1Z0-1087-22 Online Practice Questions and Answers

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

Where can a service administrator navigate to view, by user, how many reconciliations were completed on time, how many are late, and how many were rejected?

A. Reconciliations List

B. Overview Dashboard

C. Compliance Dashboard

D. Worklist

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. In the profile for Prepaid Expenses reconciliations, select `Include Prior Period Transactions'.

C. In the Reconciliations list, copy the reconciliation from the prior period and paste it into the current period.

D. Export the transactions from the prior period reconciliation and then import them to the current period reconciliation.

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

What results if you load balances using Data Management to a period to which you previously imported pre-mapped balances?

A. The Data Management data load fails.

B. You are prompted whether to overwrite the pre-mapped balances.

C. The balances loaded through Data Management overwrite the pre-mapped balances.

D. The reconciliation takes the balances loaded through Data Management and the pre-mapped balance load, and totals them.

Which statement is true for profiles that have a Quarterly frequency selected?

A. They must be assigned a quarterly calendar.

B. You cannot create reconciliations for profiles with transaction matching reconciliation methods for quarterly periods.

C. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.

D. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.

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

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.

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.

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. 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.