1Z0-1087-20 Online Practice Questions and Answers

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

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.

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.

D. On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.

In which row does an unmatched transaction with an accounting date of April 30th display in the period-end reconciliation for May 31?

A. It is excluded from the report

B. Unmatched Supported

C. Matched In Transit D. Unmatched

Which statement is true about saved filters?

A. Any user can publish a saved filter that they created.

B. Saved Filters are public by default.

C. Only power users and service administrators can publish filters.

D. Only service administrators can publish filters.

Which property of profiles is set automatically when you select the format for the profile?

A. Method

B. Normal Balance

C. Process

D. Account Type

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

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

A. Balance Comparison

B. Transaction Matching

C. Variance Analysis

D. Account Analysis

Which two are properties of the organizational unit? (Choose two.)

A. work days

B. calendar

C. language

D. tax jurisdiction

Which two attribute types are required for each data source? (Choose two.)

A. Key Field

B. Accounting Date

C. Calculation

D. Balancing Attribute