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1Z0-1087-22 Oracle Account Reconciliation 2022 Implementation Professional

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Oracle · 1Z0-1087-22

Free 1Z0-1087-22 Exam Dumps Preview

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Question 1

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 answerA

Explanation

The Key setting is a way to uniquely identify a record in the database. You can select one or more attributes as Keys for the duplicate check. The Transaction Import will not load a file if the file contains one or more transactions that match a Key that has already been loaded.

Question 2

Multiple choice

Which two auto-reconciliation methods for reconciliations use the Account Analysis format?

A
Unexplained difference is zero
B
Balance is zero
C
Zero activity
D
Balance is normal
E
No transactions

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Correct answersA, B

Question 3

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 4

Single choice

Which is true when you reopen a reconciliation?

A
It reopens to the service administrator.
B
It reopens to the last reviewer.
C
You select the role to which it reopens to.
D
It reopens to the preparer.

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Correct answerB

Question 5

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 answerA

Explanation

Method is inherited from format

Question 6

Single choice

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
On the currency tab, enable a currency bucket for that prior period balance.
B
Add a rule to the Rules tab.
C
Select a format with the Variance Analysis reconciliation method for the profile.
D
Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.

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Correct answerC

Explanation

References:
https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/GUID-52A3F1EF-7D35-41F5-A284-861268631470.pdf

Question 7

Single choice

You are creating a matching rule, and you want transactions that are within the specified tolerance range to be matched automatically, with no need for further user review.

Which option should you choose for the Match Status?

A
Suggested
B
Auto Approve
C
Auto Submit
D
Confirmed

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Correct answerB

Explanation

References:
https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/GUID-52A3F1EF-7D35-
41F5-A284-861268631470.pdf (5-9)

Question 8

Single choice

Which statement about manual matching in transaction matching is FALSE?

A
You can manually match transactions only if the amounts are within the tolerance.
B
Transactions for which auto-matching rules did not find matches can be manually matched.
C
You must be a power user or service administrator to create manual matches.
D
You can create adjustments to balance a match set.

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Correct answerA

Question 9

Single choice

The objects within the match type refer to data sources, the data source attributes, the match processes, the rules, and the rule conditions.

Which statement is FALSE aboutimporting a match type with the same name as an existing match type?

A
Objects that exist in the system but not in the import file are deleted.
B
New objects are created in the system from the objects in the import file if they do not exist.
C
Objects with the same name in the system as in the import file are not updated.
D
Objects from the import file overwrite objects with the same name in the system.

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Correct answerA

Question 10

Single choice

Which statement is always true of data loads from Data Management?

A
You must select either Actual or Budget as the scenario for the data.
B
You cannot load data into reconciliations with a status of Closed.
C
Only users with the administrator role can run data loads.
D
If there is no change in the balance, the reconciliation is not updated.

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Correct answerA

Question 11

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 12

Single choice

Which statement is FALSE regarding user-defined attributes?

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

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Correct answerA

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Oracle Account Reconciliation 2022 Implementation Professional

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