1z0-1087-20 Oracle Account Reconciliation 2020 Implementation Essentials Exam

 

Exam Number: 1Z0-1087-20
Format: Multiple Choice
Duration: 85 Minutes
Exam Price: Rs.36,887
Number of Questions: 60
Passing Score: 68%
Validation: Exam has been validated against Oracle Account Reconciliation 20.10
Policy: Cloud Recertification

Earn associated certifications
Passing this exam is required to earn these certifications. Select each certification title below to view full requirements.

Complete one of the courses below to prepare for your exam (optional):
In the subscription: Oracle EPM Cloud Learning Subscription

Additional Preparation and Information
A combination of Oracle training and hands-on experience (attained via labs and/or field experience) provides the best preparation for passing the exam.

Note:

Cloud technology is ever-evolving. Oracle updates exam content regularly, to align with product updates and certification standards. Check exam topics before sitting for your exam to ensure that you are prepared for any updated content.

Solution Overview
Describe Rec Compliance and Transaction Matching
Explain Processes for Reconciliation Compliance (5 step process)
Describe Reconciliation Methods (Balance Comparison, Account Analysis, Variance Analysis, Balance Comparison with Transaction Matching, Account Analysis with Transaction Matching, and Transaction Matching Only)
Describe user roles (Administrator, Power User, User, Viewer)
Navigate the system (Filter, Sort, Select Columns, and Review a Reconciliation)

Configuring Reconciliation Compliance
Create Formats
Modify Formats
Create Profiles (Manual entry, copy & paste, delete, export and import)
Modify Profiles (ex: change threshold)
Import and Export Teams

Managing Reconciliations
Describe Individual, Group, and Summary Reconciliations
Create and delete Reconciliations
Manage Period Status
Transfer reconciliations between users
Review, Approve, Reject, and Reopen reconciliations

Loading Data
Describe methods of loading data
Load manual Pre-mapped data
Import Data Using Data Management
Set up EPM Automate to load Pre-mapped to DM or AR
Configure API call Pre-mapped to DM or AR

Creating and Managing Rules
Add calculated attributes and filters
Describe the Types of Rules
Add Rules to Formats and Profiles
Publish Filters

Configuring Transaction Matching
Create Match Types (Data Sources, Attributes, Transaction Types)
Configure Match Processes (including matching rules)
Create Formats and Profiles for Transaction Matching reconciliations
Export and Import Match Types
Import Transactions to Data Sources

Perform Transaction Matching
Explain Transaction Matching Processes – Load data, run Auto Match, Confirm Suggested Matches, Create Manual Matches
Identify Use Cases – Clearing or Accrual Reconciliations, Reconciling Debits and Credits
Export adjustments or transactions as journal entries

Analyzing Transaction Matches in Reports
Describe 5 balancing scenarios (Golden Rules)
Review TM Balancing Report

Setting Up the System
Discuss Profile Segments
Define Currency Rates and Currency Buckets
Set Up Organization Units
Set Up Calendars
Configure Periods
Set Up Teams

QUESTION 1
From which two dates defined in the period can you schedule reconciliations? (Choose two.)

A. end date
B. prior period end date
C. close date
D. start date

Correct Answer: AC

QUESTION 2
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. You cannot load data into reconciliations with a status of Closed.
C. Only users with the administrator role can run data loads.
D. If there is no change in the balance, the reconciliation is not updated.

Correct Answer: A

QUESTION 3
Which keyword in a Teams import file identifies the section with the team members?

A. #team_children
B. #team
C. #team_items
D. #dependents

Correct Answer: B
 

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Slack Certified Admin Exam

 

For Slack admins at organizations of all sizes, you're in the right place to learn and prove your skills.

Overview
If you have experience with Slack’s admin capabilities and what it takes to create an effective experience for your team, then becoming a ​Slack Certified Admin​ will let you put your skills to the test and share your credentials.

By getting certified, you’ll be able to show the world that you have knowledge of Slack’s features ​and​ how to use them to build a simpler, more pleasant and more productive experience for your team. Once you pass this exam, you will officially be a Slack Certified Admin for 18 months!

You'll be able to show off your credential to others in your organization or in the wider community of people managing and driving organizational change with Slack.

Qualifications
To be a Slack Certified Admin, you must demonstrate the knowledge and skills necessary to implement, configure and manage Slack. You should be comfortable recommending policies, settings, features and thought leadership for use cases on all paid Slack plans, including Standard, Plus and Enterprise Grid. We recommend that you have at least six to twelve months of real-world experience as a Slack admin as well as experience working in the admin console.

This program is designed to build skills and verify proficiency for Slack admins. We recommend that you already have a moderate level of familiarity with:
Admin roles
Slack architecture
User provisioning
Settings and policies
Channel structure
App approval processes
Data security
Process design
How to drive adoption for your team

For those with less experience, or for anyone who wants to build these skills in preparation for the exam, we recommend you take the Slack Certified Admin Prep Course. This course will help you gain the skills needed to pass the exam.

About the exam
Exam format: 60 Multiple choice questions
Time allotted: 90 Minutes
Passing score: 65%
Exam Registration fee: USD $150 (also available as a $300 package with the Slack Certified Admin Prep Course)
Exam delivery method: Online proctored
Prerequisites: While there are no prerequisites, we recommend that you take the Slack Certified Admin Prep Course to prepare for the exam.
Language: English

NOTE: To access the online prep course and the certification exam you will be required to submit payment. The above cost covers the registration fee, access to online training content for six months, access to the online prep course, the certification exam, plus one additional exam attempt if you fail the first time, and a digital credential once you successfully pass the exam.

QUESTION 1
Big Corp uses an IdP (Identity Provider) to manage access for its members to its Plus plan on Slack. Their security team wants to make sure members will be automatically deactivated when they leave the company.
Which of the following must be true to ensure that members are automatically deactivated?

A. Each member’s access must be set to expire after 90 days.
B. The member must not be a Workspace Admin or Owner.
C. The member who is leaving the company must have left all channels.
D. The IdP must support deprovisioning via SCIM.

Correct Answer: B

QUESTION 2
What would be the expected behavior if a team member in Enterprise Grid is added to an IdP (Identity Provider) group with auto-provisioning enabled to a workspace?

A. The member would be automatically added to the new workspace and would be unable to leave.
B. The member would be notified that they have a new workspace that they can join and would be unable to dismiss it until they have joined the workspace.
C. There will be no changes to the member’s workspace list.
D. The member would be automatically added to the new workspace unless it is a hidden workspace.

Correct Answer: D

QUESTION 3
Which of the following statements describes the effect of configuring mandatory Two Factor authentication (2FA) in Slack?

A. Members must have a sophisticated and complex password that is updated regularly.
B. Members must use a biometric reader to authenticate with Slack.
C. Members use single sign-on (SSO) to handle the exchange of usernames and passwords on behalf of Slack.
D. Members must submit a verification code along with their password each time they sign in.

Correct Answer: D

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