Online 1D0-1087-24-D Practice Test

Question 1

Which three types of reconciliations are suitable for the Transaction Matching feature? (Choose three.)

Options :

A : reconciliations with a single data source, like a clearing account

B : reconciliations that are typically zero balance accounts with low activity

C : reconciliations that have amortizing transactions

D : reconciliations with 2 or more data sources, like a cash or accounts receivable account

E : accounts with high volumes of data

Answer: A,B,D

Question 2

Which two are tasks that can be performed using EPM Automate? (Choose two.)

Options :

A : set period status

B : import premapped data

C : export balances

D : export journals

Answer: B,C

Question 3

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

Options :

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

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

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

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

Answer: D

Question 4

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

Options :

A : Balance Match (%tolerance)

B : No Data

C : Balance has not changed

D : Balance is zero and no activity

Answer: A,D

Question 5

A profile’s properties have been modified and the changes saved. Which statement is correct?

Options :

A : Existing reconciliations that use the profile are not updated.

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

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

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

Answer: B

EXPERTY DESIGNED 1D0-1087-24-D PRACTICE TEST