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Oracle 1z0-1087-23 Exam Syllabus Topics:

Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

1. When can you run auto-matching for a transaction matching reconciliation?

A) after the period end date is reached
B) after you load transactions to the reconciliation data sources
C) after the reconciliation status changes to Open With Preparer
D) after the reconciliation meets its start date

2. 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) On the currency tab, enable a currency bucket for that prior period balance.
D) Select a format with the Variance Analysis reconciliation method for the profile.

3. 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) Auto Submit
B) Suggested
C) Confirmed
D) Auto Approve

4. 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 Open with Preparer.
C) The status reverts to Pending.
D) The status is unchanged but a notification is sent to the related users.

5. 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) In the Workflow tab of the reconciliations, select a backup preparer in the Backup Preparer field.
C) In the Actions menu of the reconciliations, select Request Reassignment.
D) Click the Release button in the reconciliations to release it to the other team members.

Solutions: