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NEW QUESTION # 20
Which statement is true regarding the Normal Balance attribute in a profile?
- A. Reconciliations display a warning if the balance type is other than expected.
- B. It is assigned automatically based on the account type.
- C. When it is selected, reconciliations display a warning if their balance is zero.
- D. Preparers cannot save a reconciliation if the balance type is other than expected.
Answer: A
NEW QUESTION # 21
When a user requests that responsibility for a reconciliation be reassigned to John, who is another regular user,
John should be able to approve the request.
How can this be configured?
- A. In his User Preferences, John should select the Approve Reassignments option.
- B. On the Reassignment Requests tab in System Settings, in the Allow Reassignment Request Approval By
option, select Users. - C. On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.
- D. Add John to the Reassignment Approvers security group.
Answer: B
NEW QUESTION # 22
Which three statements are true about importing transaction matching transactions from the Jobs page?
(Choose three.)
- A. You select a separate load file for each data source.
- B. You must select a match type for the import.
- C. You can import transactions to a match type only if its status is Pending.
- D. Auto-match can run automatically after the import is finished.
- E. You can select comma or tab for delimiter, or enter a user-defined delimiter.
Answer: B,C,D
NEW QUESTION # 23
Which reconciliation method is appropriate for a prepaid insurance reconciliation that explains the current
month balance?
- A. Balance Comparison
- B. Variance Analysis
- C. Transaction Matching
- D. Account Analysis
Answer: A
NEW QUESTION # 24
Which rule runs during the post-processing of data loads?
- A. Auto Submit Reconciliation
- B. Auto Match Transactions
- C. Copy Transactions
- D. Send Email On Update
- E. Create Reconciliations
Answer: B
NEW QUESTION # 25
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 want to import one concatenated field from the source file, rather than two separate fields.
- C. You are loading more than 1000 transactions.
- D. You are loading data to the Reporting currency bucket.
Answer: D
NEW QUESTION # 26
Which statement is FALSE about the review process in reconciliation compliance?
- A. You can assign a team as reviewer.
- B. You can assign backup reviewers.
- C. You can have up to seven levels of review.
- D. Reviewers are sent notifications.
Answer: A
NEW QUESTION # 27
When would you use the Variance Analysis reconciliation method?
- A. To explain the difference in balances within the same account over different periods.
- B. To explain the difference in balances from the standards set by an organization in its budget.
- 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 # 28
Which ability does NOT belong to users with the Power User role?
- A. edit profiles to which they are assigned access
- B. review reconciliations
- C. prepare reconciliations
- D. edit formats to which they are assigned access
Answer: D
NEW QUESTION # 29
Which is required for a valid profile?
- A. at least one level of review
- B. at least one currency bucket
- C. at least one question
- D. at least one rule
Answer: B
NEW QUESTION # 30
The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which
two are possible explanations? (Choose two.)
- A. Journal adjustments created were not posted.
- B. You do not have security access to all the transactions.
- C. Currency exchanges rates are out of date.
- D. The data load for transactions was incomplete.
Answer: A,B
NEW QUESTION # 31
Which statement is FALSE of teams?
- A. A team can have another team as a member.
- B. Teams can be assigned a primary user.
- C. A user can belong to more than one team.
- D. Teams are assigned to profiles on the Workflow tab.
Answer: D
NEW QUESTION # 32
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. You create separate journal columns for each match type.
- D. For transactions, you can apply a data source filter to the export.
Answer: B
NEW QUESTION # 33
Where can a service administrator navigate to view, by user, how many reconciliations were completed on
time, how many are late, and how many were rejected?
- A. Compliance Dashboard
- B. Overview Dashboard
- C. Worklist
- D. Reconciliations List
Answer: A
NEW QUESTION # 34
Which two statements are correct about deleting reconciliations? (Choose two.)
- A. The reconciliation status must be Pending.
- B. Only the preparer of the reconciliation can delete the reconciliation.
- C. The balances loaded for a period are not deleted when the reconciliation is deleted.
- D. Only a Service Administrator or a Power User can delete a reconciliation.
Answer: B,C
NEW QUESTION # 35
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