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Oracle 1z0-1087-23 Exam Syllabus Topics:

SectionObjectives
Administration and Security- Describe system settings and configurations
- Explain security roles and access control
- Manage integration with EPM Cloud
Configuring Reconciliation Compliance- Explain rules and conditions
- Set up formats and profiles
- Manage periods and organizational units
Transaction Matching- Manage Data Sources and Attributes
- Configure matching rules and formats
- Explain the matching process and exception handling
- Explain Transaction Matching concepts
Reconciling Accounts- Describe transactions and matching
- Create and manage Reconciliations
- Explain data loads for Reconciliations
- Describe Auto Reconciliation
Account Reconciliation Overview- Describe key concepts like Reconciliation Types, Compliance, and Balances
- Explain the features of Account Reconciliation
- Describe the reconciliation process

Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

Question #1

Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested
Matches list? (Choose two.)

  • A. Select the data source to adjust.
  • B. Enter a date for the adjustment.
  • C. Select an Adjustment Type.
  • D. Enter an adjustment amount.
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

Question #2

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

  • A. Reconciliations display a warning if the balance type is other than expected.
  • B. Preparers cannot save a reconciliation if the balance type is other than expected.
  • C. When it is selected, reconciliations display a warning if their balance is zero.
  • D. It is assigned automatically based on the account type.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #3

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

  • A. Only users with the administrator role can run data loads.
  • B. If there is no change in the balance, the reconciliation is not updated.
  • C. You must select either Actual or Budget as the scenario for the data.
  • D. You cannot load data into reconciliations with a status of Closed.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #4

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

  • A. The reconciliation status must be Pending.
  • B. Only the preparer of the reconciliation can delete the reconciliation.
  • C. The balances loaded for a period are not deleted when the reconciliation is deleted.
  • D. Only a Service Administrator or a Power User can delete a reconciliation.
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

Question #5

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

  • A. Balance Match (%tolerance)
  • B. Balance has not changed
  • C. No Data
  • D. Balance is zero and no activity
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

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