Real Oracle 1Z0-1087-20 Exam Questions [Updated 2021]
1Z0-1087-20 Exam Dumps Pass with Updated 2021 Oracle EPM Account Reconciliation 2020 Implementation Essentials
Oracle 1Z0-1087-20 Exam Syllabus Topics:
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NEW QUESTION 16
Which property of profiles is set automatically when you select the format for the profile?
- A. Process
- B. Normal Balance
- C. Account Type
- D. Method
Answer: C
NEW QUESTION 17
For which scenario could a match type with a single data source be appropriate?
- A. intercompany matching
- B. variance analysis for current and prior period balances
- C. matching bank and point-of-sale transactions
- D. matching credits and debits for a clearing account
Answer: D
NEW QUESTION 18
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. In the Instructions tab of the profile, add instructions for all team members to review the reconciliation.
- B. On the Workflow tab of the Profile, select All Reviewers in the Require Action By field.
- C. Add a rule of the type Require Team Review to the Rules tab.
- D. Do not select a Primary User for the Account Payable Reviewers team.
Answer: B
NEW QUESTION 19
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. They do not participate in period-end compliance workflow.
- C. They display in both the Reconciliations list and the Matching list.
- D. You must create profiles for them.
Answer: D
NEW QUESTION 20
Which two rule types are available in profiles? (Choose two.)
- A. Require Reconciliation Attachment
- B. Delete Reconciliation
- C. Copy Transactions from Prior Reconciliation
- D. Auto Approve Reconciliation
- E. Flag As Needs Attention
Answer: C,D
NEW QUESTION 21
Which is NOT a step in the process for reconciliation compliance?
- A. execute automation like Automatic Recon and Rules
- B. load balances
- C. confirm suggested matches
- D. prepare reconciliations
Answer: C
NEW QUESTION 22
Which is the minimum user security role required to edit profiles?
- A. Viewer
- B. Service Administrator
- C. User
- D. Power User
Answer: C
NEW QUESTION 23
Which two statements are true about importing and exporting match types? (Choose two.)
- A. Match types are exported to comma-separated (CSV) files.
- B. Import can update match types with Pending status only.
- C. Match types are exported to a .zip folder.
- D. Import can update match types with Approved status only.
Answer: A,B
NEW QUESTION 24
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 Reconciliations list, copy the reconciliation from the prior period and paste it into the current period.
- B. In the profile for Prepaid Expenses reconciliations, select 'Include Prior Period Transactions'.
- C. In the Balance Explanations tab of the current period reconciliation, select 'Copy Transactions from Prior Reconciliation'.
- D. Export the transactions from the prior period reconciliation and then import them to the current period reconciliation.
Answer: B
NEW QUESTION 25
From which two dates defined in the period can you schedule reconciliations? (Choose two.)
- A. prior period end date
- B. start date
- C. close date
- D. end date
Answer: C,D
NEW QUESTION 26
Which is required for a valid profile?
- A. at least one question:
- B. at least one level of review
- C. at least one rule
- D. at least one currency bucket
Answer: D
NEW QUESTION 27
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 import fails.
- B. The status is unchanged but a notification is sent to the related users.
- C. The status reverts to Pending.
- D. The status reverts to Open with Preparer.
Answer: D
NEW QUESTION 28
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. Select a format with the Variance Analysis reconciliation method for the profile.
- B. On the currency tab, enable a currency bucket for that prior period balance.
- C. Add a rule to the Rules tab.
- D. Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.
Answer: A
NEW QUESTION 29
What results if you load balances using Data Management to a period to which you previously imported pre- mapped balances?
- A. The reconciliation takes the balances loaded through Data Management and the pre-mapped balance load, and totals them.
- B. The Data Management data load fails.
- C. The balances loaded through Data Management overwrite the pre-mapped balances.
- D. You are prompted whether to overwrite the pre-mapped balances.
Answer: C
NEW QUESTION 30
Which is NOT an attribute type for reconciliation compliance attributes?
- A. True/False
- B. Yes/No
- C. Location
- D. Number
Answer: C
NEW QUESTION 31
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