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Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

1. Which statement is FALSE about reconciliations that use the Transaction Matching Only reconciliation
method?

A) They do not need to be created for periods.
B) They do not participate in period-end compliance workflow.
C) They display in both the Reconciliations list and the Matching list.
D) You must create profiles for them.

2. Which two options indicate the minimum and respectively the maximum number of currency buckets you can
enable? (Choose two.)

A) two
B) three
C) four
D) one

3. Which statement is FALSE of teams?

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

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

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

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

Solutions: