1Z0-1087-20 Online Practice Questions and Answers

Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data Management? (Choose two.)

A. SWIFT MT940

B. BAI

C. EDI

D. XML

Which ability does NOT belong to users with the Power User role?

A. edit formats to which they are assigned access

B. prepare reconciliations

C. review reconciliations

D. edit profiles to which they are assigned access

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.

In the Balance Explanations tab of the Prepaid Expenses reconciliation, you want to include the transactions and attachments from the prior period in the current period.

Which action should you perform?

A. In the Balance Explanations tab of the current period reconciliation, select `Copy Transactions from Prior Reconciliation'.

B. In the profile for Prepaid Expenses reconciliations, select `Include Prior Period Transactions'.

C. In the Reconciliations list, copy the reconciliation from the prior period and paste it into the current period.

D. Export the transactions from the prior period reconciliation and then import them to the current period reconciliation.

What results if you load balances using Data Management to a period to which you previously imported pre-mapped balances?

A. The Data Management data load fails.

B. You are prompted whether to overwrite the pre-mapped balances.

C. The balances loaded through Data Management overwrite the pre-mapped balances.

D. The reconciliation takes the balances loaded through Data Management and the pre-mapped balance load, and totals them.

You are creating a matching rule, and you want transactions that are within the specified tolerance range to be matched automatically, with no need for further user review.

Which option should you choose for the Match Status?

A. Suggested

B. Auto Approve

C. Auto Submit

D. Confirmed

Which statement is true for profiles that have a Quarterly frequency selected?

A. They must be assigned a quarterly calendar.

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

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

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

Which is NOT a step in configuring journals in Transaction Matching?

A. create journal columns

B. map journal columns to data source attribute columns

C. define data source filters

D. create journal templates

How can you configure a profile for reconciliation compliance to show the variance between a current period balance and a prior period balance in a separate workflow from the reconciliation?

A. On the currency tab, enable a currency bucket for that prior period balance.

B. Add a rule to the Rules tab.

C. Select a format with the Variance Analysis reconciliation method for the profile.

D. Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.

When can you run auto-matching for a transaction matching reconciliation?

A. after you load transactions to the reconciliation data sources

B. after the period end date is reached

C. after the reconciliation meets its start date

D. after the reconciliation status changes to Open With Preparer