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1Z0-1087-20 Oracle Account Reconciliation 2020 Implementation Essentials

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Oracle · 1Z0-1087-20

Free 1Z0-1087-20 Exam Dumps Preview

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Question 1

Single choice

In which row does an unmatched transaction with an accounting date of April 30th display in the period-end reconciliation for May 31?

A
It is excluded from the report
B
Unmatched Supported
C
Matched In Transit
D
Unmatched

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Correct answerB

Explanation

References:
https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/raarc/GUID-66348188-2CE7-4B0E-B239-0EBB40EC1C5F.pdf

Question 2

Single choice

Which keyword in a Teams import file identifies the section with the team members?

A
#team_children
B
#team
C
#team_items
D
#dependents

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Correct answerB

Explanation

References:
https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/adarc/GUID-3B2518AE-A5E5-
44CD-A032-5CB119F087FE.pdf (5-23)

Question 3

Single choice

Which statement regarding user-defined attributes is FALSE?

A
You can assign access by user role.
B
They can include calculated values.
C
They can be assigned default value.
D
You can no longer add/edit attributes after reconciliations are created.

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Correct answerD

Question 4

Single choice

You want the holidays to be skipped when scheduling due dates for reconciliations for an organizational unit.

What should you do?

A
Edit the due date in the reconciliations for the organizational unit.
B
Create a holiday rule and assign it to the organizational unit.
C
Create a calendar and assign it to the organizational unit.
D
Add a rule to the Rules tab of the profiles for the reconciliations.

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Correct answerB

Explanation

References:
https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/
setup_holiday_rules_create_112xd058af2d.html

Question 5

Single choice

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 profile for Prepaid Expenses reconciliations, select `Include Prior Period Transactions'.
C
In the Reconciliations list, copy the reconciliation from the prior period and paste it into the current period.
D
Export the transactions from the prior period reconciliation and then import them to the current period reconciliation.

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Correct answerB

Question 6

Multiple choice

Which two conditions can make a profile invalid? (Choose two.)

A
The Normal Balance setting does not match the account type.
B
No preparer is assigned on the Workflow tab.
C
No currency buckets are enabled.
D
Aging limits have not been specified.

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Correct answersA, B

Explanation

References:
https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/adarc/GUID-3B2518AE-A5E5-44CD-A032-5CB119F087FE.pdf

Question 7

Multiple choice

Which two are auto-reconciliation methods? (Choose two.)

A
Balance Match (%tolerance)
B
No Data
C
Balance has not changed
D
Balance is zero and no activity

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Correct answersA, D

Explanation

References:
https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/adarc/
admin_recons_edit_100xd76326fc.html

Question 8

Single choice

Which property of profiles is set automatically when you select the format for the profile?

A
Method
B
Normal Balance
C
Process
D
Account Type

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Correct answerD

Question 9

Single choice

What happens when you select the Key option for a data source attribute?

A
Transactions with the same key attributes cannot be loaded.
B
The attribute is hidden from users.
C
Transactions are sorted by the attribute.
D
Values are required for the attribute.

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Correct answerD

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Oracle Account Reconciliation 2020 Implementation Essentials

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