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

• Question 21:

  Which three reports are generated by the export setup data process? (Choose three.)

  A. Exported Business Object Report

  B. Process Results Report

  C. Process Results Summary Report

  D. Process Results Detail Listing Report

  E. Setup Data Report

  Correct Answer: BCE

• Question 22:

  Which three are invoice types that can be entered using the Supplier Portal? (Choose three.)

  A. Invoices that are automatically created when the supplier creates an ASN for drop shipments

  B. B2B XML invoices

  C. Non purchase order matched invoices

  D. Invoices that are created from the Evaluated Receipt Settlement (ERS) process

  E. Purchase order matched invoices

  Correct Answer: BDE

• Question 23:

  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

  Correct Answer: D

• Question 24:

  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

  Correct Answer: CDE

• Question 25:

  You need to create a payment for a supplier before the next payment run. The invoice you wish to pay is not available for selection in the Create Payment page. Which two are possible reasons for this? (Choose two.)

  A. The payment supplier site is different to the supplier site on the invoice.

  B. The invoice is not yet due.

  C. The invoice is not validated.

  D. The payment method for the invoice is Electronic.

  E. The invoice is not accounted.

  Correct Answer: BD

• Question 26:

  Which three are supported image formats for the Integrated Imaging solution? (Choose three.)

  A. RTF

  B. JPEG

  C. TIFF

  D. XLS

  E. PNG

  Correct Answer: BCE

• Question 27:

  Which three are Invoice Header attributes that can be used during invoice approval rule creation? (Choose three.)

  A. Business Unit Name

  B. Pay Group Lookup Code

  C. Statistical Amount

  D. Requester Name

  E. Accounting Date

  Correct Answer: ABE

• Question 28:

  Your client company wants to ensure that the payments they are sending to their financial institution are

  valid and formatted correctly. They would like to identify any validation failures as early in the process as

  possible.

  Where would you suggest the validations are set?

  A. Supplier Site

  B. Payment Method

  C. Payment Format

  D. Payment Terms

  E. Disbursement Bank Account

  Correct Answer: B

• Question 29:

  What is the recommendation when setting up Reconciliation Rule Sets?

  A. One to One rules should be sequenced below rules of other types.

  B. Many to Many rules should always be used last in the sequence.

  C. One to One rules should be sequenced above rules of other types.

  D. Many to Many rules should always be used first in the sequence.

  Correct Answer: C

• Question 30:

  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

  Correct Answer: ABC