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Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

1. Which statement is FALSE about the review process in reconciliation compliance?

A) You can assign backup reviewers.
B) You can have up to seven levels of review.
C) Reviewers are sent notifications.
D) You can assign a team as reviewer.

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

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

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

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

4. What happens when you load balances to a reconciliation with the status Closed or Open With Reviewer and
the balance is different than what was already Certified?

A) The status is unchanged but a notification is sent to the related users.
B) The status reverts to Pending.
C) The status reverts to Open with Preparer.
D) The import fails.

5. For which scenario could a match type with a single data source be appropriate?

A) variance analysis for current and prior period balances
B) matching bank and point-of-sale transactions
C) intercompany matching
D) matching credits and debits for a clearing account

Solutions: