Oracle : 1z0-1087-23 Questions & Answers
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Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:
1. Which is NOT an attribute type for reconciliation compliance attributes?
A) Yes/No
B) Number
C) Location
D) True/False
2. Which statement is true regarding the Normal Balance attribute in a profile?
A) Reconciliations display a warning if the balance type is other than expected.
B) Preparers cannot save a reconciliation if the balance type is other than expected.
C) When it is selected, reconciliations display a warning if their balance is zero.
D) It is assigned automatically based on the account type.
3. Which statement is FALSE about Summary reconciliations?
A) You can select Show All on the Balance Summary tab to view balances for the child reconciliations.
B) The Unexplained Difference on the Balance Summary tab shows the total unexplained difference for all the child reconciliations.
C) The Group Detail tab shows transactions for the sub segments.
D) Summary reconciliations include other individual reconciliations as children.
4. Which statement is FALSE about calendars?
A) Calendars are associated with periods and organizational units.
B) Calendars set the dates and frequencies for each period.
C) An organizational unit can be assigned many calendars to enable reconciliations for different financial
dates.
D) One period may have many calendars to reflect different date configurations for the period.
5. 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) On the currency tab, enable a currency bucket for that prior period balance.
B) Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.
C) Add a rule to the Rules tab.
D) Select a format with the Variance Analysis reconciliation method for the profile.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: D |
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