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Oracle 1z0-1087-23 Exam Syllabus Topics:

SectionObjectives
Workflow and Controls- Audit and compliance
  • 1. Control monitoring and reporting
    • 2. Audit trail configuration
      - Workflow management
      • 1. Notifications and escalation rules
        • 2. Reconciliation approval workflows
          Oracle Account Reconciliation Cloud Service Overview- Core concepts of Account Reconciliation Cloud (ARCS)
          • 1. Business purpose and use cases of ARCS
            • 2. Key components and architecture
              Integration and Data Management- Maintenance and automation
              • 1. Automation scripts and rules
                • 2. Scheduled data loads
                  - Data integration
                  • 1. Data mapping and transformation
                    • 2. Importing data from ERP systems
                      Reporting and Troubleshooting- Reporting capabilities
                      • 1. Custom reporting and analytics
                        • 2. Standard reconciliation reports
                          - System troubleshooting
                          • 1. Error handling and diagnostics
                            • 2. Performance optimization basics
                              Configuration and Setup- System configuration
                              • 1. Setup of applications and profiles
                                • 2. Security roles and access management
                                  - Reconciliation configuration
                                  • 1. Matching rules configuration
                                    • 2. Reconciliation formats and profiles
                                      Reconciliation Process Management- Balance reconciliation
                                      • 1. Variance analysis and adjustment handling
                                        • 2. Account certification workflow
                                          - Transaction matching
                                          • 1. Auto-match and manual match processes
                                            • 2. Matching rule optimization

                                              Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

                                              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. In the Instructions tab of the profile, add instructions for all team members to review the reconciliation.
                                              • 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.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: A  🗳️

                                              You are using EPM Automate commands to automate data load to Account Reconciliation.
                                              In which scenario should you use EPM Automate to load the data through Data Management rather than
                                              directly into Account Reconciliation?

                                              • A. Your data includes fields with blank values.
                                              • B. You are loading more than 1000 transactions.
                                              • C. You are loading data to the Reporting currency bucket.
                                              • D. You want to import one concatenated field from the source file, rather than two separate fields.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: C  🗳️

                                              When would you use the Variance Analysis reconciliation method?

                                              • A. To reconcile the same balance across general ledgers that follow different governing rules.
                                              • B. To justify each detail line of the total balance for the period.
                                              • C. To explain the difference in balances within the same account over different periods.
                                              • D. To explain the difference in balances from the standards set by an organization in its budget.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: A  🗳️

                                              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. 'Import pre-mapped balances' option in the Periods page
                                              • B. Supplemental Data Management form
                                              • C. Smart View
                                              • D. Data Management data load rule
                                              Reveal Solution  Discussion  0

                                              Correct Answer: D  🗳️

                                              Which statement is FALSE regarding user-defined attributes?

                                              • A. They can include calculated values.
                                              • B. They can be added to formats, profiles, and transactions.
                                              • C. You can assign access to attributes by user role.
                                              • D. You can no longer add/edit attributes after reconciliations are created.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: D  🗳️

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