[Jul-2021] Dumps Brief Outline Of The 1Z0-1087-20 Exam - DumpsFree
1Z0-1087-20 Training & Certification Get Latest Account Reconciliation
NEW QUESTION 10
Which two attribute types are required for each data source? (Choose two.)
- A. Balancing Attribute
- B. Key Field
- C. Calculation
- D. Accounting Date
Answer: A,D
NEW QUESTION 11
Which statement about journals in transaction matching is FALSE?
- A. For transactions, you can apply a data source filter to the export.
- B. For adjustments, the variance amount is exported to the Amount column.
- C. You create separate journal columns for each match type.
- D. You create separate journal column mappings for adjustments and transactions.
Answer: B
NEW QUESTION 12
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 13
What happens when you select the Key option for a data source attribute?
- A. Values are required for the attribute.
- B. Transactions are sorted by the attribute.
- C. Transactions with the same key attributes cannot be loaded.
- D. The attribute is hidden from users.
Answer: A
NEW QUESTION 14
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 15
Where can a service administrator navigate to view, by user, how many reconciliations were completed on time, how many are late, and how many were rejected?
- A. Worklist
- B. Overview Dashboard
- C. Reconciliations List
- D. Compliance Dashboard
Answer: D
NEW QUESTION 16
Which is NOT an attribute type for reconciliation compliance attributes?
- A. Yes/No
- B. Number
- C. True/False
- D. Location
Answer: D
NEW QUESTION 17
Which is NOT a step in configuring journals in Transaction Matching?
- A. create journal columns
- B. create journal templates
- C. map journal columns to data source attribute columns
- D. define data source filters
Answer: B
NEW QUESTION 18
Which statement regarding user-defined attributes is FALSE?
- A. You can assign access by user role.
- B. They can be assigned default value.
- C. They can include calculated values.
- D. You can no longer add/edit attributes after reconciliations are created.
Answer: D
NEW QUESTION 19
Which statement about loading pre-mapped balances is FALSE?
- A. You can import from either tab separated or comma separated files.
- B. You can drill back to the ERP from the reconciliation screen.
- C. You must select a period to which to load the balances.
- D. You must select a currency bucket for the import.
Answer: B
NEW QUESTION 20
Which two are auto-reconciliation methods? (Choose two.)
- A. Balance Match (%tolerance)
- B. Balance has not changed
- C. No Data
- D. Balance is zero and no activity
Answer: A,D
NEW QUESTION 21
Which two are properties of the organizational unit? (Choose two.)
- A. language
- B. work days
- C. tax jurisdiction
- D. calendar
Answer: B,D
NEW QUESTION 22
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 23
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 24
Which statement is FALSE of teams?
- A. A team can have another team as a member.
- B. A user can belong to more than one team.
- C. Teams are assigned to profiles on the Workflow tab.
- D. Teams can be assigned a primary user.
Answer: C
NEW QUESTION 25
Which reconciliation method is appropriate for a prepaid insurance reconciliation that explains the current month balance?
- A. Account Analysis
- B. Balance Comparison
- C. Transaction Matching
- D. Variance Analysis
Answer: B
NEW QUESTION 26
Which property of profiles is set automatically when you select the format for the profile?
- A. Method
- B. Normal Balance
- C. Process
- D. Account Type
Answer: D
NEW QUESTION 27
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 Actions menu of the reconciliations, select Request Reassignment.
- B. In User Preferences, change your status to Out of Office.
- C. In the Workflow tab of the reconciliations, select a backup preparer in the Backup Preparer field.
- D. Click the Release button in the reconciliations to release it to the other team members.
Answer: C
NEW QUESTION 28
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. Smart View
- B. Data Management data load rule
- C. 'Import pre-mapped balances' option in the Periods page
- D. Supplemental Data Management form
Answer: B
NEW QUESTION 29
Which is NOT a step in the process for reconciliation compliance?
- A. confirm suggested matches
- B. execute automation like Automatic Recon and Rules
- C. prepare reconciliations
- D. load balances
Answer: A
NEW QUESTION 30
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 31
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 32
For which scenario could a match type with a single data source be appropriate?
- A. matching bank and point-of-sale transactions
- B. matching credits and debits for a clearing account
- C. variance analysis for current and prior period balances
- D. intercompany matching
Answer: B
NEW QUESTION 33
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 34
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