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Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

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

A) No preparer is assigned on the Workflow tab.
B) No currency buckets are enabled.
C) Aging limits have not been specified.
D) The Normal Balance setting does not match the account type.

2. 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 can import from either tab separated or comma separated files.
D) You must select a currency bucket for the import.

3. When would you use the Variance Analysis reconciliation method?

A) To reconcile the same balance across general ledgers that follow different governing rules.
B) To explain the difference in balances from the standards set by an organization in its budget.
C) To justify each detail line of the total balance for the period.
D) To explain the difference in balances within the same account over different periods.

4. Which two are tasks that can be performed using EPM Automate? (Choose two.)

A) import premapped data
B) set period status
C) export journals
D) export balances

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

A) variance analysis for current and prior period balances
B) intercompany matching
C) matching bank and point-of-sale transactions
D) matching credits and debits for a clearing account

Solutions: