Get The Most Updated 1Z0-1087-22 Dumps To Account Reconciliation Certification [Q21-Q35]

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Get The Most Updated 1Z0-1087-22 Dumps To Account Reconciliation Certification

Oracle Certified 1Z0-1087-22 Dumps Questions Valid 1Z0-1087-22 Materials

The Oracle 1z0-1087-22 certification exam is designed for professionals who want to demonstrate their expertise in implementing and managing the Oracle Account Reconciliation Cloud Service (ARCS) 2022. This certification exam focuses on testing the candidate’s knowledge of the latest features and functionality of the Oracle ARCS 2022, including configuration, administration, and troubleshooting.

QUESTION 21
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 22
Which two are auto-reconciliation methods? (Choose two.)

Balance Match (%tolerance)

No Data

Balance has not changed

Balance is zero and no activity

QUESTION 23
Which statement is FALSE about Summary reconciliations?

The Group Detail tab shows transactions for the sub segments.

You can select Show All on the Balance Summary tab to view balances for the child reconciliations.

Summary reconciliations include other individual reconciliations as children.

The Unexplained Difference on the Balance Summary tab shows the total unexplained difference for all the child reconciliations.

QUESTION 24
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 25
Which two are properties of the organizational unit? (Choose two.)

work days

calendar

language

tax jurisdiction

QUESTION 26
Which statement is always true of data loads from Data Management?

You must select either Actual or Budget as the scenario for the data.

You cannot load data into reconciliations with a status of Closed.

Only users with the administrator role can run data loads.

If there is no change in the balance, the reconciliation is not updated.

QUESTION 27
Which two tasks can be performed using EPM Automate?

Set period status.

Export journals.

Import match types.

Load pre-mapped balances.

QUESTION 28
The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which two are possible explanations? (Choose two.)

Currency exchanges rates are out of date.

Journal adjustments created were not posted.

You do not have security access to all the transactions.

The data load for transactions was incomplete.

QUESTION 29
Which two are matching rule types?

Matches Exactly

Matches with Tolerance

Suggested Match

Adjustment

One to One

QUESTION 30
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 31
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

QUESTION 32
Which statement is true regarding the Normal Balance attribute in a profile?

It is assigned automatically based on the account type.

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

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

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

QUESTION 33
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?

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

Add John to the Reassignment Approvers security group.

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

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

QUESTION 34
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 35
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?

The status reverts to Pending.

The import fails.

The status reverts to Open with Preparer.

The status is unchanged but a notification is sent to the related users.

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