Exam Number: 1Z0-1087-20
Format: Multiple Choice
Duration: 85 Minutes
Exam Price: Rs.36,887
Number of Questions: 60
Passing Score: 68%
Validation: Exam has been validated against Oracle Account Reconciliation 20.10
Policy: Cloud Recertification

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Solution Overview
Describe Rec Compliance and Transaction Matching
Explain Processes for Reconciliation Compliance (5 step process)
Describe Reconciliation Methods (Balance Comparison, Account Analysis, Variance Analysis, Balance Comparison with Transaction Matching, Account Analysis with Transaction Matching, and Transaction Matching Only)
Describe user roles (Administrator, Power User, User, Viewer)
Navigate the system (Filter, Sort, Select Columns, and Review a Reconciliation)

Configuring Reconciliation Compliance
Create Formats
Modify Formats
Create Profiles (Manual entry, copy & paste, delete, export and import)
Modify Profiles (ex: change threshold)
Import and Export Teams

Managing Reconciliations
Describe Individual, Group, and Summary Reconciliations
Create and delete Reconciliations
Manage Period Status
Transfer reconciliations between users
Review, Approve, Reject, and Reopen reconciliations

Loading Data
Describe methods of loading data
Load manual Pre-mapped data
Import Data Using Data Management
Set up EPM Automate to load Pre-mapped to DM or AR
Configure API call Pre-mapped to DM or AR

Creating and Managing Rules
Add calculated attributes and filters
Describe the Types of Rules
Add Rules to Formats and Profiles
Publish Filters

Configuring Transaction Matching
Create Match Types (Data Sources, Attributes, Transaction Types)
Configure Match Processes (including matching rules)
Create Formats and Profiles for Transaction Matching reconciliations
Export and Import Match Types
Import Transactions to Data Sources

Perform Transaction Matching
Explain Transaction Matching Processes – Load data, run Auto Match, Confirm Suggested Matches, Create Manual Matches
Identify Use Cases – Clearing or Accrual Reconciliations, Reconciling Debits and Credits
Export adjustments or transactions as journal entries

Analyzing Transaction Matches in Reports
Describe 5 balancing scenarios (Golden Rules)
Review TM Balancing Report

Setting Up the System
Discuss Profile Segments
Define Currency Rates and Currency Buckets
Set Up Organization Units
Set Up Calendars
Configure Periods
Set Up Teams

QUESTION 1
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

Correct Answer: AC

QUESTION 2
Which statement is always true of data loads from Data Management?

A. You must select either Actual or Budget as the scenario for the data.
B. You cannot load data into reconciliations with a status of Closed.
C. Only users with the administrator role can run data loads.
D. If there is no change in the balance, the reconciliation is not updated.

Correct Answer: A

QUESTION 3
Which keyword in a Teams import file identifies the section with the team members?

A. #team_children
B. #team
C. #team_items
D. #dependents

Correct Answer: B
 

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