Oracle 1Z0-1055-22 Online Practice Questions and Exam Preparation

Oracle 1Z0-1055-22 Online Questions & Answers

• Question 1:

  You have invoices with distributions across primary balancing segments that represent different companies.

  What feature should you use if you want the system to automatically balance your invoice's liability amount across the same balancing segments on the invoice distributions?

  A. Payable's Automatic Offset
  B. Intercompany Balancing
  C. Subledger Accounting's Account Rules
  D. Suspense Accounts
  E. Payables' Allow Reconciliation Accounting
  A. Payable's Automatic Offset

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  Explanation/Reference:

  If you do not enable Automatic Offsets,Payables records the invoice liability using the liability account on the invoice, which defaults from the supplier site. When you distribute invoice distributions across multiple balancing segments, the invoice will not balance by balancing segment. However, General Ledger can automatically create intercompany balancing entries when you post the invoice if you have enabled the Balance Intercompany Journals option for your set of books.

  References:https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/autoff01.htm

• Question 2:

  What is the difference between subject areas that append the word "Real Time" and those that do not?

  A. The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.
  B. The "Real Time" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.
  C. There is no difference.
  D. The "Real Time" subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.
  B. The "Real Time" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.

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  Explanation/Reference:

  In Oracle Fusion applications, there are two types of subject areas:

  Subject areas whose names usually end with Real Time and access real-time (transactional) data.

  Subject areas whose names usually do notend with Real Time andaccess data warehouse data.

  References: https://docs.oracle.com/cloud/farel8/common/OATBI/postinstallation.htm

• Question 3:

  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 4:

  Which statementis correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

  A. The user needs to specify which payment term to use.
  B. The payment term of the purchase order overrides the invoice payment term.
  C. The payment term of the invoice overrides the purchase order payment term.
  D. The purchase order payment term cannot be overridden.
  E. The user needs to manually change the payment term on the invoice to match the purchase order payment term.
  C. The payment term of the invoice overrides the purchase order payment term.

• Question 5:

  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 tosend 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 6:

  Your customer has requested a modification to the payment file to meet the acceptable bank standards. The changes were based on a format of a seeded payment process profile which is already in use. The only changes made are to the field positions. What two steps can make these changes work?

  A. No change in the template is needed as we can achieve this using user-defined validations to move the positions as required.
  B. Keep the payment process profile and leave the format programs unchanged.
  C. Copy and modify the existing template to alter the positions as requested by the bank.
  D. Create a newpayment process profile and a new format program.
  E. Create a new template to make changes as requested by the bank.
  F. Oracle Data Integrator or Golden Gate can be used to map the fields as required.
  C. Copy and modify the existing template to alter the positions as requested by the bank.
  E. Create a new template to make changes as requested by the bank.

• Question 7:

  You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post the invoice to general ledger?

  A. Enter the invoice via a spreadsheet. Then, fromthe Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger's Manage Journals page and post the associated invoice journal entry.
  B. Enter the invoice in the Create Invoice page, choose the Validate option, andthen the Account and Post to Ledger option.
  C. Enter and post a manual journal entry directly into the general ledger.
  D. Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.
  B. Enter the invoice in the Create Invoice page, choose the Validate option, andthen the Account and Post to Ledger option.

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  Explanation/Reference:

• Question 8:

  Which two tools can you use to build layouts for BI Publisher reports? (Choose two.)

  A. Report Developer
  B. BI Composer
  C. Template Builder for Word
  D. Layout Editor
  E. BI Answers
  C. Template Builder for Word
  D. Layout Editor

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  Explanation/Reference:

• Question 9:

  In the implementationproject, there is a requirement to add new transactional attributes to the Expense Approver Report workflow notification. Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

  A. The original Source
  B. The Output types
  C. The layout-template
  D. The Data Model
  E. The Style-Template
  C. The layout-template
  E. The Style-Template

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  Explanation/Reference:

  Style Template: Provides styles such as the type of lines and fonts to use in tables, or the font type, size, and color to use for headings Report:Contains a layout template that determines: Which attributes appear in the notification, from the data model used for the report What the notification looks like, leveraging components from the subtemplate and styles from the style template used for the report Reference: https://docs.oracle.com/en/cloud/saas/financials/20b/faiex/expenses- configuration.html#FAIEX2657210

• Question 10:

  Which is the Payables tool based on real-time data?

  A. Essbase Cube
  B. Smart View
  C. Oracle Transactional Business Intelligence (OTBI)
  D. Oracle Business Intelligence Applications (OBIA)
  E. Oracle Financial Reporting (FR)
  C. Oracle Transactional Business Intelligence (OTBI)

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  Explanation/Reference:

  Oracle Transactional Business Intelligence (OTBI) provides real-time insight into HCM business processes. Traditional ad-hoc reporting tools require a user to have an understanding of the data objects in the database. References:http:// www.oracle.com/us/products/applications/fusion/hcm-oracle- transactional-bi-ds-2187697.pdf