1Z0-1087-20: Oracle Account Reconciliation 2020 Implementation Essentials

From which two dates defined in the period can you schedule reconciliations? (Choose two.)

end date
prior period end date
close date
start date

Correct answer: AC

Explanation:

Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/GUID-52A3F1EF-7D35-41F5-A284-861268631470.pdf

Which statement is always true of data loads from Data Management?

You must select either Actual or Budget as the scenario for the data.
You cannot load data into reconciliations with a status of Closed.
Only users with the administrator role can run data loads.
If there is no change in the balance, the reconciliation is not updated.

Correct answer: A

Which keyword in a Teams import file identifies the section with the team members?

#team_children
#team
#team_items
#dependents

Correct answer: B

Explanation:

Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/adarc/GUID-3B2518AE-A5E5-44CD-A032-5CB119F087FE.pdf (5-23)

Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data Management? (Choose two.)

SWIFT MT940
BAI
EDI
XML

Correct answer: AB

Explanation:

Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/considerations_for_arcs_102x30053848.html

Which expression do you include in the Expression field of the Amount column in an import format to ensure that zero balances are loaded?

Source system
NZP
0
Include Null

Correct answer: B

Explanation:

Reference: https://docs.oracle.com/cd/E57185_01/FDMAG/ch01s14s08s05.html

Which statement about loading pre-mapped balances is FALSE?

You can drill back to the ERP from the reconciliation screen.
You must select a currency bucket for the import.
You must select a period to which to load the balances.
You can import from either tab separated or comma separated files.

Correct answer: A

Explanation:

Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/raarc/admin_import_premapped_balances_102xfdf77b0f.html

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?

‘Import pre-mapped balances’ option in the Periods page
Data Management data load rule
Smart View
Supplemental Data Management form

Correct answer: B

Which is required for a valid profile?

at least one level of review
at least one question
at least one rule
at least one currency bucket

Correct answer: D

Which statement is FALSE about Summary reconciliations?

The Group Detail tab shows transactions for the sub segments.
You can select Show All on the Balance Summary tab to view balances for the child reconciliations.
Summary reconciliations include other individual reconciliations as children.
The Unexplained Difference on the Balance Summary tab shows the total unexplained difference for all the child reconciliations.

Correct answer: A

Explanation:

Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/adarc/GUID-3B2518AE-A5E5-44CD-A032-5CB119F087FE.pdf

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?

In the Instructions tab of the profile, add instructions for all team members to review the reconciliation.
On the Workflow tab of the Profile, select All Reviewers in the Require Action By field.
Add a rule of the type Require Team Review to the Rules tab.
Do not select a Primary User for the Account Payable Reviewers team.

Correct answer: B

Explanation:

Reference: https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/suarc/GUID-52A3F1EF-7D35-41F5-A284-861268631470.pdf (105)

Vendor:	Oracle
Exam Code:	1Z0-1087-20
Exam Name:	Oracle Account Reconciliation 2020 Implementation Essentials
Date:	Apr 12, 2021
File Size:	36 KB

Download Oracle Account Reconciliation 2020 Implementation Essentials.1Z0-1087-20.VCEplus.2021-04-12.59q.vcex

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