Oracle Account Reconciliation 2023 Implementation Professional (1z0-1087-23) Free Practice Test

Question 1

Which statement is FALSE about the profile segments?

A. The profile segments are configured as part of the system attributes,

B. The profile segments control the mapping of balances to reconciliations.

C. The profile segments specify the level at which the organization reconcile account balances.

D. You cannot change the profile segments after you have loaded profiles.

Correct Answer: C

Question 2

You want to load balances for both the Entered currency bucket and the Functional currency bucket in a single
data load.
Which tool should you use?

A. Data Management data load rule

B. 'Import pre-mapped balances' option in the Periods page

C. Supplemental Data Management form

D. Smart View

Correct Answer: A

Question 3

Which two statements are true about importing and exporting match types? (Choose two.)

A. Import can update match types with Approved status only.

B. Import can update match types with Pending status only.

C. Match types are exported to a .zip folder.

D. Match types are exported to comma-separated (CSV) files.

Correct Answer: B,D

Question 4

To which do you assign default currencies?

A. currency buckets

B. account ids

C. formats

D. organizational units

Correct Answer: A

Question 5

Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data
Management? (Choose two.)

A. BAI

B. EDI

C. SWIFT MT940

D. XML

Correct Answer: A,C

Question 6

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

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

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

Correct Answer: C

Question 7

Which three fields are required in a load file for pre-mapped balances?

A. Period

B. Entity

C. Currency Code

D. Reconciliation ID

E. Currency Bucket

F. Amount

Correct Answer: C,D,F

Question 8

The objects within the match type refer to data sources, the data source attributes, the match processes, the
rules, and the rule conditions. Which statement is FALSE about importing a match type with the same name as
an existing match type?

A. Objects from the import file overwrite objects with the same name in the system.

B. Objects that exist in the system but not in the import file are deleted.

C. New objects are created in the system from the objects in the import file if they do not exist.

D. Objects with the same name in the system as in the import file are not updated.

Correct Answer: B

Question 9

You are a preparer with the User role and you are going on vacation.
How can you assign responsibility for reconciliations currently open with you to the backup preparer?

A. In User Preferences, change your status to Out of Office.

B. Click the Release button in the reconciliations to release it to the other team members.

C. In the Actions menu of the reconciliations, select Request Reassignment.

D. In the Workflow tab of the reconciliations, select a backup preparer in the Backup Preparer field.

Correct Answer: D

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Oracle Account Reconciliation 2023 Implementation Professional (1z0-1087-23) Free Practice Test