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NEW QUESTION 66
Which attributes on the payables invoice can be used during approval rule creation?
- A. cost center segment and supplier only
- B. company segment, cost center segment, supplier, and Attribute 1 on the invoice line
- C. company and cost center segment only
- D. supplier only
Answer: B
NEW QUESTION 67
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 expense mileage policies.
- B. Set Enable Oracle Maps to yes in the expense report template.
- C. Set Enable Oracle Maps to yes in the expenses system options.
- D. Set the profile option ORA_EXM_ORACLE_MAPS to yes at the site level.
Answer: A
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 68
Which two statements are true about processing corporate card expenses? (Choose two.)
- A. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.
- B. Card transactions will be paid directly from Expenses Cloud.
- C. Usage policy for expense category tolerances does not apply to credit card 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: C,E
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 69
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 Self-Service Service Provider Model
- B. Business Unit Security
- C. a Dedicated Service Provider model
- D. a Dedicated and Self-Service Service Provider Model
Answer: B
NEW QUESTION 70
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. Line Manager role to your user
- D. Application Implementation Manager role to your user
Answer: D
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 71
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. The workflow will fail once approval is initiated.
- C. Invoice will be sent to User 1 for approval.
- D. Invoice will be auto-approved.
Answer: B
NEW QUESTION 72
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 Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
- B. 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.
- C. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
- D. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
Answer: B
NEW QUESTION 73
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 74
What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?
- A. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.
- B. The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.
- C. The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.
- D. The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.
Answer: B
Explanation:
Run the Payables Unaccounted Transactions Sweep program to transfer unaccounted transactions from one accounting period to another. If your accounting practices permit it, use this program to change the accounting date of the transactions to the next open period.
The program transfers unaccounted transactions to the period you specify by updating the accounting dates to the first day of the new period.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011880AN1B948.htm
NEW QUESTION 75
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 Aging reports with the General Ledger Trial Balance report
- D. Payables to Ledger Reconciliation 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 76
In what order should the import process be run when importing suppliers?
- A. Supplier, Supplier Address, Supplier Site, Supplier Site Assignments
- B. any order
- C. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
- D. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
Answer: A
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 77
Select three reasons why you cannot close your Payables period. (Choose three.)
- A. unaccounted invoices and payments
- B. open intercompany transactions
- C. unapplied prepayments
- D. bills payable requiring maturity
- E. suppliers on payment holds
Answer: A,B,D
Explanation:
The types of exceptions reported are:
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9DE8D32BDBE0FBADE040D30A688146CA
NEW QUESTION 78
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 and the generated tax line amount will be $250 USD (5% * 10,000-5000).
- C. 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).
- D. 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).
Answer: C
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 79
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 subledger transactions and the ones that are not are based on general ledger balances.
- 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 real-time transactions and those that are not, are based on historical data.
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 80
Which three are subject area subfolders that report Payables reconciliation differences to General Ledger? (Choose three.)
- A. Reconciliation Invoice Request Details
- B. Reconciliation Invoice Hold Details
- C. Reconciliation Payment Details
- D. Reconciliation Invoice Details
- E. Reconciliation Prepayment Application Details
Answer: C,D,E
NEW QUESTION 81
XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However, when reviewing the invoice installments for XYZ Supplier the payables specialist is unable to override the remit-to supplier name and address on the Invoice installments.
What is the reason for this?
- A. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Disbursement System Options page for the business unit.
- B. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Payment Options page for the business unit.
- C. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Common Options for Payables and Procurement page for the business unit.
- D. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Invoice Options page for the business unit.
Answer: D
NEW QUESTION 82
You need to enter a high volume of users into the system. What is Oracle's recommendation to do this?
- A. use the spreadsheet of Oracle Identity Manager (OIM) to import users.
- B. Use the Hire an Employee user interface and enter each user manually.
- C. Use the Enter a Supplier user interface and enter each user manually.
- D. Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Cloud Applications.
Answer: D
Explanation:
If you have batch of users that have to be created, the Oracle team can bulk load the users into the OIM Application.
References:http://docs.oracle.com/cd/E79623_01/rms/pdf/160C/html/admin_guide/tasks.htm
NEW QUESTION 83
A Payables supervisor wants to apply a prepayment to an invoice.
Which combination of invoice and payment currencies allow the application of a prepayment to an invoice?
- A. Standard Invoice: Invoice Currency USD, Payment Currency GBP
Prepayment: Invoice Currency USD, Payment Currency AUD - B. Standard Invoice: Invoice Currency USD, Payment Currency CAD
Prepayment: Invoice Currency CAD, Payment Currency CAD - C. Standard Invoice: Invoice Currency CAD, Payment Currency GBP
Prepayment: Invoice Currency USD, Payment Currency AUD - D. Standard Invoice: Invoice Currency USD, Payment Currency USD
Prepayment: Invoice Currency CAD, Payment Currency CAD
Answer: A
Explanation:
You can pay a prepayment in a currency that's different from the invoice currency. To apply that prepayment to an invoice, the invoice must have the same invoice currency as the invoice currency of the prepayment.
NEW QUESTION 84
There are four key reports in Cash Management.
What is the correct match for each report and its description?
Report
1. Cash to General Ledger Reconciliation Report
2. Bank Statement Report
3. Cash in Transit Report
4. Bank Statement Analysis Report
Description
1. Lists all transactions for a specific bank account, that have been remitted to the bank but have not been cleared.
2. Displays the bank statements that are used to analyze balances and transaction details.
3. Displays balance and transaction information for specific bank statements.
4. Lists bank statement transactions that are accounted in GL but are not reconciled in Cash Management.
- A. 1 = H, 2 = G, 3 = E, 4 = F
- B. 1 = H, 2 = F, 3 = E, 4 = G
- C. 1 = E, 2 = G, 3 = H, 4 = F
- D. 1 = H, 2 = E, 3 = G, 4 = F
Answer: B
NEW QUESTION 85
Which two invoice types can have a status of Incomplete? (Choose two.)
- A. Scanned Invoices which are rejected during import
- B. Prepayment Invoices which are fully paid but not applied against any invoice
- C. Scanned Invoices with incomplete or missing information
- D. Supplier Portal Invoices which are saved but not yet submitted
- 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 86
Which three are Invoice Header attributes that can be used during invoice approval rule creation? (Choose three.)
- A. Accounting Date
- B. Business Unit Name
- C. Statistical Amount
- D. Pay Group Lookup Code
- E. Requester Name
Answer: A,B,D
NEW QUESTION 87
What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?
- A. Supplier payment request
- B. Standard Invoice
- C. Standard invoice request
- D. Credit Memo
- E. iSupplier Invoice
Answer: C
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 88
You have an invoice for $200 USD and a credit memo for $225 USD. In other words, the credit amount exceeds the invoice amount. If you enable the option to apply credits up to zero amount payment, then how will the invoice and credit memo be paid?
- A. Both the invoice and the credit memo are selected and the Payment Process Request requires attention.
- B. Neither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero.
- C. Both the invoice and credit memo are included in the payment process request for a payment amount of $0 USD. The credit memo is partially paid with a remaining credit of $25 USD.
- D. Both the invoice and the credit memo are paid and a refund of $25 USD is created.
Answer: C
Explanation:
When you submit 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 illustrate the 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 tabledescribes 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_9F438E13CC89BA0CE040D30A68816F77
NEW QUESTION 89
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 Vision Operations and Expense Auditor Vision Services data roles to each Expense Auditor.
- B. Assign the Expense Auditor job roles to each auditor.
- C. Assign the Expense Auditor as the owner of each business unit.
- D. Use segment valuesecurity rules to secure access to business units.
Answer: A
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 toaudit 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.ht
NEW QUESTION 90
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