[Q18-Q32] Tested Material Used To 1z0-1087-23 Test Engine Exam Questions in here [Jan-2024] : Actual Test Materials : http://blog.actualtests4sure.com

NEW QUESTION 18
Which two are matching rule types?

Matches Exactly

Matches with Tolerance

Suggested Match

Adjustment

One to One

NEW QUESTION 19
What happens to a reconciliation if a team member who prepared the reconciliation is deleted from the team at
a later point of time?

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

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

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

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

NEW QUESTION 20
In a reconciliation profile, the Account Payable Reviewers team is assigned as the reviewer, and you want to
require that ALL team members approve the reconciliation.
Which action should you perform?

In the Instructions tab of the profile, add instructions for all team members to review the reconciliation.

On the Workflow tab of the Profile, select All Reviewers in the Require Action By field.

Add a rule of the type Require Team Review to the Rules tab.

Do not select a Primary User for the Account Payable Reviewers team.

NEW QUESTION 21
Which two are tasks you can perform when confirming suggested matches with adjustments in the Suggested
Matches list? (Choose two.)

Select the data source to adjust.

Select an Adjustment Type.

Enter an adjustment amount.

Enter a date for the adjustment.

NEW QUESTION 22
Which reconciliation method is appropriate for a prepaid insurance reconciliation that explains the current
month balance?

Balance Comparison

Transaction Matching

Variance Analysis

Account Analysis

NEW QUESTION 23
Which statement is true for profiles that have a Quarterly frequency selected?

They must be assigned a quarterly calendar.

You cannot create reconciliations for profiles with transaction matching reconciliation methods for
quarterly periods.

You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.

The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.

NEW QUESTION 24
Which statement is FALSE regarding user-defined attributes?

You can no longer add/edit attributes after reconciliations are created.

They can be added to formats, profiles, and transactions.

They can include calculated values.

You can assign access to attributes by user role.

NEW QUESTION 25
Which statement is true about saved filters?

Any user can publish a saved filter that they created.

Saved Filters are public by default.

Only power users and service administrators can publish filters.

Only service administrators can publish filters.

NEW QUESTION 26
Which two are auto-reconciliation methods? (Choose two.)

Balance Match (%tolerance)

No Data

Balance has not changed

Balance is zero and no activity

NEW QUESTION 27
From which two dates defined in the period can you schedule reconciliations? (Choose two.)

end date

prior period end date

close date

start date

NEW QUESTION 28
Which is true when you reopen a reconciliation?

It reopens to the service administrator.

It reopens to the last reviewer.

You select the role to which it reopens to.

It reopens to the preparer.

NEW QUESTION 29
Which statement is FALSE about calendars?

Calendars are associated with periods and organizational units.

One period may have many calendars to reflect different date configurations for the period.

An organizational unit can be assigned many calendars to enable reconciliations for different financial
dates.

Calendars set the dates and frequencies for each period.

NEW QUESTION 30
Which is NOT a step in the process for reconciliation compliance?

prepare reconciliations

execute automation like Automatic Recon and Rules

load balances

confirm suggested matches

NEW QUESTION 31
Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation
method?

They display in both the Reconciliations list and the Matching list.

They do not participate in period-end compliance workflow.

They do not need to be created for periods.

You must create profiles for them.

NEW QUESTION 32
Which statement is FALSE about the profile segments?

You cannot change the profile segments after you have loaded profiles.

The profile segments control the mapping of balances to reconciliations.

The profile segments are configured as part of the system attributes,

The profile segments specify the level at which the organization reconcile account balances.