1Z0-1087-22 Online Practice Questions and Answers

From which two dates defined in the period can you schedule reconciliations? (Choose two.)

A. end date

B. prior period end date

C. close date

D. start date

Which two statements are correct about deleting reconciliations? (Choose two.)

A. The reconciliation status must be Pending.

B. Only the preparer of the reconciliation can delete the reconciliation.

C. The balances loaded for a period are not deleted when the reconciliation is deleted.

D. Only a Service Administrator or a Power User can delete a reconciliation.

Where do you navigate to configure power users access to profiles?

A. under Application, select Configuration, and then System Settings

B. under Tools, select Access Control, then Power User Security

C. under Application, select Configuration, and then Profile Segments

D. under Application, select Profiles

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.

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

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A. Currency exchanges rates are out of date.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.

What happens to a reconciliation if a team member who prepared the reconciliation is deleted from the team at a later point of time?

A. Changes made by the deleted member are reassigned to the primary member of the team for review and approval,

B. The reconciliation is flagged as invalid and needs to be re-created by the administrator.

C. Changes made by the deleted member are reverted and the deleted member is removed from the reconciliation as preparer.

D. Changes made by the deleted member are kept intact and the deleted member still appears as the original preparer.

Which two statements are true about match types with Pending status?

A. You can edit the data sources attributes.

B. You can load datato Pending reconciliations for the match type.

C. You can perform matching on reconciliations for the match type.

D. You cannot edit the matching rules.

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