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"Oracle Account Reconciliation 2023 Implementation Professional", also known as 1z0-1087-23 exam, is a Oracle Certification. With the complete collection of questions and answers, PrepAwayTest has assembled to take you through 81 Q&As to your 1z0-1087-23 Exam preparation. In the 1z0-1087-23 exam resources, you will cover every field and category in Oracle Cloud Certification helping to ready you for your successful Oracle Certification.
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Overview and Navigation | 10% | - Navigate the application interface - Describe reconciliation methods - Explain user roles and access control |
| Topic 2: Managing Reconciliations | 20% | - Use summary and group reconciliations - Review, approve, reject and reopen reconciliations - Manage period status and reconciliation lifecycle - Create different reconciliation types |
| Topic 3: Configuring Reconciliation Compliance | 25% | - Set up calendars and periods - Define teams and workflow assignments - Create and manage profiles - Create and manage formats |
| Topic 4: Loading and Managing Data | 15% | - Use EPM Automate and REST APIs - Load balances and transactions - Import via Data Management and Data Integration |
| Topic 5: Configuring Transaction Matching | 15% | - Export adjustments and journals - Create match types and data sources - Run auto-match and confirm results - Define matching rules and processes |
| Topic 6: Creating and Managing Rules | 15% | - Apply rules to formats and profiles - Add calculated attributes and filters - Configure validation and alert rules |
1. Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested
Matches list? (Choose two.)
A) Select an Adjustment Type.
B) Enter a date for the adjustment.
C) Enter an adjustment amount.
D) Select the data source to adjust.
2. Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data
Management? (Choose two.)
A) XML
B) SWIFT MT940
C) BAI
D) EDI
3. 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) Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.
B) Add a rule to the Rules tab.
C) Select a format with the Variance Analysis reconciliation method for the profile.
D) On the currency tab, enable a currency bucket for that prior period balance.
4. Which two rule types are available in profiles? (Choose two.)
A) Flag As Needs Attention
B) Require Reconciliation Attachment
C) Delete Reconciliation
D) Auto Approve Reconciliation
E) Copy Transactions from Prior Reconciliation
5. Which transaction matching method is used to match the transactions between two systems if period-end
reconciliation is not the objective?
A) Transaction Matching Only
B) Account Analysis with Transaction Matching
C) Balance Comparison with Transaction Matching
D) Variance Analysis with Transaction Matching
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: B,C | Question # 3 Answer: C | Question # 4 Answer: D,E | Question # 5 Answer: D |
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