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Sample Questions | Oracle 1Z0-1087-21 | Preparation Tips | Exam Detail

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Sample Questions | Oracle 1Z0-1087-21 |

Preparation Tips | Exam Detail

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1Z0-1087-21 Exam Detail Exam Code

1Z0-1087-21

Full Exam Name Oracle Account Reconciliation 2021 Implementation Essentials Number of Questions

60

Practice Exams

1Z0-1087-21 Online Practice Exam

Passing Score

68%

Time Limit

90 minutes

Recommended Training

Oracle Account Reconciliation 2021 Certified Implementation Specialist Oracle EPM Cloud Learning Subscription

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How to Prepare for 1Z0-1087-21 Exam? •

Perform enough practice with Oracle system with related Oracle 1Z0-1087-21 certification subjects

•

Identify the key configuration, workflow and data flow

•

Understand the all Syllabus Topics of Exam which are Given in Description.

•

Identify your weak areas from practice test and do more practice with system

•

Repeat practice exams and try to score 100% on www.DBexam.com

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Oracle 1Z0-1087-21 Exam Questions

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Q 1) For which scenario could a match type with a single data source be appropriate?

Option a) matching credits and debits for a clearing account

b) intercompany matching c) matching bank and point-of-sale transactions d) variance analysis for current and prior period balances

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ANSWER a) matching credits and debits for a clearing account

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Q 2) The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which two are possible explanations? (Choose two.) Option a) Currency exchanges rates are out of date. b) Journal adjustments created were not posted. c) You do not have security access to all the transactions.

d) The data load for transactions was incomplete.

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ANSWER b) Journal adjustments created were not posted. c) You do not have security access to all the transactions.

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Q 3) 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? Option a) On the currency tab, enable a currency bucket for that prior period balance. b) Add a rule to the Rules tab. c) Select a format with the Variance Analysis reconciliation method for the profile. d) Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.

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ANSWER

c) Select a format with the Variance Analysis reconciliation method for the profile.

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Q 4) You are a preparer with the User role and you are going on vacation. How can you assign responsibility for reconciliations currently open with you to the backup preparer? Option a) In the Workflow tab of the reconciliations, select a backup preparer in the Backup Preparer field. b) In the Actions menu of the reconciliations, select Request Reassignment. c) In User Preferences, change your status to Out of Office. d) Click the Release button in the reconciliations to release it to the other team members.

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ANSWER

a) In the Workflow tab of the reconciliations, select a backup preparer in the Backup Preparer field.

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Q 5) 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? Option 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.

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ANSWER b) On the Workflow tab of the Profile, select All Reviewers in the Require Action By field.

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