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Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

1. Which statement is FALSE about calendars?

A) Calendars set the dates and frequencies for each period.
B) Calendars are associated with periods and organizational units.
C) An organizational unit can be assigned many calendars to enable reconciliations for different financial
dates.
D) One period may have many calendars to reflect different date configurations for the period.

2. Which two rule types are available in profiles? (Choose two.)

A) Flag As Needs Attention
B) Require Reconciliation Attachment
C) Copy Transactions from Prior Reconciliation
D) Delete Reconciliation
E) Auto Approve Reconciliation

3. Which two statements are correct about deleting reconciliations? (Choose two.)

A) Only a Service Administrator or a Power User can delete a reconciliation.
B) The balances loaded for a period are not deleted when the reconciliation is deleted.
C) The reconciliation status must be Pending.
D) Only the preparer of the reconciliation can delete the reconciliation.

4. Which two are matching rule types?

A) One to One
B) Suggested Match
C) Adjustment
D) Matches with Tolerance
E) Matches Exactly

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

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

Solutions: