1Z0-1087-20 Online Practice Questions and Answers

You want to load balances for both the Entered currency bucket and the Functional currency bucket in a single data load.

Which tool should you use?

A. `Import pre-mapped balances' option in the Periods page

B. Data Management data load rule

C. Smart View

D. Supplemental Data Management form

Which is NOT an attribute type for reconciliation compliance attributes?

A. Yes/No

B. True/False

C. Number

D. Location

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 about journals in transaction matching is FALSE?

A. You create separate journal column mappings for adjustments and transactions.

B. For transactions, you can apply a data source filter to the export.

C. You create separate journal columns for each match type.

D. For adjustments, the variance amount is exported to the Amount column.

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 the process for reconciliation compliance?

A. prepare reconciliations

B. execute automation like Automatic Recon and Rules

C. load balances

D. confirm suggested matches

A profile's properties have been modified and the changes saved.

Which statement is correct?

A. Existing reconciliations that use the profile are not updated.

B. Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with the changes.

C. Existing reconciliations that use the profile are updated after approval by a system administrator.

D. Existing reconciliations with Pending status that use the profile are updated with the changes.

Which statement is FALSE about reconciliations when the period is Closed?

A. Preparers can submit reconciliations with Open status.

B. Reviewers can approve reconciliations under review.

C. Reconciliations with Pending status can start.

D. You can load data to reconciliations for the period.