[Nov-2021] Free 1z0-1055-20 Exam Dumps to Improve Exam Score
2021 Realistic 1z0-1055-20 Dumps Exam Tips Test Pdf Exam Material
Oracle 1z0-1055-20 Exam Syllabus Topics:
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NEW QUESTION 44
Which three are Invoice Header attributes that can be used during invoice approval rule creation? (Choose three.)
- A. Business Unit Name
- B. Requester Name
- C. Statistical Amount
- D. Pay Group Lookup Code
- E. Accounting Date
Answer: A,D,E
NEW QUESTION 45
Identify three scenarios where you are not allowed to cancel an invoice. (Choose three.)
- A. The invoice is fully or partially paid.
- B. Prepayments were applied to the invoice.
- C. The invoice is validated.
- D. An accounting entry has been created for the invoice.
- E. The invoice was adjusted by a credit or a debit memo.
Answer: A,B,E
Explanation:
Explanation
Why can't I cancel an invoice?
The invoice is:
Additional reasons thatyou can't cancel an invoice are as follows:
You can cancel any unapproved invoice, or an approved invoice that does not have anyeffective payments or posting holds.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011878.htm#FAPPP1011878
NEW QUESTION 46
You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?
- A. Remove the documents or payments causing the error and resume the payment process.
- B. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.
- C. Terminate the payment process request.
- D. Run the create accounting program.
- E. Run the invoice validation program.
Answer: A,B
Explanation:
Explanation
Using the Resolve Document Validation Errors Page, you may review the errors and takeaction. You may fix related data, such as third party payee information, and submit the documents for revalidation. You may also remove documents from the Payment Process Request, which sends the documents back to the source product with the validation failure reason, just as rejection does.
References:https://docs.oracle.com/cd/E18727_01/doc.121/e13415/T456136T484670.htm
NEW QUESTION 47
A Payment Process Request was submitted and errors were found in the payment file. The payment file and process were terminated.
Which two statements are true? (Choose two.)
- A. The status of each payment in the payment file is Terminated.
- B. The status of each payment in the payment file is Cancelled and the related documents are available for future selection.
- C. The invoices are placed on payment hold.
- D. The status of the payment file is Terminated.
- E. The status of the payment file is Cancelled.
Answer: B,D
Explanation:
Explanation
If the payment file has been terminated and the documents payable have been returned to the source product, then the status of the Printed Payment File is Terminated.
Oracle Fusion Paymentsinforms the source product of the terminated documents payable. Then for each payment in the payment file, Payments sets the status to Canceled.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011879AN17393.htm
NEW QUESTION 48
Which two statements are true about the Invoice Validation process? (Choose two.)
- A. validates project information
- B. opens the relevant accounting period
- C. creates accounting entries in draft
- D. updates supplier balances
- E. creates tax lines and distributions
Answer: A,E
Explanation:
Explanation
Invoice validations
Etc.
References: https://docs.oracle.com/cloud/farel9/financialscs_gs/FAPPP/F1011878AN100C4.htm
NEW QUESTION 49
Which three types of payments can you make if you have access to Disbursement Process Management Duty?
(Choose three.)
- A. Ad hoc payments
- B. Customer refunds
- C. Supplier payments
- D. Reimbursement of employee expense reports
- E. Employee advances
Answer: B,C,D
NEW QUESTION 50
When reviewing installments, what setup is required to override the supplier site on an invoice?
- A. Allow the remit-to supplier override for third-party payments at Manage Invoice options.
- B. Allow the remit-to supplier address override for third-party payments at Manage Invoice options.
- C. Allow payee to override for third-party payments while Manage Invoice options.
- D. Allow the remit-to supplier override for third-party payments at Manage Payment options.
Answer: B
Explanation:
Explanation
(Optional) Setting the Remit-to Supplier Override Option
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAIPP/F1470346AN14ECB.htm
NEW QUESTION 51
What two job roles are required to access information within Functional Setup Manager? (Choose two.)
- A. Application Implementation Consultant
- B. Any Functional User
- C. Application Implementation Manager
- D. Functional Setup Manager Superuser
- E. IT Security Manager
Answer: A,C
Explanation:
Explanation
Provision the implementation user with the Application Implementation Manager job role or the Application Implementation Consultant job role by usingthe Security Console Users tab.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004385.htm
NEW QUESTION 52
Which two statements are true about processing corporate card expenses? (Choose two.)
- A. Usage policy for expense category tolerances does not apply to credit card expenses.
- B. Card transactions will be paid directly from Expenses Cloud.
- C. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.
- D. You can process payment for credit card using Electronic funds transfer, check, or wire.
- E. Conversion rate defaults apply only to cash expenses, not to corporate card expenses.
Answer: A,E
Explanation:
Explanation
Conversion rate behavior applies only to cash expenses, not to corporate card expenses.
To enable your company to pay a corporate card issuer, you enter a default payment method, whether check, EFT (Electronic funds transfer), or wire, in the Address Payment Information region of the Edit Corporate Card Issuer page, as well as bank account information.
References:
https://docs.oracle.com/cloud/latest/financialscs_gs/FAIEX/FAIEX1456644.htm
https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110434AN7B1F9.htm
NEW QUESTION 53
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. Use the corporate-defined conversion rate even if it means you will not be reimbursed fully.
- B. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate.
- C. Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then, wait to get a revised statement.
- D. 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.
Answer: B
Explanation:
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 54
The payment build program has completed but with errors.
When submitting the payment process request, which processing option is used to review the error messages from the Manage Payment Process Request Inquiry?
- A. Set the validation failure handling for payments to "show errors."
- B. Enable debug for the payment format program.
- C. Set the validation failure handling for documents to "show errors."
- D. Set the validation failure handling for payments to "stop process for review."
Answer: D
NEW QUESTION 55
Which two statements are true related to configuration package? (Choose two.)
- A. You can export and import the approval rules from the approval management engine.
- B. You can export and import the custom roles from Oracle Identity Manager.
- C. You can export and import the allocation rules from the allocation manager.
- D. You can export and import selected business object services.
- E. You can export and import selected business units.
Answer: B,D
NEW QUESTION 56
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 employee must resubmit the expense report.
- B. The audit can be completed before the requested information is received from the employee.
- C. The expense report status remains Pending Payables Approval.
- D. The expense report is routed back to the approvers.
Answer: C,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 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. Invoice will not be processed.
- D. The system will issue an error message after the approval has been initiated.
Answer: C
NEW QUESTION 58
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. Intercompany Balancing
- B. Subledger Accounting's Account Rules
- C. Payables' Allow Reconciliation Accounting
- D. Payable's Automatic Offset
- E. Suspense Accounts
Answer: A
Explanation:
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 59
When creating a check payment, from where is the payment document defaulted?
- A. Supplier
- B. Business Unit
- C. Bank
- D. Bank Account
- E. Legal Entity
Answer: D
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 60
Your customer matches their invoices to a purchase order and have noticed that the payment terms are defaulting from the order. For some suppliers, they would like to use the payment terms from the supplier site.
How can the customer achieve this?
- A. Enter the payment terms in the Manage Invoice Options page so they default onto the invoice.
- B. Enter the payment terms in the Manage Payment Options page so they default onto the invoice.
- C. Enter the payment terms at the supplier site level so they default onto the invoice.
- D. Enter the payment terms at the Supplier level so they default onto the invoice.
- E. Manually override the payment terms that have defaulted from the purchase order for those suppliers.
Answer: E
NEW QUESTION 61
Which three are invoice types that can be entered using the Supplier Portal? (Choose three.)
- A. B2B XML invoices
- B. Invoices that are automatically created when the supplier creates an ASN for drop shipments
- C. Invoices that are created from the Evaluated Receipt Settlement (ERS) process
- D. Non purchase order matched invoices
- E. Purchase order matched invoices
Answer: A,C,E
NEW QUESTION 62
Which three attributes are captured during the scanning of invoice images?
- A. Invoice Number
- B. Invoice Date
- C. Payment Method
- D. PO Number
- E. Terms Date
Answer: A,B,D
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 63
Identify three statements that indicate the purpose of Functional Setup Manager.
- A. it allows you to assign setup tasks to individuals with due dates where users must manually update their completion status.
- B. It automatically generates lists of setup tasks in the correct sequence with dependencies highlighted.
- C. It automatically marks the completion status of tasks as Completed once they have been completed.
- D. It provides a central place to access and perform all of the setup steps across the applications.
- E. It allows you to centrally manage the close processes across subledgers and ledgers.
Answer: B,C,D
Explanation:
Explanation
With Oracle Fusion Functional Setup Manager you can:
References:https://docs.oracle.com/cd/E56614_01/common_op/OAFSM/F1166427AN1007E.htm
NEW QUESTION 64
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 when to initiate the payment approval process.
- B. It determines which payments must go through the payment approval process.
- C. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.
- D. It allows approvers to review payments and decide whether or not to approve a payment.
- E. It defines a list of approvers who review payments and make final payment decisions.
Answer: A,C,E
NEW QUESTION 65
Your client company has two business units and requires the Payables Specialist to process invoice transactions for both business units.
What setup is required to achieve this?
- A. a Dedicated Service Provider model
- B. Business Unit Security
- C. a Self-Service Service Provider Model
- D. a Dedicated and Self-Service Service Provider Model
Answer: B
NEW QUESTION 66
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