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

Oracle 1Z0-1055-21 Online Questions & Answers

• Question 71:

  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)
  B. Smart View

• Question 72:

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

• Question 73:

  Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation. (Choose two.)

  A. Do not assign bank accounts to business units.
  B. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.
  C. Business units must be granted access to the bank account.
  D. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
  E. Allow bank accounts to be accessed by all roles and users because the default value to secure a bank account by users and roles is No.
  C. Business units must be granted access to the bank account.
  D. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.

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  Account Access Payables and Receivables account access is secured by business unit. In addition to selecting theappropriate application use or uses, one or more business units must be granted access before the bank account can be used by Payables and Receivables. Only business units that use the same ledger as the bank accounts owning legal entity can be assigned access.

• Question 74:

  You want your expense auditors to audit only expense reports for specific business units. How do you do this?

  A. Create a custom duty role and assign the data roles to each auditor.
  B. Create your own audit extension rules that correspond to the business unit.
  C. Make auditors the managers of the corresponding business unit to route expense reports properly.
  D. Assign the expense auditors job role and business unit security context and value to the user.
  D. Assign the expense auditors job role and business unit security context and value to the user.

• Question 75:

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

• Question 76:

  Identify two ways the invoice imaging solution works in the Cloud. (Choose two.)

  A. Customers cannot use invoice imaging in the Cloud.
  B. Customers scan and store the invoice images on-premise and attach them during invoice entry.
  C. Customers ask their suppliers to scan and email the invoice.
  D. Customers ask suppliers to send electronic invoices.
  E. Customers scan the invoice on-premise and email the images.
  C. Customers ask their suppliers to scan and email the invoice.
  E. Customers scan the invoice on-premise and email the images.

• Question 77:

  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
  A. three procurement business units

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  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 78:

  A company has a requirement to default the disbursement bank account when submitting a Payment Process Request. Which actions will accomplish this? (Choose two.)

  A. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
  B. Define the Disbursement Bank Account to the Payment Method in payment default rules.
  C. Define the Disbursement Bank Account to every supplier.
  D. Create a Payment Process Request template that includes the Disbursement Bank Account.
  E. Assign the Disbursement Bank Account to users to have the payment process default the bank account.
  D. Create a Payment Process Request template that includes the Disbursement Bank Account.
  E. Assign the Disbursement Bank Account to users to have the payment process default the bank account.

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  D: You can assign thedisbursement bank account and the payment process profile to all documents payable in the payment process request during the Submit Payment Process Request process. If you use a payment process request

  template, a disbursement bank account and a payment process profile default from the template.

  DE:The following options affect payment processing:

  References:https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm

• Question 79:

  When reviewing installments, what setup is required to override the supplier site on an invoice?

  A. Allow the remit-to supplier override for third-party payments at Manage Invoice options.
  B. Allow the remit-to supplier address override for third-party payments at Manage Invoice options.
  C. Allow payee to override for third-party payments while Manage Invoice options.
  D. Allow the remit-to supplier override for third-party payments at Manage Payment options.
  B. Allow the remit-to supplier address override for third-party payments at Manage Invoice options.

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  (Optional) Setting the Remit-to Supplier Override Option References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAIPP/F1470346AN14ECB.htm

• Question 80:

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