[Nov-2021] Dumps Brief Outline Of The 1z0-1055-20 Exam - Pass4guide
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NEW QUESTION 16
You want to customize the Payables Invoice Register template to only display invoices when the Supplier name is Company A. Supplier name is a group that repeats on every page.
Which is the correct way to customize the template?
- A. Hard code Supplier Name "Company A" in the report template and only invoices for that supplier will be displayed.
- B. Insert the syntax <?if:VENDOR_NAME= 'COMPANY A'?> before the Supplier field on the template.
Then, enter the <?end if?> tag after the invoices table. - C. Insert the syntax <?if:condition?> before the Supplier field and then enter the closing tag
</<?if:condition?>. - D. Insert the syntax <?if:'COMPANY A'?> before the Supplier field and then enter the closing tag
</<?if:COMPANY A?> after the invoices table.
Answer: A
Explanation:
Explanation
Use an if statement to define asimple condition; for example, if a data field is a specific value.
Insert the following syntax to designate the beginning of the conditional area.
<?if:condition?>
Insert the following syntax at the end of the conditional area: <?end if?>.
References:https://isu.ifmo.ru/docs/XMLP/help/en_US/htmfiles/B25951_01/T421739T421743.htm
NEW QUESTION 17
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. Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.
- C. The employee can manually release the hold.
- D. The employee's supervisor can manually release the hold.
- E. Payables Manager can release payment holds in Payables.
Answer: A,B
Explanation:
Explanation
Payment holds are released in the following ways:
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm
NEW QUESTION 18
When creating a check payment, from where is the payment document defaulted?
- A. Bank Account
- B. Supplier
- C. Bank
- D. Legal Entity
- E. Business Unit
Answer: A
Explanation:
Explanation
Create Check
This step shows how to create a check to pay the customer for theclaim. The customer will be paid with the designated amount in Oracle Payables.
Navigation: Actions > Pay in Full.
Notes:
Bank Account: Select BofA.
Document: Select Check.
References:https://docs.oracle.com/cd/E18727_01/doc.121/e16295/T544851T544993.htm
NEW QUESTION 19
In what order should the import process be run when importing suppliers?
- A. any order
- B. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
- C. Supplier, Supplier Address, Supplier Site, Supplier Site Assignments
- D. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
Answer: D
Explanation:
Explanation
The following programs are used to import supplier information:
When importing supplier records containing data in each table, then Suppliers must be run first, followed by the Supplier Sites import process. Once the data is inserted, the following concurrent processes must be run to create the information in Oracle Fusion Suppliers.
Suppliers Import Process
Supplier Sites Import Process
Supplier Site Contacts Import Process
Supplier Site Assignments Process
References:https://docs.oracle.com/cd/E56614_01/procurementop_gs/OAPRC/F1007476AN1079E.htm
NEW QUESTION 20
Which three attributes are captured during the scanning of invoice images?
- A. Invoice Number
- B. Terms Date
- C. PO Number
- D. Payment Method
- E. Invoice Date
Answer: A,C,E
Explanation:
Explanation
For Payables invoice processing, PO number, supplier, invoice number, invoice amount, invoice date, customer taxpayer ID, and business unit are extracted as part of the predefined configurations.
This figure shows the Scanned information tileon the Invoices landing page.
References:http://docs.oracle.com/cd/E36909_01/fusionapps.1111/e20375/F569958AN60E65.htm
NEW QUESTION 21
Which two statements are true about the Invoice Validation process? (Choose two.)
- A. opens the relevant accounting period
- B. updates supplier balances
- C. creates accounting entries in draft
- D. validates project information
- E. creates tax lines and distributions
Answer: D,E
Explanation:
Explanation
Invoice validations
Etc.
References: https://docs.oracle.com/cloud/farel9/financialscs_gs/FAPPP/F1011878AN100C4.htm
NEW QUESTION 22
An invoice for $200 USD and a credit memo for $225 USD are due for payment and the "Apply credits up to zero amount" option is enabled for the payment process request. Which statement is correct?
- A. The payment process request applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.
- B. The payment process request pays only $200 USD alone.
- C. The payment process request creates a refund for $225 USD and leaves the invoice unpaid.
- D. The payment process request doesn't select the invoice or credit memo for payment because the credit reduces the payment to - $25 USD, which is below zero.
Answer: A
Explanation:
Explanation
When you submit a "payment process request", you can enable the Apply credits up to zero amount payment option. Enablingthe option causes the payment process to apply credits when the credits reduce the payment amount below zero.
The following scenario illustrate the impact of this option.
Credit Amount Greater Than Invoice Amount
An invoice for 200 USD and a credit memofor 225 USD are due for payment.
The following table describes the payment processing that occurs based on the setting for the Apply credits up to zero amount payment option.
Assume that the "Apply Credits Up to Zero Amount" option is enabled.
Payment processing applies 200 USD of the credit memo to the invoice and creates a payment for 0 USD. The remaining credit is 25 USD.
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9F438E13CC89BA0CE040D30A68816F7
NEW QUESTION 23
You have created your first implementation project. You have assigned the Application Implementation Consultant role to your user. However, you are unable to create and add roles to users in Oracle Identity Management (OIM).
This issue is caused because you did not assign the ________.
- A. Line Manager role to your user
- B. Superuser role to your user
- C. Application Implementation Manager role to your user
- D. IT Security Manager role to your user
Answer: C
Explanation:
Explanation
For an implementation to begin, at least one user must be provisioned with the Application Implementation Manager role, and another or the same user must be provisioned with the ApplicationImplementation Consultant role. The Application Implementation Consultant has broad access to set up all enterprise structures.
NEW QUESTION 24
What is the name of the Work Area that is used to access Functional Setup Manager?
- A. Customize Setup and Maintenance
- B. Functional Work Area
- C. Setup and Maintenance
- D. Functional Setup Manager
- E. Customization Manager
Answer: C
Explanation:
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 25
What is the difference between subject areas that append the word "Real Time" and those that do not?
- A. The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.
- B. There is no difference.
- C. The "Real Time" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.
- D. The "Real Time" subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.
Answer: C
Explanation:
Explanation
In Oracle Fusion applications, there are two types of subject areas:
Subject areas whose names usually end with Real Time and access real-time (transactional) data.
Subject areas whose names usually do notend with Real Time and access data warehouse data.
References: https://docs.oracle.com/cloud/farel8/common/OATBI/postinstallation.htm
NEW QUESTION 26
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements. (Choose two.)
- A. For period end accruals, the invoice accounting debits the expense account and credits the liability account.
- B. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.
- C. For period end accruals, accounting is created at material receipt or at delivery to a final destination.
- D. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.
Answer: A,D
NEW QUESTION 27
Which three are supported image formats for the Integrated Imaging solution? (Choose three.)
- A. XLS
- B. JPEG
- C. TIFF
- D. RTF
- E. PNG
Answer: B,C,E
NEW QUESTION 28
You are voiding a payment and have selected Cancel as the Invoice Action. After performing the void, you notice the invoice is not cancelled but has an Invoice Cancel hold on it.
What is reason for this?
- A. The invoice has been partially paid by another payment.
- B. The invoice is already on hold.
- C. The invoice accounting date is not in the current open period.
- D. The invoice date is not in the current open period.
Answer: A
NEW QUESTION 29
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 has been accounted and posted to General Ledger.
- B. A payment that pays a prepayment that has been applied to an invoice.
- C. A payment that has already cleared the bank.
- D. A payment for an invoice with an associated Withholding Tax invoice.
- E. A payment with the status of Issued.
Answer: B,C
Explanation:
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 30
You purchased a computer from Company A for 2000 USD. Company B ships you the computer with freight charges of 100 USD. You would like the cost of the computer to include those freight charges.
How can you achieve this?
- A. Choose Match to Receipt.
- B. Choose to Match to Invoice Lines.
- C. Enter the Invoice manually and add the freight line.
- D. Choose to Match in full to the Purchase Order.
- E. Choose to Match to Receipt Charges.
Answer: E
NEW QUESTION 31
You want to route invoices to three different approvers at the same time and only one approver needs to approve the invoice. Which approval ruleset should you use?
- A. InvoiceApproversSingleParticipantInParallelMode
- B. InvoiceApproversParallelParticipantInParallelMode
- C. InvoiceApproversFYIParticipantInParallelMode
- D. Invoice Approvers
Answer: B
NEW QUESTION 32
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. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
- B. Employees are not reimbursed for expense report expenditures until missing or overdue imaged receipts are submitted.
- 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: A,C
NEW QUESTION 33
The expense auditor has chosen to Request More Information for an expense report. Select two ways the system processes this action. (Choose two.)
- A. The expense report is routed back to the approvers.
- B. The employee must resubmit the expense report.
- C. The audit can be completed before the requested information is received from the employee.
- D. The expense report status remains Pending Payables Approval.
Answer: A,D
Explanation:
Explanation
To request more information for an expense report, select the Request More Information option from the Actions menu in theheader of the Audit Expense Report page. The employee receives a notification that includes the reason for the request, specific instructions, and any additional instructions from you. Selecting the Request More Information action results in the following:
References:https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAWDE.pdf
NEW QUESTION 34
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 English language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.
- B. 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. - C. 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. - D. 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.
Answer: C
NEW QUESTION 35
Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?
- A. The payment term of the purchase order overrides the invoice payment term.
- B. The user needs to manually change the payment term on the invoice to match the purchase order payment term.
- C. The user needs to specify which payment term to use.
- D. The purchase order payment term cannot be overridden.
- E. The payment term of the invoice overrides the purchase order payment term.
Answer: E
NEW QUESTION 36
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