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

Oracle 1Z0-1055-22 Online Questions & Answers

• Question 51:

  Your client wants to retrieve values for the account code based on the invoice line description. For example, Invoice Line Description = Laptop then Account Code = 5670. Which Subledger Accounting option would you use to achieve this?

  A. Mapping Set
  B. Description Rule
  C. Supporting References
  D. EventClass Settings
  E. Transaction References
  B. Description Rule

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  Explanation/Reference:

  If you're matching to a purchase order and don't enter a value, the import process uses the item description from the purchase order line. Reference:https://docs.oracle.com/en/cloud/saas/financials/21a/fappp/invoices.html#FAPP P592120

• Question 52:

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

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

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  Explanation/Reference:

• Question 53:

  You have an invoice with a payment term that has the following settings:

  Day of Month = 15 Cut off Day = 11 Months Ahead = 0 Terms Date on Invoice = January 12th

  What will the resulting due date for the invoice installment be?

  A. March 15th
  B. January 15th
  C. April 15th
  D. February 15th
  D. February 15th

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  Explanation/Reference:

• Question 54:

  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
  A. Approval by Cost Centre owners in parallel or serial mode
  C. Approval by Project Manages in parallel or serial mode
  D. Approval by supervisor based on report amount

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  Explanation/Reference:

  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 55:

  If you accidentally paid an invoice using Create Payment flow, can you undo the operation?

  A. yes, by canceling the payment process from the process monitor
  B. Cancel the invoice and create a new one.
  C. yes, by voiding the payment created
  D. yes, by creating a credit memo to offset the payment
  E. no
  C. yes, by voiding the payment created

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  Explanation/Reference:

  You cannot terminate a Payment Instruction: References:https://docs.oracle.com/cd/E18727_01/doc.121/e12797/T295436T369088.htm

• Question 56:

  You have assigned additional roles to an existing user. However, the new roles are not appearing for the user in their Navigator menu. What should you check?

  A. Make sure you can query the user using Oracle Identity Manager (OIM) and the roles are assigned.
  B. Make sure you can query the user from the Manage Users page and verify the roles assigned.
  C. Make sure you ran the Retrieve Latest LDAP Changesprogram.
  D. Make sure the user logs out and logs back in.
  C. Make sure you ran the Retrieve Latest LDAP Changesprogram.

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  Explanation/Reference:

  Oracle Identity Management maintains Lightweight Directory Access Protocol (LDAP) user accounts for users of Oracle Fusion Applications. Oracle Identity Management also stores the definitions of abstract, job, and data roles, and holds

  information about roles provisioned to users.

  Most changes to user and role information are shared automatically by Oracle Applications Cloud and Oracle Identity Management. No action is necessary to make this exchange of information happen.

  However, you must run the processes Send Pending LDAP Requests and Retrieve Latest LDAP Changes to manage some types of information exchange between Oracle Applications Cloud and Oracle Identity Management.

  References:https://docs.oracle.com/cd/E60665_01/common/FASER/FASER1345802.htm

• Question 57:

  Before you can configure payment approval rules, your company must define a payment approval policy. Which three are done by the payment approval policy?(Choose three.)

  A. It allows approvers to review payments and decide whether or not to approve a payment.
  B. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.
  C. It defines a list of approvers who review payments and make final payment decisions.
  D. It defines when to initiate the payment approval process.
  E. It determines which payments must go through the payment approval process.
  B. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.
  C. It defines a list of approvers who review payments and make final payment decisions.
  D. It defines when to initiate the payment approval process.

• Question 58:

  Which three areattributes that are recognized by Invoice Imaging? (Choose three.)

  A. Terms Date
  B. Payment Method
  C. Invoice Date
  D. PO Number
  E. Invoice Number
  C. Invoice Date
  D. PO Number
  E. Invoice Number

• Question 59:

  A companyhas three legal entities each with a corresponding business unit all within the same country. All organizations buy and sell the same products. You are configuring the tax setup. What is the minimum number of Tax Regimes you need to configure for this company?

  A. 2
  B. 6
  C. 1
  D. 3
  D. 3

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  Explanation/Reference:

  You must set up a separate tax registration to represent each distinct registration requirement for a first party legal reporting unit. Reference:https://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20375/F527690AN1A A76.htm

• Question 60:

  The payment build program has completed but with errors.

  When submitting the payment process request, which processing option is used to review the error messages from the Manage Payment Process Request Inquiry?

  A. Set the validationfailure handling for documents to "show errors."
  B. Set the validation failure handling for payments to "stop process for review."
  C. Set the validation failure handling for payments to "show errors."
  D. Enable debug for the payment format program.
  B. Set the validation failure handling for payments to "stop process for review."