Pass Your 1z0-1055-22 Dumps as PDF Updated on 2023 With 142 Questions [Q39-Q63]

Pass Your 1z0-1055-22 Dumps as PDF Updated on 2023 With 142 Questions [Q39-Q63]

May 20, 2023 latestexam 0 Comments

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Pass Your 1z0-1055-22 Dumps as PDF Updated on 2023 With 142 Questions

Oracle 1z0-1055-22 Real Exam Questions and Answers FREE

NEW QUESTION 39
Which two tools can you use to build layouts for BI Publisher reports? (Choose two.)

Report Developer

BI Composer

Template Builder for Word

Layout Editor

BI Answers

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 40
You are evaluating the predefined expense report approval rules within your test environment to see if they meet current business requirements.
Which three rule sets are part of the predefined setup? (Choose three.)

Approval by Cost Centre owners in parallel or serial mode

Approval by supervisor based on expenses type amount

Approval by Project Manages in parallel or serial mode

Approval by supervisor based on report amount

Approval by a Group based on report amount in parallel or serial mode

Approval by cost center owners in parallel mode
Approval by cost center owners in serial mode
Approval by project managers in parallel mode
Approval by project managers in serial mode
Approval by supervisor based on report amount

NEW QUESTION 41
Which three are attributes that are recognized by Invoice Imaging? (Choose three.)

Terms Date

Payment Method

Invoice Date

PO Number

Invoice Number

NEW QUESTION 42
Which three are valid reasons why you cannot close your Payables period? (Choose three.)

Bills payable requiring maturity

Unaccounted invoices and payments

Suppliers on payment holds

Unapplied prepayments

Incomplete payment files

NEW QUESTION 43
Which invoice types can be included in the Create Payment flow?

Standard, Credit Memo and Debit Memo

Standard, Credit Memo and Customer Refund

Standard, Credit Memo, and Invoice Request

Standard, Debit Memo and Customer Refund

NEW QUESTION 44
Which two statements are true related to configuration package? (Choose two.)

You can export and import the custom roles from Oracle Identity Manager.

You can export and import the allocation rules from the allocation manager.

You can export and import the approval rules from the approval management engine.

You can export and import selected business units.

You can export and import selected business object services.

NEW QUESTION 45
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which two actions will accomplish this? (Choose two.)

Define the Disbursement Bank Account in the Payment tab at the supplier site level.

Create a Payment Process Request template that includes the Disbursement Bank Account.

Assign the Disbursement Bank Account to users to have the payment process default the bank account.

Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.

Define the Disbursement Bank Account to the Payment Method in payment default rules.

NEW QUESTION 46
You have 10 ledgers and 30 business units and want to leverage Preference Data Sets. What is the function of Reference Data Sets?

allow you to secure data by business unit

allow you to assign multiple business units to users in a shared service center

allow you to maintain sets of related data in a Data Dictionary

allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup

Reference Data Sets
You begin this part of your implementation by creating and assigning reference data to sets. Make changes carefully as changes to a particular set affect all business units or application components using that set. You can assign a separate set to each business unit for the typeofobject that is being shared. For example, assign separate sets for payment terms, transaction types, and sales methods to your business units.
Your enterprise can determine that certain aspects of your corporate policy can affect all business units. The remaining aspects are at the discretion of the business unit manager to implement. This allows your enterprise to balance autonomy and control for each business unit. For example, your enterprise holds business unit managers accountable for their profitand loss, but manages working capital requirements at a corporate level. In such a case, you can let managers define their own sales methods, but define payment terms centrally. In this example:
Each business unit has its own reference data set for salesmethods.
One central reference data set for payment terms is assigned to all business units.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAIGL/FAIGL1493157.htm#FAIGL94314

NEW QUESTION 47
An installment for $2,000 USD is due for payment on July 31, 2018. The installment has two discounts: the first discount date is June 15, 2018 for $150 USD and the second discount date is June 30, 2018 for $50 USD.
You submit a Payment Process Request with the following criteria:
Payment Date = June 20, 2018
Pay Through Date = July 30, 2018
Date Basis = Due Date
What will be the resulting status of the installment and discount?

The installment is not selected because the discount dates are before the Pay Through Date.

The installment is selected and no discount is applied.

The installment is not selected because the due date is after the Pay Through Date.

The installment is selected and a discount of $50 USD is applied.

The installment is selected and a discount of $150 USD is applied.

References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm#FAPPP1011879

NEW QUESTION 48
Which two invoice types can have a status of Incomplete? (Choose two.)

Supplier Portal Invoices which are rejected and resubmitted for approval

Scanned Invoices with incomplete or missing information

Scanned Invoices which are rejected during import

Prepayment Invoices which are fully paid but not applied against any invoice

Supplier Portal Invoices which are saved but not yet submitted

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 49
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?

The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.

The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.

The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.

The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.

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 50
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.)

It allows approvers to review payments and decide whether or not to approve a payment.

It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.

It defines a list of approvers who review payments and make final payment decisions.

It defines when to initiate the payment approval process.

It determines which payments must go through the payment approval process.

NEW QUESTION 51
You are testing the Payables to General Ledger Reconciliation report at the ledger level for your UK Ledger, you have run and selected the extract for the report but the request returned the message no data to display.
What is the reason for this?

You did not specify the range of liability accounts to include in the extract.

The reconciliation flag has not been enabled for your liability accounts.

The financial category of Accounts Payable is not assigned to the liability accounts.

You did not select the business units associated to the UK Ledger.

NEW QUESTION 52
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?

Mapping Set

Description Rule

Supporting References

Event Class Settings

Transaction References

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 53
A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross currency rate type the default?

Manage Invoice Options and Manage common options for Payables and Procurement

Manage Payable Options and Manage Invoice Options

Manage Invoice Options and Manage Procurement agents

Manage common options for Payables and Procurement and Manage Procurement agents

Manage Payment Options and Manage common options for Payables and Procurement

You can change the conversion rate type at invoice entry or payment creation time.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAIPP/FAIPP1470345.htm

NEW QUESTION 54
You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?

Run the create accounting program.

Run the invoice validation program.

Remove the documents or payments causing the error and resume the payment process.

Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.

Terminate the payment process request.

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 55
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?

three procurement business units

one business unit per supplier

five sold-to business units

four requisition business units

twelve business units per supplier

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 56
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which actions will accomplish this? (Choose two.)

Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.

Define the Disbursement Bank Account to the Payment Method in payment default rules.

Define the Disbursement Bank Account to every supplier.

Create a Payment Process Request template that includes the Disbursement Bank Account.

Assign the Disbursement Bank Account to users to have the payment process default the bank account.

D: You can assign thedisbursement bank account and the payment process profile to all documents payable in the payment process request during the Submit Payment Process Request process. If you use a payment process request template, a disbursement bank account and a payment process profile default from the template.
DE:The following options affect payment processing:
References:https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm

NEW QUESTION 57
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.)

The employee can manually release the hold.

Payables Manager can release payment holds in Payables.

The employee’s supervisor can manually release the hold.

The expense auditor can manually release the payment hold at his discretion.

Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.

Payment holds are released in the following ways:
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm

NEW QUESTION 58
You need to enter a high volume of users into the system. What is Oracle’s recommendation to do this?

Use the Enter a Supplier user interface and enter each user manually.

Use the Hire an Employee user interface and enter each user manually.

Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Cloud Applications.

use the spreadsheet of Oracle Identity Manager (OIM) to import users.

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 59
You have an invoice with a payment term that has the following settings:
* Day of Month = 15
* Cut off Day = 11
* Months Ahead = 0
* Terms Date on Invoice = January 12th
What will the resulting due date for the invoice installment be?

March 15th

January 15th

April 15th

February 15th

NEW QUESTION 60
Which three attributes are captured during the scanning of invoice images?

Invoice Date

Invoice Number

Terms Date

PO Number

Payment Method

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 61
Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation. (Choose two.)

Do not assign bank accounts to business units.

Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.

Business units must be granted access to the bank account.

Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.

Allow bank accounts to be accessed by all roles and users because the default value to secure a bank account by users and roles is No.

Account Access
Payables and Receivables account access is secured by business unit. In addition to selecting theappropriate application use or uses, one or more business units must be granted access before the bank account can be used by Payables and Receivables. Only business units that use the same ledger as the bank accounts owning legal entity can be assigned access.

NEW QUESTION 62
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?

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.

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.

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.

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.

NEW QUESTION 63
An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected for payment processing.
What are the two possible reasons for this? (Choose two.)

The pay-through date is in a closed Payables period.

The invoice has not been accounted.

The invoice requires approval.

The pay-through date is in a future period.

The invoice needs re-validation.

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The Oracle 1z0-1055-22 exam is an essential certification for professionals seeking to implement Oracle Financials Cloud: Payables 2022. This exam is designed to validate the candidate’s expertise in the implementation of Oracle Financials Cloud: Payables 2022, including configuring and managing payables, managing payment methods, and processing invoices.

Pass Oracle 1z0-1055-22 Exam Info and Free Practice Test: https://www.latestcram.com/1z0-1055-22-exam-cram-questions.html

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Pass Your 1z0-1055-22 Dumps as PDF Updated on 2023 With 142 Questions [Q39-Q63]

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