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  • Exam Name: Oracle Account Reconciliation 2023 Implementation Essentials
  • Last Update: 06-Dec-2024
  • Questions and Answers: 79
  • Single Choice: 57 Q&A's
  • Multiple Choice: 22 Q&A's

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What is Oracle Account Reconciliation 1z0-1087-23 Exam

The Oracle Account Reconciliation 1z0-1087-23 exam validates your proficiency in utilizing Oracle's account reconciliation software to streamline financial processes. Earning this certification demonstrates your ability to:

  • Configure and manage reconciliation processes: This includes setting up accounts, defining matching rules, and automating reconciliation tasks.
  • Perform account matching: You'll learn to analyze and reconcile discrepancies between internal accounts and external sources like bank statements.
  • Generate and analyze reconciliation reports: This involves interpreting reports to identify and resolve any outstanding reconciliation items.

Why is it Important for IT Professionals?

In today's data-driven world, maintaining accurate financial records is crucial. Account reconciliation ensures the integrity of financial data used for decision-making. IT professionals with expertise in Oracle Account Reconciliation are highly sought-after by organizations seeking to optimize their financial reporting processes.

Crack4Sure's Curated by Certified Professionals, for Aspiring Professionals.

Crack4Sure's study materials for the 1z0-1087-23 exam are meticulously crafted by a team of certified Oracle Account Reconciliation specialists. Our team leverages their real-world experience to create comprehensive learning resources that equip you with the knowledge and practical skills required for exam success.

We understand the complexities of Oracle Account Reconciliation and the challenges you might face in preparing for the exam. Our practice test in PDF format, downloadable for offline studying, and the mobile-friendly testing engine provide a flexible and convenient learning experience. Most importantly, our practice exam questions (including explanations) go beyond rote memorization, fostering a deep understanding of core concepts that will serve you well beyond the exam.

Course Details of Oracle Account Reconciliation 1z0-1087-23 Exam

Target Audience:

  • Finance professionals seeking to gain expertise in Oracle Account Reconciliation software.
  • IT professionals transitioning into roles focused on financial data management and reconciliation.
  • Individuals seeking to validate their skills and knowledge for career advancement opportunities.

Key Topics:

  • Introduction to Oracle Account Reconciliation
  • Reconciliation Process Configuration
  • Matching Rules and Exception Management
  • Balance Sheet Reconciliation
  • Transaction Matching Techniques
  • Generating and Analyzing Reconciliation Reports
  • Security and User Management

Exam Cost:

The exact cost of the 1z0-1087-23 exam can vary depending on your region. It's recommended to visit the Crack4sure Oracle Certification crack4sure for the latest pricing information.

Master 1z0-1087-23 with Crack4Sure's Ultimate Study Toolkit.

Crack4Sure's comprehensive study toolkit equips you with everything you need to excel in the 1z0-1087-23 exam and launch a successful career in Oracle Account Reconciliation:

  • In-depth Study Guide: Gain a thorough understanding of key exam objectives through our meticulously crafted study guide.
  • Realistic Practice Tests: Sharpen your skills and test your knowledge with our extensive database of practice exam questions (including explanations) that mirror the format and difficulty level of the actual exam.
  • Advanced Testing Engine: Simulate the real exam environment with our interactive testing engine. This valuable tool allows you to track your progress, identify areas for improvement, and build exam-day confidence.

How Oracle Account Reconciliation 1z0-1087-23 Certification Can Help You Land Your Dream Job

The Oracle Account Reconciliation 1z0-1087-23 certification is a valuable asset for any finance or IT professional seeking to advance their career. Mastering this skillset demonstrates your expertise in streamlining financial processes and ensuring data integrity, making you highly sought-after by organizations in the ever-evolving financial management landscape.

Unlock Lucrative Opportunities:

Earning the 1z0-1087-23 certification can open doors to exciting career opportunities with significant earning potential View more. Here's a glimpse into potential salary ranges:

Job Title

With Oracle Account Reconciliation 1z0-1087-23 Certification

Without Oracle Account Reconciliation 1z0-1087-23 Certification

Estimated Salary Increase

Account Reconciliation Specialist (Entry-Level)

$55,000 - $70,000

$50,000 - $65,000

$5,000 - $15,000

Financial Analyst (with Account Reconciliation Focus)

$65,000 - $80,000

$60,000 - $75,000

$5,000 - $15,000

Senior Accountant (with Account Reconciliation Expertise)

$75,000 - $90,000+

$70,000 - $85,000+

$5,000 - $15,000+

Oracle 1z0-1087-23 Exam Dumps FAQs

The Oracle 1Z0-1087-23 exam focuses on your ability to implement Oracle Account Reconciliation 202Key topics include:

  • Reconciliation compliance and transaction matching processes.
  • Reconciliation methods (balance comparison, account analysis, etc.).
  • User roles and permissions within Oracle Account Reconciliation.
  • Configuring account mappings, rules, and reconciliations.

Managing reconciliations, investigating discrepancies, and performing adjustments.

There are no formal prerequisites for the exam. However, experience with Oracle Cloud and basic understanding of accounting and reconciliation processes are beneficial.

The exam is a 90-minute, multiple-choice format with typically 60 questions.

Oracle does not publicly disclose the passing score. It's generally believed to be around 68% (40-42 correct answers).

The exam price is $245 USD (subject to change).

Oracle Cloud certifications do not have an expiration date. However, staying updated with the latest features is recommended.

This certification validates your skills in implementing and managing Oracle Account Reconciliation. It can be valuable for roles like financial analysts, accountants, and cloud architects working with Oracle Cloud.

While Oracle does not offer crack4sure practice exams, some third-party vendors provide practice exams specifically designed for the 1Z0-1087-23 format. Look for reputable training providers or online platforms with a good track record.

The 1Z0-1087-23 focuses on Oracle Account Reconciliation, while other exams like 1Z0-1044-20 (Cloud Database Administrator) or 1Z0-1094-20 (Cloud Infrastructure Foundations) cover different areas of Oracle Cloud services.

Yes, you can take the exam online through a Pearson VUE testing center proctor.

  • Utilize crack4sure Oracle resources and documentation.
  • Supplement your learning with practice exams and third-party study guides.
  • Gain hands-on experience through Oracle Cloud account trials or practice labs.
  • Focus on understanding concepts, not just memorizing details.

Manage your time effectively during the actual exam.

The certification can open doors to various roles like:

  • Account Reconciliation Specialist
  • Financial Analyst
  • Cloud Accountant

Oracle Cloud Application Specialist

The best approach involves a combination of resources:

  • Start with Oracle's crack4sure exam description and learning materials.
  • Utilize practice exams to assess your understanding and identify areas for improvement.
  • Consider instructor-led training or video tutorials for in-depth explanations.

Get hands-on experience through Oracle Cloud trials or practice labs.

1z0-1087-23 Questions and Answers

Question # 1

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.

Question # 2

Which three statements are true about importing transaction matching transactions from the Jobs page? (Choose three.)

A.

You select a separate load file for each data source.

B.

You can select comma or tab for delimiter, or enter a user-defined delimiter.

C.

You can import transactions to a match type only if its status is Pending.

D.

Auto-match can run automatically after the import is finished.

E.

You must select a match type for the import.

Question # 3

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

Question # 4

Which two conditions can make a profile invalid? (Choose two.)

A.

The Normal Balance setting does not match the account type.

B.

No preparer is assigned on the Workflow tab.

C.

No currency buckets are enabled.

D.

Aging limits have not been specified.

Question # 5

Which two rule types are available in profiles? (Choose two.)

A.

Flag As Needs Attention

B.

Auto Approve Reconciliation

C.

Require Reconciliation Attachment

D.

Delete Reconciliation

E.

Copy Transactions from Prior Reconciliation

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