1Z0-1087-20 Online Practice Questions and Answers

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

A. #team_children

B. #team

C. #team_items

D. #dependents

Which statement about loading pre-mapped balances is FALSE?

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.

You want to load balances for both the Entered currency bucket and the Functional currency bucket in a single data load.

Which tool should you use?

A. `Import pre-mapped balances' option in the Periods page

B. Data Management data load rule

C. Smart View

D. Supplemental Data Management form

Which is required for a valid profile?

A. at least one level of review

B. at least one question

C. at least one rule

D. at least one currency bucket

In a reconciliation profile, the Account Payable Reviewers team is assigned as the reviewer, and you want to require that ALL team members approve the reconciliation.

Which action should you perform?

A. In the Instructions tab of the profile, add instructions for all team members to review the reconciliation.

B. On the Workflow tab of the Profile, select All Reviewers in the Require Action By field.

C. Add a rule of the type Require Team Review to the Rules tab.

D. Do not select a Primary User for the Account Payable Reviewers team.

When a user requests that responsibility for a reconciliation be reassigned to John, who is another regular user, John should be able to approve the request.

How can this be configured?

A. In his User Preferences, John should select the Approve Reassignments option.

B. Add John to the Reassignment Approvers security group.

C. On the Reassignment Requests tab in System Settings, in the Allow Reassignment Request Approval By option, select Users.

D. On the Manage Users tab of the Access Control page, assign John the Reassignment Approvers role.

Which two statements are true about importing and exporting match types? (Choose two.)

A. Match types are exported to a .zip folder.

B. Import can update match types with Pending status only.

C. Match types are exported to comma-separated (CSV) files.

D. Import can update match types with Approved status only.

Where do you navigate to configure power users access to profiles?

A. under Application, select Configuration, and then System Settings

B. under Tools, select Access Control, then Power User Security

C. under Application, select Configuration, and then Profile Segments D. under Application, select Profiles

Which statement is true regarding the Normal Balance attribute in a profile?

A. It is assigned automatically based on the account type.

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

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

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

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

A. Balance Match (%tolerance)

B. No Data

C. Balance has not changed

D. Balance is zero and no activity

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. In the Actions menu of the reconciliations, select Request Reassignment.

D. Click the Release button in the reconciliations to release it to the other team members.

When can you run auto-matching for a transaction matching reconciliation?

A. after you load transactions to the reconciliation data sources

B. after the period end date is reached

C. after the reconciliation meets its start date

D. after the reconciliation status changes to Open With Preparer

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

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

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

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.

You want to require that preparers answer a question certifying that they followed the company accounting policies in preparing the reconciliation.

Where do you add the question?

A. to the match type

B. to the profile

C. to the reconciliation

D. to the format