[UPDATED] Oracle 1z0-1055-22 Certification Exam Questions
Quickly and Easily Pass Oracle Exam with 1z0-1055-22 real Dumps
NEW QUESTION 57
You have created an approval rule as follows:
Rule 1: If the invoice amount > $1000, route it to User 1.
Rule 2: If the invoice amount < $1000, auto approve it.
Now, the user creates an invoice for $1000 and routes it for approval.
What will happen?
- A. Invoice will be auto-approved.
- B. Invoice will be sent to User 1 for approval.
- C. The initiate option is greyed out for the invoice.
- D. The workflow will fail once approval is initiated.
Answer: D
NEW QUESTION 58
You want your expense auditors to audit only expense reports for specific business units. How do you do this?
- A. Make auditors the managers of the corresponding business unit to route expense reports properly.
- B. Assign the expense auditors job role and business unit security context and value to the user.
- C. Create your own audit extension rules that correspond to the business unit.
- D. Create a custom duty role and assign the data roles to each auditor.
Answer: B
NEW QUESTION 59
What are the output formats supported for Electronic and Check format programs?
- A. Electronic output format of Text, Check output format of Text
- B. Electronic output format of eText, Check output format of rtf
- C. Electronic output format of DATA (csv), Check output format of Zipped PDFs
- D. Electronic output format of PDF, Check output format of PDF
- E. Electronic output format of XML, Check output format of rtf
Answer: B
Explanation:
The eText template is used specifically for electronic data interchange (EDI) and electronic funds transfer(EFT).
References: https://docs.oracle.com/cd/E56614_01/common_op/OAEXT/F1203011AN1CABC.htm
NEW QUESTION 60
You have enabled Payment Approval for your payment process requests (PPR).
At what stage of the PPR is the payment approval process automatically triggered?
- A. Create Payment Files
- B. Build Payments
- C. Review Proposed Payments
- D. Review Installments
Answer: A
NEW QUESTION 61
Your client wants the subledger journal entry description to be transferred to general ledger.
Which two could be used to enable this? (Choose two.)
- A. Set the General Ledger Journal Entry Summarization option to Group by general ledger period
- B. Set the General Ledger Journal Entry Summarization option to Summarize by general ledger period
- C. Set the General Ledger Journal Entry Summarization option to Group by general ledger date
- D. Set the General Ledger Journal Entry Summarization option to Summarize by general ledger date
Answer: B,D
NEW QUESTION 62
Which two tools can you use to build layouts for BI Publisher reports? (Choose two.)
- A. Report Developer
- B. BI Composer
- C. Layout Editor
- D. Template Builder for Word
- E. BI Answers
Answer: A,C
Explanation:
Oracle BI Publisher report development requires specialist developer resources to build / modify the XML layout designs.
layout editor - Helps you to easily create report layouts directly in a web browser or with familiar desktop tools, such as Microsoft Word, Microsoft Excel, or Adobe Acrobat.
Reference:
https://dataterrain.com/advantages-of-oracle-bi-publisher/
NEW QUESTION 63
Your company policy requires imaged receipts for expense reports.
Which two statements are true about the association of a receipt to an expense report? (Choose two.)
- A. Employees are not reimbursed for expense report expenditures until missing or overdue imaged receipts are submitted.
- B. Receipts are not required if the expense item falls within Per Diem Rates.
- C. An expense report may require original, imaged, or both types of receipts.
- D. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
Answer: C,D
NEW QUESTION 64
During your business trip to the UK, you took a taxi ride and paid for it by using your personal Visa credit card. While entering your expenses, you get a warning that a different conversion rate was applied to the taxi expense by Visa that the one used by your company.
How do you handle this situation?
- A. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate.
- B. Do not enter the taxi expense and call your Finance Department so that they can make changes in the conversion rate settings and you do not violate the allowable limit.
- C. Use the corporate-defined conversion rate even if it means you will not be reimbursed fully.
- D. Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then, wait to get a revised statement.
Answer: A
Explanation:
Payables uses five types of exchange rates. Payables uses exchange rates to convert invoice and payment amounts into your ledger currency.
* User. Used to manually enter your own exchange rate during invoiceentry or at payment time. If you use the User exchange rate type, if the Payables option Calculate User Exchange Rate is enabled, and if you are using the Invoices window or the open interface table, then Payables calculates the invoice exchange rate if you provide the Ledger Currency amount.
Etc.
References:https://docs.oracle.com/cd/E18727_01/doc.121/e12797/T295436T368341.htm
NEW QUESTION 65
You have a high volume of invoices to enter that have similar lines and do not require extensive validation. What must you do if you want to group multiple invoices in a batch during spreadsheet entry?
- A. Make sure all the invoice dates are the same.
- B. Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.
- C. Make sure the Invoice Number is the same.
- D. Enter a value in the Invoice Group field to group similar invoices into a batch.
- E. Assign the same Invoice Header Identifier to multiple invoices you want to group.
Answer: B
Explanation:
What's an invoice group?
A collection of invoices that is used as a parameter for the Validate Payables Invoice process, a selection criteria for submitting a payment process request, and a parameter in some reports. If you enable the invoice option Require invoice grouping, you must associate each invoice with an invoice group.
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAPPP/F1011878AN100C4.htm
NEW QUESTION 66
Your company policy requires that receipts be attached to expense report items before reimbursement can be made.
Which two statements are true about the association of a receipt to an expense report? (Choose two.)
- A. Receipts are not required if the expense item falls within Per Diem Rates.
- B. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
- C. An expense report may require original, imaged, or both types of receipts.
- D. Expenses do not create payment requests for expense reports that have missing or overdue receipts.
Answer: C,D
Explanation:
Your company periodically schedules and runs the Generate Overdue and Missing Receipts Notification process that generates overdue receipt notifications.
If receipts are overdue and setup requires that the individual be notified, then Expenses automatically sends a notification to the individual to inform him that receipts are overdue.
An expense report may require original, imaged, or both types of receipts.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm
NEW QUESTION 67
The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct? (Choose three.)
- A. Any realized gain or loss previously calculated is reversed.
- B. All related interest invoices are reversed if previously created.
- C. All related withholding tax invoices are automatically voided.
- D. Any previous accounting and payment records for an invoice are reversed.
- E. Voiding the payment automatically places an invoice on hold.
Answer: A,B,D
Explanation:
D: When you void a payment, Payables automatically reverses the accounting and
payment records so your general ledger will have the correct information, and so the status of the
paid invoices is reset to Unpaid. Payables also reverses any realized gains or losses on foreign
currency invoices recorded as paid by the payment.
B: If you withhold taxes at payment time and you void a payment that paid an invoice with an
associated withholding tax invoice, then Payables automatically creates a negative (reversing)
invoice for the tax authority supplier to offset the amount of the tax withholding invoice. You
determine when you withhold taxes by selecting the Apply Withholding Tax option in the Payables Options page.
References: Oracle Payables User's Guide, Voiding Payments Using the Payments Window
NEW QUESTION 68
You have modified your tax setup and want to test the changes on actual Payables transactions. How do you validate before enabling for transaction?
- A. Oracle Transactional Business Intelligence (OTBI)
- B. by creating a payable invoice, and by validating and reviewing the tax application
- C. by changing the tax status to test and then entering a payables invoice
- D. by creating accounting in draft mode
- E. by using Tax Simulator to test
Answer: E
Explanation:
Run taxes from all applicable tax regimes against a sample transaction to verify that your tax configuration and tax rules were created and applied according to yourrequirements. You can either create a sample transaction within Tax Simulator or copy an existing transaction. The simulated tax calculations do not affect live data.
Note:The Tax Simulator is a tool for simulating the tax determination process in your tax setup. The Tax Simulator lets you preview the workings of your tax configuration before you perform tax calculations on live transactions in a subledger application. TheTax Simulator also allows you to test new tax configuration in conjunction with existing tax configuration to preview the resulting tax calculation. The Tax Simulator is a useful tool to identify the root cause when tax calculation is not what is expectedon live data.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAFTT/F1006654AN226D8.htm
NEW QUESTION 69
Which reporting tool is used to report on real-time data?
- A. Oracle Transactional Business Intelligence (OTBI)
- B. Oracle Business Intelligence Publisher
- C. Essbase Cube
- D. Smart View
- E. Oracle Financial Reporting Studio
Answer: A
NEW QUESTION 70
Which reports can show you differences between your subledger balances and general ledger balances to help you reconcile quickly?
- A. Payables Aging reports with the General Ledger Trial Balance report
- B. Payables Trial Balance and General Ledger Trial Balance reports
- C. General Ledger Financial Statements and the Accounts Payable and Invoice Registers
- D. Payables to Ledger Reconciliation report
Answer: B
Explanation:
Payables Trial Balance Report lists and subtotals by supplier and liability account all unpaid and partially paid invoices thatPayables transferred to the general ledger. Accounts Payable Trial Balance Report helps to verify that total accounts payable liabilities in Payables equal to those in the Fusion General Ledger.
References:
http://apps2fusion.com/oracle-fusion-online-training/fusion-applications/oracle-fusion-financials/fusion-financials-training/1131-fusion-payables-how-to-generate-trial-balance-report
NEW QUESTION 71
Your client is concerned that all expense reports are getting automatically approved by the expenses system despite the setup of an Audit Selection Rule.
What is the reason for this?
- A. The audit selection rule has not been assigned in the system options page
- B. Auditing has not been enabled in the system options page
- C. An expenses template and type rule has not been setup
- D. The audit selection rule has not been assigned to the business unit
- E. The audit selection rule has not been assigned to the legal entity
Answer: D
Explanation:
Assign audit rules to business units.
NEW QUESTION 72
Which invoice types can be included in the Create Payment flow?
- A. Standard, Credit Memo and Customer Refund
- B. Standard, Credit Memo, and Invoice Request
- C. Standard, Debit Memo and Customer Refund
- D. Standard, Credit Memo and Debit Memo
Answer: D
NEW QUESTION 73
Which data is visible to a Payables user in the Payables to General Ledger Reconciliation report?
- A. Data for all business units and all balancing segments in the ledger
- B. Data for authorized business units and GL data for all balancing segments in the ledger (unless restricted)
- C. Data for all business units and one balancing segment in the ledger
- D. Data for authorized business units only; no GL data is visible
Answer: C
Explanation:
Payables users can also see general ledger data for all balancing segment values in the ledger.
NEW QUESTION 74
Before you can configure payment approval rules, your company must define a payment approval policy. Which three are done by the payment approval policy? (Choose three.)
- A. It defines a list of approvers who review payments and make final payment decisions.
- B. It allows approvers to review payments and decide whether or not to approve a payment.
- C. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.
- D. It determines which payments must go through the payment approval process.
- E. It defines when to initiate the payment approval process.
Answer: A,C,E
NEW QUESTION 75
A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross currency rate type the default?
- A. Manage common options for Payables and Procurement and Manage Procurement agents
- B. Manage Invoice Options and Manage Procurement agents
- C. Manage Invoice Options and Manage common options for Payables and Procurement
- D. Manage Payable Options and Manage Invoice Options
- E. Manage Payment Options and Manage common options for Payables and Procurement
Answer: D
Explanation:
You can change the conversion rate type at invoice entry or payment creation time.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAIPP/FAIPP1470345.htm
NEW QUESTION 76
......
Start your 1z0-1055-22 Exam Questions Preparation: https://dumps4download.actualvce.com/Oracle/1z0-1055-22-valid-vce-dumps.html