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Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

1. Which statement is always true of data loads from Data Management?

A) If there is no change in the balance, the reconciliation is not updated.
B) You must select either Actual or Budget as the scenario for the data.
C) Only users with the administrator role can run data loads.
D) You cannot load data into reconciliations with a status of Closed.

2. Which two auto-reconciliation methods for reconciliations use the Account Analysis format?

A) Zero activity
B) Unexplained difference is zero
C) Balance is normal
D) No transactions
E) Balance is zero

3. Which is NOT a step in the process for reconciliation compliance?

A) prepare reconciliations
B) execute automation like Automatic Recon and Rules
C) confirm suggested matches
D) load balances

4. Which transaction matching method is used to match the transactions between two systems if period-end
reconciliation is not the objective?

A) Variance Analysis with Transaction Matching
B) Account Analysis with Transaction Matching
C) Balance Comparison with Transaction Matching
D) Transaction Matching Only

5. You want to require that preparers answer a question certifying that they followed the company accounting
policies in preparing the reconciliation.
Where do you add the questions?

A) to the profile
B) to the match type
C) to the reconciliation
D) to the format

Solutions: