Oracle Oracle Financials Cloud 1Z0-1055-22 Questions & Answers

• Question 101:

  Which three types of payments can you make if you have access to Disbursement Process Management Duty? (Choose three.)

  A. Reimbursement of employee expense reports

  B. Employee advances

  C. Supplier payments

  D. Customer refunds

  E. Ad hoc payments

  Correct Answer: ACD

• Question 102:

  XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However, when reviewing the invoice installments for XYZ Supplier the payables specialistis unable to override the remit-to supplier name and address on the Invoice installments.

  What is the reason for this?

  A. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Invoice Options page for the business unit.

  B. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Common Options for Payables and Procurement page for the business unit.

  C. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Payment Options page for the business unit.

  D. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Disbursement System Options page for the business unit.

  Correct Answer: A

• Question 103:

  Which two are classified as Self-Billed invoices? (Choose two.)

  A. Customer Refunds initiated from Receivables

  B. Evaluated Receipt Settlement (ERS) Invoices

  C. Invoices created using Integrated Imaging

  D. Expense Reports transferred from Expenses

  E. Debit Memos created by the Return to Supplier feature

  F. Invoices entered through the Supplier Portal

  Correct Answer: BE

• Question 104:

  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 105:

  An installment meets all the selection criteria of a Payment Process Request, but it stilldoes not get selected for payment processing.

  What are the two possible reasons for this? (Choose two.)

  A. The pay-through date is in a closed Payables period.

  B. The invoice has not been accounted.

  C. The invoice requires approval.

  D. The pay-through date is in a future period.

  E. The invoice needs re-validation.

  Correct Answer: CE

• Question 106:

  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. ApplicationImplementation Consultant

  Correct Answer: E

• Question 107:

  You are evaluating the predefined expense report approval rules within your test environment to see if they meet current business requirements.

  Which three rule sets are part of the predefined setup? (Choose three.)

  A. Approval by Cost Centre owners in parallel or serial mode

  B. Approval by supervisor based on expenses type amount

  C. Approval by Project Manages in parallel or serial mode

  D. Approval by supervisor based on report amount

  E. Approval by a Group based on report amount in parallel or serial mode

  Correct Answer: ACD

  Approval by cost center owners in parallel mode Approval by cost center owners in serial mode Approval by project managers in parallel mode Approval by project managers in serial mode Approval by supervisor based on report amount Reference: https://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F569964AN58859.htm

• Question 108:

  You need to have an invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage.

  Select two methods to achieve this. (Choose two.)

  A. Configure Subledger Accounting rules to allocate costs.

  B. Define a distribution set and assign it manually to the invoice.

  C. Choose the `All Lines' option from the Allocate menu in the invoice line area.

  D. Define a distribution set and assign it to the supplier.

  Correct Answer: BD

• Question 109:

  Which data is visible to a Payables user in the Payables to General Ledger Reconciliation report?

  A. Data for all business units and one balancing segment in the ledger

  B. Data for authorized business units only; no GL data is visible

  C. Data for all business units and all balancing segments in the ledger

  D. Data for authorized business units and GL data for all balancing segments in the ledger (unless restricted)

  Correct Answer: D

• Question 110:

  Which two statements are true related to configuration package? (Choose two.)

  A. You can export and import the custom roles from Oracle Identity Manager.

  B. You can export and import the allocation rules from the allocation manager.

  C. You can export and import the approval rules from the approval management engine.

  D. You can export and import selected business units.

  E. You can export and import selected business object services.

  Correct Answer: DE

  D. You can export and import selected business units.

  E. You can export and import selected business object services.