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Oracle
1Z0-1087-22: Oracle Account Reconciliation 2022 Implementation Professional

Oracle 1Z0-1087-22 Exam

Certification Provider: Oracle

Exam Name: Oracle Account Reconciliation 2022 Implementation Professional

Duration: 90 Minutes

Number of questions in our database: 79

Exam Version: Jan. 28, 2023

1Z0-1087-22 Exam Official Topics:

Topic 1: Create Formats and Profiles for Transaction Matching reconciliations/ Describe Reconciliation Compliance and Transaction Matching
Topic 2: Describe Individual, Group, and Summary Reconciliations/ Review, Approve, Reject, and Reopen reconciliations
Topic 3: Describe methods of loading data (including EPM Automate and REST APIs)/ Describe user roles (Administrator, Power User, User, Viewer)
Topic 4: Create Match Types (Data Sources, Attributes, Transaction Types)/ Explain Processes for Reconciliation Compliance (5 step process)
Topic 5: Configure Match Processes (including matching rules)/ Export adjustments or transactions as journal entries
Topic 6: Identify Use Cases ? Clearing or Accrual Reconciliations, Reconciling Debits and Credits/ Add calculated attributes and filters
Topic 7: Describe Reconciliation Methods/ Transfer reconciliations between users/ Configuring Reconciliation Compliance
Topic 8: Import Data Using Data Management/ Create and delete Reconciliations/ Review Transaction Matching Period-End Balancing
Topic 9: Describe 5 balancing scenarios (Golden Rules)/ Import Transactions to Data Sources/ Define Currency Rates and Currency Buckets
Topic 10: Set Up Organization Units and Calendars/ Load Data Using Data Integration/ Perform Transaction Matching

Free Oracle 1Z0-1087-22 Exam Actual Questions

The questions for 1Z0-1087-22 were last updated On Jan. 28, 2023

Question #1

What happens to a reconciliation if a team member who prepared the reconciliation is deleted from the team at a later point of time?

AChanges made by the deleted member are reassigned to the primary member of the team for review and approval,

BThe reconciliation is flagged as invalid and needs to be re-created by the administrator.

CChanges made by the deleted member are reverted and the deleted member is removed from the reconciliation as preparer.

DChanges made by the deleted member are kept intact and the deleted member still appears as the original preparer.

Reveal Solution Hide Solution

Correct Answer: D

Question #2

Which two auto-reconciliation methods for reconciliations use the Account Analysis format?

AUnexplained difference is zero

BBalance is zero

CZero activity

DBalance is normal

ENo transactions

Reveal Solution Hide Solution

Correct Answer: A, B

Question #3

When can you run auto-matching for a transaction matching reconciliation?

Aafter you load transactions to the reconciliation data sources

Bafter the period end date is reached

Cafter the reconciliation meets its start date

Dafter the reconciliation status changes to Open With Preparer

Reveal Solution Hide Solution

Correct Answer: A

Question #4

Which three types of reconciliations are suitable for the Transaction Matching feature? (Choose three.)

Areconciliations with a single data source, like a clearing account

Breconciliations that are typically zero balance accounts with low activity

Creconciliations that have amortizing transactions

Dreconciliations with 2 or more data sources, like a cash or accounts receivable account

Eaccounts with high volumes of data

Reveal Solution Hide Solution

Correct Answer: A, B, D

Question #5

Which statement is FALSE of teams?

ATeams are assigned to profiles on the Workflow tab.

BA team can have another team as a member.

CTeams can be assigned a primary user.

DA user can belong to more than one team.

Reveal Solution Hide Solution

Correct Answer: A

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