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NEW QUESTION 25
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. The audit selection rule has not been assigned in the system options page
- B. Auditing has not been enabled in the system options page
- C. The audit selection rule has not been assigned to the legal entity
- D. An expenses template and type rule has not been setup
- E. The audit selection rule has not been assigned to the business unit
Answer: E
Explanation:
Explanation
Assign audit rules to business units.
NEW QUESTION 26
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 associate the business unit to the role by using the Manage Data Access for Users page.
- B. Assign the Expense Auditor job role to each auditor and use segment value security rules to secure access to the business units.
- C. Assign the Expense Auditor job role to each auditor and use a data access set to associate the business unit to the role.
- D. Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set Assignments page.
Answer: A
NEW QUESTION 27
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 CAD, Payment Currency GBP
Prepayment: Invoice Currency USD, Payment Currency AUD - B. Standard Invoice: Invoice Currency USD, Payment Currency GBP
Prepayment: Invoice Currency USD, Payment Currency AUD - C. Standard Invoice: Invoice Currency USD, Payment Currency USD
Prepayment: Invoice Currency CAD, Payment Currency CAD - D. Standard Invoice: Invoice Currency USD, Payment Currency CAD
Prepayment: Invoice Currency CAD, Payment Currency CAD
Answer: B
Explanation:
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 28
Which three are subject area subfolders that report Payables reconciliation differences to General Ledger?
(Choose three.)
- A. Reconciliation Invoice Details
- B. Reconciliation Prepayment Application Details
- C. Reconciliation Invoice Hold Details
- D. Reconciliation Payment Details
- E. Reconciliation Invoice Request Details
Answer: A,B,D
NEW QUESTION 29
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.)
- A. Create a Payment Process Request template that includes the Disbursement Bank Account.
- B. Define the Disbursement Bank Account to the Payment Method in payment default rules.
- C. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
- D. Define the Disbursement Bank Account in the Payment tab at the supplier site level.
- E. Assign the Disbursement Bank Account to users to have the payment process default the bank account.
Answer: A,C
NEW QUESTION 30
Which two statements are true about the Invoice Validation process? (Choose two.)
- A. opens the relevant accounting period
- B. validates project information
- C. creates tax lines and distributions
- D. updates supplier balances
- E. creates accounting entries in draft
Answer: B,C
Explanation:
Explanation
Invoice validations
Etc.
References: https://docs.oracle.com/cloud/farel9/financialscs_gs/FAPPP/F1011878AN100C4.htm
NEW QUESTION 31
Which two are classified as Self-Billed invoices? (Choose two.)
- A. Evaluated Receipt Settlement (ERS) Invoices
- B. Invoices entered through the Supplier Portal
- C. Invoices created using Integrated Imaging
- D. Customer Refunds initiated from Receivables
- E. Debit Memos created by the Return to Supplier feature
- F. Expense Reports transferred from Expenses
Answer: A,B
Explanation:
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 32
Your company policy requires imaged receipts for expense reports.
Which two statements are true about the association of a receipt to an expense report? (Choose two.)
- A. Receipts are not required if the expense item falls within Per Diem Rates.
- B. Employees are not reimbursed for expense report expenditures until missing or overdue imaged receipts are submitted.
- 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: C,D
NEW QUESTION 33
In what order should the import process be run when importing suppliers?
- A. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
- B. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
- C. Supplier, Supplier Address, Supplier Site, Supplier Site Assignments
- D. any order
Answer: C
Explanation:
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 34
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?
- A. Manage common options for Payables and Procurement and Manage Procurement agents
- B. Manage Payment Options and Manage common options for Payables and Procurement
- C. Manage Invoice Options and Manage Procurement agents
- D. Manage Invoice Options and Manage common options for Payables and Procurement
- E. Manage Payable Options and Manage Invoice Options
Answer: E
Explanation:
Explanation
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 35
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 your own audit extension rules that correspond to the business unit.
- C. Create a custom duty role and assign the data roles to each auditor.
- D. Assign the auditors' specific data roles for the corresponding business units.
Answer: D
Explanation:
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 36
You are using the Payable's Deferred Expense feature (also known as Multiperiod Accounting). You have entered an invoice for a three-month lease that is entered on Jan 10th. The total expense is $12,000 and it covers the rental period from Jan 1st to Mar 31st.
Assuming that the rental expenses are split evenly per month and a monthly accounting calendar is used, what would the accounting entry be?
- A. On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Jan 10th, Debit Rental Expense for 12,000 and Credit Cash for 12,000
- B. On Jan 10th, Debit Prepaid Expense for 12,000 and Credit Liability 12,000
- C. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000 and thenOn Jan 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Feb 28th, Debit Rental Expense for
4,000 and Credit Prepared Expense for 4,000On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000 - D. On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Feb 28th, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000
Answer: C
NEW QUESTION 37
A company has a requirement to pay small suppliers outside of Payables, but it does not want to manually record each payment.
Which solution should you implement?
- A. Create payments by using Electronic Funds Transfer (EFT) for those suppliers but do not send the electronic file to the bank.
- B. Create a payment by using a wire payment method for those suppliers.
- C. Create payments by using a clearing payment method for thosesuppliers because this payment method does not generate a file.
- D. Create payments by using the Check Payment method for those suppliers and then destroy those checks.
Answer: B
Explanation:
Explanation
When you create a payment outside of Payables, for example, using a typed check or wire transfer, within Payables you can record the payment and update the invoices that you paid.
NEW QUESTION 38
Your company wants to generate intercompany transactions in USD but only if the amount involved is $3,000 USD or more. Which two intercompany system options are valid?
- A. Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.
- B. You cannot update the minimum transaction currency when intercompany currency is entered.
- C. Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider.
- D. Set the intercompany system option minimum transaction amount to $2,999.99 USD.
- E. Set the intercompany system option minimum transaction amount to $ 3,000 USD.
Answer: A,E
Explanation:
Explanation
Define intercompany system options to set up intercompany processing rules at the enterprise level, based on your specific business needs.
Minimum Transaction Amount
The minimum transaction amount represents a minimum threshold intercompany transaction amount, and prevents the submission of immaterial transactions for small amounts, which are non-value added. In order to implement this rule, you must select a minimum transaction currency for processing intercompany transactions. These two system options must be related to ensure that when comparing a transaction amount to the minimum transaction amount, the two numbers are entered in the same currency, allowing for an accurate comparison.
References:https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110451AN99BEF.htm
NEW QUESTION 39
Which reporting tool is used to report on real-time data?
- A. Smart View
- B. Oracle Financial Reporting Studio
- C. Oracle Business Intelligence Publisher
- D. Oracle Transactional Business Intelligence (OTBI)
- E. Essbase Cube
Answer: D
NEW QUESTION 40
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