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Oracle 1z0-1087-23 Exam Syllabus Topics:

Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

1. Which statement is FALSE about reconciliations when the period is Closed?

A) Reviewers can approve reconciliations under review.
B) Reconciliations with Pending status can start.
C) You can load data to reconciliations for the period.
D) Preparers can submit reconciliations with Open status.

2. Which reconciliation method is appropriate for a prepaid insurance reconciliation that explains the current
month balance?

A) Balance Comparison
B) Account Analysis
C) Transaction Matching
D) Variance Analysis

3. Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation
method?

A) They display in both the Reconciliations list and the Matching list.
B) You must create profiles for them.
C) They do not need to be created for periods.
D) They do not participate in period-end compliance workflow.

4. Which statement about rules is FALSE?

A) Profiles inherit rules from their formats.
B) A profile can have a maximum of three rules.
C) A rule can set a reconciliation attribute to a specified value when the rule conditions are met.
D) You can use a saved filter as the condition in a rule.

5. When would you use the Variance Analysis reconciliation method?

A) To explain the difference in balances within the same account over different periods.
B) To explain the difference in balances from the standards set by an organization in its budget.
C) To reconcile the same balance across general ledgers that follow different governing rules.
D) To justify each detail line of the total balance for the period.

Solutions: