Oracle
1Z0-1087-23
Oracle Account Reconciliation 2023 Implementation
Professional
QUESTION & ANSWERS
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QUESTION 1
For which scenario could a match type with a single data source be appropriate?
A.
B.
C.
D.
matching credits and debits for a clearing account
intercompany matching
matching bank and point-of-sale transactions
variance analysis for current and prior period balances
Correct Answer: A
QUESTION 2
Which transaction matching method is used to match the transactions between two systems if periodend reconciliation is not the objective?
A.
B.
C.
D.
Transaction Matching Only
Variance Analysis with Transaction Matching
Balance Comparison with Transaction Matching
Account Analysis with Transaction Matching
Correct Answer: B
QUESTION 3
From which two dates defined in the period can you schedule reconciliations? (Choose two.)
A.
B.
C.
D.
end date
prior period end date
close date
start date
Correct Answer: A,C
QUESTION 4
Which statement regarding user-defined attributes is FALSE?
A. You can assign access by user role.
B. They can include calculated values.
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C. They can be assigned default value.
D. You can no longer add/edit attributes after reconciliations are created.
Correct Answer: D
QUESTION 5
Which ability does NOT belong to users with the Power User role?
A.
B.
C.
D.
edit formats to which they are assigned access
prepare reconciliations
review reconciliations
edit profiles to which they are assigned access
Correct Answer: A
QUESTION 6
What happens when you select the Key option for a data source attribute?
A.
B.
C.
D.
Transactions with the same key attributes cannot be loaded.
The attribute is hidden from users.
The attribute is hidden from users.
Values are required for the attribute.
Correct Answer: D
QUESTION 7
The objects within the match type refer to data sources, the data source attributes, the match
processes, the rules, and the rule conditions. Which statement is FALSE about importing a match type
with the same name as an existing match type?
A.
B.
C.
D.
Objects that exist in the system but not in the import file are deleted.
New objects are created in the system from the objects in the import file if they do not exist.
Objects with the same name in the system as in the import file are not updated.
Objects from the import file overwrite objects with the same name in the system.
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Correct Answer: A
QUESTION 8
Which reconciliation method is appropriate for a prepaid insurance reconciliation that explains the
current month balance?
A.
B.
C.
D.
Balance Comparison
Transaction Matching
Variance Analysis
Account Analysis
Correct Answer: A
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