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NEW QUESTION 36
What happens when you select the Key option for a data source attribute?
- A. Values are required for the attribute.
- B. Transactions are sorted by the attribute.
- C. Transactions with the same key attributes cannot be loaded.
- D. The attribute is hidden from users.
Answer: A
NEW QUESTION 37
Which statement regarding user-defined attributes is FALSE?
- A. You can assign access by user role.
- B. They can be assigned default value.
- C. They can include calculated values.
- D. You can no longer add/edit attributes after reconciliations are created.
Answer: D
NEW QUESTION 38
Which statement is FALSE of teams?
- A. A team can have another team as a member.
- B. A user can belong to more than one team.
- C. Teams are assigned to profiles on the Workflow tab.
- D. Teams can be assigned a primary user.
Answer: C
NEW QUESTION 39
When can you run auto-matching for a transaction matching reconciliation?
- A. after the reconciliation status changes to Open With Preparer
- B. after you load transactions to the reconciliation data sources
- C. after the period end date is reached
- D. after the reconciliation meets its start date
Answer: B
NEW QUESTION 40
Which two statements are correct about deleting reconciliations? (Choose two.)
- A. Only a Service Administrator or a Power User can delete a reconciliation.
- B. Only the preparer of the reconciliation can delete the reconciliation.
- C. The balances loaded for a period are not deleted when the reconciliation is deleted.
- D. The reconciliation status must be Pending.
Answer: B,C
NEW QUESTION 41
Which statement is true regarding the Normal Balance attribute in a profile?
- A. When it is selected, reconciliations display a warning if their balance is zero.
- B. Preparers cannot save a reconciliation if the balance type is other than expected.
- C. It is assigned automatically based on the account type.
- D. Reconciliations display a warning if the balance type is other than expected.
Answer: D
NEW QUESTION 42
Which reconciliation method is appropriate for a prepaid insurance reconciliation that explains the current month balance?
- A. Account Analysis
- B. Balance Comparison
- C. Transaction Matching
- D. Variance Analysis
Answer: B
NEW QUESTION 43
Which statement is true for profiles that have a Quarterly frequency selected?
- A. They must be assigned a quarterly calendar.
- B. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.
- C. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.
- D. You cannot create reconciliations for profiles with transaction matching reconciliation methods for quarterly periods.
Answer: C
Explanation:
Explanation
You begin the reconciliation process for each period by creating reconciliations. You can create reconciliations for all account profiles, or for a filtered list of profiles. The profile frequency, such as monthly or quarterly, must match the period frequency.
NEW QUESTION 44
In a reconciliation profile, the Account Payable Reviewers team is assigned as the reviewer, and you want to require that ALL team members approve the reconciliation.
Which action should you perform?
- A. Add a rule of the type Require Team Review to the Rules tab.
- B. Do not select a Primary User for the Account Payable Reviewers team.
- C. On the Workflow tab of the Profile, select All Reviewers in the Require Action By field.
- D. In the Instructions tab of the profile, add instructions for all team members to review the reconciliation.
Answer: C
NEW QUESTION 45
Which is the minimum user security role required to edit profiles?
- A. Viewer
- B. Power User
- C. Service Administrator
- D. User
Answer: D
NEW QUESTION 46
You are creating a matching rule, and you want transactions that are within the specified tolerance range to be matched automatically, with no need for further user review.
Which option should you choose for the Match Status?
- A. Suggested
- B. Auto Approve
- C. Confirmed
- D. Auto Submit
Answer: B
NEW QUESTION 47
Which two conditions can make a profile invalid? (Choose two.)
- A. The Normal Balance setting does not match the account type.
- B. Aging limits have not been specified.
- C. No preparer is assigned on the Workflow tab.
- D. No currency buckets are enabled.
Answer: A,C
NEW QUESTION 48
In the Balance Explanations tab of the Prepaid Expenses reconciliation, you want to include the transactions and attachments from the prior period in the current period.
Which action should you perform?
- A. In the Balance Explanations tab of the current period reconciliation, select 'Copy Transactions from Prior Reconciliation'.
- B. In the profile for Prepaid Expenses reconciliations, select 'Include Prior Period Transactions'.
- C. In the Reconciliations list, copy the reconciliation from the prior period and paste it into the current period.
- D. Export the transactions from the prior period reconciliation and then import them to the current period reconciliation.
Answer: B
NEW QUESTION 49
From which two dates defined in the period can you schedule reconciliations? (Choose two.)
- A. prior period end date
- B. start date
- C. close date
- D. end date
Answer: C,D
NEW QUESTION 50
Where can a service administrator navigate to view, by user, how many reconciliations were completed on time, how many are late, and how many were rejected?
- A. Worklist
- B. Overview Dashboard
- C. Reconciliations List
- D. Compliance Dashboard
Answer: D
NEW QUESTION 51
Which two statements are true about Group reconciliations? (Choose two.)
- A. The Group Detail tab shows data for the group reconciliation sub segments.
- B. You can import balances into periods as pre-mapped data.
- C. You cannot use Data Management to import balances for group reconciliations.
- D. The format for the reconciliation must be enabled for Group Reconciliation.
- E. Group reconciliations include other individual reconciliations as children.
Answer: B,D
NEW QUESTION 52
Which statement is always true of data loads from Data Management?
- A. You must select either Actual or Budget as the scenario for the data.
- B. If there is no change in the balance, the reconciliation is not updated.
- C. You cannot load data into reconciliations with a status of Closed.
- D. Only users with the administrator role can run data loads.
Answer: A
NEW QUESTION 53
For which scenario could a match type with a single data source be appropriate?
- A. matching bank and point-of-sale transactions
- B. matching credits and debits for a clearing account
- C. variance analysis for current and prior period balances
- D. intercompany matching
Answer: B
NEW QUESTION 54
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