Oracle Account Reconciliation 2022 Implementation Professional (1z0-1087-22) Free Practice Test

Question 1

Which statement is true regarding the Normal Balance attribute in a profile?

A. Reconciliations display a warning if the balance type is other than expected.

B. It is assigned automatically based on the account type.

C. When it is selected, reconciliations display a warning if their balance is zero.

D. Preparers cannot save a reconciliation if the balance type is other than expected.

Correct Answer: A

Question 2

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. NZP

B. Include Null

C. 0

D. Source system

Correct Answer: A

Question 3

Which statement is true about saved filters?

A. Only service administrators can publish filters.

B. Saved Filters are public by default.

C. Only power users and service administrators can publish filters.

D. Any user can publish a saved filter that they created.

Correct Answer: B

Question 4

When a user requests that responsibility for a reconciliation be reassigned to John, who is another regular user, John should be able to approve the request.
How can this be configured?

A. Add John to the Reassignment Approvers security group.

B. On the Reassignment Requests tab in System Settings, in the Allow Reassignment Request Approval By option, select Users.

C. On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.

D. In his User Preferences, John should select the Approve Reassignments option.

Correct Answer: B

Question 5

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

A. Accounting Date

B. Calculation

C. Key Field

D. Balancing Attribute

Correct Answer: A,D

Question 6

Which two are tasks that can be performed using EPM Automate? (Choose two.)

A. import premapped data

B. set period status

C. export balances

D. export journals

Correct Answer: A,C

Question 7

To which do you assign default currencies?

A. currency buckets

B. account ids

C. formats

D. organizational units

Correct Answer: A

Question 8

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

A. They must be assigned a quarterly calendar.

B. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.

C. You cannot create reconciliations for profiles with transaction matching reconciliation methods for quarterly periods.

D. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.

Correct Answer: D

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Welcome to TestSimulate

Oracle Account Reconciliation 2022 Implementation Professional (1z0-1087-22) Free Practice Test