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1Z0-1087-20 Real Exam Questions

Oracle Account Reconciliation 2020 Implementation Essentials

60 questions available · Page 1 of 6

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Question 1 Single choice

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?

  1. A

    to the match type

  2. B

    to the profile

  3. C

    to the reconciliation

  4. D

    to the format

Show answer and explanation

Correct answer: D

Explanation

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

Question 2 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?

  1. A

    It is excluded from the report

  2. B

    Unmatched Supported

  3. C

    Matched In Transit

  4. D

    Unmatched

Show answer and explanation

Correct answer: B

Explanation

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

Question 3 Single choice

To which do you assign Holiday Rules?

  1. A

    profiles

  2. B

    calendars

  3. C

    organizational units

  4. D

    periods

Show answer and explanation

Correct answer: B

Explanation

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

Question 4 Multiple choice

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

  1. A

    Key Field

  2. B

    Accounting Date

  3. C

    Calculation

  4. D

    Balancing Attribute

Show answer and explanation

Correct answers: B, D

Explanation

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

Question 5 Multiple choice

Which three statements are true about importing transaction matching transactions from the Jobs page? (Choose three.)

  1. A

    You select a separate load file for each data source.

  2. B

    You can select comma or tab for delimiter, or enter a user-defined delimiter.

  3. C

    You can import transactions to a match type only if its status is Pending.

  4. D

    Auto-match can run automatically after the import is finished.

  5. E

    You must select a match type for the import.

Show answer and explanation

Correct answers: C, D, E

Explanation

References:
https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/raarc/
reconcile_trans_match_create_run_jobs_104x6dc77eb2.html

Question 6 Single choice

Which statement about rules is FALSE?

  1. A

    A rule can set a reconciliation attribute to a specified value when the rule conditions are met.

  2. B

    You can use a saved filter as the condition in a rule.

  3. C

    Profiles inherit rules from their formats.

  4. D

    A profile can have a maximum of three rules.

Show answer and explanation

Correct answer: D

Question 7 Single choice

Which statement about loading pre-mapped balances is FALSE?

  1. A

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

  2. B

    You must select a currency bucket for the import.

  3. C

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

  4. D

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

Show answer and explanation

Correct answer: A

Explanation

References:
https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/raarc/
admin_import_premapped_balances_102xfdf77b0f.html

Question 8 Single choice

Which statement regarding user-defined attributes is FALSE?

  1. A

    You can assign access by user role.

  2. B

    They can include calculated values.

  3. C

    They can be assigned default value.

  4. D

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

Show answer and explanation

Correct answer: D

Question 9 Single choice

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?

  1. A

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

  2. B

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

  3. C

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

  4. D

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

Show answer and explanation

Correct answer: A

Explanation

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

Question 10 Single choice

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

  1. A

    They display in both the Reconciliations list and the Matching list.

  2. B

    They do not participate in period-end compliance workflow.

  3. C

    They do not need to be created for periods.

  4. D

    You must create profiles for them.

Show answer and explanation

Correct answer: D

Explanation

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