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Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

1. You want the holidays to be skipped when scheduling due dates for reconciliations for an organizational unit.
What should you do?

A) Create a calendar and assign it to the organizational unit.
B) Edit the due date in the reconciliations for the organizational unit.
C) Create a holiday rule and assign it to the organizational unit.
D) Add a rule to the Rules tab of the profiles for the reconciliations.

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

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

3. Which rule runs during the post-processing of data loads?

A) Auto Submit Reconciliation
B) Send Email On Update
C) Copy Transactions
D) Auto Match Transactions
E) Create Reconciliations

4. Which property of profiles is set automatically when you select the format for the profile?

A) Process
B) Account Type
C) Method
D) Normal Balance

5. Which statement is true for profiles that have a Quarterly frequency selected?

A) You cannot create reconciliations for profiles with transaction matching reconciliation methods for
quarterly periods.
B) You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.
C) They must be assigned a quarterly calendar.
D) The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.

Solutions: