1Z0-1087-22 Online Practice Questions and Answers

Which statement about loading pre-mapped balances is FALSE?

A. You can drill back to the ERP from the reconciliation screen.

B. You must select a currency bucket for the import.

C. You must select a period to which to load the balances.

D. You can import from either tab separated or comma separated files.

Which statement is true regarding the Normal Balance attribute in a profile?

A. It is assigned automatically based on the account type.

B. Preparers cannot save a reconciliation if the balance type is other than expected.

C. When it is selected, reconciliations display a warning if their balance is zero.

D. Reconciliations display a warning if the balance type is other than expected.

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 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.

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 User Preferences, change your status to Out of Office.

C. In the Actions menu of the reconciliations, select Request Reassignment.

D. Click the Release button in the reconciliations to release it to the other team members.

Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested Matches list? (Choose two.)

A. Select the data source to adjust.

B. Select an Adjustment Type.

C. Enter an adjustment amount.

D. Enter a date for the adjustment.

Which is NOT a step in the process for reconciliation compliance?

A. prepare reconciliations

B. execute automation like Automatic Recon and Rules

C. load balances

D. confirm suggested matches

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.

Which two are matching rule types?

A. Matches Exactly

B. Matches with Tolerance

C. Suggested Match

D. Adjustment

E. One to One

A team has been assigned as the preparer for a reconciliation, and one team member is designated as the primaryuser.

What characterizes the primary user?

A. The system automatically re-assigned the reconciliation to the primary user when the current preparer is out of the office.

B. The primary user must approve the reconciliation before the preparer submits the reconciliation.

C. The primary user can edit the reconciliation properties.

D. The system automatically claims the reconciliation for the primary use when the reconciliation status changes to Open (with preparer).