Account Reconciliation 1Z0-1087-20 Dumps | Updated Sep 13, 2021 - VCEPrep
Master 2021 Latest The Questions Account Reconciliation and Pass 1Z0-1087-20 Real Exam!
NEW QUESTION 22
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. Select a format with the Variance Analysis reconciliation method for the profile.
- C. Add a rule to the Rules tab.
- D. Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.
Answer: B
NEW QUESTION 23
Which statement is true regarding the Normal Balance attribute in a profile?
- A. When it is selected, reconciliations display a warning if their balance is zero.
- B. Preparers cannot save a reconciliation if the balance type is other than expected.
- C. It is assigned automatically based on the account type.
- D. Reconciliations display a warning if the balance type is other than expected.
Answer: D
NEW QUESTION 24
Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data Management? (Choose two.)
- A. EDI
- B. XML
- C. SWIFT MT940
- D. BAI
Answer: C,D
NEW QUESTION 25
Which ability does NOT belong to users with the Power User role?
- A. review reconciliations
- B. prepare reconciliations
- C. edit formats to which they are assigned access
- D. edit profiles to which they are assigned access
Answer: C
NEW QUESTION 26
To which do you assign Holiday Rules?
- A. periods
- B. profiles
- C. calendars
- D. organizational units
Answer: C
NEW QUESTION 27
In which row does an unmatched transaction with an accounting date of April 30th display in the period-end reconciliation for May 31?
- A. It is excluded from the report
- B. Unmatched Supported
- C. Matched In Transit
- D. Unmatched
Answer: B
NEW QUESTION 28
Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested Matches list? (Choose two.)
- A. Enter a date for the adjustment.
- B. Select the data source to adjust.
- C. Enter an adjustment amount.
- D. Select an Adjustment Type.
Answer: B,D
NEW QUESTION 29
Which two statements are true about Group reconciliations? (Choose two.)
- A. The Group Detail tab shows data for the group reconciliation sub segments.
- B. You can import balances into periods as pre-mapped data.
- C. You cannot use Data Management to import balances for group reconciliations.
- D. The format for the reconciliation must be enabled for Group Reconciliation.
- E. Group reconciliations include other individual reconciliations as children.
Answer: B,D
NEW QUESTION 30
Which two are tasks that can be performed using EPM Automate? (Choose two.)
- A. set period status
- B. export journals
- C. import premapped data
- D. export balances
Answer: C,D
NEW QUESTION 31
When a user requests that responsibility for a reconciliation be reassigned to John, who is another regular user, John should be able to approve the request.
How can this be configured?
- A. On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.
- B. Add John to the Reassignment Approvers security group.
- C. On the Reassignment Requests tab in System Settings, in the Allow Reassignment Request Approval By option, select Users.
- D. In his User Preferences, John should select the Approve Reassignments option.
Answer: C
NEW QUESTION 32
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. You are loading data to the Reporting currency bucket.
- B. You are loading more than 1000 transactions.
- C. You want to import one concatenated field from the source file, rather than two separate fields.
- D. Your data includes fields with blank values.
Answer: A
NEW QUESTION 33
Which statement is true about saved filters?
- A. Only power users and service administrators can publish filters.
- B. Any user can publish a saved filter that they created.
- C. Saved Filters are public by default.
- D. Only service administrators can publish filters.
Answer: C
NEW QUESTION 34
Which two statements are true about importing and exporting match types? (Choose two.)
- A. Match types are exported to comma-separated (CSV) files.
- B. Match types are exported to a .zip folder.
- C. Import can update match types with Approved status only.
- D. Import can update match types with Pending status only.
Answer: A,D
NEW QUESTION 35
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 can create adjustments to balance a match set.
- D. You must be a power user or service administrator to create manual matches.
Answer: A
NEW QUESTION 36
Which is required for a valid profile?
- A. at least one level of review
- B. at least one rule
- C. at least one currency bucket
- D. at least one question:
Answer: C
NEW QUESTION 37
Which three statements are true about importing transaction matching transactions from the Jobs page?
(Choose three.)
- A. You can import transactions to a match type only if its status is Pending.
- B. Auto-match can run automatically after the import is finished.
- C. You select a separate load file for each data source.
- D. You must select a match type for the import.
- E. You can select comma or tab for delimiter, or enter a user-defined delimiter.
Answer: A,B,D
NEW QUESTION 38
Which two options indicate the minimum and respectively the maximum number of currency buckets you can enable? (Choose two.)
- A. one
- B. three
- C. two
- D. four
Answer: A,B
NEW QUESTION 39
From which two dates defined in the period can you schedule reconciliations? (Choose two.)
- A. prior period end date
- B. start date
- C. close date
- D. end date
Answer: C,D
NEW QUESTION 40
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