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Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

1. Which two statements are true about importing and exporting match types? (Choose two.)

A) Match types are exported to comma-separated (CSV) files.
B) Import can update match types with Approved status only.
C) Import can update match types with Pending status only.
D) Match types are exported to a .zip folder.

2. An error occurs during an import transactions job for a match type. What is the result of the job?

A) Successfully imported transactions are committed to the system, failed transactions are logged, and the
job status is set to Completed with Errors.
B) The transactions are not imported, the match type is locked, and the job status it set to Failed and Locked.
C) The entire import is rolled back, and the job status is set to Failed.
D) The job deletes all match type transactions, and the job status is set to Failed and Deleted,

3. Which three types of reconciliations are suitable for the Transaction Matching feature? (Choose three.)

A) reconciliations that have amortizing transactions
B) reconciliations with 2 or more data sources, like a cash or accounts receivable account
C) reconciliations with a single data source, like a clearing account
D) accounts with high volumes of data
E) reconciliations that are typically zero balance accounts with low activity

4. Which statement is FALSE about reconciliations when the period is Closed?

A) Reviewers can approve reconciliations under review.
B) Reconciliations with Pending status can start.
C) Preparers can submit reconciliations with Open status.
D) You can load data to reconciliations for the period.

5. Which is true when you reopen a reconciliation?

A) It reopens to the last reviewer.
B) It reopens to the service administrator.
C) It reopens to the preparer.
D) You select the role to which it reopens to.

Solutions: