Oracle 1Z0-1087-21 | Exam Details | Syllabus | Questions & Answers Oracle 1Z0-1087-21 Exam
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How to Prepare for the 1Z0-1087-21 Exam on Oracle Account Reconciliation 2021 Implementation Essentials Certification? Oracle Account Reconciliation 2021 Implementation Essentials (1Z0-1087-21) preparation guide helps you to get focused on the exam. This guide also helps you to be on the 1Z0-1087-21 exam track to get certified with a good score in the final exam.
1Z0-1087-21 Oracle Account Reconciliation 2021 Implementation Essentials Exam Summary Exam Name
Oracle Account Reconciliation 2021 Implementation Essentials
Exam Code
1Z0-1087-21
1Z0-1087-21: Oracle Account Reconciliation 2021 Implementation Essentials
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Exam Product Version
Oracle Account Reconciliation 21.04
Exam Price
USD $245 (Pricing may vary by country or by localized currency)
Duration
90 minutes
Number of Questions
60
Passing Score
68%
Format
Multiple Choice Questions (MCQ)
Oracle Account Reconciliation 2021 Certified Implementation Specialist Recommended Training Oracle EPM Cloud Learning Subscription Schedule Exam
Pearson VUE
Sample Questions
Oracle Account Reconciliation 2021 Certified Implementation Specialist (OCS)
Recommended Practice 1Z0-1087-21 Online Practice Exam
Exam Syllabus: 1Z0-1087-21 Oracle Account Reconciliation 2021 Implementation Essentials Subjects Solution Overview
Sub Topics - Describe Reconciliation Compliance and Transaction Matching - Explain Processes for Reconciliation Compliance (5 step process)
1Z0-1087-21: Oracle Account Reconciliation 2021 Implementation Essentials
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- Describe Reconciliation Methods (Balance Comparison, Account Analysis, Variance Analysis, Balance Comparison with Transaction Matching, Account Analysis with Transaction Matching, and Transaction Matching Only) - Describe user roles (Administrator, Power User, User, Viewer) - Create and manage Formats Configuring Reconciliation - Create and manage Profiles (Manual entry, copy & paste, Compliance delete, export and import; change theshold) - Import and Export Teams - Describe Individual, Group, and Summary Reconciliations - Create and delete Reconciliations Managing Reconciliations - Manage Period Status - Transfer reconciliations between users - Review, Approve, Reject, and Reopen reconciliations - Describe methods of loading data (including EPM Automate and REST APIs) Loading Data - Load manual Pre-mapped data - Import Data Using Data Management - Add calculated attributes and filters Creating and Managing - Describe the Types of Rules Rules - Add Rules to Formats and Profiles - Publish Filters - Create Match Types (Data Sources, Attributes, Transaction Types) - Configure Match Processes (including matching rules) Configuring Transaction - Create Formats and Profiles for Transaction Matching Matching reconciliations - Export and Import Match Types - Import Transactions to Data Sources - Explain Transaction Matching Processes – Load data, run Auto Match, Confirm Suggested Matches, Create Manual Perform Transaction Matches Matching - Identify Use Cases – Clearing or Accrual Reconciliations, Reconciling Debits and Credits - Export adjustments or transactions as journal entries Analyzing Transaction - Describe 5 balancing scenarios (Golden Rules) Matches - Review Transaction Matching Period-End Balancing - Discuss Profile Segments - Define Currency Rates and Currency Buckets - Set Up Organization Units Setting Up the System - Set Up Calendars - Configure Periods - Set Up Teams
1Z0-1087-21: Oracle Account Reconciliation 2021 Implementation Essentials
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Oracle 1Z0-1087-21 Certification Sample Questions and Answers To make you familiar with Oracle Account Reconciliation 2021 Implementation Essentials (1Z01087-21) certification exam structure, we have prepared this sample question set. We suggest you to try our Sample Questions for Oracle OCS 1Z0-1087-21 Certification to test your understanding of the Oracle 1Z0-1087-21 process with the real Oracle certification exam environment.
1Z0-1087-21 Oracle Account Reconciliation 2021 Implementation Essentials Sample Questions 01. 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 02. 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) 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. 03. 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? 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. 04. A profile’s properties have been modified and the changes saved. Which statement is correct? a) Existing reconciliations that use the profile are not updated. b) Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with the changes. c) Existing reconciliations that use the profile are updated after approval by a system administrator.
1Z0-1087-21: Oracle Account Reconciliation 2021 Implementation Essentials
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d) Existing reconciliations with Pending status that use the profile are updated with the changes. 05. The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which two are possible explanations? (Choose two.) 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. 06. To which do you assign Holiday Rules? a) profiles b) periods c) organizational units d) calendars 07. What happens when you select the Key option for a data source attribute? a) Transactions with the same key attributes cannot be loaded. b) The attribute is hidden from users. c) Transactions are sorted by the attribute. d) Values are required for the attribute. 08. For which scenario could a match type with a single data source be appropriate? 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 09. 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. 10. When a user requests that responsibility for a 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.
1Z0-1087-21: Oracle Account Reconciliation 2021 Implementation Essentials
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d) On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role. Solution: QUESTION: 01
QUESTION: 02
QUESTION: 03
QUESTION: 04
QUESTION: 05
Answer: a, c
Answer: c
Answer: a
Answer: b
Answer: b, c
QUESTION: 06
QUESTION: 07
QUESTION: 08
QUESTION: 09
QUESTION: 10
Answer: d
Answer: d
Answer: a
Answer: b
Answer: c
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1Z0-1087-21: Oracle Account Reconciliation 2021 Implementation Essentials
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