Pass Oracle Oracle EPM Account Reconciliation 2020 Implementation Essentials Exam in First Attempt Guaranteed Updated Dump from TestKingsIT!
Pass 1Z0-1087-20 Exam with 62 Questions - Verified By TestKingsIT
NEW QUESTION 15
Where do you navigate to configure power users access to profiles?
- A. under Application, select Configuration, and then System Settings
- B. under Tools, select Access Control, then Power User Security
- C. under Application, select Configuration, and then Profile Segments
- D. under Application, select Profiles
Answer: A
NEW QUESTION 16
Which two rule types are available in profiles? (Choose two.)
- A. Require Reconciliation Attachment
- B. Delete Reconciliation
- C. Copy Transactions from Prior Reconciliation
- D. Auto Approve Reconciliation
- E. Flag As Needs Attention
Answer: C,D
NEW QUESTION 17
Which statement is FALSE about Summary reconciliations?
- A. The Unexplained Difference on the Balance Summary tab shows the total unexplained difference for all the child reconciliations.
- B. You can select Show All on the Balance Summary tab to view balances for the child reconciliations.
- C. The Group Detail tab shows transactions for the sub segments.
- D. Summary reconciliations include other individual reconciliations as children.
Answer: C
NEW QUESTION 18
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 Supported
- C. Matched In Transit
- D. Unmatched
Answer: B
NEW QUESTION 19
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. On the currency tab, enable a currency bucket for that prior period balance.
- B. Select a format with the Variance Analysis reconciliation method for the profile.
- C. Add a rule to the Rules tab.
- D. Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.
Answer: B
NEW QUESTION 20
Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation method?
- A. You must create profiles for them.
- B. They display in both the Reconciliations list and the Matching list.
- C. They do not need to be created for periods.
- D. They do not participate in period-end compliance workflow.
Answer: A
NEW QUESTION 21
Which statement is FALSE of teams?
- A. A team can have another team as a member.
- B. A user can belong to more than one team.
- C. Teams are assigned to profiles on the Workflow tab.
- D. Teams can be assigned a primary user.
Answer: C
NEW QUESTION 22
You want the holidays to be skipped when scheduling due dates for reconciliations for an organizational unit.
What should you do?
- A. Create a calendar and assign it to the organizational unit.
- B. Edit the due date in the reconciliations for the organizational unit.
- C. Add a rule to the Rules tab of the profiles for the reconciliations.
- D. Create a holiday rule and assign it to the organizational unit.
Answer: D
NEW QUESTION 23
Which three statements are true about importing transaction matching transactions from the Jobs page?
(Choose three.)
- A. You can import transactions to a match type only if its status is Pending.
- B. Auto-match can run automatically after the import is finished.
- C. You select a separate load file for each data source.
- D. You must select a match type for the import.
- E. You can select comma or tab for delimiter, or enter a user-defined delimiter.
Answer: A,B,D
NEW QUESTION 24
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?
- A. On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.
- B. Add John to the Reassignment Approvers security group.
- C. On the Reassignment Requests tab in System Settings, in the Allow Reassignment Request Approval By option, select Users.
- D. In his User Preferences, John should select the Approve Reassignments option.
Answer: C
NEW QUESTION 25
Which is required for a valid profile?
- A. at least one level of review
- B. at least one rule
- C. at least one currency bucket
- D. at least one question:
Answer: C
NEW QUESTION 26
Which two are properties of the organizational unit? (Choose two.)
- A. language
- B. work days
- C. tax jurisdiction
- D. calendar
Answer: B,D
NEW QUESTION 27
Which statement is true for profiles that have a Quarterly frequency selected?
- A. They must be assigned a quarterly calendar.
- B. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.
- C. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.
- D. You cannot create reconciliations for profiles with transaction matching reconciliation methods for quarterly periods.
Answer: C
Explanation:
Explanation
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.
NEW QUESTION 28
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 the Actions menu of the reconciliations, select Request Reassignment.
- B. In User Preferences, change your status to Out of Office.
- C. In the Workflow tab of the reconciliations, select a backup preparer in the Backup Preparer field.
- D. Click the Release button in the reconciliations to release it to the other team members.
Answer: C
NEW QUESTION 29
Which two are tasks that can be performed using EPM Automate? (Choose two.)
- A. set period status
- B. export journals
- C. import premapped data
- D. export balances
Answer: C,D
NEW QUESTION 30
Which is NOT a step in configuring journals in Transaction Matching?
- A. create journal columns
- B. create journal templates
- C. map journal columns to data source attribute columns
- D. define data source filters
Answer: B
NEW QUESTION 31
To which do you assign default currencies?
- A. formats
- B. currency buckets
- C. account ids
- D. organizational units
Answer: B
NEW QUESTION 32
To which do you assign Holiday Rules?
- A. periods
- B. profiles
- C. calendars
- D. organizational units
Answer: C
NEW QUESTION 33
Which statement regarding user-defined attributes is FALSE?
- A. You can assign access by user role.
- B. They can be assigned default value.
- C. They can include calculated values.
- D. You can no longer add/edit attributes after reconciliations are created.
Answer: D
NEW QUESTION 34
What results if you load balances using Data Management to a period to which you previously imported pre- mapped balances?
- A. You are prompted whether to overwrite the pre-mapped balances.
- B. The Data Management data load fails.
- C. The reconciliation takes the balances loaded through Data Management and the pre-mapped balance load, and totals them.
- D. The balances loaded through Data Management overwrite the pre-mapped balances.
Answer: D
NEW QUESTION 35
Which ability does NOT belong to users with the Power User role?
- A. review reconciliations
- B. prepare reconciliations
- C. edit formats to which they are assigned access
- D. edit profiles to which they are assigned access
Answer: C
NEW QUESTION 36
Which two attribute types are required for each data source? (Choose two.)
- A. Balancing Attribute
- B. Key Field
- C. Calculation
- D. Accounting Date
Answer: A,D
NEW QUESTION 37
Which statement is always true of data loads from Data Management?
- A. You must select either Actual or Budget as the scenario for the data.
- B. If there is no change in the balance, the reconciliation is not updated.
- C. You cannot load data into reconciliations with a status of Closed.
- D. Only users with the administrator role can run data loads.
Answer: A
NEW QUESTION 38
What happens when you select the Key option for a data source attribute?
- A. Values are required for the attribute.
- B. Transactions are sorted by the attribute.
- C. Transactions with the same key attributes cannot be loaded.
- D. The attribute is hidden from users.
Answer: A
NEW QUESTION 39
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