Oracle 1z0-1055-20 Dumps - 100% Cover Real Exam Questions (Updated 114 Questions)
Real 1z0-1055-20 dumps - Real Oracle dumps PDF
Oracle 1z0-1055-20 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
| Topic 6 |
|
| Topic 7 |
|
| Topic 8 |
|
| Topic 10 |
|
| Topic 11 |
|
| Topic 12 |
|
NEW QUESTION 29
Which two statements are true about the Invoice Validation process? (Choose two.)
- A. validates project information
- B. opens the relevant accounting period
- C. creates accounting entries in draft
- D. updates supplier balances
- E. creates tax lines and distributions
Answer: A,E
Explanation:
Explanation
Invoice validations
Etc.
References: https://docs.oracle.com/cloud/farel9/financialscs_gs/FAPPP/F1011878AN100C4.htm
NEW QUESTION 30
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 is already on hold.
- B. The invoice has been partially paid by another payment.
- C. The invoice accounting date is not in the current open period.
- D. The invoice date is not in the current open period.
Answer: B
NEW QUESTION 31
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. Annually
- B. Weekly
- C. Biweekly
- D. Monthly
- E. Bimonthly
Answer: B,D,E
NEW QUESTION 32
In what order should the import process be run when importing suppliers?
- A. Supplier, Supplier Address, Supplier Site, Supplier Site Assignments
- B. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
- C. any order
- D. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
Answer: B
Explanation:
Explanation
The following programs are used to import supplier information:
When importing supplier records containing data in each table, then Suppliers must be run first, followed by the Supplier Sites import process. Once the data is inserted, the following concurrent processes must be run to create the information in Oracle Fusion Suppliers.
Suppliers Import Process
Supplier Sites Import Process
Supplier Site Contacts Import Process
Supplier Site Assignments Process
References:https://docs.oracle.com/cd/E56614_01/procurementop_gs/OAPRC/F1007476AN1079E.htm
NEW QUESTION 33
The expense auditor has chosen to Request More Information for an expense report. Select two ways the system processes this action. (Choose two.)
- A. The employee must resubmit the expense report.
- B. The audit can be completed before the requested information is received from the employee.
- C. The expense report status remains Pending Payables Approval.
- D. The expense report is routed back to the approvers.
Answer: C,D
NEW QUESTION 34
You need to create a payment for a supplier before the next payment run. The invoice you wish to pay is not available for selection in the Create Payment page.
Which two are possible reasons for this? (Choose two.)
- A. The invoice is not validated.
- B. The payment supplier site is different to the supplier site on the invoice.
- C. The invoice is not yet due.
- D. The invoice is not accounted.
- E. The payment method for the invoice is Electronic.
Answer: C,E
NEW QUESTION 35
Which three are invoice types that can be entered using the Supplier Portal? (Choose three.)
- A. B2B XML invoices
- B. Invoices that are automatically created when the supplier creates an ASN for drop shipments
- C. Invoices that are created from the Evaluated Receipt Settlement (ERS) process
- D. Non purchase order matched invoices
- E. Purchase order matched invoices
Answer: A,C,E
NEW QUESTION 36
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements. (Choose two.)
- A. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.
- B. For period end accruals, the invoice accounting debits the expense account and credits the liability account.
- C. For period end accruals, accounting is created at material receipt or at delivery to a final destination.
- D. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.
Answer: A,B
NEW QUESTION 37
While entering an expense report for your corporate card transactions, you notice that the conversion rate defined in the Manage Conversion Rates and Policies page is not used.
What is the reason?
- A. You did not specify a default expense template.
- B. You did not define conversion rates for your business unit.
- C. Only cash transactions use those settings.
- D. You did not define conversion rates in the General Ledger Cloud.
Answer: C
Explanation:
Explanation
Conversion rate behavior applies only to cash expenses, not to corporate card expenses.
References:https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAIEX/F1456644AN125F2.htm
NEW QUESTION 38
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 in full to the Purchase Order.
- B. Enter the Invoice manually and add the freight line.
- C. Choose Match to Receipt.
- D. Choose to Match to Receipt Charges.
- E. Choose to Match to Invoice Lines.
Answer: D
NEW QUESTION 39
Which two statements are true about processing corporate card expenses? (Choose two.)
- A. Usage policy for expense category tolerances does not apply to credit card expenses.
- B. Card transactions will be paid directly from Expenses Cloud.
- C. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.
- D. You can process payment for credit card using Electronic funds transfer, check, or wire.
- E. Conversion rate defaults apply only to cash expenses, not to corporate card expenses.
Answer: A,E
Explanation:
Explanation
Conversion rate behavior applies only to cash expenses, not to corporate card expenses.
To enable your company to pay a corporate card issuer, you enter a default payment method, whether check, EFT (Electronic funds transfer), or wire, in the Address Payment Information region of the Edit Corporate Card Issuer page, as well as bank account information.
References:
https://docs.oracle.com/cloud/latest/financialscs_gs/FAIEX/FAIEX1456644.htm
https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110434AN7B1F9.htm
NEW QUESTION 40
Your customer has an electronic payment format program in use and wants all the documents to use the pay group "Domestic". What should you do to achieve this?
- A. Define a user validation at the format program to include: Field "Document pay group", condition
"Equal to String", value "Domestic", and Field "Document pay group", condition "Required" and value
- not applicable. - B. Modify your template to hard code the value "Domestic" for the pay group position.
- C. Define a user validation at the formatprogram to include: Field "Document pay group", condition
"Equal to String", value "Domestic", and Field "Format Program Code", condition "Equal to String" and value - as desired. - D. Define a user validation at the format program to include: Field "Document pay group", condition
"Equal to String", and value "Domestic".
Answer: D
Explanation:
Explanation
User-Defined Validation That Checks a Specific Condition and Value
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAIPP/F1469799AN17B6B.htm
NEW QUESTION 41
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. Payment Terms
- B. Payment Format
- C. Payment Method
- D. Disbursement Bank Account
- E. Supplier Site
Answer: C
NEW QUESTION 42
The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct? (Choose three.)
- A. Any previous accounting and payment records for an invoice are reversed.
- B. Any realized gain or loss previously calculated is reversed.
- C. All related withholding tax invoices are automatically voided.
- D. All related interest invoices are reversed if previously created.
- E. Voiding the payment automatically places an invoice on hold.
Answer: A,B,D
Explanation:
Explanation
D: When you void a payment, Payables automatically reverses the accounting and payment records so your general ledger will have the correct information, and so the status of the paid invoices is reset to Unpaid. Payables also reverses any realized gains or losses on foreign currency invoices recorded as paid by the payment.
B: If you withhold taxes at payment time and you void a payment that paid an invoice with an associated withholding tax invoice, then Payables automatically creates a negative (reversing) invoice for the tax authority supplier to offset the amount of the tax withholding invoice. You determine when you withhold taxes by selecting the Apply Withholding Tax option in the Payables Options page.
References: Oracle Payables User's Guide, Voiding Payments Using the Payments Window
NEW QUESTION 43
You want your expense auditors to audit only expense reports for specific business units. How do you do this?
- A. Make auditors the managers of the corresponding business unit to route expense reports properly.
- B. Create a custom duty role and assign the data roles to each auditor.
- C. Create your own audit extension rules that correspond to the business unit.
- D. Assign the expense auditors job role and business unit security context and value to the user.
Answer: D
NEW QUESTION 44
An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected for payment processing.
What are the two possible reasons for this? (Choose two.)
- A. The pay-through date is in a future period.
- B. The pay-through date is in a closed Payables period.
- C. The invoice has not been accounted.
- D. The invoice requires approval.
- E. The invoice needs re-validation.
Answer: D,E
NEW QUESTION 45
Which job role has full access to perform all Functional Setup Manager related activities?
- A. Application Implementation Consultant
- B. Any Functional User
- C. Functional Setup Manager Superuser
- D. IT Security Manager
- E. Application System Administrator
Answer: A
NEW QUESTION 46
You have modified your tax setup and want to test the changes on actual Payables transactions. How do you validate before enabling for transaction?
- A. by changing the tax status to test and then entering a payables invoice
- B. by creating a payable invoice, and by validating and reviewing the tax application
- C. Oracle Transactional Business Intelligence (OTBI)
- D. by using Tax Simulator to test
- E. by creating accounting in draft mode
Answer: D
Explanation:
Explanation
Run taxes from all applicable tax regimes against a sample transaction to verify that your tax configuration and tax rules were created and applied according to yourrequirements. You can either create a sample transaction within Tax Simulator or copy an existing transaction. The simulated tax calculations do not affect live data.
Note:The Tax Simulator is a tool for simulating the tax determination process in your tax setup. The Tax Simulator lets you preview the workings of your tax configuration before you perform tax calculations on live transactions in a subledger application. TheTax Simulator also allows you to test new tax configuration in conjunction with existing tax configuration to preview the resulting tax calculation. The Tax Simulator is a useful tool to identify the root cause when tax calculation is not what is expectedon live data.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAFTT/F1006654AN226D8.htm
NEW QUESTION 47
What is the name of the Work Area that is used to access Functional Setup Manager?
- A. Customize Setup and Maintenance
- B. Setup and Maintenance
- C. Customization Manager
- D. Functional Work Area
- E. Functional Setup Manager
Answer: B
Explanation:
Explanation
All Oracle Functional Setup Manager functionality is available from the Setup and Maintenance work area.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004385.htm
NEW QUESTION 48
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. Assign the same Invoice Header Identifier to multiple invoices you want to group.
- B. Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.
- C. Make sure the Invoice Number is the same.
- D. Make sure all the invoice dates are the same.
- E. Enter a value in the Invoice Group field to group similar invoices into a batch.
Answer: B
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 49
Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation. (Choose two.)
- A. Business units must be granted access to the bank account.
- B. Allow bank accounts to be accessed by all roles and users because the default value to secure a bank account by users and roles is No.
- C. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
- D. Do not assign bank accounts to business units.
- E. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.
Answer: A,C
Explanation:
Explanation
Account Access
Payables and Receivables account access is secured by business unit. In addition to selecting theappropriate application use or uses, one or more business units must be granted access before the bank account can be used by Payables and Receivables. Only business units that use the same ledger as the bank accounts owning legal entity can be assigned access.
NEW QUESTION 50
What is the result of voiding a payment?
- A. A bills payable payment was created but is not yet matured.
- B. A stop payment request has been initiated to the bank.
- C. The payment is reconciled to the bank statement.
- D. The payment is no longer valid.
Answer: D
NEW QUESTION 51
When reviewing installments, what setup is required to override the supplier site on an invoice?
- A. Allow the remit-to supplier override for third-party payments at Manage Invoice options.
- B. Allow the remit-to supplier address override for third-party payments at Manage Invoice options.
- C. Allow payee to override for third-party payments while Manage Invoice options.
- D. Allow the remit-to supplier override for third-party payments at Manage Payment options.
Answer: B
Explanation:
Explanation
(Optional) Setting the Remit-to Supplier Override Option
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAIPP/F1470346AN14ECB.htm
NEW QUESTION 52
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 defines when to initiate the payment approval process.
- B. It determines which payments must go through the payment approval process.
- C. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.
- D. It allows approvers to review payments and decide whether or not to approve a payment.
- E. It defines a list of approvers who review payments and make final payment decisions.
Answer: A,C,E
NEW QUESTION 53
......
Realistic Easy4Engine 1z0-1055-20 Dumps PDF - 100% Passing Guarantee: https://www.easy4engine.com/1z0-1055-20-test-engine.html
