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Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

1. Which statement is always true of data loads from Data Management?

A) If there is no change in the balance, the reconciliation is not updated.
B) Only users with the administrator role can run data loads.
C) You must select either Actual or Budget as the scenario for the data.
D) You cannot load data into reconciliations with a status of Closed.

2. Which statement regarding user-defined attributes is FALSE?

A) They can include calculated values.
B) You can assign access by user role.
C) They can be assigned default value.
D) You can no longer add/edit attributes after reconciliations are created.

3. Which two are auto-reconciliation methods? (Choose two.)

A) Balance Match (%tolerance)
B) No Data
C) Balance is zero and no activity
D) Balance has not changed

4. Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation
method?

A) You must create profiles for them.
B) They do not participate in period-end compliance workflow.
C) They display in both the Reconciliations list and the Matching list.
D) They do not need to be created for periods.

5. Which reconciliation method is appropriate for a prepaid insurance reconciliation that explains the current
month balance?

A) Transaction Matching
B) Variance Analysis
C) Account Analysis
D) Balance Comparison

Solutions: