1Z0-1055-20 Real Exam Questions and Verified Answers

Question 1 Multiple choice

Which two statements about the submission of invoices by suppliers using Supplier Portal are true? (Choose two.)

A
A supplier can make changes to the invoice after submitting it.
B
A supplier can submit a single invoice against multiple purchase orders across different currencies and organizations.
C
A supplier can submit a single invoice against multiple purchase orders, provided the currency and organization for all the invoice items are the same as those on the purchase orders.
D
A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully billed.
E
A supplier can validate the invoice after submitting it.

Show answer and explanation

Correct answers: A, D, E

Explanation

D: (not C): You can enter a credit memo against a fully billed purchase order (use negative quantity amounts to enter a credit memo), as well as invoice against multiple purchase orders. However, the currency and organization of all items on an invoice must be the same. The organization is the entity within the buyer'scompany that you are invoicing.
IncorrectAnswers:
E: After you submit an invoice, you cannot change the invoice.
References:
https://docs.oracle.com/cd/E18727_01/doc.121/e13414/T463223T463232.htm

Question 2 Single choice

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 as the owner of each business unit on the Manage Business Unit Set Assignments page.
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 job role to each auditor and use segment value security rules to secure access to the business units.
D
Assign the Expense Auditor job role to each auditor and use a data access set to associate the business unit to the role.

Show answer and explanation

Correct answer: B

Question 3 Multiple choice

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

A
You can export and import the custom roles from Oracle Identity Manager.
B
You can export and import the allocation rules from the allocation manager.
C
You can export and import the approval rules from the approval management engine.
D
You can export and import selected business units.
E
You can export and import selected business object services.

Show answer and explanation

Correct answers: A, E

Question 4 Multiple choice

You need to create a recurring expense for one of your regular expenses.

Which three are frequencies that you can choose for these types of expenses? (Choose three.)

A
Weekly
B
Monthly
C
Bimonthly
D
Biweekly
E
Annually

Show answer and explanation

Correct answers: A, B, C

Question 5 Single choice

If you accidentally paid an invoice using Create Payment flow, can you undo the operation?

A
yes, by canceling the payment process from the process monitor
B
Cancel the invoice and create a new one.
C
yes, by voiding the payment created
D
yes, by creating a credit memo to offset the payment
E
no

Show answer and explanation

Correct answer: E

Explanation

You cannot terminate a Payment Instruction:
References:
https://docs.oracle.com/cd/E18727_01/doc.121/e12797/T295436T369088.htm

Question 6 Single choice

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?

A
March 15th
B
January 15th
C
April 15th
D
February 15th

Show answer and explanation

Correct answer: D

Question 7 Single choice

What is the result of voiding a payment?

A
A stop payment request has been initiated to the bank.
B
A bills payable payment was created but is not yet matured.
C
The payment is reconciled to the bank statement.
D
The payment is no longer valid.

Show answer and explanation

Correct answer: D

Question 8 Multiple choice

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 allows approvers to review payments and decide whether or not to approve a payment.
B
It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.
C
It defines a list of approvers who review payments and make final payment decisions.
D
It defines when to initiate the payment approval process.
E
It determines which payments must go through the payment approval process.

Show answer and explanation

Correct answers: B, C, D

Question 9 Multiple choice

Identify two ways the invoice imaging solution works in the Cloud. (Choose two.)

A
Customers cannot use invoice imaging in the Cloud.
B
Customers scan and store the invoice images on-premise and attach them during invoice entry.
C
Customers ask their suppliers to scan and email the invoice.
D
Customers ask suppliers to send electronic invoices.
E
Customers scan the invoice on-premise and email the images.

Show answer and explanation

Correct answers: C, E

Question 10 Multiple choice

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

A
Invoice Date
B
Invoice Number
C
Terms Date
D
PO Number
E
Payment Method

Show answer and explanation

Correct answers: A, B, D

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