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Oracle 1z0-1087-23 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Account Reconciliation 2023 Implementation Professional |
| Exam Number: | 1Z0-1087-23 |
| Exam Duration: | 90 minutes |
| Passing Score: | 68% |
| Certificate Validity Period: | 3 years |
| Exam Price: | $245 USD |
| Real Exam Qty: | 60 |
| Exam Format: | Multiple Choice |
| Available Languages: | English |
| Related Certifications: | Oracle Enterprise Performance Management (EPM) Cloud Implementation Professional |
| Recommended Training: | Oracle Account Reconciliation 2023: Implementation Training |
| Exam Registration: | Oracle University Registration Pearson VUE Booking |
| Sample Questions: | Oracle 1z0-1087-23 Sample Questions |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended experience with Oracle EPM Cloud and Account Reconciliation implementation |
| Official Syllabus URL: | https://education.oracle.com/oracle-account-reconciliation-2023-implementation-professional/pexam_1Z0-1087-23 |
Oracle 1z0-1087-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Managing Reconciliations | 20% | - Use summary and group reconciliations - Manage period status and reconciliation lifecycle - Review, approve, reject and reopen reconciliations - Create different reconciliation types |
| Topic 2: Creating and Managing Rules | 15% | - Configure validation and alert rules - Add calculated attributes and filters - Apply rules to formats and profiles |
| Topic 3: Overview and Navigation | 10% | - Explain user roles and access control - Navigate the application interface - Describe reconciliation methods |
| Topic 4: Configuring Reconciliation Compliance | 25% | - Create and manage profiles - Set up calendars and periods - Define teams and workflow assignments - Create and manage formats |
| Topic 5: Loading and Managing Data | 15% | - Load balances and transactions - Use EPM Automate and REST APIs - Import via Data Management and Data Integration |
| Topic 6: Configuring Transaction Matching | 15% | - Create match types and data sources - Run auto-match and confirm results - Export adjustments and journals - Define matching rules and processes |
Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:
1. Which two statements are correct about deleting reconciliations? (Choose two.)
A) The reconciliation status must be Pending.
B) Only a Service Administrator or a Power User can delete a reconciliation.
C) The balances loaded for a period are not deleted when the reconciliation is deleted.
D) Only the preparer of the reconciliation can delete the reconciliation.
2. To which do you assign default currencies?
A) organizational units
B) formats
C) account ids
D) currency buckets
3. The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which
two are possible explanations? (Choose two.)
A) The data load for transactions was incomplete.
B) You do not have security access to all the transactions.
C) Currency exchanges rates are out of date.
D) Journal adjustments created were not posted.
4. In which location do you configure rules for reconciliation compliance transactions?
A) Match Type
B) Reconciliation
C) Format
D) Profile
5. Which two auto-reconciliation methods for reconciliations use the Account Analysis format?
A) Zero activity
B) Unexplained difference is zero
C) Balance is zero
D) No transactions
E) Balance is normal
Solutions:
| Question # 1 Answer: C,D | Question # 2 Answer: D | Question # 3 Answer: B,D | Question # 4 Answer: C | Question # 5 Answer: B,C |
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