1z0-1087-23 Practice Exam Questions with Answers Oracle Account Reconciliation 2023 Implementation Essentials Certification

Match types are exported to a .zip folder.

Import can update match types with Pending status only.

Match types are exported to comma-separated (CSV) files.

Import can update match types with Approved status only.

Your data includes fields with blank values.

You are loading data to the Reporting currency bucket.

You are loading more than 1000 transactions.

You want to import one concatenated field from the source file, rather than two separate fields.

They must be assigned a quarterly calendar.

You cannot create reconciliations for profiles with transaction matching reconciliation methods for quarterly periods.

You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.

The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.

To explain the difference in balances within the same account over different periods.

To explain the difference in balances from the standards set by an organization in its budget.

To reconcile the same balance across general ledgers that follow different governing rules.

To justify each detail line of the total balance for the period.

Key Field

Accounting Date

Calculation

Balancing Attribute

Changes made by the deleted member are reassigned to the primary member of the team for review and approval,

The reconciliation is flagged as invalid and needs to be re-created by the administrator.

Changes made by the deleted member are reverted and the deleted member is removed from the reconciliation as preparer.

Changes made by the deleted member are kept intact and the deleted member still appears as the original preparer.

after you load transactions to the reconciliation data sources

after the period end date is reached

after the reconciliation meets its start date

after the reconciliation status changes to Open With Preparer

Reconciliations List

Overview Dashboard

Compliance Dashboard

Worklist

work days

calendar

language

tax jurisdiction

Yes/No

True/False

Number

Location

Flag As Needs Attention

Auto Approve Reconciliation

Require Reconciliation Attachment

Delete Reconciliation

Copy Transactions from Prior Reconciliation

Reviewers are sent notifications.

You can have up to seven levels of review.

You can assign backup reviewers.

You can assign a team as reviewer.

The Normal Balance setting does not match the account type.

No preparer is assigned on the Workflow tab.

No currency buckets are enabled.

Aging limits have not been specified.

The reconciliation status must be Pending.

Only the preparer of the reconciliation can delete the reconciliation.

The balances loaded for a period are not deleted when the reconciliation is deleted.

Only a Service Administrator or a Power User can delete a reconciliation.

Preparers can submit reconciliations with Open status.

Reviewers can approve reconciliations under review.

Reconciliations with Pending status can start.

You can load data to reconciliations for the period.

Balance Match (%tolerance)

No Data

Balance has not changed

Balance is zero and no activity