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Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

1. 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) A team can have another team as a member.
D) Teams are assigned to profiles on the Workflow tab.

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

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

3. When would you use the Variance Analysis reconciliation method?

A) To justify each detail line of the total balance for the period.
B) To explain the difference in balances from the standards set by an organization in its budget.
C) To explain the difference in balances within the same account over different periods.
D) To reconcile the same balance across general ledgers that follow different governing rules.

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

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

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

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

Solutions: