Get Ready to Pass the 1Z0-1087-21 exam with Oracle Latest Practice Exam [Q27-Q43]

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Get Ready to Pass the 1Z0-1087-21 exam with Oracle Latest Practice Exam

Get Prepared for Your 1Z0-1087-21 Exam With Actual Oracle Study Guide!

NEW QUESTION 27
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.

NEW QUESTION 28
Which two statements are true about Group reconciliations? (Choose two.)

Group reconciliations include other individual reconciliations as children.

You cannot use Data Management to import balances for group reconciliations.

The format for the reconciliation must be enabled for Group Reconciliation.

The Group Detail tab shows data for the group reconciliation sub segments.

You can import balances into periods as pre-mapped data.

NEW QUESTION 29
Which statement is FALSE about calendars?

Calendars are associated with periods and organizational units.

One period may have many calendars to reflect different date configurations for the period.

An organizational unit can be assigned many calendars to enable reconciliations for different financial dates.

Calendars set the dates and frequencies for each period.

NEW QUESTION 30
A profile’s properties have been modified and the changes saved. Which statement is correct?

Existing reconciliations that use the profile are not updated.

Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with the changes.

Existing reconciliations that use the profile are updated after approval by a system administrator.

Existing reconciliations with Pending status that use the profile are updated with the changes.

NEW QUESTION 31
Which is NOT an attribute type for reconciliation compliance attributes?

Yes/No

True/False

Number

Location

NEW QUESTION 32
In which row does an unmatched transaction with an accounting date of April 30th display in the period-end reconciliation for May 31?

It is excluded from the report

Unmatched Supported

Matched In Transit

Unmatched

NEW QUESTION 33
Which two statements are true about reconciliation compliance filters?

They can control the records that you see in the list views.

They can be used by the rules engine.

They allow you to save columns to view records on the screen.

You can apply them against unmatched transactions.

NEW QUESTION 34
Which two statements are correct about deleting reconciliations? (Choose two.)

The reconciliation status must be Pending.

Only the preparer of the reconciliation can delete the reconciliation.

The balances loaded for a period are not deleted when the reconciliation is deleted.

Only a Service Administrator or a Power User can delete a reconciliation.

NEW QUESTION 35
To which do you assign Holiday Rules?

profiles

calendars

organizational units

periods

NEW QUESTION 36
To which do you assign default currencies?

currency buckets

account ids

organizational units

formats

NEW 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

NEW QUESTION 38
Which statement about journals in transaction matching is FALSE?

You create separate journal column mappings for adjustments and transactions.

For transactions, you can apply a data source filter to the export.

You create separate journal columns for each match type.

For adjustments, the variance amount is exported to the Amount column.

NEW QUESTION 39
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.

They do not need to be created for periods.

You must create profiles for them.

NEW QUESTION 40
Which statement is FALSE about the profile segments?

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

The profile segments control the mapping of balances to reconciliations.

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

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

NEW QUESTION 41
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?

In the Balance Explanations tab of the current period reconciliation, select ‘Copy Transactions from Prior Reconciliation’.

In the profile for Prepaid Expenses reconciliations, select ‘Include Prior Period Transactions’.

In the Reconciliations list, copy the reconciliation from the prior period and paste it into the current period.

Export the transactions from the prior period reconciliation and then import them to the current period reconciliation.

NEW QUESTION 42
Which two statements are true about importing and exporting match types? (Choose two.)

Match types are exported to a .zip folder.

Import can update match types with Pending status only.

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

Import can update match types with Approved status only.

NEW QUESTION 43
Which two rule types are available in profiles? (Choose two.)

Flag As Needs Attention

Auto Approve Reconciliation

Require Reconciliation Attachment

Delete Reconciliation

Copy Transactions from Prior Reconciliation

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Oracle 1Z0-1087-21 Exam Syllabus Topics:

Topic	Details
Topic 1	Create and manage Profiles (Manual entry, copy & paste, delete, export and import; change theshold) Explain Processes for Reconciliation Compliance (5 step process)
Topic 2	Describe Reconciliation Compliance and Transaction Matching Describe user roles (Administrator, Power User, User, Viewer)
Topic 3	Explain Transaction Matching Processes Analyzing Transaction Matches Describe Reconciliation Methods
Topic 4	Create Formats and Profiles for Transaction Matching reconciliations Create Match Types (Data Sources, Attributes, Transaction Types)
Topic 5	Describe Individual, Group, and Summary Reconciliations Describe methods of loading data (including EPM Automate and REST APIs)

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Oracle 1Z0-1087-21 Exam Syllabus Topics:

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