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[Latest] 1Z0-1087-22 Exam Dumps Free Questions
Question 1:
From which two dates defined in the period can you schedule reconciliations? (Choose two.)
A. end date
B. prior period end date
C. close date
D. start date
Correct Answer: AC
Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/GUID-52A3F1EF-7D35-41F5-A284-861268631470.pdf
Question 2:
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. You cannot load data into reconciliations with a status of Closed.
C. Only users with the administrator role can run data loads.
D. If there is no change in the balance, the reconciliation is not updated.
Correct Answer: A
Question 3:
Which keyword in a Teams import file identifies the section with the team members?
A. #team_children
B. #team
C. #team_items
D. #dependents
Correct Answer: A
#team_children identifies a list of team members Chapter 19-9 https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/adarc/GUID-3B2518AE-A5E5-44CD-A032-5CB119F087FE.pdf
Question 4:
Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data Management? (Choose two.)
A. SWIFT MT940
B. BAI
C. EDI
D. XML
Correct Answer: AB
Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/considerations_for_arcs_102x30053848.html
Question 5:
Which statement about loading pre-mapped balances is FALSE?
A. You can drill back into the ERP from the reconciliation screen.
B. You must select a currency bucket for the import.
C. You must select a period to which to load the balances.
D. You can import from either tab-separated or comma-separated files.
Correct Answer: A
Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/raarc/admin_import_premapped_balances_102xfdf77b0f.html
Question 6:
You want to load balances for both the Entered currency bucket and the Functional currency bucket in a single data load. Which tool should you use?
A. `Import pre-mapped balances\’ option on the Periods page
B. Data Management data load rule
C. Smart View
D. Supplemental Data Management form
Correct Answer: B
Question 7:
Which is required for a valid profile?
A. at least one level of review
B. at least one question
C. at least one rule
D. at least one currency bucket
Correct Answer: D
Question 8:
In a reconciliation profile, the Account Payable Reviewers team is assigned as the reviewer, and you want to require that ALL team members approve the reconciliation. Which action should you perform?
A. In the Instructions tab of the profile, add instructions for all team members to review the reconciliation.
B. On the Workflow tab of the Profile, select All Reviewers in the Require Action By field.
C. Add a rule of the type Require Team Review to the Rules tab.
D. Do not select a Primary User for the Account Payable Reviewers team.
Correct Answer: B
Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/GUID-52A3F1EF-7D35-41F5-A284-861268631470.pdf (105)
Question 9:
When a user requests that responsibility for reconciliation be reassigned to John, who is another regular user, John should be able to approve the request. How can this be configured?
A. In his User Preferences, John should select the Approve Reassignments option.
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. On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.
Correct Answer: C
Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/raarc/admin_reassignment_requests_latest.108xe8804cd8.html
Question 10:
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
Correct Answer: B
Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/raarc/GUID-66348188-2CE7-4B0E-B239-0EBB40EC1C5F.pdf
Question 11:
Where can a service administrator navigate to view, by the user, how many reconciliations were completed on time, how many are late, and how many were rejected?
A. Reconciliations List
B. Overview Dashboard
C. Compliance Dashboard
D. Worklist
Correct Answer: C
Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/raarc/GUID-66348188-2CE7-4B0E-B239-0EBB40EC1C5F.pdf (2-14)
Question 12:
Which statement regarding user-defined attributes is FALSE?
A. You can assign access by user role.
B. They can include calculated values.
C. They can be assigned default values.
D. You can no longer add/edit attributes after reconciliations are created.
Correct Answer: D
Question 13:
Which is NOT an attribute type for reconciliation compliance attributes?
A. Yes/No
B. True/False
C. Number
D. Location
Correct Answer: D
Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/setup_attributes_define_100xd4952d5d.html
Question 14:
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.
Correct Answer: CD
Only the admin or power user can delete the recon
Question 15:
Which ability does NOT belong to users with the Power User role?
A. edit formats to which they are assigned access
B. prepare reconciliations
C. review reconciliations
D. edit profiles to which they are assigned access
Correct Answer: A
https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/cgsad/4_managing_epm_cloud_users_roles_arcs.html
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