Oracle Exam 1z0-1107-2 Topic 5 Question 26 Discussion

Actual exam question for Oracle's 1z0-1107-2 exam

Question #: 26
Topic #: 5

Your organization has decided to use the automatic reconciliation feature to reconcile bank statement lines with system transactions. Which three components will be useful for the auto-matic reconciliation of bank statements with system transactions? (Choose three.)

ATransaction Grouping Rules

BTolerance Rules

CMatching Rules

DParse Rule Set

ETransfer Rules

Show Suggested Answer

Suggested Answer: A, B, C

These are three components that will be useful for the automatic reconciliation of bank statements with system transactions. Automatic reconciliation is a feature that enables you to reconcile bank statement lines with system transactions without manual intervention.You can use various components to define the criteria and conditions for automatic reconciliation1. Some of these components are:

Transaction Grouping Rules: These are rules that determine how system transactions are grouped together for reconciliation purposes. You can group transactions by attributes, such as bank account, currency, transaction type, or payment method.

Tolerance Rules: These are rules that define the acceptable differences between bank statement lines and system transactions for reconciliation purposes. You can define tolerances by amount or percentage, and by bank account or currency.

Matching Rules: These are rules that specify how bank statement lines and system transactions are matched for reconciliation purposes. You can match transactions by attributes, such as transaction number, amount, date, or reference number.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1

by Novella at Aug 05, 2024, 03:37 AM

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Chaya

3 months ago

I believe Tolerance Rules play a crucial role in ensuring accurate reconciliation.

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Berry

3 months ago

I agree, Matching Rules are also important for automatic reconciliation.

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Edna

3 months ago

I think Transaction Grouping Rules would be useful.

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Cordie

3 months ago

I believe Tolerance Rules play a crucial role in this process as well.

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Diane

3 months ago

I agree, Matching Rules are also important for automatic reconciliation.

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Mable

3 months ago

I think Transaction Grouping Rules would be useful.

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Izetta

4 months ago

Ah, the age-old question: how to reconcile bank statements with system transactions. I'm picturing a banker doing a little dance with a calculator, so I'm going with Matching Rules, Transfer Rules, and Parse Rule Set.

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Miesha

3 months ago

Transaction Grouping Rules, Tolerance Rules, and Matching Rules are also important for automatic reconciliation.

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Justine

3 months ago

I agree, those three components are essential for ensuring accurate reconciliation between bank statements and system transactions.

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Miesha

3 months ago

I agree, those components play a crucial role in reconciling bank statements with system transactions.

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Miesha

3 months ago

Matching Rules, Transfer Rules, and Parse Rule Set are essential for automatic reconciliation.

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James

4 months ago

I think Transaction Grouping Rules, Matching Rules, and Tolerance Rules are the key components for automatic reconciliation.

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Freeman

4 months ago

Transfer Rules? Really? I think you're just trying to throw us off. I'm sticking with Transaction Grouping Rules, Tolerance Rules, and Matching Rules.

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Lai

4 months ago

Hmm, I'm pretty sure the answer has to do with reconciling bank statements, so I'm going to go with Tolerance Rules, Matching Rules, and Parse Rule Set.

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Pearlene

4 months ago

Ooh, this is a tricky one. I'm going to guess Transaction Grouping Rules, Matching Rules, and Transfer Rules.

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Ronald

3 months ago

Don't forget about Tolerance Rules, they play a crucial role in the process as well.

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Lezlie

3 months ago

I agree, those three components are essential for automatic reconciliation.

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Leanora

3 months ago

I think Transaction Grouping Rules, Matching Rules, and Transfer Rules are the key components.

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Leanora

4 months ago

Transaction Grouping Rules, Tolerance Rules, and Matching Rules seem like the obvious choices here. I'm going to go with those.

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Cornell

4 months ago

I'm not sure about Parse Rule Set and Transfer Rules, but Transaction Grouping Rules, Tolerance Rules, and Matching Rules are definitely key components.

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