Get Ready with 1Z0-1087-21 Exam Dumps (2022) [Q20-Q39]

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Get Ready with 1Z0-1087-21 Exam Dumps (2022)

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Oracle 1Z0-1087-21 Exam Syllabus Topics:

Topic	Details
Topic 1	Review, Approve, Reject, and Reopen reconciliations Configure Match Processes (including matching rules)
Topic 2	Create and manage Profiles (Manual entry, copy & paste, delete, export and import; change theshold) Explain Processes for Reconciliation Compliance (5 step process)
Topic 3	Identify Use Cases – Clearing or Accrual Reconciliations, Reconciling Debits and Credits Export adjustments or transactions as journal entries
Topic 4	Add calculated attributes and filters Configuring Transaction Matching
Topic 5	Create Formats and Profiles for Transaction Matching reconciliations Create Match Types (Data Sources, Attributes, Transaction Types)
Topic 6	Describe Individual, Group, and Summary Reconciliations Describe methods of loading data (including EPM Automate and REST APIs)

Q20. Which two are matching rule types?

Matches Exactly

Matches with Tolerance

Suggested Match

Adjustment

One to One

Q21. You are a preparer with the User role and you are going on vacation.
How can you assign responsibility for reconciliations currently open with you to the backup preparer?

In the Workflow tab of the reconciliations, select a backup preparer in the Backup Preparer field.

In User Preferences, change your status to Out of Office.

In the Actions menu of the reconciliations, select Request Reassignment.

Click the Release button in the reconciliations to release it to the other team members.

Q22. Which expression do you include in the Expression field of the Amount column in an import format to ensure that zero balances are loaded?

Source system

NZP

Include Null

Q23. Which statement is FALSE about reconciliations when the period is Closed?

Preparers can submit reconciliations with Open status.

Reviewers can approve reconciliations under review.

Reconciliations with Pending status can start.

You can load data to reconciliations for the period.

Q24. For which scenario could a match type with a single data source be appropriate?

matching credits and debits for a clearing account

intercompany matching

matching bank and point-of-sale transactions

variance analysis for current and prior period balances

Q25. Which two statements are true about Group reconciliations? (Choose two.)

Group reconciliations include other individual reconciliations as children.

You cannot use Data Management to import balances for group reconciliations.

The format for the reconciliation must be enabled for Group Reconciliation.

The Group Detail tab shows data for the group reconciliation sub segments.

You can import balances into periods as pre-mapped data.

Q26. 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?

Reconciliations List

Overview Dashboard

Compliance Dashboard

Worklist

Q27. Which statement is FALSE about calendars?

Calendars are associated with periods and organizational units.

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

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

Calendars set the dates and frequencies for each period.

Q28. You want to require that preparers answer a question certifying that they followed the company accounting policies in preparing the reconciliation.
Where do you add the questions?

to the match type

to the profile

to the reconciliation

to the format

Q29. Which two are tasks that can be performed using EPM Automate? (Choose two.)

set period status

import premapped data

export balances

export journals

Q30. Which statement about loading pre-mapped balances is FALSE?

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

You must select a currency bucket for the import.

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

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

Q31. 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?

Your data includes fields with blank values.

You are loading data to the Reporting currency bucket.

You are loading more than 1000 transactions.

You want to import one concatenated field from the source file, rather than two separate fields.

Q32. A team has been assigned as the preparer for a reconciliation, and one team member is designated as the primary user.
What characterizes the primary user?

The system automatically re-assigned the reconciliation to the primary user when the current preparer is out of the office.

The primary user must approve the reconciliation before the preparer submits the reconciliation.

The primary user can edit the reconciliation properties.

The system automatically claims the reconciliation for the primary use when the reconciliation status changes to Open (with preparer).

Q33. To which do you assign Holiday Rules?

profiles

calendars

organizational units

periods

Q34. Which two statements are correct about deleting reconciliations? (Choose two.)

The reconciliation status must be Pending.

Only the preparer of the reconciliation can delete the reconciliation.

The balances loaded for a period are not deleted when the reconciliation is deleted.

Only a Service Administrator or a Power User can delete a reconciliation.

Q35. Which statement regarding user-defined attributes is FALSE?

You can assign access by user role.

They can include calculated values.

They can be assigned default value.

You can no longer add/edit attributes after reconciliations are created.

Q36. Which two tasks can be performed using EPM Automate?

Set period status.

Export journals.

Import match types.

Load pre-mapped balances.

Q37. Which statement about journals in transaction matching is FALSE?

You create separate journal column mappings for adjustments and transactions.

For transactions, you can apply a data source filter to the export.

You create separate journal columns for each match type.

For adjustments, the variance amount is exported to the Amount column.

Q38. To which do you assign default currencies?

currency buckets

account ids

organizational units

formats

Q39. Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data Management? (Choose two.)

SWIFT MT940

BAI

EDI

XML

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