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Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

1. Which statement is true regarding the Normal Balance attribute in a profile?

A) It is assigned automatically based on the account type.
B) When it is selected, reconciliations display a warning if their balance is zero.
C) Reconciliations display a warning if the balance type is other than expected.
D) Preparers cannot save a reconciliation if the balance type is other than expected.

2. Which is NOT a step in configuring journals in Transaction Matching?

A) create journal templates
B) map journal columns to data source attribute columns
C) create journal columns
D) define data source filters

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

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

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

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

5. In which location do you configure rules for reconciliation compliance transactions?

A) Match Type
B) Profile
C) Format
D) Reconciliation

Solutions: