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

• Question 41:

  Which component is not included in the security architecture for creditcard data and bank account data encryption?

  A. Oracle Wallet

  B. Supplier master encryption key

  C. Sensitive data encryption and storage

  D. Payments subkeys

  E. Payments master encryption key

  Correct Answer: B

• Question 42:

  You have evaluated the use of OracleMaps Cloud service with Expenses for mileage calculation. The decision is to use this feature.

  How do you enable the feature?

  A. Set the profile option ORA_EXM_ORACLE_MAPS to yes at the site level.

  B. Set Enable Oracle Maps to yes in the expense mileagepolicies.

  C. Set Enable Oracle Maps to yes in the expense report template.

  D. Set Enable Oracle Maps to yes in the expenses system options.

  Correct Answer: D

• Question 43:

  You use corporate cards with expenses and have implemented the Company Pay payment option. An employee incurred the following expenses.

  What is the resulting payment amount made to the employee for these expenses?

  

  A. 1449

  B. 201

  C. 949

  D. 500

  Correct Answer: B

• Question 44:

  A company has a requirementto 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.

  Correct Answer: AD

• Question 45:

  Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run? (Choose two.)

  A. For the Legal Jurisdiction, Legal function: "Generate intercompany invoice" should be assigned.

  B. Schedule create accounting for the intercompany process.

  C. Supplier site primary pay flagand customer account bill to primary flag should be enabled.

  D. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.

  E. Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.

  F. Manual Approvals should be allowed for the transaction type.

  Correct Answer: CE

  References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAUGL/FAUGL1476872.ht m

• Question 46:

  Which three attributes are captured during the scanning of invoice images?

  A. Invoice Date

  B. Invoice Number

  C. Terms Date

  D. PO Number

  E. Payment Method

  Correct Answer: ABD

  For Payables invoice processing, PO number, supplier, invoice number, invoice amount, invoice date, customer taxpayer ID, and business unit are extracted as part of the predefined configurations.

  This figure shows the Scanned information tileon the Invoices landing page.

  

  References:http://docs.oracle.com/cd/E36909_01/fusionapps.1111/e20375/F569958AN60 E65.htm

• Question 47:

  You have successfully processed the expense reports for reimbursement and have transferred the information to Payables. What is the next step before you can pay them?

  A. Transfer the data to General Ledger.

  B. Validate the invoice in Payables.

  C. Create a payment process request in Payments.

  D. Create Accounting for the invoice in Payables.

  Correct Answer: B

  https://docs.oracle.com/en/cloud/saas/financials/18b/fawde/expense-reimbursements.html#FAWDE202958

  All expense reports, for which payment requests are created, are updated with a payment request identifier. After payment requests are created, they remain in a Never Validated status until the invoice validation process is run in Payables. After validation, payment requests are processed in Payments.

• Question 48:

  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

  Correct Answer: CD

  https://dataterrain.com/advantages-of-oracle-bi-publisher/

• Question 49:

  Which two invoice types can have a status of Incomplete? (Choose two.)

  A. Supplier Portal Invoices which are rejected and resubmitted for approval

  B. ScannedInvoices with incomplete or missing information

  C. Scanned Invoices which are rejected during import

  D. Prepayment Invoices which are fully paid but not applied against any invoice

  E. Supplier Portal Invoices which are saved but not yet submitted

  Correct Answer: BE

• Question 50:

  A Payment Process Request was submitted and errors were found in the payment file. The payment file and process were terminated.

  Which two statements are true? (Choose two.)

  A. The invoices are placed on payment hold.

  B. The status of each payment in the payment file is Terminated.

  C. The status of the payment file is Terminated.

  D. The status of each payment in the payment file is Cancelled and therelated documents are available for future selection.

  E. The status of the payment file is Cancelled.

  Correct Answer: CD

  If the payment file has been terminated and the documents payable have been returned to the source product, then the status ofthe Printed Payment File is Terminated. Oracle Fusion Paymentsinforms the source product of the terminated documents payable. Then for each payment in the payment file, Payments sets the status to Canceled.

  References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011879AN1739 3.htm