Quality 1Z0-1055-21 PDF Dumps - 1Z0-1055-21 Exam Questions
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Oracle 1Z0-1055-21 Exam Syllabus Topics:
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NEW QUESTION 26
You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?
- A. Terminate the payment process request.
- B. Remove the documents or payments causing the error and resume the payment process.
- C. Run the create accounting program.
- D. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.
- E. Run the invoice validation program.
Answer: B,D
Explanation:
Explanation
Using the Resolve Document Validation Errors Page, you may review the errors and takeaction. You may fix related data, such as third party payee information, and submit the documents for revalidation. You may also remove documents from the Payment Process Request, which sends the documents back to the source product with the validation failure reason, just as rejection does.
References:https://docs.oracle.com/cd/E18727_01/doc.121/e13415/T456136T484670.htm
NEW QUESTION 27
When creating a check payment, from where is the payment document defaulted?
- A. Business Unit
- B. Legal Entity
- C. Bank
- D. Supplier
- E. Bank Account
Answer: E
Explanation:
Explanation
Create Check
This step shows how to create a check to pay the customer for theclaim. The customer will be paid with the designated amount in Oracle Payables.
Navigation: Actions > Pay in Full.
Notes:
Bank Account: Select BofA.
Document: Select Check.
References:https://docs.oracle.com/cd/E18727_01/doc.121/e16295/T544851T544993.htm
NEW QUESTION 28
Which two statements are true related to configuration package? (Choose two.)
- A. You can export and import selected business units.
- B. You can export and import the approval rules from the approval management engine.
- C. You can export and import the custom roles from Oracle Identity Manager.
- D. You can export and import the allocation rules from the allocation manager.
- E. You can export and import selected business object services.
Answer: C,E
NEW QUESTION 29
You have a high volume of invoices to enter that have similar lines and do not require extensive validation.
What must you do if you want to group multiple invoices in a batch during spreadsheet entry?
- A. Make sure the Invoice Number is the same.
- B. Assign the same Invoice Header Identifier to multiple invoices you want to group.
- C. Enter a value in the Invoice Group field to group similar invoices into a batch.
- D. Make sure all the invoice dates are the same.
- E. Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.
Answer: E
Explanation:
Explanation
What's an invoice group?
A collection of invoices that is used as a parameter for the Validate Payables Invoice process, a selection criteria for submitting a payment process request, and a parameter in some reports. If you enable the invoice option Require invoice grouping, you must associate each invoice with an invoice group.
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAPPP/F1011878AN100C4.htm
NEW QUESTION 30
You have two business units: Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?
- A. Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set Assignments page.
- B. Assign the Expense Auditor job role to each auditor and use segment value security rules to secure access to the business units.
- C. Assign the Expense Auditor job role to each auditor and associate the business unit to the role by using the Manage Data Access for Users page.
- D. Assign the Expense Auditor job role to each auditor and use a data access set to associate the business unit to the role.
Answer: C
NEW QUESTION 31
A company has 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. 0
- B. 1
- C. 2
- D. 3
Answer: D
Explanation:
Explanation
You must set up a separate tax registration to represent each distinct registration requirement for a first party legal reporting unit.
NEW QUESTION 32
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 supervisor based on report amount
- B. Approval by Cost Centre owners in parallel or serial mode
- C. Approval by supervisor based on expenses type amount
- D. Approval by a Group based on report amount in parallel or serial mode
- E. Approval by Project Manages in parallel or serial mode
Answer: A,B,E
Explanation:
Explanation
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
NEW QUESTION 33
What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?
- A. The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.
- B. The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.
- C. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.
- D. The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.
Answer: B
Explanation:
Explanation
Run the Payables Unaccounted Transactions Sweep program to transfer unaccounted transactions from one accounting period to another. If your accounting practices permit it, use this program to change the accounting date of the transactions to the next open period.
The program transfers unaccounted transactions to the period you specify by updating the accounting dates to the first day of the new period.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011880AN1B948.htm
NEW QUESTION 34
You need to create a recurring expense for one of your regular expenses.
Which three are frequencies that you can choose for these types of expenses? (Choose three.)
- A. Weekly
- B. Monthly
- C. Annually
- D. Bimonthly
- E. Biweekly
Answer: A,B,E
NEW QUESTION 35
In the implementation project, 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 Data Model
- D. The Style-Template
- E. The layout-template
Answer: D,E
Explanation:
Explanation
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
NEW QUESTION 36
Your client company wants to ensure that the payments they are sending to their financial institution are valid and formatted correctly. They would like to identify any validation failures as early in the process as possible.
Where would you suggest the validations are set?
- A. Disbursement Bank Account
- B. Payment Terms
- C. Payment Method
- D. Supplier Site
- E. Payment Format
Answer: C
NEW QUESTION 37
Which two statements are true about the Invoice Validation process? (Choose two.)
- A. creates tax lines and distributions
- B. validates project information
- C. opens the relevant accounting period
- D. updates supplier balances
- E. creates accounting entries in draft
Answer: A,B
Explanation:
Explanation
Invoice validations
Etc.
References: https://docs.oracle.com/cloud/farel9/financialscs_gs/FAPPP/F1011878AN100C4.htm
NEW QUESTION 38
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. 0
- B. 1
- C. 2
- D. 3
Answer: A
Explanation:
Explanation
Company Pay: Your company pays the corporate card issuer for all transactions.
NEW QUESTION 39
Which data is visible to a Payables user in the Payables to General Ledger Reconciliation report?
- A. Data for authorized business units and GL data for all balancing segments in the ledger (unless restricted)
- B. Data for all business units and all balancing segments in the ledger
- C. Data for all business units and one balancing segment in the ledger
- D. Data for authorized business units only; no GL data is visible
Answer: C
Explanation:
Explanation
Payables users can also see general ledger data for all balancing segment values in the ledger.
NEW QUESTION 40
Which three reports are generated by the export setup data process? (Choose three.)
- A. Process Results Summary Report
- B. Process Results Detail Listing Report
- C. Setup Data Report
- D. Process Results Report
- E. Exported Business Object Report
Answer: A,C,D
NEW QUESTION 41
Which three are attributes that are recognized by Invoice Imaging? (Choose three.)
- A. Terms Date
- B. Invoice Date
- C. Invoice Number
- D. PO Number
- E. Payment Method
Answer: B,C,D
NEW QUESTION 42
What are the output formats supported for Electronic and Check format programs?
- A. Electronic output format of PDF, Check output format of PDF
- B. Electronic output format of XML, Check output format of rtf
- C. Electronic output format of DATA (csv), Check output format of Zipped PDFs
- D. Electronic output format of eText, Check output format of rtf
- E. Electronic output format of Text, Check output format of Text
Answer: D
Explanation:
Explanation
The eText template is used specifically for electronic data interchange (EDI) and electronic funds transfer(EFT).
References: https://docs.oracle.com/cd/E56614_01/common_op/OAEXT/F1203011AN1CABC.htm
NEW QUESTION 43
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 Reporting Unit for the transactions
- C. Location assigned to the Legal Entity for the transactions
- D. Location assigned to the Business Unit for the transactions
Answer: B
Explanation:
Explanation
The corresponding place of supply differs based on the type of transaction. For example, a place of supply of Ship to corresponds to the location of your first-party legal entity for Payables transactions. For Receivables transactions, Ship to corresponds to the location of your customer site.
NEW QUESTION 44
You are voiding a payment and have selected Cancel as the Invoice Action. After performing the void, you notice the invoice is not cancelled but has an Invoice Cancel hold on it.
What is reason for this?
- A. The invoice has been partially paid by another payment.
- B. The invoice date is not in the current open period.
- C. The invoice is already on hold.
- D. The invoice accounting date is not in the current open period.
Answer: A
NEW QUESTION 45
An installment meets all of the selection criteria of a Payment Process Request but it still did not get selected for payment processing. Identify two reasons for this.
- A. The pay-through date is in a closed Payables period.
- B. The invoices need revalidation.
- C. The invoice has not been accounted.
- D. The installment was manually removed.
- E. The pay-through date is in a future period.
Answer: A,B
Explanation:
Explanation
An installment can meet the selection criteria of a payment process request, yet not get selected for payment for one or more reasons.
You can review installments that were not selected for payment, along with the reasons they were not selected, on the Not Selected tab of the Review Installments page.
The reasons are as follows:
References:https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm
NEW QUESTION 46
You purchased a computer from Company A for 2000 USD. Company B ships you the computer with freight charges of 100 USD. You would like the cost of the computer to include those freight charges.
How can you achieve this?
- A. Choose to Match to Invoice Lines.
- B. Enter the Invoice manually and add the freight line.
- C. Choose to Match to Receipt Charges.
- D. Choose Match to Receipt.
- E. Choose to Match in full to the Purchase Order.
Answer: C
NEW QUESTION 47
Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?
- A. Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.
- B. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
- C. Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
- D. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
Answer: A
NEW QUESTION 48
What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?
- A. data that provides a measure of something
- B. values that are organized into parent-child relationships
- C. information about a business object with values that are dates, Ids or text
- D. data that is metric and can be added up or aggregated
Answer: C
NEW QUESTION 49
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. yes, by voiding the payment created
- C. no
- D. yes, by creating a credit memo to offset the payment
- E. Cancel the invoice and create a new one.
Answer: C
Explanation:
Explanation
You cannot terminate a Payment Instruction:
References:https://docs.oracle.com/cd/E18727_01/doc.121/e12797/T295436T369088.htm
NEW QUESTION 50
What two job roles are required to access information within Functional Setup Manager? (Choose two.)
- A. Application Implementation Manager
- B. Any Functional User
- C. Functional Setup Manager Superuser
- D. Application Implementation Consultant
- E. IT Security Manager
Answer: A,D
Explanation:
Explanation
Provision the implementation user with the Application Implementation Manager job role or the Application Implementation Consultant job role by usingthe Security Console Users tab.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004385.htm
NEW QUESTION 51
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