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Oracle 1Z0-1087-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Solution Overview | - Reconciliation process and methods - Reconciliation Compliance and Transaction Matching overview - User roles and access control |
| Topic 2: Configuring Transaction Matching | - Matching rules and processes - Currency rates and buckets - Match types, data sources, and attributes - Formats and profiles for transaction matching |
| Topic 3: Transaction Matching Operations | - Use cases for clearing and accrual reconciliations - Analyze and manage matches - Export adjustments to journal entries - Period-end balancing |
| Topic 4: Configuring Reconciliation Compliance | - Teams, calendars, and period management - Create and manage formats - Create and manage profiles - Five balancing scenarios (Golden Rules) |
| Topic 5: Managing Reconciliations | - Transfer reconciliations between users - Review, approve, reject, and reopen reconciliations - Data loading methods (EPM Automate, REST APIs) - Individual, group, and summary reconciliations |
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The Oracle Account Reconciliation 2021 Implementation Essentials blueprint spans 5 domains — including Configuring Transaction Matching, Managing Reconciliations, Solution Overview. Let the weightings direct your spare-time review; the full outline above lists every subtopic.
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The Oracle Account Reconciliation 2021 Implementation Essentials is Oracle's certification exam for Oracle Account Reconciliation 2021 Certified Implementation Specialist, at the Specialist level. It validates job-ready skills, and passing it marks you as a verified professional.
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Oracle Account Reconciliation 2021 Implementation Essentials Sample Questions:
Which statement is always true of data loads from Data Management?
- A. You cannot load data into reconciliations with a status of Closed.
- B. If there is no change in the balance, the reconciliation is not updated.
- C. You must select either Actual or Budget as the scenario for the data.
- D. Only users with the administrator role can run data loads.
Correct Answer: C 🗳️
The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which two are possible explanations? (Choose two.)
- A. You do not have security access to all the transactions.
- B. The data load for transactions was incomplete.
- C. Currency exchanges rates are out of date.
- D. Journal adjustments created were not posted.
Correct Answer: A,D 🗳️
Which statement about loading pre-mapped balances is FALSE?
- A. You must select a period to which to load the balances.
- B. You can drill back to the ERP from the reconciliation screen.
- C. You must select a currency bucket for the import.
- D. You can import from either tab separated or comma separated files.
Correct Answer: B 🗳️
Which is NOT a step in the process for reconciliation compliance?
- A. load balances
- B. execute automation like Automatic Recon and Rules
- C. prepare reconciliations
- D. confirm suggested matches
Correct Answer: D 🗳️
The objects within the match type refer to data sources, the data source attributes, the match processes, the rules, and the rule conditions. Which statement is FALSE about importing a match type with the same name as an existing match type?
- A. Objects that exist in the system but not in the import file are deleted.
- B. Objects from the import file overwrite objects with the same name in the system.
- C. Objects with the same name in the system as in the import file are not updated.
- D. New objects are created in the system from the objects in the import file if they do not exist.
Correct Answer: A 🗳️
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