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Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:
1. Which statement is true for profiles that have a Quarterly frequency selected?
A) You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.
B) You cannot create reconciliations for profiles with transaction matching reconciliation methods for
quarterly periods.
C) The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.
D) They must be assigned a quarterly calendar.
2. Which statement about loading pre-mapped balances is FALSE?
A) You can import from either tab separated or comma separated files.
B) You must select a period to which to load the balances.
C) You must select a currency bucket for the import.
D) You can drill back to the ERP from the reconciliation screen.
3. Which statement is true regarding the Normal Balance attribute in a profile?
A) It is assigned automatically based on the account type.
B) Reconciliations display a warning if the balance type is other than expected.
C) Preparers cannot save a reconciliation if the balance type is other than expected.
D) When it is selected, reconciliations display a warning if their balance is zero.
4. 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) Select a format with the Variance Analysis reconciliation method for 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) Create a calculated attribute to compare the prior period balance to the current period balance and add it to the profile.
5. Where do you navigate to configure power users access to profiles?
A) under Application, select Configuration, and then System Settings
B) under Application, select Profiles
C) under Tools, select Access Control, then Power User Security
D) under Application, select Configuration, and then Profile Segments
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A |
By Maria
