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

Oracle 1Z0-1055-21 Online Questions & Answers

• Question 51:

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

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  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 52:

  You have created an approval rule as follows:

  Rule 1: If the invoice amount > $1000, route it to User 1. Rule 2: If the invoice amount < $1000, auto approve it. Now, the user creates an invoice for $1000 and routes it for approval.

  What will happen?

  A. Invoice will not be processed.
  B. The system will issue an error message after the approval has been initiated.
  C. Invoice will be sent to User 1 for approval.
  D. Invoice will be auto-approved.
  A. Invoice will not be processed.

• Question 53:

  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.
  B. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
  D. An expense report may require original, imaged, or both types of receipts.

• Question 54:

  You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?

  A. Needs Revalidation
  B. Not Validated
  C. Not Required
  D. Imported
  E. Validated
  D. Imported

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  After the import process builds the invoices, the invoices can be viewed, modified, and validated on the Manage Invoices page. References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_A149B7BD08207B6DE040D30 A68816335

• Question 55:

  While processing an expense report, the system placed a payment hold on the expense report. What are two ways to release payment holds? (Choose two.)

  A. The employee can manually release the hold.
  B. Payables Manager can release payment holds in Payables.
  C. The employee's supervisor can manually release the hold.
  D. The expense auditor can manually release the payment hold at his discretion.
  E. Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.
  D. The expense auditor can manually release the payment hold at his discretion.
  E. Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.

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  Payment holds are released in the following ways: References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm

• Question 56:

  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
  B. Payment Method

• Question 57:

  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.
  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.

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  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 58:

  Your company policy requires that receipts be attached to expense report items before reimbursement can be made. Which two statements are true about the association of a receipt to an expense report? (Choose two.)

  A. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
  B. Receipts are not required if the expense item falls within Per Diem Rates.
  C. Expenses do not create payment requests for expense reports that have missing or overdue receipts.
  D. An expense report may require original, imaged, or both types of receipts.
  C. Expenses do not create payment requests for expense reports that have missing or overdue receipts.
  D. An expense report may require original, imaged, or both types of receipts.

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  Your company periodically schedules and runs the Generate Overdue and Missing Receipts Notification process that generates overdue receipt notifications. If receipts are overdue and setup requires that the individual be notified, then Expenses automatically sends a notification to the individual to inform him that receipts are overdue. An expense report may require original, imaged, or both types of receipts. References:https://docs.oracle.com/cloud/farel8/financialscs_gs/ FAWDE/F1005004AN1204B.htm

• Question 59:

  You have created your first implementation project. You have assigned the Application Implementation Consultant role to your user. However, you are unable to create and add roles to users in Oracle Identity Management (OIM). This issue is caused because you did not assign the ________.

  A. Superuser role to your user
  B. IT Security Manager role to your user
  C. Application Implementation Manager role to your user
  D. Line Manager role to your user
  C. Application Implementation Manager role to your user

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  For an implementation to begin, at least one user must be provisioned with the Application Implementation Manager role, and another or the same user must be provisioned with the ApplicationImplementation Consultant role. The Application Implementation Consultant has broad access to set up all enterprise structures.

• Question 60:

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