1z0-1087-23 Sample Questions Answers

Format

Reconciliation

Profile

Match Type

Group reconciliations include other individual reconciliations as children.

You cannot use Data Management to import balances for group reconciliations.

The format for the reconciliation must be enabled for Group Reconciliation.

The Group Detail tab shows data for the group reconciliation sub segments.

You can import balances into periods as pre-mapped data.

after you load transactions to the reconciliation data sources

after the period end date is reached

after the reconciliation meets its start date

after the reconciliation status changes to Open With Preparer

To explain the difference in balances within the same account over different periods.

To explain the difference in balances from the standards set by an organization in its budget.

To reconcile the same balance across general ledgers that follow different governing rules.

To justify each detail line of the total balance for the period.

Method

Normal Balance

Process

Account Type

The Group Detail tab shows transactions for the sub segments.

You can select Show All on the Balance Summary tab to view balances for the child reconciliations.

Summary reconciliations include other individual reconciliations as children.

The Unexplained Difference on the Balance Summary tab shows the total unexplained difference for all the child reconciliations.

Existing reconciliations that use the profile are not updated.

Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with the changes.

Existing reconciliations that use the profile are updated after approval by a system administrator.

Existing reconciliations with Pending status that use the profile are updated with the changes.

It is assigned automatically based on the account type.

Preparers cannot save a reconciliation if the balance type is other than expected.

When it is selected, reconciliations display a warning if their balance is zero.

Reconciliations display a warning if the balance type is other than expected.

Currency exchanges rates are out of date.

Journal adjustments created were not posted.

You do not have security access to all the transactions.

The data load for transactions was incomplete.

Flag As Needs Attention

Auto Approve Reconciliation

Require Reconciliation Attachment

Delete Reconciliation

Copy Transactions from Prior Reconciliation

It is excluded from the report

Unmatched Supported

Matched In Transit

Unmatched

The Normal Balance setting does not match the account type.

No preparer is assigned on the Workflow tab.

No currency buckets are enabled.

Aging limits have not been specified.

Transaction Matching Only

Variance Analysis with Transaction Matching

Balance Comparison with Transaction Matching

Account Analysis with Transaction Matching

The Data Management data load fails.

You are prompted whether to overwrite the pre-mapped balances.

The balances loaded through Data Management overwrite the pre-mapped balances.

The reconciliation takes the balances loaded through Data Management and the pre-mapped balance load, and totals them.

two

four

one

three

Edit the due date in the reconciliations for the organizational unit.

Create a holiday rule and assign it to the organizational unit.

Create a calendar and assign it to the organizational unit.

Add a rule to the Rules tab of the profiles for the reconciliations.

Transactions with the same key attributes cannot be loaded.

The attribute is hidden from users.

Transactions are sorted by the attribute.

Values are required for the attribute.

profiles

calendars

organizational units

periods

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.

Service Administrator

User

Power User

Viewer