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

Oracle 1Z0-1055-22 Online Questions & Answers

• Question 121:

  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 rolesto 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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  Explanation/Reference:

  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 Consultantrole. The Application Implementation Consultant has broad access to set up all enterprise structures.

• Question 122:

  What is the invoice type of an unapproved, unmatched invoice that wascreated in the Supplier Portal?

  A. Standard Invoice
  B. Standard invoice request
  C. Credit Memo
  D. Supplier payment request
  E. iSupplier Invoice
  B. Standard invoice request

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  Explanation/Reference:

  Standard invoice request: An invoice submitted without a purchase order by a supplierthrough Oracle Fusion Supplier Portal thatis pending review and approval by the appropriate persons within the deploying company. References:https://docs.oracle.com/cd/E37583_01/doc.1116/e22897/F431919AN100ED.ht m

• Question 123:

  An invoice for $200 USD and a credit memo for $225 USD are due for payment and the "Apply credits up to zero amount" option is enabled for the payment process request. Which statement is correct?

  A. The payment process request pays only $200 USD alone.
  B. The payment process request applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.
  C. The payment process request creates a refund for $225 USD and leaves the invoice unpaid.
  D. The payment process request doesn't select the invoice or credit memo for payment because the credit reduces the payment to - $25 USD, which is below zero.
  B. The payment process request applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.

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  Explanation/Reference:

  When you submit a "payment process request", you can enable the Apply credits up to zero amount payment option. Enablingthe option causes the payment process to apply credits when the credits reduce the payment amount below zero.

  The following scenario illustrate the impact of this option.

  Credit Amount Greater Than Invoice Amount

  An invoice for 200 USD and a credit memofor 225 USD are due for payment.

  The following table describes the payment processing that occurs based on the setting for the Apply credits up to zero amount payment option.

  Assume that the "Apply Credits Up to Zero Amount" option is enabled. Paymentprocessing applies 200 USD of the credit memo to the invoice and creates a payment for 0 USD. The remaining credit is 25 USD.

  References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9F438E13CC89BA0C E040D30A68816F77

• Question 124:

  A Bill Payable document was paid but has not yet matured. What is the status of the payment?

  A. In Transit
  B. Cleared
  C. Negotiable
  D. Issued
  D. Issued

• Question 125:

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

• Question 126:

  Which three arevalid reasons why you cannot close your Payables period? (Choose three.)

  A. Bills payable requiring maturity
  B. Unaccounted invoices and payments
  C. Suppliers on payment holds
  D. Unapplied prepayments
  E. Incomplete payment files
  A. Bills payable requiring maturity
  B. Unaccounted invoices and payments
  E. Incomplete payment files

• Question 127:

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

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  Explanation/Reference:

• Question 128:

  Your company wants to generate intercompany transactions in USD butonly if the amount involved is $3,000 USD or more. Which two intercompany system options are valid?

  A. You cannot update the minimum transaction currency when intercompany currency is entered.
  B. Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.
  C. Set the intercompany system option minimum transaction amount to $ 3,000 USD.
  D. Approval rules need to set the allow of the intercompany transactions to be routed to thereceiver or provider.
  E. Set the intercompany system option minimum transaction amount to $2,999.99 USD.
  A. You cannot update the minimum transaction currency when intercompany currency is entered.
  C. Set the intercompany system option minimum transaction amount to $ 3,000 USD.

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  Explanation/Reference:

• Question 129:

  Select three reasons why you cannot close your Payables period. (Choose three.)

  A. open intercompany transactions
  B. unapplied prepayments
  C. suppliers on payment holds
  D. bills payable requiring maturity
  E. unaccounted invoices and payments
  A. open intercompany transactions
  D. bills payable requiring maturity
  E. unaccounted invoices and payments

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  Explanation/Reference:

  The types of exceptions reported are: References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9DE8D32BDBE0FBA DE040D30A688146CA

• Question 130:

  What does the Place of Supply rule value "Bill to Party" imply in an Oracle Payables Invoice?

  A. Location assigned to the Supplier Party Site for the transactions
  B. Location assigned to the Legal Entity for the transactions
  C. Location assigned to the Legal Entity Reporting Unit for the transactions
  D. Locationassigned to the Business Unit for the transactions
  D. Locationassigned to the Business Unit for the transactions

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  Explanation/Reference: