Online 1Z0-1087-25 Practice Test

Question 1

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

Options :

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

B : They do not participate in period-end compliance workflow.

C : They do not need to be created for periods.

D : You must create profiles for them.

Answer: D

Question 2

Which two statements are true about reconciliation compliance filters?

Options :

A : They can control the records that you see in the list views.

B : They can be used by the rules engine.

C : They allow you to save columns to view records on the screen.

D : You can apply them against unmatched transactions.

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 statement about loading pre-mapped balances is FALSE?

Options :

A : You can drill back to the ERP from the reconciliation screen.

B : You must select a currency bucket for the import.

C : You must select a period to which to load the balances.

D : You can import from either tab separated or comma separated files.

Answer: A

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 1Z0-1087-25 PRACTICE TEST