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Oracle 1Z0-1087-20 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle EPM Account Reconciliation 2020 Implementation Essentials
Exam Number:1Z0-1087-20
Related Certifications:Oracle Account Reconciliation 2020 Certified Implementation Specialist
Available Languages:English
Exam Price:USD $245
Exam Duration:105 minutes
Real Exam Qty:60
Passing Score:70%
Exam Format:Multiple Choice
Sample Questions: DOWNLOAD DEMO
Exam Way:Pearson VUE testing center or Oracle online proctored exam (availability may vary by region).
Pre Condition:No mandatory prerequisite exam. Oracle recommends at least 6 months of hands-on experience with Oracle EPM Account Reconciliation Cloud Service and familiarity with financial reconciliation processes.
Official Syllabus URL:https://education.oracle.com/oracle-epm-account-reconciliation-2020-implementation-essentials/pexam_1Z0-1087-20

Oracle 1Z0-1087-20 Exam Syllabus Topics:

SectionObjectives
Topic 1: Review and Manage Reconciliations- Review, Approve, Reject, and Reopen Reconciliations
- Review Transaction Matching Balancing Reports
Topic 2: Reconciliation Compliance Configuration- Modify Profiles
- Modify Formats
- Reconciliation Compliance Process
Topic 3: Transaction Matching Data Management- Export and Import Match Types
- Load Manual Pre-Mapped Data
- Import Transactions to Data Sources
Topic 4: Data Integration and Reconciliation Operations- Delete Reconciliations
- Import Data Using Data Management
- Create Reconciliations
Topic 5: Currency Configuration and Automation- Set Up EPM Automate for Data Loads
- Define Currency Rates
- Configure Currency Buckets
Topic 6: Reconciliation Use Cases- Reconciling Debits and Credits
- Clearing Account Reconciliations
- Accrual Reconciliations
Topic 7: Reconciliation Fundamentals- Group Reconciliations
- Methods of Loading Data
- Individual Reconciliations
- Summary Reconciliations

Oracle EPM Account Reconciliation 2020 Implementation Essentials Essentials: What Candidates Ask

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The official Oracle EPM Account Reconciliation 2020 Implementation Essentials outline distributes its emphasis like this:
  • Data Integration and Reconciliation Operations ()
  • Reconciliation Use Cases ()
  • Reconciliation Fundamentals ()
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No mandatory prerequisite exam. Oracle recommends at least 6 months of hands-on experience with Oracle EPM Account Reconciliation Cloud Service and familiarity with financial reconciliation processes.

Oracle EPM Account Reconciliation 2020 Implementation Essentials Sample Questions:

Question #1

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

  • A. It is excluded from the report
  • B. Unmatched
  • C. Matched In Transit
  • D. Unmatched Supported
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #2

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

  • A. Copy Transactions from Prior Reconciliation
  • B. Auto Approve Reconciliation
  • C. Delete Reconciliation
  • D. Flag As Needs Attention
  • E. Require Reconciliation Attachment
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

Question #3

What results if you load balances using Data Management to a period to which you previously imported pre- mapped balances?

  • A. The balances loaded through Data Management overwrite the pre-mapped balances.
  • B. You are prompted whether to overwrite the pre-mapped balances.
  • C. The reconciliation takes the balances loaded through Data Management and the pre-mapped balance load, and totals them.
  • D. The Data Management data load fails.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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 keyword in a Teams import file identifies the section with the team members?

  • A. #team_items
  • B. #team
  • C. #team_children
  • D. #dependents
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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