2022 The Most Effective 1z0-1055-22 with 142 Questions Answers
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NEW QUESTION 55
Which three are attributes that are recognized by Invoice Imaging? (Choose three.)
- A. Invoice Date
- B. Terms Date
- C. Payment Method
- D. Invoice Number
- E. PO Number
Answer: A,D,E
NEW QUESTION 56
You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post the invoice to general ledger?
- A. Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.
- B. Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.
- C. Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger's Manage Journals page and post the associated invoice journal entry.
- D. Enter and post a manual journal entry directly into the general ledger.
Answer: C
NEW QUESTION 57
Which reporting tool is used to report on real-time data?
- A. Essbase Cube
- B. Oracle Financial Reporting Studio
- C. Oracle Transactional Business Intelligence (OTBI)
- D. Smart View
- E. Oracle Business Intelligence Publisher
Answer: C
NEW QUESTION 58
Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?
- A. Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.
- B. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
- C. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
- D. Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
Answer: A
NEW QUESTION 59
After you submitted a Payment Process Request, you noticed errors. You want to void the payments. Identify two statements that indicate when it is not possible to void a payment. (Choose two.)
- A. A payment that pays a prepayment that has been applied to an invoice.
- B. A payment that has been accounted and posted to General Ledger.
- C. A payment with the status of Issued.
- D. A payment that has already cleared the bank.
- E. A payment for an invoice with an associated Withholding Tax invoice.
Answer: A,D
Explanation:
A: You can't: Void a payment for aprepayment that's applied. You must first unapply the prepayment, then void the payment.
D: If the payment is cleared in cash management then it has to be uncleared first before you can void the payment.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm
NEW QUESTION 60
What are the two advantages of using a spreadsheet for correcting invoice import errors? (Choose two.)
- A. ability to enter a high volume of invoices via a spreadsheet
- B. identification of errors with clear error messages at the invoice header and line levels
- C. ability to correct errors within the spreadsheet and send invoice corrections for approval
- D. ability to correct errors and re-import invoices directly from a spreadsheet
- E. identification of errors with clear error messages at the invoice header level only
Answer: A,D
Explanation:
A: You can fix the interface table data using the Correct Import Errors spreadsheet and resubmits the import process.
E: Consider using the spreadsheetto:
Expedite high volume invoice entry for simple invoices that don't require extensive validation.
Create invoices with similar lines.
Maximize the use of spreadsheet features, such as copy and paste, or hide and unhide.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011878.htm
NEW QUESTION 61
You use corporate cards with expenses and have implemented the Company Pay payment option. An employee incurred the following expenses.
What is the resulting payment amount made to the employee for these expenses?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
Explanation:
Company Pay: Your company pays the corporate card issuer for all transactions.
NEW QUESTION 62
A company has three legal entities each with a corresponding business unit all within the same country. All organizations buy and sell the same products. You are configuring the tax setup.
What is the minimum number of Tax Regimes you need to configure for this company?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
Explanation:
You must set up a separate tax registration to represent each distinct registration requirement for a first party legal reporting unit.
NEW QUESTION 63
You are evaluating the predefined expense report approval rules within your test environment to see if they meet current business requirements.
Which three rule sets are part of the predefined setup? (Choose three.)
- A. Approval by Project Manages in parallel or serial mode
- B. Approval by a Group based on report amount in parallel or serial mode
- C. Approval by supervisor based on expenses type amount
- D. Approval by supervisor based on report amount
- E. Approval by Cost Centre owners in parallel or serial mode
Answer: A,D,E
Explanation:
Approval by cost center owners in parallel mode
Approval by cost center owners in serial mode
Approval by project managers in parallel mode
Approval by project managers in serial mode
Approval by supervisor based on report amount
NEW QUESTION 64
Which three reports are generated by the export setup data process? (Choose three.)
- A. Process Results Summary Report
- B. Setup Data Report
- C. Process Results Report
- D. Exported Business Object Report
- E. Process Results Detail Listing Report
Answer: A,B,C
NEW QUESTION 65
Your customer has implemented English as base language and French as a local language. The customer's bank needs the payment file to be sent to them in French. What is the relevant step to do this for preparing the payment template?
- A. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.
- B. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with English locale.
- C. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.
- D. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.
Answer: D
NEW QUESTION 66
While processing an expense report, the system placed a payment hold on the expense report. What are two ways to release payment holds? (Choose two.)
- A. The expense auditor can manually release the payment hold at his discretion.
- B. Payables Manager can release payment holds in Payables.
- C. Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.
- D. The employee can manually release the hold.
- E. The employee's supervisor can manually release the hold.
Answer: A,C
Explanation:
Payment holds are released in the following ways:
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm
NEW QUESTION 67
You need to create a recurring expense for one of your regular expenses.
Which three are frequencies that you can choose for these types of expenses? (Choose three.)
- A. Bimonthly
- B. Annually
- C. Monthly
- D. Weekly
- E. Biweekly
Answer: C,D,E
NEW QUESTION 68
What are the output formats supported for Electronic and Check format programs?
- A. Electronic output format of DATA (csv), Check output format of Zipped PDFs
- B. Electronic output format of eText, Check output format of rtf
- C. Electronic output format of PDF, Check output format of PDF
- D. Electronic output format of Text, Check output format of Text
- 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 69
Which is the Payables tool based on real-time data?
- A. Essbase Cube
- B. Oracle Transactional Business Intelligence (OTBI)
- C. Oracle Financial Reporting (FR)
- D. Smart View
- E. Oracle Business Intelligence Applications (OBIA)
Answer: B
Explanation:
Oracle Transactional Business Intelligence (OTBI) provides real-time insight into HCM business processes. Traditional ad-hoc reporting tools require a user to have an understanding of the data objects in the database.
References:http://www.oracle.com/us/products/applications/fusion/hcm-oracle-transactional-bi-ds-2187697.pdf
NEW QUESTION 70
Which three options are available to filter data when you submit the Prepare Payables to Ledger Reconciliation report? (Choose three.)
- A. Natural Account
- B. Supplier
- C. Ledger Set
- D. Business Unit
- E. Legal Entity
- F. Balancing Segment Value
Answer: C,D,F
Explanation:
Typically General Ledger users are secured by data access sets. Data access sets use primary balancing segment values to secure access to ledgers, ledger sets, and portions of ledgers. Payables users are secured
by business units.
For the Payables to General Ledger Reconciliation report:
General Ledger users can see general ledger data for the balancing segment values in their data access set. General Ledger users can also see the Payables or Oracle Fusion Subledger Accounting data for all
business units linked to the ledger.
Payables users can see the Payables and Subledger Accounting data for business units in their security definition. Payables users can also see general ledger data for all balancing segment values in the ledger.
NEW QUESTION 71
Your client company wants to ensure that the payments they are sending to their financial institution are valid and formatted correctly. They would like to identify any validation failures as early in the process as possible.
Where would you suggest the validations are set?
- A. Disbursement Bank Account
- B. Payment Method
- C. Supplier Site
- D. Payment Format
- E. Payment Terms
Answer: B
NEW QUESTION 72
Which three are Invoice Header attributes that can be used during invoice approval rule creation? (Choose three.)
- A. Requester Name
- B. Accounting Date
- C. Pay Group Lookup Code
- D. Business Unit Name
- E. Statistical Amount
Answer: B,C,D
NEW QUESTION 73
You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?
- A. Imported
- B. Not Validated
- C. Validated
- D. Needs Revalidation
- E. Not Required
Answer: A
Explanation:
After the import process builds the invoices, the invoices can be viewed, modified, and validated on the Manage Invoices page.
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_A149B7BD08207B6DE040D30A68816335
NEW QUESTION 74
Which two invoice types can have a status of Incomplete? (Choose two.)
- A. Supplier Portal Invoices which are saved but not yet submitted
- B. Prepayment Invoices which are fully paid but not applied against any invoice
- C. Scanned Invoices with incomplete or missing information
- D. Scanned Invoices which are rejected during import
- E. Supplier Portal Invoices which are rejected and resubmitted for approval
Answer: C,E
Explanation:
As a Supplier user, you can now edit and resubmit invoices that are rejected from the approval users during the invoice request approval process.
An incomplete invoice is an invoice created from an image that has invalid or missing information.
NEW QUESTION 75
Which three are supported image formats for the Integrated Imaging solution? (Choose three.)
- A. RTF
- B. TIFF
- C. JPEG
- D. XLS
- E. PNG
Answer: B,C,E
NEW QUESTION 76
What is the name of the Work Area that is used to access Functional Setup Manager?
- A. Customization Manager
- B. Functional Setup Manager
- C. Setup and Maintenance
- D. Functional Work Area
- E. Customize Setup and Maintenance
Answer: C
Explanation:
All Oracle Functional Setup Manager functionality is available from the Setup and Maintenance work area.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004385.htm
NEW QUESTION 77
You want your expense auditors to audit only expenses reports for specific business units. How do you do this?
- A. Create your own audit extension rules that correspond to the business unit.
- B. Make auditors the managersof the corresponding business unit to route expense reports properly.
- C. Create a custom duty role and assign the data roles to each auditor.
- D. Assign the auditors' specific data roles for the corresponding business units.
Answer: D
Explanation:
You can enable expense auditors to audit expense reports for specific business units by assigning them specific expense auditor data roles for the business units. For example,to allow an expense auditor to audit expense reports for the Vision Operations and Vision Services business units, assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles, respectively, to the expense auditor.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm
NEW QUESTION 78
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. 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. Receipts are not required if the expense item falls within Per Diem Rates.
Answer: B,C
NEW QUESTION 79
Which three are subject area subfolders that report Payables reconciliation differences to General Ledger? (Choose three.)
- A. Reconciliation Prepayment Application Details
- B. Reconciliation Invoice Hold Details
- C. Reconciliation Invoice Details
- D. Reconciliation Invoice Request Details
- E. Reconciliation Payment Details
Answer: A,C,E
NEW QUESTION 80
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