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

Oracle 1Z0-1087-22 Online Questions & Answers

• Question 41:

  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

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

• Question 42:

  When would you use the Variance Analysis reconciliation method?

  A. To explain the difference in balances within the same account over different periods.
  B. To explain the difference in balances from the standards set by an organization in its budget.
  C. To reconcile the same balance across general ledgers that follow different governing rules.
  D. To justify each detail line of the total balance for the period.
  C. To reconcile the same balance across general ledgers that follow different governing rules.

• Question 43:

  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

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

• Question 44:

  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

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

• Question 45:

  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 46:

  Which statement is true for profiles that have a Quarterly frequency selected?

  A. They must be assigned a quarterly calendar.
  B. You cannot create reconciliations for profiles with transaction matching reconciliation methods for quarterly periods.
  C. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.
  D. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.
  C. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.

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  You begin the reconciliation process for each period by creating reconciliations. You can create reconciliations for all account profiles, or for a filtered list of profiles. The profile frequency, such as monthly or quarterly, must match the period frequency.

• Question 47:

  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
  A. Method

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  Method is inherited from format

• Question 48:

  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.
  A. You must select either Actual or Budget as the scenario for the data.

• Question 49:

  Which reconciliation method is appropriate for a prepaid insurance reconciliation that explains the current month balance?

  A. Balance Comparison
  B. Transaction Matching
  C. Variance Analysis
  D. Account Analysis
  D. Account Analysis

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  The Account Analysis method is used for accounts that have no comparative balance.Preparers justify the account balance by entering the list of items that should be comprising the ending balance, such as prepaids, accruals, reserves, and intangibles, into the reconciliation.

• Question 50:

  Where do you navigate to configure power users access to profiles?

  A. under Application, select Configuration, and then System Settings
  B. under Tools, select Access Control, then Power User Security
  C. under Application, select Configuration, and then Profile Segments
  D. under Application, select Profiles
  B. under Tools, select Access Control, then Power User Security

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  Power user security