[Nov 07, 2022] 1z0-1087-22 Exam Dumps PDF Updated Dump from Actual4Labs Guaranteed Success
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NEW QUESTION 37
Which expression do you include in the Expression field of the Amount column in an import format to ensure that zero balances are loaded?
- A. NZP
- B. Include Null
- C. 0
- D. Source system
Answer: A
NEW QUESTION 38
How can you configure a profile for reconciliation compliance to show the variance between a current period balance and a prior period balance in a separate workflow from the reconciliation?
- A. Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.
- B. On the currency tab, enable a currency bucket for that prior period balance.
- C. Add a rule to the Rules tab.
- D. Select a format with the Variance Analysis reconciliation method for the profile.
Answer: D
NEW QUESTION 39
Which is NOT an attribute type for reconciliation compliance attributes?
- A. Number
- B. Location
- C. True/False
- D. Yes/No
Answer: B
NEW QUESTION 40
Which two statements are true about importing and exporting match types? (Choose two.)
- A. Import can update match types with Pending status only.
- B. Import can update match types with Approved status only.
- C. Match types are exported to comma-separated (CSV) files.
- D. Match types are exported to a .zip folder.
Answer: A,C
NEW QUESTION 41
In the Balance Explanations tab of the Prepaid Expenses reconciliation, you want to include the transactions and attachments from the prior period in the current period.
Which action should you perform?
- A. In the Balance Explanations tab of the current period reconciliation, select 'Copy Transactions from Prior Reconciliation'.
- B. Export the transactions from the prior period reconciliation and then import them to the current period reconciliation.
- C. In the profile for Prepaid Expenses reconciliations, select 'Include Prior Period Transactions'.
- D. In the Reconciliations list, copy the reconciliation from the prior period and paste it into the current period.
Answer: C
NEW QUESTION 42
Which two statements are correct about deleting reconciliations? (Choose two.)
- A. The balances loaded for a period are not deleted when the reconciliation is deleted.
- B. Only a Service Administrator or a Power User can delete a reconciliation.
- C. The reconciliation status must be Pending.
- D. Only the preparer of the reconciliation can delete the reconciliation.
Answer: A,D
NEW QUESTION 43
From which two dates defined in the period can you schedule reconciliations? (Choose two.)
- A. close date
- B. start date
- C. end date
- D. prior period end date
Answer: A,C
NEW QUESTION 44
When can you run auto-matching for a transaction matching reconciliation?
- A. after the reconciliation meets its start date
- B. after the period end date is reached
- C. after the reconciliation status changes to Open With Preparer
- D. after you load transactions to the reconciliation data sources
Answer: D
NEW QUESTION 45
Which statement is FALSE about Summary reconciliations?
- A. The Group Detail tab shows transactions for the sub segments.
- B. You can select Show All on the Balance Summary tab to view balances for the child reconciliations.
- C. Summary reconciliations include other individual reconciliations as children.
- D. The Unexplained Difference on the Balance Summary tab shows the total unexplained difference for all the child reconciliations.
Answer: A
NEW QUESTION 46
Which property of profiles is set automatically when you select the format for the profile?
- A. Method
- B. Process
- C. Account Type
- D. Normal Balance
Answer: C
NEW QUESTION 47
Which statement about rules is FALSE?
- A. You can use a saved filter as the condition in a rule.
- B. A profile can have a maximum of three rules.
- C. A rule can set a reconciliation attribute to a specified value when the rule conditions are met.
- D. Profiles inherit rules from their formats.
Answer: B
NEW QUESTION 48
For which scenario could a match type with a single data source be appropriate?
- A. variance analysis for current and prior period balances
- B. intercompany matching
- C. matching bank and point-of-sale transactions
- D. matching credits and debits for a clearing account
Answer: D
NEW QUESTION 49
Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation method?
- A. You must create profiles for them.
- B. They do not participate in period-end compliance workflow.
- C. They do not need to be created for periods.
- D. They display in both the Reconciliations list and the Matching list.
Answer: A
NEW QUESTION 50
Which transaction matching method is used to match the transactions between two systems if period-end reconciliation is not the objective?
- A. Variance Analysis with Transaction Matching
- B. Transaction Matching Only
- C. Account Analysis with Transaction Matching
- D. Balance Comparison with Transaction Matching
Answer: A
NEW QUESTION 51
Which rule runs during the post-processing of data loads?
- A. Create Reconciliations
- B. Copy Transactions
- C. Auto Match Transactions
- D. Auto Submit Reconciliation
- E. Send Email On Update
Answer: C
NEW QUESTION 52
Which statement is FALSE regarding user-defined attributes?
- A. You can assign access to attributes by user role.
- B. They can include calculated values.
- C. They can be added to formats, profiles, and transactions.
- D. You can no longer add/edit attributes after reconciliations are created.
Answer: D
NEW QUESTION 53
Which statement is FALSE about the profile segments?
- A. The profile segments are configured as part of the system attributes,
- B. The profile segments specify the level at which the organization reconcile account balances.
- C. The profile segments control the mapping of balances to reconciliations.
- D. You cannot change the profile segments after you have loaded profiles.
Answer: B
NEW QUESTION 54
What happens to a reconciliation if a team member who prepared the reconciliation is deleted from the team at a later point of time?
- A. Changes made by the deleted member are reassigned to the primary member of the team for review and approval,
- B. Changes made by the deleted member are reverted and the deleted member is removed from the reconciliation as preparer.
- C. The reconciliation is flagged as invalid and needs to be re-created by the administrator.
- D. Changes made by the deleted member are kept intact and the deleted member still appears as the original preparer.
Answer: D
NEW QUESTION 55
Which statement is true about saved filters?
- A. Any user can publish a saved filter that they created.
- B. Saved Filters are public by default.
- C. Only power users and service administrators can publish filters.
- D. Only service administrators can publish filters.
Answer: B
NEW QUESTION 56
Which is NOT a step in configuring journals in Transaction Matching?
- A. define data source filters
- B. create journal templates
- C. map journal columns to data source attribute columns
- D. create journal columns
Answer: B
NEW QUESTION 57
You are a preparer with the User role and you are going on vacation.
How can you assign responsibility for reconciliations currently open with you to the backup preparer?
- A. In the Workflow tab of the reconciliations, select a backup preparer in the Backup Preparer field.
- B. In User Preferences, change your status to Out of Office.
- C. Click the Release button in the reconciliations to release it to the other team members.
- D. In the Actions menu of the reconciliations, select Request Reassignment.
Answer: A
NEW QUESTION 58
Which two Bank File formats does Account Reconciliation support using pre-built adapters in Data Management? (Choose two.)
- A. EDI
- B. SWIFT MT940
- C. BAI
- D. XML
Answer: B,C
NEW QUESTION 59
Which is the minimum user security role required to edit profiles?
- A. Power User
- B. Viewer
- C. Service Administrator
- D. User
Answer: D
NEW QUESTION 60
Which two rule types are available in profiles? (Choose two.)
- A. Delete Reconciliation
- B. Auto Approve Reconciliation
- C. Flag As Needs Attention
- D. Require Reconciliation Attachment
- E. Copy Transactions from Prior Reconciliation
Answer: B,E
NEW QUESTION 61
Which is NOT a step in the process for reconciliation compliance?
- A. load balances
- B. prepare reconciliations
- C. execute automation like Automatic Recon and Rules
- D. confirm suggested matches
Answer: D
NEW QUESTION 62
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