1Z0-1087-26 practice question 8 of 10

In the Balance Explanations tab of the Prepaid Expenses reconciliation, you want to include the transactions and attachments from the prior period in the current period. Which action should you perform?

Answer options

A: In the Balance Explanations tab of the current period reconciliation, select ‘Copy Transactions from Prior Reconciliation’. Correct answer

B: In the profile for Prepaid Expenses reconciliations, select ‘Include Prior Period Transactions’.

C: In the Reconciliations list, copy the reconciliation from the prior period and paste it into the current period.

D: Export the transactions from the prior period reconciliation and then import them to the current period reconciliation.

Correct Answer:

A. In the Balance Explanations tab of the current period reconciliation, select ‘Copy Transactions from Prior Reconciliation’.

Explanation

In Oracle Account Reconciliation, preparers can carry forward explanatory transactions and their associated attachments from the previous period into the active reconciliation. On the Balance Explanations tab of the current period reconciliation, selecting 'Copy Transactions from Prior Reconciliation' automatically copies prior period transactions and attachments into the current period.

Why Incorrect

B. 'Include Prior Period Transactions' is not a valid profile setting for bringing forward explanatory items and attachments.
C. Reconciliations cannot be copied and pasted between periods directly within the Reconciliations list interface.
D. Exporting and importing transactions manually is inefficient and fails to carry over file attachments directly attached to transactions.

References

Oracle Help Center: Reconciling Accounts with Oracle Account Reconciliation

"Working with Balance Explanations

" Section: Copying Prior Period Transactions.

Oracle Cloud Documentation: Reconciling Accounts User Guide

"Managing Reconciliation Explanations and Attachments."

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