Certification Training for 1Z0-1087-20 Exam Dumps Test Engine [2021]

Jul 22, 2021 Step by Step Guide to Prepare for 1Z0-1087-20 Exam

NEW QUESTION 19
When can you run auto-matching for a transaction matching reconciliation?

• A. after the reconciliation status changes to Open With Preparer
• B. after you load transactions to the reconciliation data sources
• C. after the period end date is reached
• D. after the reconciliation meets its start date

Answer: B

 

NEW QUESTION 20
Which is the minimum user security role required to edit profiles?

• A. Viewer
• B. Power User
• C. Service Administrator
• D. User

Answer: D

 

NEW QUESTION 21
A profile's properties have been modified and the changes saved. Which statement is correct?

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

Answer: A

 

NEW QUESTION 22
Which three types of reconciliations are suitable for the Transaction Matching feature? (Choose three.)

• A. reconciliations that are typically zero balance accounts with low activity
• B. reconciliations that have amortizing transactions
• C. reconciliations with 2 or more data sources, like a cash or accounts receivable account
• D. reconciliations with a single data source, like a clearing account
• E. accounts with high volumes of data

Answer: A,C,D

 

NEW QUESTION 23
Which two statements are correct about deleting reconciliations? (Choose two.)

• A. Only a Service Administrator or a Power User can delete a reconciliation.
• 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. The reconciliation status must be Pending.

Answer: B,C

 

NEW QUESTION 24
To which do you assign Holiday Rules?

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

Answer: C

 

NEW QUESTION 25
Which is required for a valid profile?

• A. at least one level of review
• B. at least one rule
• C. at least one currency bucket
• D. at least one question:

Answer: C

 

NEW QUESTION 26
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. Select a format with the Variance Analysis reconciliation method for the profile.
• C. Add a rule to the Rules tab.
• D. Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.

Answer: B

 

NEW QUESTION 27
In a reconciliation profile, the Account Payable Reviewers team is assigned as the reviewer, and you want to require that ALL team members approve the reconciliation.
Which action should you perform?

• A. Add a rule of the type Require Team Review to the Rules tab.
• B. Do not select a Primary User for the Account Payable Reviewers team.
• C. On the Workflow tab of the Profile, select All Reviewers in the Require Action By field.
• D. In the Instructions tab of the profile, add instructions for all team members to review the reconciliation.

Answer: C

 

NEW QUESTION 28
Which keyword in a Teams import file identifies the section with the team members?

• A. #team_items
• B. #team_children
• C. #dependents
• D. #team

Answer: D

 

NEW QUESTION 29
Which three statements are true about importing transaction matching transactions from the Jobs page?
(Choose three.)

• A. You can import transactions to a match type only if its status is Pending.
• B. Auto-match can run automatically after the import is finished.
• C. You select a separate load file for each data source.
• D. You must select a match type for the import.
• E. You can select comma or tab for delimiter, or enter a user-defined delimiter.

Answer: A,B,D

 

NEW QUESTION 30
Where can a service administrator navigate to view, by user, how many reconciliations were completed on time, how many are late, and how many were rejected?

• A. Worklist
• B. Overview Dashboard
• C. Reconciliations List
• D. Compliance Dashboard

Answer: D

 

NEW QUESTION 31
Which two options indicate the minimum and respectively the maximum number of currency buckets you can enable? (Choose two.)

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

Answer: A,B

 

NEW QUESTION 32
What results if you load balances using Data Management to a period to which you previously imported pre- mapped balances?

• A. You are prompted whether to overwrite the pre-mapped balances.
• B. The Data Management data load fails.
• C. The reconciliation takes the balances loaded through Data Management and the pre-mapped balance load, and totals them.
• D. The balances loaded through Data Management overwrite the pre-mapped balances.

Answer: D

 

NEW QUESTION 33
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 is unchanged but a notification is sent to the related users.
• B. The import fails.
• C. The status reverts to Open with Preparer.
• D. The status reverts to Pending.

Answer: C

 

NEW QUESTION 34
Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested Matches list? (Choose two.)

• A. Enter a date for the adjustment.
• B. Select the data source to adjust.
• C. Enter an adjustment amount.
• D. Select an Adjustment Type.

Answer: B,D

 

NEW QUESTION 35
Which statement is true about saved filters?

• A. Only power users and service administrators can publish filters.
• B. Any user can publish a saved filter that they created.
• C. Saved Filters are public by default.
• D. Only service administrators can publish filters.

Answer: C

 

NEW QUESTION 36
To which do you assign default currencies?

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

Answer: B

 

NEW QUESTION 37
Which expression do you include in the Expression field of the Amount column in an import format to ensure that zero balances are loaded?

• A. Include Null
• B. Source system
• C. 0
• D. NZP

Answer: D

 

NEW QUESTION 38
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

Answer: B

 

NEW QUESTION 39
Which statement about loading pre-mapped balances is FALSE?

• A. You can import from either tab separated or comma separated files.
• B. You can drill back to the ERP from the reconciliation screen.
• C. You must select a period to which to load the balances.
• D. You must select a currency bucket for the import.

Answer: B

 

NEW QUESTION 40
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