1Z0-1087-20 Online Practice Questions and Answers

Which statement is always true of data loads from Data Management?

A. You must select either Actual or Budget as the scenario for the data.

B. You cannot load data into reconciliations with a status of Closed.

C. Only users with the administrator role can run data loads.

D. If there is no change in the balance, the reconciliation is not updated.

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.

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.

Which two statements are correct about deleting reconciliations? (Choose two.)

A. The reconciliation status must be Pending.

B. Only the preparer of the reconciliation can delete the reconciliation.

C. The balances loaded for a period are not deleted when the reconciliation is deleted.

D. Only a Service Administrator or a Power User can delete a reconciliation.

Which two conditions can make a profile invalid? (Choose two.)

A. The Normal Balance setting does not match the account type.

B. No preparer is assigned on the Workflow tab.

C. No currency buckets are enabled.

D. Aging limits have not been specified.

For which scenario could a match type with a single data source be appropriate?

A. matching credits and debits for a clearing account

B. intercompany matching

C. matching bank and point-of-sale transactions

D. variance analysis for current and prior period balances

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

Which statement is FALSE about reconciliations when the period is Closed?

A. Preparers can submit reconciliations with Open status.

B. Reviewers can approve reconciliations under review.

C. Reconciliations with Pending status can start.

D. You can load data to reconciliations for the period.

What happens when you load balances to a reconciliation with the status Closed or Open With Reviewer and the balance is different than what was already Certified?

A. The status reverts to Pending.

B. The import fails.

C. The status reverts to Open with Preparer.

D. The status is unchanged but a notification is sent to the related users.