Oracle 1Z0-1087-22 Online Practice Questions and Exam Preparation

Oracle 1Z0-1087-22 Online Questions & Answers

• Question 21:

  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
  B. Unmatched Supported

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

• Question 22:

  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.
  C. Select a format with the Variance Analysis reconciliation method for the profile.

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

• Question 23:

  Which statement is FALSE about the profile segments?

  A. You cannot change the profile segments after you have loaded profiles.
  B. The profile segments control the mapping of balances to reconciliations.
  C. The profile segments are configured as part of the system attributes,
  D. The profile segments specify the level at which the organization reconcile account balances.
  D. The profile segments specify the level at which the organization reconcile account balances.

• Question 24:

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

  A. The reconciliation status must be Pending.
  B. Only the preparer of the reconciliation can delete the reconciliation.
  C. The balances loaded for a period are not deleted when the reconciliation is deleted.
  D. Only a Service Administrator or a Power User can delete a reconciliation.
  C. The balances loaded for a period are not deleted when the reconciliation is deleted.
  D. Only a Service Administrator or a Power User can delete a reconciliation.

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  Only admin or power user can delete recon

• Question 25:

  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 26:

  Which ability does NOT belong to users with the Power User role?

  A. edit formats to which they are assigned access
  B. prepare reconciliations
  C. review reconciliations
  D. edit profiles to which they are assigned access
  A. edit formats to which they are assigned access

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  https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/cgsad/4_managing_epm_cloud_users_roles_arcs.html

• Question 27:

  Which statement is FALSE of teams?

  A. Teams are assigned to profiles on the Workflow tab.
  B. A team can have another team as a member.
  C. Teams can be assigned a primary user.
  D. A user can belong to more than one team.
  A. Teams are assigned to profiles on the Workflow tab.

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  Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/adarc/admin_teams_overview_100xf083e7e0.html https://docs.oracle.com/cd/E57185_01/FCLUS/FCLUS.pdf

• Question 28:

  Which two statements are true about match types with Pending status?

  A. You can edit the data sources attributes.
  B. You can load datato Pending reconciliations for the match type.
  C. You can perform matching on reconciliations for the match type.
  D. You cannot edit the matching rules.
  B. You can load datato Pending reconciliations for the match type.
  C. You can perform matching on reconciliations for the match type.

• Question 29:

  To which do you assign default currencies?

  A. currency buckets
  B. account ids
  C. organizational units
  D. formats
  A. currency buckets

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  Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/setup_profile_currency_create_132xd5cdfe3e.html

• Question 30:

  To which do you assign Holiday Rules?

  A. profiles
  B. calendars
  C. organizational units
  D. periods
  C. organizational units

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  Both Calendars and Holiday Rules can be applied separately to Organizations. Ultimately, the Calendar and Holiday Rules associated with a Profile (via its Organizational Unit) interact with the Calendar associated with a Period to determine the users workflow start and end dates in the deployed Reconciliation. https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/setup_calendars_add_delete_112xd0537a09.html