Free 1z0-1087-23 Exam Study Guide for the NEW [May-2024] Dumps Test Engine
1z0-1087-23 PDF Dumps Extremely Quick Way Of Preparation
NEW QUESTION # 34
The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which
two are possible explanations? (Choose two.)
- A. The data load for transactions was incomplete.
- B. You do not have security access to all the transactions.
- C. Journal adjustments created were not posted.
- D. Currency exchanges rates are out of date.
Answer: B,C
NEW QUESTION # 35
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. Objects from the import file overwrite objects with the same name in the system.
- 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. New objects are created in the system from the objects in the import file if they do not exist.
Answer: B
NEW QUESTION # 36
Which two are properties of the organizational unit? (Choose two.)
- A. calendar
- B. language
- C. tax jurisdiction
- D. work days
Answer: A,D
NEW QUESTION # 37
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 import fails.
- D. The status is unchanged but a notification is sent to the related users.
Answer: B
NEW QUESTION # 38
Which statement about rules is FALSE?
- A. You can use a saved filter as the condition in a rule.
- B. A profile can have a maximum of three rules.
- C. Profiles inherit rules from their formats.
- D. A rule can set a reconciliation attribute to a specified value when the rule conditions are met.
Answer: B
NEW QUESTION # 39
Which two statements are true about Group reconciliations? (Choose two.)
- A. Group reconciliations include other individual reconciliations as children.
- B. The Group Detail tab shows data for the group reconciliation sub segments.
- C. The format for the reconciliation must be enabled for Group Reconciliation.
- D. You cannot use Data Management to import balances for group reconciliations.
- E. You can import balances into periods as pre-mapped data.
Answer: C,E
NEW QUESTION # 40
Which statement is FALSE about calendars?
- A. An organizational unit can be assigned many calendars to enable reconciliations for different financial
dates. - B. Calendars are associated with periods and organizational units.
- C. Calendars set the dates and frequencies for each period.
- D. One period may have many calendars to reflect different date configurations for the period.
Answer: C
NEW QUESTION # 41
Which is NOT an attribute type for reconciliation compliance attributes?
- A. True/False
- B. Yes/No
- C. Location
- D. Number
Answer: C
NEW QUESTION # 42
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. 'Import pre-mapped balances' option in the Periods page
- C. Smart View
- D. Data Management data load rule
Answer: D
NEW QUESTION # 43
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. accounts with high volumes of data
- C. reconciliations with a single data source, like a clearing account
- D. reconciliations that have amortizing transactions
- E. reconciliations that are typically zero balance accounts with low activity
Answer: A,C,E
NEW QUESTION # 44
Which statement about journals in transaction matching is FALSE?
- A. You create separate journal column mappings for adjustments and transactions.
- B. For adjustments, the variance amount is exported to the Amount column.
- C. For transactions, you can apply a data source filter to the export.
- D. You create separate journal columns for each match type.
Answer: B
NEW QUESTION # 45
Which two options indicate the minimum and respectively the maximum number of currency buckets you can
enable? (Choose two.)
- A. one
- B. three
- C. four
- D. two
Answer: A,B
NEW QUESTION # 46
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 system automatically re-assigned the reconciliation to the primary user when the current preparer is
out of the office. - B. The primary user can edit the reconciliation properties.
- C. The primary user must approve the reconciliation before the preparer submits the reconciliation.
- D. The system automatically claims the reconciliation for the primary use when the reconciliation status changes to Open (with preparer).
Answer: D
NEW QUESTION # 47
What happens when you select the Key option for a data source attribute?
- A. Transactions with the same key attributes cannot be loaded.
- B. The attribute is hidden from users.
- C. Values are required for the attribute.
- D. Transactions are sorted by the attribute.
Answer: C
NEW QUESTION # 48
When would you use the Variance Analysis reconciliation method?
- A. To explain the difference in balances from the standards set by an organization in its budget.
- B. To explain the difference in balances within the same account over different periods.
- 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.
Answer: C
NEW QUESTION # 49
From which two dates defined in the period can you schedule reconciliations? (Choose two.)
- A. end date
- B. close date
- C. prior period end date
- D. start date
Answer: A,B
NEW QUESTION # 50
For which scenario could a match type with a single data source be appropriate?
- A. matching credits and debits for a clearing account
- B. intercompany matching
- C. variance analysis for current and prior period balances
- D. matching bank and point-of-sale transactions
Answer: A
NEW QUESTION # 51
Which two are matching rule types?
- A. One to One
- B. Adjustment
- C. Suggested Match
- D. Matches Exactly
- E. Matches with Tolerance
Answer: B,C
NEW QUESTION # 52
Which expression do you include in the Expression field of the Amount column in an import format to ensure
that zero balances are loaded?
- A. Source system
- B. NZP
- C. 0
- D. Include Null
Answer: B
NEW QUESTION # 53
Which statement is true for profiles that have a Quarterly frequency selected?
- A. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.
- B. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.
- C. You cannot create reconciliations for profiles with transaction matching reconciliation methods for
quarterly periods. - D. They must be assigned a quarterly calendar.
Answer: B
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 # 54
In which row does an unmatched transaction with an accounting date of April 30th display in the period-end
reconciliation for May 31?
- A. It is excluded from the report
- B. Unmatched Supported
- C. Unmatched
- D. Matched In Transit
Answer: B
NEW QUESTION # 55
Which statement is always true of data loads from Data Management?
- A. If there is no change in the balance, the reconciliation is not updated.
- B. Only users with the administrator role can run data loads.
- C. You must select either Actual or Budget as the scenario for the data.
- D. You cannot load data into reconciliations with a status of Closed.
Answer: C
NEW QUESTION # 56
......
Enhance your career with 1z0-1087-23 PDF Dumps - True Oracle Exam Questions: https://www.passleader.top/Oracle/1z0-1087-23-exam-braindumps.html
Download 1z0-1087-23 Dumps (2024) - Free PDF Exam Demo: https://drive.google.com/open?id=1aBBwxfTUhRu4zUMjccp9wIl27ldkvyb4