1z0-1087-22 by Oracle Actual Free Exam Questions And Answers

Question 1

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

A. execute automation like Automatic Recon and Rules

B. prepare reconciliations

C. confirm suggested matches

D. load balances

Discussion 0

Correct Answer: C Vote an answer

Question 2

Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested Matches list? (Choose two.)

A. Select an Adjustment Type.

B. Enter a date for the adjustment.

C. Select the data source to adjust.

D. Enter an adjustment amount.

Discussion 0

Correct Answer: A,C Vote an answer

Question 3

Which is NOT a step in configuring journals in Transaction Matching?

A. define data source filters

B. create journal columns

C. map journal columns to data source attribute columns

D. create journal templates

Discussion 0

Correct Answer: D Vote an answer

Question 4

Which statement about journals in transaction matching is FALSE?

A. You create separate journal columns for each match type.

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 column mappings for adjustments and transactions.

Discussion 0

Correct Answer: B Vote an answer

Question 5

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 profile for Prepaid Expenses reconciliations, select 'Include Prior Period Transactions'.

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

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

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

Discussion 0

Correct Answer: A Vote an answer

Question 6

Which statement is FALSE about calendars?

A. Calendars set the dates and frequencies for each period.

B. Calendars are associated with periods and organizational units.

C. An organizational unit can be assigned many calendars to enable reconciliations for different financial dates.

D. One period may have many calendars to reflect different date configurations for the period.

Discussion 0

Correct Answer: A Vote an answer

Question 7

Which statement about loading pre-mapped balances is FALSE?

A. You must select a currency bucket for the import.

B. You can drill back to the ERP from the reconciliation screen.

C. You must select a period to which to load the balances.

D. You can import from either tab separated or comma separated files.

Discussion 0

Correct Answer: B Vote an answer

Question 8

The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which two are possible explanations? (Choose two.)

A. Currency exchanges rates are out of date.

B. Journal adjustments created were not posted.

C. The data load for transactions was incomplete.

D. You do not have security access to all the transactions.

Discussion 0

Correct Answer: B,D Vote an answer

Oracle Account Reconciliation 2022 Implementation Professional - 1z0-1087-22 Exam Practice Test

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