Authentic 1z0-1055-22 Dumps With 100% Passing Rate Practice Tests Dumps
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Oracle 1z0-1055-22 exam is a comprehensive certification exam that requires a deep understanding of the Oracle Financials Cloud Payables software. 1z0-1055-22 exam is designed to test the candidate's knowledge of the software's features and functionality, as well as their ability to implement and configure the software to meet the needs of their organization. Successful completion of the exam demonstrates that the candidate has the skills and knowledge required to implement Oracle Financials Cloud Payables 2022.
NEW QUESTION # 81
What is the difference between subject areas that append the word "Real Time" and those that do not?
- A. There is no difference.
- B. The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.
- 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:
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 # 82
Which three options are available to filter data when you submit the Prepare Payables to Ledger Reconciliation report? (Choose three.)
- A. Ledger Set
- B. Balancing Segment Value
- C. Supplier
- D. Legal Entity
- E. Business Unit
- F. Natural Account
Answer: A,B,E
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 # 83
You have two business units: Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?
- A. Assign the Expense Auditor job role to each auditor and use a data access set to associate the business unit to the role.
- B. Assign the Expense Auditor job role to each auditor and associate the business unit to the role by using the Manage Data Access for Users page.
- C. Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set Assignments page.
- D. Assign the Expense Auditor job role to each auditor and use segment value security rules to secure access to the business units.
Answer: B
NEW QUESTION # 84
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 the profile option ORA_EXM_ORACLE_MAPS to yes at the site level.
- B. Set Enable Oracle Maps to yes in the expenses system options.
- C. Set Enable Oracle Maps to yes in the expense report template.
- D. Set Enable Oracle Maps to yes in the expense mileage policies.
Answer: D
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 # 85
Which two tools can you use to build layouts for BI Publisher reports? (Choose two.)
- A. Report Developer
- B. BI Answers
- C. Template Builder for Word
- D. BI Composer
- E. Layout Editor
Answer: A,E
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 # 86
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. Description Rule
- B. Event Class Settings
- C. Supporting References
- D. Mapping Set
- E. Transaction References
Answer: A
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 # 87
The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct? (Choose three.)
- A. Voiding the payment automatically places an invoice on hold.
- B. Any realized gain or loss previously calculated is reversed.
- C. All related interest invoices are reversed if previously created.
- D. Any previous accounting and payment records for an invoice are reversed.
- E. All related withholding tax invoices are automatically voided.
Answer: B,C,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 # 88
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. The initiate option is greyed out for the invoice.
- B. Invoice will be auto-approved.
- C. Invoice will be sent to User 1 for approval.
- D. The workflow will fail once approval is initiated.
Answer: D
NEW QUESTION # 89
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 date
- C. Set the General Ledger Journal Entry Summarization option to Summarize by general ledger period
- D. Set the General Ledger Journal Entry Summarization option to Group by general ledger date
Answer: B,C
NEW QUESTION # 90
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. Subledger Accounting's Account Rules
- B. Payable's Automatic Offset
- C. Suspense Accounts
- D. Intercompany Balancing
- E. Payables' Allow Reconciliation Accounting
Answer: B
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 # 91
You want your expense auditors to audit only expenses reports for specific business units. How do you do this?
- A. Make auditors the managersof the corresponding business unit to route expense reports properly.
- B. Create a custom duty role and assign the data roles to each auditor.
- C. Create your own audit extension rules that correspond to the business unit.
- 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 # 92
Identify two ways the invoice imaging solution works in the Cloud. (Choose two.)
- A. Customers ask their suppliers to scan and email the invoice.
- B. Customers scan the invoice on-premise and email the images.
- C. Customers ask suppliers to send electronic invoices.
- D. Customers scan and store the invoice images on-premise and attach them during invoice entry.
- E. Customers cannot use invoice imaging in the Cloud.
Answer: A,B
NEW QUESTION # 93
The Government has introduced a new reduced tax recovery rate for certain services. You need to amend the configuration for your current tax regime to reflect this change.
Which three setups will you need to complete? (Choose three.)
- A. Setup a new recovery rate
- B. Setup a new tax rate
- C. Setup a new status
- D. Setup Determining Factor and Condition Sets
- E. Setup a new tax rule
- F. Setup a new tax
Answer: B,C,E
Explanation:
Set up details for the taxes of a tax regime. Each separate tax in a tax regime includes records that are used to calculate and report on the tax, including:
Tax statuses
Tax rates
Tax rules
NEW QUESTION # 94
A Bill Payable document was paid but has not yet matured.
What is the status of the payment?
- A. Cleared
- B. In Transit
- C. Issued
- D. Negotiable
Answer: C
NEW QUESTION # 95
You have three procurement business units, four requisition business units and five sold-to business units. For which will the supplier registration flows be deployed?
- A. one business unit per supplier
- B. three procurement business units
- C. four requisition business units
- D. twelve business units per supplier
- E. five sold-to business units
Answer: B
Explanation:
A supplier is modeled as a global entity, meaning it is not created within a business unit or any other organizational context. A procurement business unit establishes a relationship with asupplier through the creation of a site which maintains internal controls for how procure to pay transactions are executed with the supplier. The other entities of the supplier profile capture mostly external information that is provided by the supplier, such as taxidentifiers, addresses, contact information, and so on.
References:https://docs.oracle.com/cd/E51367_01/procurementop_gs/OAPRC/F1007476AN106E5.htm
NEW QUESTION # 96
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements. (Choose two.)
- A. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.
- B. For period end accruals, the invoice accounting debits the expense account and credits the liability account.
- C. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.
- D. For period end accruals, accounting is created at material receipt or at delivery to a final destination.
Answer: A,B
NEW QUESTION # 97
An installment for $1,000 USD is due for payment on January 10, 2019. The installment has two discounts: the first discount date is December 5, 2018 for $150 USD and the second discount date is December 20, 2018 for $50 USD. The Pay Date Basis on the supplier site is Discount.
You submit a Payment Process Request with the following criteria:
Payment Date = December 5, 2018
Pay Through Date = December 25, 2018
Date Basis = Pay Date
Always Take Discount option is enabled
What will be the resulting status of the installment and discount?
- A. The installment is not selected because the first discount date is before the Pay Through Date.
- B. The installment is selected and a discount of $50 USD (the second discount) is applied.
- C. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.
- D. The installment is selected and a discount of $200 USD ($150 + $50) is applied.
- E. The installment is selected but no discount is applied because the payment date is after the discount dates.
Answer: C
Explanation:
Discount Taken Amount is 150 USD. Although the Payment Date is after the discount dates, the first discount is taken because the option Always take discount is enabled.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011879AN17393.htm
NEW QUESTION # 98
Which three types of payments can you make if you have access to Disbursement Process Management Duty? (Choose three.)
- A. Customer refunds
- B. Ad hoc payments
- C. Supplier payments
- D. Employee advances
- E. Reimbursement of employee expense reports
Answer: A,B,D
NEW QUESTION # 99
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 in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.
- B. Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.
- C. Enter and post a manual journal entry directly into the general ledger.
- D. 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.
Answer: D
NEW QUESTION # 100
You need to create a payment for a supplier before the next payment run. The invoice you wish to pay is not available for selection in the Create Payment page.
Which two are possible reasons for this? (Choose two.)
- A. The invoice is not accounted.
- B. The invoice is not yet due.
- C. The invoice is not validated.
- D. The payment supplier site is different to the supplier site on the invoice.
- E. The payment method for the invoice is Electronic.
Answer: B,C
NEW QUESTION # 101
You applied a prepayment amount of $5,000 USD to a $10,000 USD invoice. At the time of prepayment, the applicable tax rate was 5% ($250 USD); at the time of invoice creation, the tax rate is 10%. When you set up taxes, you choose to Recalculate Taxes for the Applied Amount Handling option.
How will the resulting tax be calculated?
- A. The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is retained.
- B. The tax for the prepayment is recalculated to use the new invoice tax rate that is also used for the invoice line amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -500 USD (10% * -5000).
- C. The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -250 USD (5% * -5000).
- D. The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% * 10,000-5000).
Answer: B
Explanation:
When you apply a prepayment to an invoice, the tax rate at the time of prepayment may differ from the tax rate at the time that the prepayment is applied to an invoice. Oracle Fusion Tax considers the tax calculated on the prepayment according to the value assigned to the Applied Amount Handling option in the tax record. The values are Recalculated and Prorated.
For example, you apply a prepayment amount of 5,000 USD to an invoice with a total amount of10,000 USD. At the time of prepayment, the applicable tax rate was 5% (250 USD tax on the prepayment); at the time of invoice creation, the applicable tax rate is 10%. Tax is calculated in this way:
* Recalculated: The tax is recalculated on the prepayment using the invoice tax rate and the same tax rate is applied to the invoice line amount. The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. In the invoice example, the calculationcreates an invoice line amount tax line of 1,000 USD (10% * 10,000 USD) and a prepayment tax line of -500 USD (10% * -5000 USD). This reverses tax calculated on the invoice for the prepayment amount applied. The tax calculated on the prepayment is retained.
* Prorated:Etc.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAFTT/F1006655AN242EE.htm
NEW QUESTION # 102
Which two are classified as Self-Billed invoices? (Choose two.)
- A. Evaluated Receipt Settlement (ERS) Invoices
- B. Invoices created using Integrated Imaging
- C. Expense Reports transferred from Expenses
- D. Debit Memos created by the Return to Supplier feature
- E. Invoices entered through the Supplier Portal
- F. Customer Refunds initiated from Receivables
Answer: A,E
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 # 103
In the implementation project, there is a requirement to add new transactional attributes to the Expense Approver Report workflow notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)
- A. The original Source
- B. The layout-template
- C. The Style-Template
- D. The Data Model
- E. The Output types
Answer: B,C
Explanation:
Style Template: Provides styles such as the type of lines and fonts to use in tables, or the font type, size, and color to use for headings
Report: Contains a layout template that determines:
Which attributes appear in the notification, from the data model used for the report
What the notification looks like, leveraging components from the subtemplate and styles from the style template used for the report
NEW QUESTION # 104
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