Get Ready to Pass the 1z0-1087-22 exam with Oracle Latest Practice Exam [Q26-Q41]

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Get Ready to Pass the 1z0-1087-22 exam with Oracle Latest Practice Exam

Get Prepared for Your 1z0-1087-22 Exam With Actual Oracle Study Guide!

Oracle 1z0-1087-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Describe methods of loading data (including EPM Automate and REST APIs) Describe user roles (Administrator, Power User, User, Viewer)
Topic 2	Import Data Using Data Management Create and delete Reconciliations Review Transaction Matching Period-End Balancing
Topic 3	Describe Reconciliation Methods Transfer reconciliations between users Configuring Reconciliation Compliance
Topic 4	Identify Use Cases – Clearing or Accrual Reconciliations, Reconciling Debits and Credits Add calculated attributes and filters
Topic 5	Describe 5 balancing scenarios (Golden Rules) Import Transactions to Data Sources Define Currency Rates and Currency Buckets

QUESTION 26
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?

‘Import pre-mapped balances’ option in the Periods page

Data Management data load rule

Smart View

Supplemental Data Management form

QUESTION 27
Which statement is FALSE about the review process in reconciliation compliance?

Reviewers are sent notifications.

You can have up to seven levels of review.

You can assign backup reviewers.

You can assign a team as reviewer.

QUESTION 28
Which statement about rules is FALSE?

A rule can set a reconciliation attribute to a specified value when the rule conditions are met.

You can use a saved filter as the condition in a rule.

Profiles inherit rules from their formats.

A profile can have a maximum of three rules.

QUESTION 29
You want the holidays to be skipped when scheduling due dates for reconciliations for an organizational unit. What should you do?

Edit the due date in the reconciliations for the organizational unit.

Create a holiday rule and assign it to the organizational unit.

Create a calendar and assign it to the organizational unit.

Add a rule to the Rules tab of the profiles for the reconciliations.

QUESTION 30
What happens to a reconciliation if a team member who prepared the reconciliation is deleted from the team at a later point of time?

Changes made by the deleted member are reassigned to the primary member of the team for review and approval,

The reconciliation is flagged as invalid and needs to be re-created by the administrator.

Changes made by the deleted member are reverted and the deleted member is removed from the reconciliation as preparer.

Changes made by the deleted member are kept intact and the deleted member still appears as the original preparer.

QUESTION 31
Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested Matches list? (Choose two.)

Select the data source to adjust.

Select an Adjustment Type.

Enter an adjustment amount.

Enter a date for the adjustment.

QUESTION 32
Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data Management? (Choose two.)

SWIFT MT940

BAI

EDI

XML

QUESTION 33
Which statement is FALSE regarding user-defined attributes?

You can no longer add/edit attributes after reconciliations are created.

They can be added to formats, profiles, and transactions.

They can include calculated values.

You can assign access to attributes by user role.

QUESTION 34
Which two are auto-reconciliation methods? (Choose two.)

Balance Match (%tolerance)

No Data

Balance has not changed

Balance is zero and no activity

QUESTION 35
Which is NOT a step in the process for reconciliation compliance?

prepare reconciliations

execute automation like Automatic Recon and Rules

load balances

confirm suggested matches

QUESTION 36
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?

In the Instructions tab of the profile, add instructions for all team members to review the reconciliation.

On the Workflow tab of the Profile, select All Reviewers in the Require Action By field.

Add a rule of the type Require Team Review to the Rules tab.

Do not select a Primary User for the Account Payable Reviewers team.

QUESTION 37
Where do you navigate to configure power users access to profiles?

under Application, select Configuration, and then System Settings

under Tools, select Access Control, then Power User Security

under Application, select Configuration, and then Profile Segments

under Application, select Profiles

QUESTION 38
Which statement is true for profiles that have a Quarterly frequency selected?

They must be assigned a quarterly calendar.

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

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

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

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 39
You are creating a matching rule, and you want transactions that are within the specified tolerance range to be matched automatically, with no need for further user review.
Which option should you choose for the Match Status?

Suggested

Auto Approve

Auto Submit

Confirmed

QUESTION 40
To which do you assign Holiday Rules?

profiles

calendars

organizational units

periods

QUESTION 41
Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation method?

They display in both the Reconciliations list and the Matching list.

They do not participate in period-end compliance workflow.