Oracle 1Z0-1087-20 Online Practice Questions and Exam Preparation

Oracle 1Z0-1087-20 Online Questions & Answers

• Question 1:

  What happens when you load balances to a reconciliation with the status Closed or Open With Reviewer and the balance is different than what was already Certified?

  A. The status reverts to Pending.
  B. The import fails.
  C. The status reverts to Open with Preparer.
  D. The status is unchanged but a notification is sent to the related users.
  C. The status reverts to Open with Preparer.

• Question 2:

  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.
  A. You can manually match transactions only if the amounts are within the tolerance.

• Question 3:

  Which two rule types are available in profiles? (Choose two.)

  A. Flag As Needs Attention
  B. Auto Approve Reconciliation
  C. Require Reconciliation Attachment
  D. Delete Reconciliation
  E. Copy Transactions from Prior Reconciliation
  B. Auto Approve Reconciliation
  E. Copy Transactions from Prior Reconciliation

  ---

  explanation:

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

• Question 4:

  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 question?

  A. to the match type
  B. to the profile
  C. to the reconciliation
  D. to the format
  D. to the format

  ---

  explanation:

  Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/GUID-52A3F1EF-7D35-41F5-A284-861268631470.pdf (5-18)

• Question 5:

  The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which two are possible explanations? (Choose two.)

  A. Currency exchanges rates are out of date.
  B. Journal adjustments created were not posted.
  C. You do not have security access to all the transactions.
  D. The data load for transactions was incomplete.
  B. Journal adjustments created were not posted.
  C. You do not have security access to all the transactions.

• Question 6:

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

  A. Preparers can submit reconciliations with Open status.
  B. Reviewers can approve reconciliations under review.
  C. Reconciliations with Pending status can start.
  D. You can load data to reconciliations for the period.
  D. You can load data to reconciliations for the period.

• Question 7:

  Which two options indicate the minimum and respectively the maximum number of currency buckets you can enable? (Choose two.)

  A. two
  B. four
  C. one
  D. three
  C. one
  D. three

  ---

  explanation:

  Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/setup_currency_buckets_100xd05735bf.html

• Question 8:

  Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation method?

  A. They display in both the Reconciliations list and the Matching list.
  B. They do not participate in period-end compliance workflow.
  C. They do not need to be created for periods.
  D. You must create profiles for them.
  D. You must create profiles for them.

  ---

  explanation:

  Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/setup_formats_standard_100xf32eff30.html

• Question 9:

  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.
  B. Create a holiday rule and assign it to the organizational unit.

  ---

  explanation:

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

• Question 10:

  Which two attribute types are required for each data source? (Choose two.)

  A. Key Field
  B. Accounting Date
  C. Calculation
  D. Balancing Attribute
  B. Accounting Date
  D. Balancing Attribute

  ---

  explanation:

  Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/admin_trans_match_setup_define_data_sources_100x69257777.html