Oracle 1Z0-1087-21 Dumps - The Sure Way To Pass Exam
1Z0-1087-21 Exam Questions (Updated 2022) 100% Real Question Answers
NEW QUESTION 48
Which statement is FALSE regarding user-defined attributes?
- A. They can be added to formats, profiles, and transactions.
- B. They can include calculated values.
- C. You can assign access to attributes by user role.
- D. You can no longer add/edit attributes after reconciliations are created.
Answer: D
NEW QUESTION 49
Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation method?
- A. You must create profiles for them.
- B. They display in both the Reconciliations list and the Matching list.
- C. They do not participate in period-end compliance workflow.
- D. They do not need to be created for periods.
Answer: A
NEW QUESTION 50
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?
- A. Suggested
- B. Auto Submit
- C. Confirmed
- D. Auto Approve
Answer: D
NEW QUESTION 51
A team has been assigned as the preparer for a reconciliation, and one team member is designated as the primary user.
What characterizes the primary user?
- A. The primary user can edit the reconciliation properties.
- B. The system automatically claims the reconciliation for the primary use when the reconciliation status changes to Open (with preparer).
- C. The primary user must approve the reconciliation before the preparer submits the reconciliation.
- D. The system automatically re-assigned the reconciliation to the primary user when the current preparer is out of the office.
Answer: B
NEW QUESTION 52
Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data Management? (Choose two.)
- A. EDI
- B. XML
- C. BAI
- D. SWIFT MT940
Answer: C,D
NEW QUESTION 53
Which statement is FALSE of teams?
- A. Teams can be assigned a primary user.
- B. A user can belong to more than one team.
- C. Teams are assigned to profiles on the Workflow tab.
- D. A team can have another team as a member.
Answer: C
NEW QUESTION 54
A profile's properties have been modified and the changes saved. Which statement is correct?
- A. Existing reconciliations with Pending 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 that use the profile are not updated.
- D. Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with the changes.
Answer: D
NEW QUESTION 55
In which location do you configure rules for reconciliation compliance transactions?
- A. Match Type
- B. Format
- C. Profile
- D. Reconciliation
Answer: B
NEW QUESTION 56
Which two are tasks that can be performed using EPM Automate? (Choose two.)
- A. export journals
- B. import premapped data
- C. set period status
- D. export balances
Answer: B,D
NEW QUESTION 57
In the Balance Explanations tab of the Prepaid Expenses reconciliation, you want to include the transactions and attachments from the prior period in the current period.
Which action should you perform?
- A. In the profile for Prepaid Expenses reconciliations, select 'Include Prior Period Transactions'.
- B. Export the transactions from the prior period reconciliation and then import them to the current period reconciliation.
- C. In the Balance Explanations tab of the current period reconciliation, select 'Copy Transactions from Prior Reconciliation'.
- D. In the Reconciliations list, copy the reconciliation from the prior period and paste it into the current period.
Answer: A
NEW QUESTION 58
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. Add a rule to the Rules tab.
- B. Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.
- C. Select a format with the Variance Analysis reconciliation method for the profile.
- D. On the currency tab, enable a currency bucket for that prior period balance.
Answer: C
NEW QUESTION 59
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 import fails.
- B. The status reverts to Pending.
- C. The status reverts to Open with Preparer.
- D. The status is unchanged but a notification is sent to the related users.
Answer: C
NEW QUESTION 60
The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which two are possible explanations? (Choose two.)
- A. You do not have security access to all the transactions.
- B. The data load for transactions was incomplete.
- C. Currency exchanges rates are out of date.
- D. Journal adjustments created were not posted.
Answer: A,D
NEW QUESTION 61
Where do you navigate to configure power users access to profiles?
- A. under Application, select Configuration, and then System Settings
- B. under Application, select Configuration, and then Profile Segments
- C. under Application, select Profiles
- D. under Tools, select Access Control, then Power User Security
Answer: A
NEW QUESTION 62
Which statement regarding user-defined attributes is FALSE?
- A. They can include calculated values.
- B. You can assign access by user role.
- C. They can be assigned default value.
- D. You can no longer add/edit attributes after reconciliations are created.
Answer: D
NEW QUESTION 63
Which keyword in a Teams import file identifies the section with the team members?
- A. #team_children
- B. #team
- C. #team_items
- D. #dependents
Answer: B
NEW QUESTION 64
When would you use the Variance Analysis reconciliation method?
- A. To explain the difference in balances from the standards set by an organization in its budget.
- B. To reconcile the same balance across general ledgers that follow different governing rules.
- C. To justify each detail line of the total balance for the period.
- D. To explain the difference in balances within the same account over different periods.
Answer: B
NEW QUESTION 65
When can you run auto-matching for a transaction matching reconciliation?
- A. after you load transactions to the reconciliation data sources
- B. after the reconciliation status changes to Open With Preparer
- C. after the period end date is reached
- D. after the reconciliation meets its start date
Answer: A
NEW QUESTION 66
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. Click the Release button in the reconciliations to release it to the other team members.
- B. In User Preferences, change your status to Out of Office.
- 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.
Answer: D
NEW QUESTION 67
Which statement is true regarding the Normal Balance attribute in a profile?
- A. When it is selected, reconciliations display a warning if their balance is zero.
- B. Reconciliations display a warning if the balance type is other than expected.
- C. Preparers cannot save a reconciliation if the balance type is other than expected.
- D. It is assigned automatically based on the account type.
Answer: B
NEW QUESTION 68
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