Oracle 1Z0-1055-20 Online Practice Questions and Exam Preparation

Oracle 1Z0-1055-20 Online Questions & Answers

• Question 91:

  What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?

  A. values that are organized into parent-child relationships
  B. data that is metric and can be added up or aggregated
  C. information about a business object with values that are dates, Ids or text
  D. data that provides a measure of something
  C. information about a business object with values that are dates, Ids or text

• Question 92:

  Which method can you use to route payment approval rules?

  A. Approval Groups
  B. Sequential
  C. Both Parallel and Sequential
  D. Parallel
  E. Serial and FYI (For Your Information)
  A. Approval Groups

• Question 93:

  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 the Check Payment method for those suppliers and then destroy those checks.
  B. Create payments by using Electronic Funds Transfer (EFT) for those suppliers but do not send the electronic file to the bank.
  C. Create payments by using a clearing payment method for thosesuppliers because this payment method does not generate a file.
  D. Create a payment by using a wire payment method for those suppliers.
  D. Create a payment by using a wire payment method for those suppliers.

  ---

  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.

• Question 94:

  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 not be processed.
  B. The system will issue an error message after the approval has been initiated.
  C. Invoice will be sent to User 1 for approval.
  D. Invoice will be auto-approved.
  A. Invoice will not be processed.

• Question 95:

  What is the name of the Work Area that is used to access Functional Setup Manager?

  A. Functional Work Area
  B. Functional Setup Manager
  C. Customization Manager
  D. Setup and Maintenance
  E. Customize Setup and Maintenance
  D. Setup and Maintenance

  ---

  All Oracle Functional Setup Manager functionality is available from the Setup and Maintenance work area. References:https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004385.htm

• Question 96:

  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. a Dedicated Service Provider model
  C. Business Unit Security
  D. a Dedicated and Self-Service Service Provider Model
  C. Business Unit Security

• Question 97:

  Which three types of payments can you make if you have access to Disbursement Process Management Duty? (Choose three.)

  A. Reimbursement of employee expense reports
  B. Employee advances
  C. Supplier payments
  D. Customer refunds
  E. Ad hoc payments
  A. Reimbursement of employee expense reports
  C. Supplier payments
  D. Customer refunds

• Question 98:

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

  A. Bills payable requiring maturity
  B. Unaccounted invoices and payments
  C. Suppliers on payment holds
  D. Unapplied prepayments
  E. Incomplete payment files
  C. Suppliers on payment holds
  D. Unapplied prepayments
  E. Incomplete payment files

• Question 99:

  You purchased a computer from Company A for 2000 USD. Company B ships you the computer with freight charges of 100 USD. You would like the cost of the computer to include those freight charges. How can you achieve this?

  A. Choose Match to Receipt.
  B. Enter the Invoice manually and add the freight line.
  C. Choose to Match to Receipt Charges.
  D. Choose to Match to Invoice Lines.
  E. Choose to Match in full to the Purchase Order.
  C. Choose to Match to Receipt Charges.

• Question 100:

  Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

  A. The user needs to specify which payment term to use.
  B. The payment term of the purchase order overrides the invoice payment term.
  C. The payment term of the invoice overrides the purchase order payment term.
  D. The purchase order payment term cannot be overridden.
  E. The user needs to manually change the payment term on the invoice to match the purchase order payment term.
  C. The payment term of the invoice overrides the purchase order payment term.