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Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

1. 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 do not need to be created for periods.
D) They display in both the Reconciliations list and the Matching list.

2. The transaction matching period-end reconciliation displays an unexplained difference other than zero. Which
two are possible explanations? (Choose two.)

A) Currency exchanges rates are out of date.
B) The data load for transactions was incomplete.
C) Journal adjustments created were not posted.
D) You do not have security access to all the transactions.

3. A profile's properties have been modified and the changes saved. Which statement is correct?

A) Existing reconciliations that use the profile are not updated.
B) Existing reconciliations with Pending or Open With Preparer status that use the profile are updated with
the changes.
C) Existing reconciliations with Pending status that use the profile are updated with the changes.
D) Existing reconciliations that use the profile are updated after approval by a system administrator.

4. Which is NOT an attribute type for reconciliation compliance attributes?

A) Number
B) Yes/No
C) True/False
D) Location

5. Which statement is FALSE about the profile segments?

A) You cannot change the profile segments after you have loaded profiles.
B) The profile segments control the mapping of balances to reconciliations.
C) The profile segments are configured as part of the system attributes,
D) The profile segments specify the level at which the organization reconcile account balances.

Solutions: