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

• Question 41:

  While entering an expense report for your corporate card transactions, you notice that the conversion rate

  defined in the Manage Conversion Rates and Policies page is not used.

  What is the reason?

  A. You did not define conversion rates for your business unit.

  B. You did not specify a default expense template.

  C. Only cash transactions use those settings.

  D. You did not define conversion rates in the General Ledger Cloud.

  Correct Answer: C

  Conversion rate behavior applies only to cash expenses, not to corporate card expenses. References:https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAIEX/F1456644AN125F2.htm

• Question 42:

  You need to submit a 1099 report; your State format has changed slightly since last year. How should you submit your 1099s for the State in the current year?

  A. Manually enter the 1099s for the State and submit.

  B. Generate a 1096 form and submit it instead.

  C. Run and submit your 1099s because it will automatically reflect any changes.

  D. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.

  Correct Answer: D

• Question 43:

  You want to customize the Payables Invoice Register template to only display invoices when the Supplier name is Company

  A. Supplier name is a group that repeats on every page. Which is the correct way to customize the template?

  B. Insert the syntax before the Supplier field on the template. Then, enter the tag after the invoices table.

  C. Insert the syntax before the Supplier field and then enter the closing tag .

  D. Insert the syntax before the Supplier field and then enter the closing tag after the invoices table.

  E. Hard code Supplier Name "Company A" in the report template and only invoices for that supplier will be displayed.

  Correct Answer: D

  Use an if statement to define asimple condition; for example, if a data field is a specific value. Insert the

  following syntax to designate the beginning of the conditional area.

  Insert the following syntax at the end of the conditional area: . References:https://isu.ifmo.ru/

  docs/XMLP/help/en_US/htmfiles/B25951_01/T421739T421743.htm

• Question 44:

  Identify three scenarios where you are not allowed to cancel an invoice. (Choose three.)

  A. Prepayments were applied to the invoice.

  B. An accounting entry has been created for the invoice.

  C. The invoice is validated.

  D. The invoice is fully or partially paid.

  E. The invoice was adjusted by a credit or a debit memo.

  Correct Answer: ADE

  Why can't I cancel an invoice?

  The invoice is:

  Additional reasons thatyou can't cancel an invoice are as follows:

  You can cancel any unapproved invoice, or an approved invoice that does not have anyeffective payments

  or posting holds.

  References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011878.htm#FAPPP1

  011878

• Question 45:

  Which attributes on the payables invoice can be used during approval rule creation?

  A. company segment, cost center segment, supplier, and Attribute 1 on the invoice line

  B. company and cost center segment only

  C. supplier only

  D. cost center segment and supplier only

  Correct Answer: A

• Question 46:

  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

  Correct Answer: A

  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 47:

  You created a payment and before it is cashed by the supplier you mistakenly submitted a request to stop payment. Later you canceled the request to stop payment. What is the resulting payment status?

  A. Voided

  B. Negotiable

  C. Stop initiated

  D. Available

  E. Canceled

  F. Cleared

  Correct Answer: B

  To release a stop on a payment: References:https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/adjpmt04.htm

• Question 48:

  Before you can configure payment approval rules, your company must define a payment approval policy. Which three are done by the payment approval policy? (Choose three.)

  A. It allows approvers to review payments and decide whether or not to approve a payment.

  B. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.

  C. It defines a list of approvers who review payments and make final payment decisions.

  D. It defines when to initiate the payment approval process.

  E. It determines which payments must go through the payment approval process.

  Correct Answer: BCD

• Question 49:

  Which two statements about the submission of invoices by suppliers using Supplier Portal are true? (Choose two.)

  A. A supplier can make changes to the invoice after submitting it.

  B. A supplier can submit a single invoice against multiple purchase orders across different currencies and organizations.

  C. A supplier can submit a single invoice against multiple purchase orders, provided the currency and organization for all the invoice items are the same as those on the purchase orders.

  D. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully billed.

  E. A supplier can validate the invoice after submitting it.

  Correct Answer: ADE

  D: (not C): You can enter a credit memo against a fully billed purchase order (use negative quantity amounts to enter a credit memo), as well as invoice against multiple purchase orders. However, the currency and organization of all items on an invoice must be the same. The organization is the entity within the buyer'scompany that you are invoicing. IncorrectAnswers:

  E: After you submit an invoice, you cannot change the invoice. References:https://docs.oracle.com/cd/ E18727_01/doc.121/e13414/T463223T463232.htm

• Question 50:

  Your customer matches their invoices to a purchase order and have noticed that the payment terms are

  defaulting from the order. For some suppliers, they would like to use the payment terms from the supplier

  site.

  How can the customer achieve this?

  A. Enter the payment terms in the Manage Payment Options page so they default onto the invoice.

  B. Enter the payment terms at the Supplier level so they default onto the invoice.

  C. Enter the payment terms at the supplier site level so they default onto the invoice.

  D. Manually override the payment terms that have defaulted from the purchase order for those suppliers.

  E. Enter the payment terms in the Manage Invoice Options page so they default onto the invoice.

  Correct Answer: D