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

• Question 31:

  You purchased a computer from Company A for 2000 USD. Company B ships you the computer with freight charges of 100 USD. You would like the cost of the computer to include those freight charges. How can you achieve this?

  A. Choose Match to Receipt.

  B. Enter the Invoice manually and add the freight line.

  C. Choose to Match to Receipt Charges.

  D. Choose to Match to Invoice Lines.

  E. Choose to Match in full to the Purchase Order.

  Correct Answer: C

• Question 32:

  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

  Correct Answer: E

• Question 33:

  Which reporting tool is used to report on real-time data?

  A. Essbase Cube

  B. Smart View

  C. Oracle Business Intelligence Publisher

  D. Oracle Financial Reporting Studio

  E. Oracle Transactional Business Intelligence (OTBI)

  Correct Answer: B

• Question 34:

  A Bill Payable document was paid but has not yet matured. What is the status of the payment?

  A. In Transit

  B. Cleared

  C. Negotiable

  D. Issued

  Correct Answer: D

• Question 35:

  Your company policy requires imaged receipts for expense reports. Which two statements are true about the association of a receipt to an expense report? (Choose two.)

  A. Employees are not reimbursed for expense report expenditures until missing or overdue imaged receipts are submitted.

  B. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.

  C. Receipts are not required if the expense item falls within Per Diem Rates.

  D. An expense report may require original, imaged, or both types of receipts.

  Correct Answer: BD

• Question 36:

  An Office supplies company requires an advance payment of $8000 for the office supplies you wish to order. You enter and pay a prepayment type invoice for $8000. You enter the standard invoice to book the expense which totals $10000 and you apply the prepayment to the standard invoice. What are the

  accounting entries for that standard invoice with the prepayment application?

  A. Invoice accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.The prepayment application has no impact on the Invoice.

  B. Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application

  -Dr AP Liability 8000 Cr Prepayment Account 8000.

  C. Invoice Accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr Expense Account 8000 Cr Prepayment Account 8000.

  D. Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application

  -Dr AP Liability Account 2000 Cr Prepayment Account 2000.

  Correct Answer: A

• Question 37:

  Which three are subject area subfolders that report Payables reconciliation differences to General Ledger? (Choose three.)

  A. Reconciliation Payment Details

  B. Reconciliation Prepayment Application Details

  C. Reconciliation Invoice Details

  D. Reconciliation Invoice Hold Details

  E. Reconciliation Invoice Request Details

  Correct Answer: ABC

• Question 38:

  You are voiding a payment and have selected Cancel as the Invoice Action. After performing the void, you

  notice the invoice is not cancelled but has an Invoice Cancel hold on it.

  What is reason for this?

  A. The invoice has been partially paid by another payment.

  B. The invoice date is not in the current open period.

  C. The invoice is already on hold.

  D. The invoice accounting date is not in the current open period.

  Correct Answer: A

• Question 39:

  What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?

  A. values that are organized into parent-child relationships

  B. data that is metric and can be added up or aggregated

  C. information about a business object with values that are dates, Ids or text

  D. data that provides a measure of something

  Correct Answer: C

• Question 40:

  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

  Correct Answer: BC

  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