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

Oracle 1Z0-1055-20 Online Questions & Answers

• Question 41:

  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.)

  A. The pay-through date is in a closed Payables period.
  B. The invoice has not been accounted.
  C. The invoice requires approval.
  D. The pay-through date is in a future period.
  E. The invoice needs re-validation.
  C. The invoice requires approval.
  E. The invoice needs re-validation.

• Question 42:

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

  A. Do not assign bank accounts to business units.
  B. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.
  C. Business units must be granted access to the bank account.
  D. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
  E. 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.
  C. Business units must be granted access to the bank account.
  D. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.

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  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.

• Question 43:

  The expense auditor has chosen to Request More Information for an expense report. Select two ways the system processes this action. (Choose two.)

  A. The expense report status remains Pending Payables Approval.
  B. The expense report is routed back to the approvers.
  C. The audit can be completed before the requested information is received from the employee.
  D. The employee must resubmit the expense report.
  A. The expense report status remains Pending Payables Approval.
  B. The expense report is routed back to the approvers.

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  To request more information for an expense report, select the Request More Information option from the Actions menu in theheader of the Audit Expense Report page. The employee receives a notification that includes the reason for the request, specific instructions, and any additional instructions from you. Selecting the Request More Information action results in the following: References:https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAWDE.pdf

• Question 44:

  What are the output formats supported for Electronic and Check format programs?

  A. Electronic output format of XML, Check output format of rtf
  B. Electronic output format of eText, Check output format of rtf
  C. Electronic output format of Text, Check output format of Text
  D. Electronic output format of DATA (csv), Check output format of Zipped PDFs
  E. Electronic output format of PDF, Check output format of PDF
  B. Electronic output format of eText, Check output format of rtf

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  The eText template is used specifically for electronic data interchange (EDI) and electronic funds transfer(EFT). References: https://docs.oracle.com/cd/E56614_01/common_op/OAEXT/F1203011AN1CABC.htm

• Question 45:

  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
  A. Weekly
  B. Monthly
  C. Bimonthly

• Question 46:

  What are the two advantages of using a spreadsheet for correcting invoice import errors? (Choose two.)

  A. identification of errors with clear error messages at the invoice header and line levels
  B. ability to enter a high volume of invoices via a spreadsheet
  C. ability to correct errors and re-import invoices directly from a spreadsheet
  D. identification of errors with clear error messages at the invoice header level only
  E. ability to correct errors within the spreadsheet and send invoice corrections for approval
  B. ability to enter a high volume of invoices via a spreadsheet
  C. ability to correct errors and re-import invoices directly from a spreadsheet

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  A: You can fix the interface table data using the Correct Import Errors spreadsheet and resubmits the import process.

  E: Consider using the spreadsheetto:

  Expedite high volume invoice entry for simple invoices that don't require extensive validation.

  Create invoices with similar lines.

  Maximize the use of spreadsheet features, such as copy and paste, or hide and unhide. References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011878.htm

• Question 47:

  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
  A. Invoice Date
  B. Invoice Number
  D. PO Number

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  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

• Question 48:

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

  A. Run the create accounting program.
  B. Run the invoice validation program.
  C. Remove the documents or payments causing the error and resume the payment process.
  D. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.
  E. Terminate the payment process request.
  C. Remove the documents or payments causing the error and resume the payment process.
  D. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.

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  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

• Question 49:

  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
  D. February 15th

• Question 50:

  Your customer has an electronic payment format program in use and wants all the documents to use the pay group "Domestic". What should you do to achieve this?

  A. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Document pay group", condition "Required" and value ?not applicable.
  B. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", and value "Domestic".
  C. Modify your template to hard code the value "Domestic" for the pay group position.
  D. Define a user validation at the formatprogram to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Format Program Code", condition "Equal to String" and value ?as desired.
  B. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", and value "Domestic".

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  User-Defined Validation That Checks a Specific Condition and Value

  

  References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAIPP/F1469799AN17B6B.htm