[Sep 03, 2022] Reliable 1z0-1055-22 Exam Tips Test Pdf Exam Material
New 2022 1z0-1055-22 Test Tutorial (Updated 142 Questions)
NEW QUESTION 12
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. Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then, wait to get a revised statement.
- C. 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.
- D. Use the corporate-defined conversion rate even if it means you will not be reimbursed fully.
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 13
Which three are valid reasons why you cannot close your Payables period? (Choose three.)
- A. Unapplied prepayments
- B. Suppliers on payment holds
- C. Incomplete payment files
- D. Bills payable requiring maturity
- E. Unaccounted invoices and payments
Answer: C,D,E
NEW QUESTION 14
Which two statements are true related to configuration package? (Choose two.)
- A. You can export and import selected business units.
- B. You can export and import the approval rules from the approval management engine.
- C. You can export and import the custom roles from Oracle Identity Manager.
- D. You can export and import selected business object services.
- E. You can export and import the allocation rules from the allocation manager.
Answer: C,D
NEW QUESTION 15
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. IT Security Manager role to your user
- B. Superuser role to your user
- C. Application Implementation Manager role to your user
- D. Line Manager role to your user
Answer: C
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 16
What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?
- A. Standard Invoice
- B. Standard invoice request
- C. Credit Memo
- D. iSupplier Invoice
- E. Supplier payment request
Answer: B
Explanation:
Standard invoice request: An invoice submitted without a purchase order by a supplier through Oracle Fusion Supplier Portal thatis pending review and approval by the appropriate persons within the deploying company.
References:https://docs.oracle.com/cd/E37583_01/doc.1116/e22897/F431919AN100ED.htm
NEW QUESTION 17
You have invoices with distributions across primary balancing segments that represent different companies.
What feature should you use if you want the system to automatically balance your invoice's liability amount across the same balancing segments on the invoice distributions?
- A. Payable's Automatic Offset
- B. Intercompany Balancing
- C. Subledger Accounting's Account Rules
- D. Payables' Allow Reconciliation Accounting
- E. Suspense Accounts
Answer: A
Explanation:
If you do not enable Automatic Offsets, Payables records the invoice liability using the liability account on the invoice, which defaults from the supplier site. When you distribute invoice distributions across multiple balancing segments, the invoice will not balance by balancing segment. However, General Ledger can automatically create intercompany balancing entries when you post the invoice if you have enabled the Balance Intercompany Journals option for your set of books.
References:https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/autoff01.htm
NEW QUESTION 18
Which three types of payments can you make if you have access to Disbursement Process Management Duty? (Choose three.)
- A. Ad hoc payments
- B. Employee advances
- C. Customer refunds
- D. Reimbursement of employee expense reports
- E. Supplier payments
Answer: A,B,C
NEW QUESTION 19
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 in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.
- B. There is no difference.
- C. The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.
- D. The "Real Time" subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.
Answer: A
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 20
An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the two outcomes if you chose the "Apply Credits Up to Zero Amount" option when submitting a Payment Process Request? (Choose two.)
- A. Both the invoice and the credit memo are fully paid.
- B. Neither the invoice nor the credit memo is included in the Payment Process Request.
- C. Both the invoice and the credit memo are included in the Payment Process Request.
- D. Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.
Answer: C,D
Explanation:
When yousubmit a "payment process request", you can enable the Apply credits up to zero amount payment option. Enabling the option causes the payment process to apply credits when the credits reduce the payment amount below zero.
The following scenario illustratethe impact of this option.
Credit Amount Greater Than Invoice Amount
An invoice for 200 USD and a credit memo for 225 USD are due for payment.
The following table describes the payment processing that occurs based on the setting for the Apply credits upto 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_9F438E13CC89BA0CE040D30A68816F77
NEW QUESTION 21
Your client wants to retrieve values for the account code based on the invoice line description. For example, Invoice Line Description = Laptop then Account Code = 5670.
Which Subledger Accounting option would you use to achieve this?
- A. Transaction References
- B. Mapping Set
- C. Event Class Settings
- D. Description Rule
- E. Supporting References
Answer: D
Explanation:
If you're matching to a purchase order and don't enter a value, the import process uses the item description from the purchase order line.
NEW QUESTION 22
You have evaluated the use of Oracle Maps Cloud service with Expenses for mileage calculation. The decision is to use this feature.
How do you enable the feature?
- A. Set Enable Oracle Maps to yes in the expenses system options.
- B. Set Enable Oracle Maps to yes in the expense report template.
- C. Set Enable Oracle Maps to yes in the expense mileage policies.
- D. Set the profile option ORA_EXM_ORACLE_MAPS to yes at the site level.
Answer: C
Explanation:
Create a mileage policy, optionally include a commute deduction rule, and then assign the mileage policy to an expense type to activate the policy.
NEW QUESTION 23
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. An expenses template and type rule has not been setup
- B. Auditing has not been enabled in the system options page
- C. The audit selection rule has not been assigned in the system options page
- 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 24
Which two are classified as Self-Billed invoices? (Choose two.)
- A. Invoices entered through the Supplier Portal
- B. Invoices created using Integrated Imaging
- C. Expense Reports transferred from Expenses
- D. Customer Refunds initiated from Receivables
- E. Debit Memos created by the Return to Supplier feature
- F. Evaluated Receipt Settlement (ERS) Invoices
Answer: A,F
Explanation:
Select ERS and Use in the Transaction source parameter when running the Pay on Receipt Auto-invoice concurrent program.
You enable paying your supplier by selecting a method on the Purchasing tab of the Supplier Sites window in Oracle Payables.
NEW QUESTION 25
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. Expenses do not create payment requests for expense reports that have missing or overdue receipts.
- B. Receipts are not required if the expense item falls within Per Diem Rates.
- C. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
- D. An expense report may require original, imaged, or both types of receipts.
Answer: A,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 26
When submitting the Payables to General Ledger Reconciliation report, the extract did not select any dat
a. What should you check?
- A. Make sure you enabled the Reconciliation flag to all of your liability natural account values.
- B. Make sure you specified a Business Unit in the parameters when running the extract.
- C. Make sure you assign an Account parameter when running the extract to include liability accounts.
- D. Make sure you assigned a Financial Category of Accounts Payable to all your liability natural account values.
Answer: D
Explanation:
You must assign a Financial Category of Accounts payable to all your liability natural account values. This is a required setup step for Payables to General Ledger reconciliation.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011880AN1B948.htmc
NEW QUESTION 27
You want your expense auditors to audit only expense reports for specific business units. How do you do this?
- A. Assign the expense auditors job role and business unit security context and value to the user.
- B. Create a custom duty role and assign the data roles to each auditor.
- C. Make auditors the managers of the corresponding business unit to route expense reports properly.
- D. Create your own audit extension rules that correspond to the business unit.
Answer: A
NEW QUESTION 28
What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?
- A. data that provides a measure of something
- B. values that are organized into parent-child relationships
- C. data that is metric and can be added up or aggregated
- D. information about a business object with values that are dates, Ids or text
Answer: D
NEW QUESTION 29
Your customer has an electronic payment format program in use and wants all the documents to use the pay group "Domestic". What should you do to achieve this?
- A. Define a user validation at the formatprogram to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Format Program Code", condition "Equal to String" and value - as desired.
- B. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Document pay group", condition "Required" and value - not applicable.
- C. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", and value "Domestic".
- D. Modify your template to hard code the value "Domestic" for the pay group position.
Answer: C
Explanation:
User-Defined Validation That Checks a Specific Condition and Value
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAIPP/F1469799AN17B6B.htm
NEW QUESTION 30
Which reports can show you differences between your subledger balances and general ledger balances to help you reconcile quickly?
- A. Payables Trial Balance and General Ledger Trial Balance reports
- B. General Ledger Financial Statements and the Accounts Payable and Invoice Registers
- C. Payables to Ledger Reconciliation report
- D. Payables Aging reports with the General Ledger Trial Balance report
Answer: A
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 31
An Office supplies company requires an advance payment of $8000 for the office supplies you wish to order. You enter and pay a prepayment type invoice for $8000. You enter the standard invoice to book the expense which totals $10000 and you apply the prepayment to the standard invoice.
What are the accounting entries for that standard invoice with the prepayment application?
- A. Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr AP Liability Account 2000 Cr Prepayment Account 2000.
- B. Invoice Accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr Expense Account 8000 Cr Prepayment Account 8000.
- C. Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr AP Liability 8000 Cr Prepayment Account 8000.
- D. Invoice accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.The prepayment application has no impact on the Invoice.
Answer: D
NEW QUESTION 32
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