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Oracle 1z0-1087-23 Exam Syllabus Topics:

Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

1. Which statement is FALSE about calendars?

A) An organizational unit can be assigned many calendars to enable reconciliations for different financial
dates.
B) One period may have many calendars to reflect different date configurations for the period.
C) Calendars set the dates and frequencies for each period.
D) Calendars are associated with periods and organizational units.

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

A) Changes made by the deleted member are reverted and the deleted member is removed from the
reconciliation as preparer.
B) Changes made by the deleted member are reassigned to the primary member of the team for review and
approval,
C) Changes made by the deleted member are kept intact and the deleted member still appears as the original preparer.
D) The reconciliation is flagged as invalid and needs to be re-created by the administrator.

3. Which two are tasks that can be performed using EPM Automate? (Choose two.)

A) import premapped data
B) set period status
C) export balances
D) export journals

4. When would you use the Variance Analysis reconciliation method?

A) To reconcile the same balance across general ledgers that follow different governing rules.
B) To explain the difference in balances from the standards set by an organization in its budget.
C) To explain the difference in balances within the same account over different periods.
D) To justify each detail line of the total balance for the period.

5. Which two tasks can be performed using EPM Automate?

A) Set period status.
B) Load pre-mapped balances.
C) Import match types.
D) Export journals.

Solutions: