1Z0-1087-26 practice question 7 of 10

Which statement is FALSE about reconciliations when the period is Closed?

Full set: 79 questions
Answer options
A: Preparers can submit reconciliations with Open status. Correct answer
B: Reviewers can approve reconciliations under review.
C: Reconciliations with Pending status can start.
D: You can load data to reconciliations for the period.
Correct Answer:
A. Preparers can submit reconciliations with Open status.
Explanation

When a period status is changed to Closed in Oracle Account Reconciliation, workflow actions for preparers are locked. Preparers are explicitly prevented from submitting reconciliations with Open status during a Closed period. However, reviewers can still approve reconciliations that were submitted prior to closing the period.

Why Incorrect

B. This statement is true because reviewers retain permission to review and approve reconciliations submitted before period closure.
C. This statement is true because system execution and balance updates can trigger pending reconciliations to start.
D. This statement is true because administrators can perform authorized data loads into a closed period if required.

References

- Oracle Fusion Cloud EPM

Administering Account Reconciliation

Section: "Managing Periods"

Subsection: "Period Statuses".

- Oracle Fusion Cloud EPM

Reconciling Accounts with Account Reconciliation

Section: "Understanding Reconciliation Workflow Statuses".

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