Oracle Enterprise Resource Planning (ERP) 1Z0-1055-21 Questions & Answers

• Question 11:

  You have 10 ledgers and 30 business units and want to leverage Preference Data Sets. What is the function of Reference Data Sets?

  A. allow you to secure data by business unit

  B. allow you to assign multiple business units to users in a shared service center

  C. allow you to maintain sets of related data in a Data Dictionary

  D. allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup

  Correct Answer: D

  Reference Data Sets You begin this part of your implementation by creating and assigning reference data to sets. Make changes carefully as changes to a particular set affect all business units or application components using that set. You can assign a separate set to each business unit for the typeofobject that is being shared. For example, assign separate sets for payment terms, transaction types, and sales methods to your business units. Your enterprise can determine that certain aspects of your corporate policy can affect all business units. The remaining aspects are at the discretion of the business unit manager to implement. This allows your enterprise to balance autonomy and control for each business unit. For example, your enterprise holds business unit managers accountable for their profitand loss, but manages working capital requirements at a corporate level. In such a case, you can let managers define their own sales methods, but define

  payment terms centrally. In this example:

  Each business unit has its own reference data set for salesmethods. One central reference data set for

  payment terms is assigned to all business units. References:https://docs.oracle.com/cloud/latest/

  financialscs_gs/FAIGL/FAIGL1493157.htm#FAIGL94

• Question 12:

  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.

  Correct Answer: AC

  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 13:

  You need to enter a high volume of users into the system. What is Oracle's recommendation to do this?

  A. Use the Enter a Supplier user interface and enter each user manually.

  B. Use the Hire an Employee user interface and enter each user manually.

  C. Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Cloud Applications.

  D. use the spreadsheet of Oracle Identity Manager (OIM) to import users.

  Correct Answer: C

  If you have batch of users that have to be created, the Oracle team can bulk load the users into the OIM Application. References:http://docs.oracle.com/cd/E79623_01/rms/pdf/160C/html/admin_guide/tasks.htm Answer:

• Question 14:

  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

  Correct Answer: D

  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 15:

  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.

  Correct Answer: CE

• Question 16:

  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. Use segment valuesecurity rules to secure access to business units.

  B. Assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles to each Expense Auditor.

  C. Assign the Expense Auditor as the owner of each business unit.

  D. Assign the Expense Auditor job roles to each auditor.

  Correct Answer: B

  You can enable expense auditors to audit expense reports for specific business units by assigning them specific expense auditor data roles for the business units. For example, to allow an expense auditor toaudit expense reports for the Vision Operations and Vision Services business units, assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles, respectively, to the expense auditor. References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.ht

• Question 17:

  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.

  Correct Answer: CD

  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 18:

  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

  Correct Answer: C

• Question 19:

  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.

  Correct Answer: A

• Question 20:

  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

  Correct Answer: D