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Oracle Account Reconciliation 2023 Implementation Professional Sample Questions:

1. 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) In the Instructions tab of the profile, add instructions for all team members to review the reconciliation.
B) On the Workflow tab of the Profile, select All Reviewers in the Require Action By field.
C) Do not select a Primary User for the Account Payable Reviewers team.
D) Add a rule of the type Require Team Review to the Rules tab.

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

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

3. Which is the minimum user security role required to edit profiles?

A) User
B) Service Administrator
C) Viewer
D) Power User

4. Which statement regarding user-defined attributes is FALSE?

A) You can assign access by user role.
B) They can include calculated values.
C) You can no longer add/edit attributes after reconciliations are created.
D) They can be assigned default value.

5. Which statement is FALSE of teams?

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

Solutions: