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

Oracle 1Z0-1087-22 Online Questions & Answers

• Question 61:

  You are using EPM Automate commands to automate data load to Account Reconciliation.

  In which scenario should you use EPM Automate to load the data through Data Management rather than directly into Account Reconciliation?

  A. Your data includes fields with blank values.
  B. You are loading data to the Reporting currency bucket.
  C. You are loading more than 1000 transactions.
  D. You want to import one concatenated field from the source file, rather than two separate fields.
  D. You want to import one concatenated field from the source file, rather than two separate fields.

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  Only data management can transform data before loading

• Question 62:

  A profile's properties have been modified and the changes saved. Which statement is correct?

  A. Existing reconciliations that use the profile are not updated.
  B. Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with the changes.
  C. Existing reconciliations that use the profile are updated after approval by a system administrator.
  D. Existing reconciliations with Pending status that use the profile are updated with the changes.
  B. Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with the changes.

• Question 63:

  Which is NOT an attribute type for reconciliation compliance attributes?

  A. Yes/No
  B. True/False
  C. Number
  D. Location
  D. Location

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  Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/setup_attributes_define_100xd4952d5d.html

• Question 64:

  Which statement is FALSE about calendars?

  A. Calendars are associated with periods and organizationalunits.
  B. One period may have many calendars to reflect different date configurations for the period.
  C. An organizational unit can be assigned many calendars to enable reconciliations for different financial dates.
  D. Calendars set the dates and frequencies for each period.
  D. Calendars set the dates and frequencies for each period.

• Question 65:

  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.
  A. You can no longer add/edit attributes afterreconciliations are created.

• Question 66:

  What happens to a reconciliation if a team member who prepared the reconciliation is deleted from the team at a later point of time?

  A. Changes made by the deleted member are reassigned to the primary member of the team for review and approval,
  B. The reconciliation is flagged as invalid and needs to be re-created by the administrator.
  C. Changes made by the deleted member are reverted and the deleted member is removed from the reconciliation as preparer.
  D. Changes made by the deleted member are kept intact and the deleted member still appears as the original preparer.
  D. Changes made by the deleted member are kept intact and the deleted member still appears as the original preparer.

• Question 67:

  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

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

• Question 68:

  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.
  B. It reopens to the last reviewer.

• Question 69:

  For which scenario could a match type with a single data source be appropriate?

  A. matching credits and debits for a clearing account
  B. intercompany matching
  C. matching bank and point-of-sale transactions
  D. variance analysis for current and prior period balances
  A. matching credits and debits for a clearing account

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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 70:

  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.