New 2022 Guaranteed Success with PrepAwayPDF 1Z0-1087-21 Dumps Oracle PDF Questions [Q32-Q50]

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New 2022 Guaranteed Success with PrepAwayPDF 1Z0-1087-21 Dumps Oracle PDF Questions

Exceptional Practice To Oracle Account Reconciliation 2021 Implementation Essentials Pass the First Time

Oracle 1Z0-1087-21 Exam Syllabus Topics:

Topic	Details
Topic 1	Explain Transaction Matching Processes Analyzing Transaction Matches Describe Reconciliation Methods
Topic 2	Create and manage Profiles (Manual entry, copy & paste, delete, export and import; change theshold) Explain Processes for Reconciliation Compliance (5 step process)
Topic 3	Describe Individual, Group, and Summary Reconciliations Describe methods of loading data (including EPM Automate and REST APIs)
Topic 4	Add calculated attributes and filters Configuring Transaction Matching
Topic 5	Configuring Reconciliation Compliance Describe 5 balancing scenarios (Golden Rules) Transfer reconciliations between users
Topic 6	Create Formats and Profiles for Transaction Matching reconciliations Create Match Types (Data Sources, Attributes, Transaction Types)
Topic 7	Review, Approve, Reject, and Reopen reconciliations Configure Match Processes (including matching rules)

Q32. Which two statements are true about reconciliation compliance filters?

They can control the records that you see in the list views.

They can be used by the rules engine.

They allow you to save columns to view records on the screen.

You can apply them against unmatched transactions.

Q33. 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?

In the Balance Explanations tab of the current period reconciliation, select ‘Copy Transactions from Prior Reconciliation’.

In the profile for Prepaid Expenses reconciliations, select ‘Include Prior Period Transactions’.

In the Reconciliations list, copy the reconciliation from the prior period and paste it into the current period.

Export the transactions from the prior period reconciliation and then import them to the current period reconciliation.

Q34. Which two statements are correct about deleting reconciliations? (Choose two.)

The reconciliation status must be Pending.

Only the preparer of the reconciliation can delete the reconciliation.

The balances loaded for a period are not deleted when the reconciliation is deleted.

Only a Service Administrator or a Power User can delete a reconciliation.

Q35. Which two tasks can be performed using EPM Automate?

Set period status.

Export journals.

Import match types.

Load pre-mapped balances.

Q36. Which transaction matching method is used to match the transactions between two systems if period-end reconciliation is not the objective?

Transaction Matching Only

Variance Analysis with Transaction Matching

Balance Comparison with Transaction Matching

Account Analysis with Transaction Matching

Q37. Which statement about journals in transaction matching is FALSE?

You create separate journal column mappings for adjustments and transactions.

For transactions, you can apply a data source filter to the export.

You create separate journal columns for each match type.

For adjustments, the variance amount is exported to the Amount column.

Q38. 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?

The status reverts to Pending.

The import fails.

The status reverts to Open with Preparer.

The status is unchanged but a notification is sent to the related users.

Q39. Which is true when you reopen a reconciliation?

It reopens to the service administrator.

It reopens to the last reviewer.

You select the role to which it reopens to.

It reopens to the preparer.

Q40. Which rule runs during the post-processing of data loads?

Send Email On Update

Create Reconciliations

Copy Transactions

Auto Match Transactions

Auto Submit Reconciliation

Q41. Which is NOT a step in the process for reconciliation compliance?

prepare reconciliations

execute automation like Automatic Recon and Rules

load balances

confirm suggested matches

Q42. What results if you load balances using Data Management to a period to which you previously imported pre- mapped balances?

The Data Management data load fails.

You are prompted whether to overwrite the pre-mapped balances.

The balances loaded through Data Management overwrite the pre-mapped balances.

The reconciliation takes the balances loaded through Data Management and the pre-mapped balance load, and totals them.

Q43. Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data Management? (Choose two.)

SWIFT MT940

BAI

EDI

XML

Q44. Which keyword in a Teams import file identifies the section with the team members?

#team_children

#team

#team_items

#dependents

Q45. In which location do you configure rules for reconciliation compliance transactions?

Format

Reconciliation

Profile

Match Type

Q46. Which two are tasks that can be performed using EPM Automate? (Choose two.)

set period status

import premapped data

export balances

export journals

Q47. Which statement about manual matching in transaction matching is FALSE?

You can manually match transactions only if the amounts are within the tolerance.

Transactions for which auto-matching rules did not find matches can be manually matched.

You must be a power user or service administrator to create manual matches.

You can create adjustments to balance a match set.

Q48. An error occurs during an import transactions job for a match type. What is the result of the job?

The job deletes all match type transactions, and the job status is set to Failed and Deleted,

Successfully imported transactions are committed to the system, failed transactions are logged, and the job status is set to Completed with Errors.

The entire import is rolled back, and the job status is set to Failed.

The transactions are not imported, the match type is locked, and the job status it set to Failed and Locked.

Q49. When would you use the Variance Analysis reconciliation method?

To explain the difference in balances within the same account over different periods.

To explain the difference in balances from the standards set by an organization in its budget.

To reconcile the same balance across general ledgers that follow different governing rules.

To justify each detail line of the total balance for the period.

Q50. Which two statements are true about Group reconciliations? (Choose two.)

Group reconciliations include other individual reconciliations as children.

You cannot use Data Management to import balances for group reconciliations.

The format for the reconciliation must be enabled for Group Reconciliation.

The Group Detail tab shows data for the group reconciliation sub segments.

You can import balances into periods as pre-mapped data.

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