New 2022 1z0-1087-22 Dumps for Account Reconciliation Certified Exam Questions and Answer
Realistic Verified 1z0-1087-22 exam dumps Q&As - 1z0-1087-22 Free Update
NEW QUESTION 24
Which statement about rules is FALSE?
- A. A rule can set a reconciliation attribute to a specified value when the rule conditions are met.
- B. A profile can have a maximum of three rules.
- C. Profiles inherit rules from their formats.
- D. You can use a saved filter as the condition in a rule.
Answer: B
NEW QUESTION 25
A team has been assigned as the preparer for a reconciliation, and one team member is designated as the primary user.
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 can edit the reconciliation properties.
- C. The primary user must approve the reconciliation before the preparer submits the reconciliation.
- D. The system automatically claims the reconciliation for the primary use when the reconciliation status changes to Open (with preparer).
Answer: D
NEW QUESTION 26
Which two statements are correct about deleting reconciliations? (Choose two.)
- A. Only the preparer of the reconciliation can delete the reconciliation.
- B. Only a Service Administrator or a Power User can delete a reconciliation.
- C. The reconciliation status must be Pending.
- D. The balances loaded for a period are not deleted when the reconciliation is deleted.
Answer: A,D
NEW QUESTION 27
Which statement is FALSE regarding user-defined attributes?
- A. You can no longer add/edit attributes after reconciliations are created.
- B. They can include calculated values.
- C. You can assign access to attributes by user role.
- D. They can be added to formats, profiles, and transactions.
Answer: A
NEW QUESTION 28
What results if you load balances using Data Management to a period to which you previously imported pre- mapped balances?
- A. The balances loaded through Data Management overwrite the pre-mapped balances.
- B. The Data Management data load fails.
- C. The reconciliation takes the balances loaded through Data Management and the pre-mapped balance load, and totals them.
- D. You are prompted whether to overwrite the pre-mapped balances.
Answer: A
NEW QUESTION 29
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. Do not select a Primary User for the Account Payable Reviewers team.
- 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. In the Instructions tab of the profile, add instructions for all team members to review the reconciliation.
Answer: B
NEW QUESTION 30
Which two statements are true about reconciliation compliance filters?
- A. They can control the records that you see in the list views.
- B. They can be used by the rules engine.
- C. You can apply them against unmatched transactions.
- D. They allow you to save columns to view records on the screen.
Answer: B,D
NEW QUESTION 31
A profile's properties have been modified and the changes saved. Which statement is correct?
- A. Existing reconciliations that use the profile are updated after approval by a system administrator.
- B. Existing reconciliations that use the profile are not updated.
- C. Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with the changes.
- D. Existing reconciliations with Pending status that use the profile are updated with the changes.
Answer: C
NEW QUESTION 32
Which two are auto-reconciliation methods? (Choose two.)
- A. No Data
- B. Balance Match (%tolerance)
- C. Balance has not changed
- D. Balance is zero and no activity
Answer: B,D
NEW QUESTION 33
Which statement is always true of data loads from Data Management?
- A. If there is no change in the balance, the reconciliation is not updated.
- B. You must select either Actual or Budget as the scenario for the data.
- C. You cannot load data into reconciliations with a status of Closed.
- D. Only users with the administrator role can run data loads.
Answer: B
NEW QUESTION 34
Which two statements are true about match types with Pending status?
- A. You can edit the data sources attributes.
- B. You can load data to Pending reconciliations for the match type.
- C. You cannot edit the matching rules.
- D. You can perform matching on reconciliations for the match type.
Answer: B,D
NEW QUESTION 35
What happens when you select the Key option for a data source attribute?
- A. The attribute is hidden from users.
- B. Values are required for the attribute.
- C. Transactions are sorted by the attribute.
- D. Transactions with the same key attributes cannot be loaded.
Answer: B
NEW QUESTION 36
Which statement about manual matching in transaction matching is FALSE?
- A. You can manually match transactions only if the amounts are within the tolerance.
- B. Transactions for which auto-matching rules did not find matches can be manually matched.
- C. You must be a power user or service administrator to create manual matches.
- D. You can create adjustments to balance a match set.
Answer: A
NEW QUESTION 37
Which is NOT a step in configuring journals in Transaction Matching?
- A. create journal templates
- B. define data source filters
- C. map journal columns to data source attribute columns
- D. create journal columns
Answer: A
NEW QUESTION 38
Which statement is FALSE about calendars?
- A. One period may have many calendars to reflect different date configurations for the period.
- B. An organizational unit can be assigned many calendars to enable reconciliations for different financial dates.
- C. Calendars are associated with periods and organizational units.
- D. Calendars set the dates and frequencies for each period.
Answer: D
NEW QUESTION 39
Which two tasks can be performed using EPM Automate?
- A. Export journals.
- B. Load pre-mapped balances.
- C. Import match types.
- D. Set period status.
Answer: A,C
NEW QUESTION 40
For which scenario could a match type with a single data source be appropriate?
- A. intercompany matching
- B. matching credits and debits for a clearing account
- C. matching bank and point-of-sale transactions
- D. variance analysis for current and prior period balances
Answer: B
NEW QUESTION 41
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