis reconciliation method for the profile.

Correct Answer: D

Question 4

Which statement is FALSE about Summary reconciliations?

A. The Unexplained Difference on the Balance Summary tab shows the total unexplained difference for all the child reconciliations. B. You can select Show All on the Balance Summary tab to view balances for the child reconciliations. C. The Group Detail tab shows transactions for the sub segments. D. Summary reconciliations include other individual reconciliations as children.

Correct Answer: C

Question 5

Where can a service administrator navigate to view, by user, how many reconciliations were completed on
time, how many are late, and how many were rejected?

A. Compliance Dashboard B. Worklist C. Overview Dashboard D. Reconciliations List

Correct Answer: A

Question 6

Which two attribute types are required for each data source? (Choose two.)

A. Balancing Attribute B. Accounting Date C. Calculation D. Key Field

Correct Answer: A,B

Question 7

Which keyword in a Teams import file identifies the section with the team members?

A. #dependents B. #team_items C. #team_children D. #team

Correct Answer: D

Question 8

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

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

Correct Answer: B,D

Question 9

Which statement is FALSE regarding user-defined attributes?

A. They can include calculated values. B. You can assign access to attributes by user role. C. They can be added to formats, profiles, and transactions. D. You can no longer add/edit attributes after reconciliations are created.

Correct Answer: D

Oracle Account Reconciliation 2023 Implementation Professional - 1z0-1087-23 Exam Practice Test