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Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

1. What happens to a reconciliation if a team member who prepared the reconciliation is deleted from the team at
a later point of time?

A) Changes made by the deleted member are reverted and the deleted member is removed from the
reconciliation as preparer.
B) The reconciliation is flagged as invalid and needs to be re-created by the administrator.
C) Changes made by the deleted member are reassigned to the primary member of the team for review and
approval,
D) Changes made by the deleted member are kept intact and the deleted member still appears as the original preparer.

2. What results if you load balances using Data Management to a period to which you previously imported pre-
mapped balances?

A) The reconciliation takes the balances loaded through Data Management and the pre-mapped balance load, and totals them.
B) The balances loaded through Data Management overwrite the pre-mapped balances.
C) You are prompted whether to overwrite the pre-mapped balances.
D) The Data Management data load fails.

3. The objects within the match type refer to data sources, the data source attributes, the match processes, the
rules, and the rule conditions. Which statement is FALSE about importing a match type with the same name as
an existing match type?

A) New objects are created in the system from the objects in the import file if they do not exist.
B) Objects from the import file overwrite objects with the same name in the system.
C) Objects with the same name in the system as in the import file are not updated.
D) Objects that exist in the system but not in the import file are deleted.

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

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

5. Which statement is FALSE of teams?

A) A user can belong to more than one team.
B) Teams can be assigned a primary user.
C) Teams are assigned to profiles on the Workflow tab.
D) A team can have another team as a member.

Solutions: