1Z0-1087-22 Online Practice Questions and Answers

Which statement is FALSE about Summary reconciliations?

A. The Group Detail tab shows transactions for the sub segments.

B. You can select Show All on the Balance Summary tab to view balances for the child reconciliations.

C. Summary reconciliations include other individual reconciliations as children.

D. The Unexplained Difference on the Balance Summary tab shows the total unexplained difference for all the child reconciliations.

You are using EPM Automate commands to automate data load to Account Reconciliation.

In which scenario should you use EPM Automate to load the data through Data Management rather than directly into Account Reconciliation?

A. Your data includes fields with blank values.

B. You are loading data to the Reporting currency bucket.

C. You are loading more than 1000 transactions.

D. You want to import one concatenated field from the source file, rather than two separate fields.

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 statements are true about Group reconciliations? (Choose two.)

A. Group reconciliations include other individual reconciliations as children.

B. You cannot use Data Management to import balances for group reconciliations.

C. The format for the reconciliation must be enabled for Group Reconciliation.

D. The Group Detail tab shows data for the group reconciliation sub segments.

E. You can import balances into periods as pre-mapped data.

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

Which transaction matching method is used to match the transactions betweentwo systems if period-end reconciliation is not the objective?

A. Transaction Matching Only

B. Variance Analysis with Transaction Matching

C. Balance Comparison with Transaction Matching

D. Account Analysis with Transaction Matching

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.

An error occurs during an import transactions job for a match type. What is the result of the job?

A. The job deletes all match type transactions, and the job status is set to Failed and Deleted,

B. Successfully imported transactions are committed to the system, failed transactions are logged, and thejob status is set to Completed with Errors.

C. The entire import is rolled back, and the job status is set to Failed.

D. The transactions are not imported, the match type is locked, and the job status it set to Failed and Locked.

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).

Which two auto-reconciliation methods for reconciliations use the Account Analysis format?

A. Unexplained difference is zero

B. Balance is zero

C. Zero activity

D. Balance is normal

E. No transactions