Try and practice the latest Oracle : 1z0-1087-23 real questions & answers
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Oracle 1z0-1087-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Reconciliation Process Management | - Transaction matching
|
| Topic 2: Oracle Account Reconciliation Cloud Service Overview | - Core concepts of Account Reconciliation Cloud (ARCS)
|
| Topic 3: Integration and Data Management | - Maintenance and automation
|
| Topic 4: Reporting and Troubleshooting | - System troubleshooting
|
| Topic 5: Workflow and Controls | - Workflow management
|
| Topic 6: Configuration and Setup | - System configuration
|
Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:
What results if you load balances using Data Management to a period to which you previously imported pre-
mapped balances?
- A. You are prompted whether to overwrite the pre-mapped balances.
- B. The Data Management data load fails.
- C. The reconciliation takes the balances loaded through Data Management and the pre-mapped balance load, and totals them.
- D. The balances loaded through Data Management overwrite the pre-mapped balances.
Correct Answer: D 🗳️
Which two attribute types are required for each data source? (Choose two.)
- A. Balancing Attribute
- B. Key Field
- C. Calculation
- D. Accounting Date
Correct Answer: A,D 🗳️
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.
Correct Answer: A 🗳️
Which statement regarding user-defined attributes is FALSE?
- A. You can assign access by user role.
- B. They can be assigned default value.
- C. You can no longer add/edit attributes after reconciliations are created.
- D. They can include calculated values.
Correct Answer: C 🗳️
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 Balance Explanations tab of the current period reconciliation, select 'Copy Transactions from
Prior Reconciliation'. - B. In the Reconciliations list, copy the reconciliation from the prior period and paste it into the current
period. - C. Export the transactions from the prior period reconciliation and then import them to the current period reconciliation.
- D. In the profile for Prepaid Expenses reconciliations, select 'Include Prior Period Transactions'.
Correct Answer: D 🗳️
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