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

Oracle 1Z0-1055-20 Online Questions & Answers

• Question 71:

  Which dashboard or workarea displays the Scanned Invoices region for invoices processed through the Payables Integrated Imaging solution?

  A. Manage Invoices page
  B. C-level executives
  C. Invoices Workarea only
  D. Payables Dashboard only
  E. Payables Dashboard and Invoices Workarea
  C. Invoices Workarea only

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  Accounts payable specialists can view the list of scanned images for invoice entry, along with the additional routing attributes, in the Scanned Invoices region of the Invoices work area. References:http://docs.oracle.com/cd/E36909_01/ fusionapps.1111/e20375/F569958AN60E65.htm

• Question 72:

  What two job roles are required to access information within Functional Setup Manager? (Choose two.)

  A. Application Implementation Manager
  B. Any Functional User
  C. Application Implementation Consultant
  D. Functional Setup Manager Superuser
  E. IT Security Manager
  A. Application Implementation Manager
  C. Application Implementation Consultant

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  Provision the implementation user with the Application Implementation Manager job role or the Application Implementation Consultant job role by usingthe Security Console Users tab. References:https://docs.oracle.com/cloud/latest/ financialscs_gs/FACSF/FACSF1004385.htm

• Question 73:

  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?

  A. three procurement business units
  B. one business unit per supplier
  C. five sold-to business units
  D. four requisition business units
  E. twelve business units per supplier
  A. three procurement business units

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  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.h tm

• Question 74:

  Which job role has full access to perform all Functional Setup Manager related activities?

  A. Application System Administrator
  B. Any Functional User
  C. Functional Setup Manager Superuser
  D. IT Security Manager
  E. Application Implementation Consultant
  E. Application Implementation Consultant

• Question 75:

  Identify three statements that indicate the purpose of Functional Setup Manager.

  A. It allows you to centrally manage the close processes across subledgers and ledgers.
  B. it allows you to assign setup tasks to individuals with due dates where users must manually update their completion status.
  C. It automatically marks the completion status of tasks as Completed once they have been completed.
  D. It automatically generates lists of setup tasks in the correct sequence with dependencies highlighted.
  E. It provides a central place to access and perform all of the setup steps across the applications.
  C. It automatically marks the completion status of tasks as Completed once they have been completed.
  D. It automatically generates lists of setup tasks in the correct sequence with dependencies highlighted.
  E. It provides a central place to access and perform all of the setup steps across the applications.

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  With Oracle Fusion Functional Setup Manager you can: References:https://docs.oracle.com/cd/E56614_01/common_op/OAFSM/F1166427AN1007E.htm

• Question 76:

  In what order should the import process be run when importing suppliers?

  A. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
  B. Supplier, Supplier Address, Supplier Site, Supplier Site Assignments
  C. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
  D. any order
  A. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment

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  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.h tm

• Question 77:

  You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements. (Choose two.)

  A. For period end accruals, accounting is created at material receipt or at delivery to a final destination.
  B. For period end accruals, the invoice accounting debits the expense account and credits the liability account.
  C. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.
  D. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.
  B. For period end accruals, the invoice accounting debits the expense account and credits the liability account.
  C. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.

• Question 78:

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

  A. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
  B. Define the Disbursement Bank Account to the Payment Method in payment default rules.
  C. Define the Disbursement Bank Account to every supplier.
  D. Create a Payment Process Request template that includes the Disbursement Bank Account.
  E. Assign the Disbursement Bank Account to users to have the payment process default the bank account.
  D. Create a Payment Process Request template that includes the Disbursement Bank Account.
  E. Assign the Disbursement Bank Account to users to have the payment process default the bank account.

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  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

• Question 79:

  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.
  D. The payment is no longer valid.

• Question 80:

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

  A. Standard, Credit Memo and Debit Memo
  B. Standard, Credit Memo and Customer Refund
  C. Standard, Credit Memo, and Invoice Request
  D. Standard, Debit Memo and Customer Refund
  A. Standard, Credit Memo and Debit Memo