Oracle 1Z0-1055-21 Online Practice Questions and Exam Preparation

Oracle 1Z0-1055-21 Online Questions & Answers

• Question 1:

  You need to route invoices to three different approvers at the same time, and only one approver needs to approve the invoice. Which approval ruleset should you use?

  A. SingleTypeParticipantInParallelModeRuleSet
  B. FyiTypeParticipantInParallelModeRuleSet
  C. InvoiceApprovalRuleSet
  D. ParallelTypeParticipantInParallelModeRuleSet
  D. ParallelTypeParticipantInParallelModeRuleSet

• Question 2:

  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

• Question 3:

  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
  E. no

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

• Question 4:

  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 5:

  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 6:

  XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However, when reviewing the invoice installments for XYZ Supplier the payables specialist is unable to override the remit-to supplier name and

  address on the Invoice installments.

  What is the reason for this?

  A. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Invoice Options page for the business unit.
  B. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Common Options for Payables and Procurement page for the business unit.
  C. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Payment Options page for the business unit.
  D. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Disbursement System Options page for the business unit.
  A. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Invoice Options page for the business unit.

• Question 7:

  An installment meets all of the selection criteria of a Payment Process Request but it still did not get selected for payment processing. Identify two reasons for this.

  A. The pay-through date is in a closed Payables period.
  B. The pay-through date is in a future period.
  C. The invoices need revalidation.
  D. The invoice has not been accounted.
  E. The installment was manually removed.
  A. The pay-through date is in a closed Payables period.
  C. The invoices need revalidation.

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  An installment can meet the selection criteria of a payment process request, yet not get selected for payment for one or more reasons.

  You can review installments that were not selected for payment, along with the reasons they were not selected, on the Not Selected tab of the Review Installments page.

  The reasons are as follows:

  References:https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm

• Question 8:

  Your customer has requested a modification to the payment file to meet the acceptable bank standards. The changes were based on a format of a seeded payment process profile which is already in use. The only changes made are to the field positions. What two steps can make these changes work?

  A. No change in the template is needed as we can achieve this using user-defined validations to move the positions as required.
  B. Keep the payment process profile and leave the format programs unchanged.
  C. Copy and modify the existing template to alter the positions as requested by the bank.
  D. Create a newpayment process profile and a new format program.
  E. Create a new template to make changes as requested by the bank.
  F. Oracle Data Integrator or Golden Gate can be used to map the fields as required.
  C. Copy and modify the existing template to alter the positions as requested by the bank.
  E. Create a new template to make changes as requested by the bank.

• Question 9:

  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.

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  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 10:

  You have assigned additional roles to an existing user. However, the new roles are not appearing for the user in their Navigator menu. What should you check?

  A. Make sure you can query the user using Oracle Identity Manager (OIM) and the roles are assigned.
  B. Make sure you can query the user from the Manage Users page and verify the roles assigned.
  C. Make sure you ran the Retrieve Latest LDAP Changes program.
  D. Make sure the user logs out and logs back in.
  C. Make sure you ran the Retrieve Latest LDAP Changes program.

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  Oracle Identity Management maintains Lightweight Directory Access Protocol (LDAP) user accounts for users of Oracle Fusion Applications. Oracle Identity Management also stores the definitions of abstract, job, and data roles, and holds information about roles provisioned to users. Most changes to user and role information are shared automatically by Oracle Applications Cloud and Oracle Identity Management. No action is necessary to make this exchange of information happen. However, you must run the processes Send Pending LDAP Requests and Retrieve Latest LDAP Changes to manage some types of information exchange between Oracle Applications Cloud and Oracle Identity Management. References:https://docs.oracle.com/cd/E60665_01/common/FASER/FASER1345802.htm