1Z0-1055-23 Free Certification Exam Material from ValidBraindumps with 143 Questions
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NEW QUESTION # 54
Which two tools can you use to build layouts for BI Publisher reports?
- A. BI Answers
- B. Report Developer
- C. Layout Editor
- D. BI Composer
- E. Template Builder for Word
Answer: A,B
Explanation:
Oracle BI Publisher report development requires specialist developer resources to build / modify the XML layout designs.
layout editor - Helps you to easily create report layouts directly in a web browser or with familiar desktop tools, such as Microsoft Word, Microsoft Excel, or Adobe Acrobat.
NEW QUESTION # 55
You created a payment and before it is cashed by the supplier you mistakenly submitted a request to stop payment. Later you canceled the request to stop payment. What is the resulting payment status?
- A. Voided
- B. Canceled
- C. Stop initiated
- D. Cleared
- E. Available
- F. Negotiable
Answer: F
Explanation:
To release a stop on a payment:
References:https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/adjpmt04.htm
NEW QUESTION # 56
You need to enter a high volume of users into the system. What is Oracle's recommendation to do this?
- A. use the spreadsheet of Oracle Identity Manager (OIM) to import users.
- B. Use the Hire an Employee user interface and enter each user manually.
- C. Use the Enter a Supplier user interface and enter each user manually.
- D. Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Cloud Applications.
Answer: C
Explanation:
If you have batch of users that have to be created, the Oracle team can bulk load the users into the OIM Application.
References:http://docs.oracle.com/cd/E79623_01/rms/pdf/160C/html/admin_guide/tasks.htm
NEW QUESTION # 57
XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However, when reviewing the invoice installments for XYZ Supplier the payables specialist is unable to override the remit-to supplier name and address on the Invoice installments.
What is the reason for this?
- A. The option ,Allow remit-to supplier override for third-party payments, is not checked in the Disbursement System Options page for the business unit.
- B. The option ,Allow remit-to supplier override for third-party payments, is not checked in the Payment Options page for the business unit.
- C. The option ,Allow remit-to supplier override for third-party payments, is not checked in the Invoice Options page for the business unit.
- D. The option ,Allow remit-to supplier override for third-party payments, is not checked in the Common Options for Payables and Procurement page for the business unit.
Answer: C
NEW QUESTION # 58
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 roles to users in Oracle Identity Management (OIM).
This issue is caused because you did not assign the ________.
- A. IT Security Manager role to your user
- B. Application Implementation Manager role to your user
- C. Superuser role to your user
- D. Line Manager role to your user
Answer: D
Explanation:
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 Consultant role. The Application Implementation Consultant has broad access to set up all enterprise structures.
NEW QUESTION # 59
Your company policy requires imaged receipts for expense reports.
Which two statements are true about the association of a receipt to an expense report?
- A. Receipts are not required if the expense item falls within Per Diem Rates.
- B. An expense report may require original, imaged, or both types of receipts.
- C. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
- D. Employees are not reimbursed for expense report expenditures until missing or overdue imaged receipts are submitted.
Answer: A,B
NEW QUESTION # 60
What are the two advantages of using a spreadsheet for correcting invoice import errors?
- A. ability to enter a high volume of invoices via a spreadsheet
- B. identification of errors with clear error messages at the invoice header level only
- C. ability to correct errors within the spreadsheet and send invoice corrections for approval
- D. ability to correct errors and re-import invoices directly from a spreadsheet
- E. identification of errors with clear error messages at the invoice header and line levels
Answer: B,D
Explanation:
A: You can fix the interface table data using the Correct Import Errors spreadsheet and resubmits the import process.
E: Consider using the spreadsheetto:
Expedite high volume invoice entry for simple invoices that don't require extensive validation.
Create invoices with similar lines.
Maximize the use of spreadsheet features, such as copy and paste, or hide and unhide.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011878.htm
NEW QUESTION # 61
Which reports can show you differences between your subledger balances and general ledger balances to help you reconcile quickly?
- A. Payables Aging reports with the General Ledger Trial Balance report
- B. Payables to Ledger Reconciliation report
- C. Payables Trial Balance and General Ledger Trial Balance reports
- D. General Ledger Financial Statements and the Accounts Payable and Invoice Registers
Answer: A
Explanation:
Payables Trial Balance Report lists and subtotals by supplier and liability account all unpaid and partially paid invoices thatPayables transferred to the general ledger. Accounts Payable Trial Balance Report helps to verify that total accounts payable liabilities in Payables equal to those in the Fusion General Ledger.
References:
http://apps2fusion.com/oracle-fusion-online-training/fusion-applications/oracle-fusion-financials/fusion-financials-training/1131-fusion-payables-how-to-generate-trial-balance-report
NEW QUESTION # 62
Which three are valid reasons why you cannot close your Payables period? (Choose three.)
- A. Incomplete payment files
- B. Suppliers on payment holds
- C. Unaccounted invoices and payments
- D. Bills payable requiring maturity
- E. Unapplied prepayments
Answer: A,C,E
NEW QUESTION # 63
You entered an invoice of 12,000 and paid it for Office Suppliers. The payment was never received by the supplier, and you decide to return the entire order. What should you do?
- A. Issue a credit memo, which will debit the liability and credit the expense.
- B. Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits the liability and credits the expense.
- C. Cancel the invoice, which debits the liability and credits the expense.
- D. Void the payment, which debits cash and credits the liability, and then issue a credit memo, which debits the liability and credits the expense.
Answer: B
NEW QUESTION # 64
Your customer has implemented English as base language and French as a local language. The customer's bank needs the payment file to be sent to them in French. What is the relevant step to do this for preparing the payment template?
- A. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.
- B. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with English locale.
- C. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.
- D. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.
Answer: D
NEW QUESTION # 65
Which two statements are true about the Invoice Validation process?
- A. opens the relevant accounting period
- B. creates tax lines and distributions
- C. updates supplier balances
- D. creates accounting entries in draft
- E. validates project information
Answer: A,D
Explanation:
Invoice validations
Etc.
References: https://docs.oracle.com/cloud/farel9/financialscs_gs/FAPPP/F1011878AN100C4.htm
NEW QUESTION # 66
The expense auditor has chosen to Request More Information for an expense report. Select two ways the system processes this action.
- A. The employee must resubmit the expense report.
- B. The expense report is routed back to the approvers.
- C. The expense report status remains Pending Payables Approval.
- D. The audit can be completed before the requested information is received from the employee.
Answer: A,D
Explanation:
To request more information for an expense report, select the Request More Information option from the Actions menu in theheader of the Audit Expense Report page. The employee receives a notification that includes the reason for the request, specific instructions, and any additional instructions from you. Selecting the Request More Information action results in the following:
References:https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAWDE.pdf
NEW QUESTION # 67
Which is the Payables tool based on real-time data?
- A. Oracle Financial Reporting (FR)
- B. Smart View
- C. Oracle Business Intelligence Applications (OBIA)
- D. Oracle Transactional Business Intelligence (OTBI)
- E. Essbase Cube
Answer: C
Explanation:
Oracle Transactional Business Intelligence (OTBI) provides real-time insight into HCM business processes. Traditional ad-hoc reporting tools require a user to have an understanding of the data objects in the database.
References:http://www.oracle.com/us/products/applications/fusion/hcm-oracle-transactional-bi-ds-2187697.pdf
NEW QUESTION # 68
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. Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.
- B. Enter a value in the Invoice Group field to group similar invoices into a batch.
- C. Make sure all the invoice dates are the same.
- D. Assign the same Invoice Header Identifier to multiple invoices you want to group.
- E. Make sure the Invoice Number is the same.
Answer: D
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 # 69
Which two statements are true related to configuration package?
- 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: A,B
NEW QUESTION # 70
When creating a check payment, from where is the payment document defaulted?
- A. Business Unit
- B. Bank Account
- C. Legal Entity
- D. Bank
- E. Supplier
Answer: B
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 # 71
You have created an approval rule as follows:
Rule 1: If the invoice amount > $1000, route it to User 1.
Rule 2: If the invoice amount < $1000, auto approve it.
Now, the user creates an invoice for $1000 and routes it for approval.
What will happen?
- A. Invoice will be sent to User 1 for approval.
- B. The initiate option is greyed out for the invoice.
- C. The workflow will fail once approval is initiated.
- D. Invoice will be auto-approved.
Answer: A
NEW QUESTION # 72
An installment for $2,000 USD is due for payment on July 31, 2018. The installment has two discounts: the first discount date is June 15, 2018 for $150 USD and the second discount date is June 30, 2018 for $50 USD.
You submit a Payment Process Request with the following criteria:
Payment Date = June 20, 2018
Pay Through Date = July 30, 2018
Date Basis = Due Date
What will be the resulting status of the installment and discount?
- A. The installment is not selected because the discount dates are before the Pay Through Date.
- B. The installment is selected and no discount is applied.
- C. The installment is selected and a discount of $150 USD is applied.
- D. The installment is selected and a discount of $50 USD is applied.
- E. The installment is not selected because the due date is after the Pay Through Date.
Answer: D
NEW QUESTION # 73
Which three are subject area subfolders that report Payables reconciliation differences to General Ledger? (Choose three.)
- A. Reconciliation Invoice Request Details
- B. Reconciliation Payment Details
- C. Reconciliation Invoice Details
- D. Reconciliation Invoice Hold Details
- E. Reconciliation Prepayment Application Details
Answer: A,B,C
NEW QUESTION # 74
You have enabled Payment Approval for your payment process requests (PPR).
At what stage of the PPR is the payment approval process automatically triggered?
- A. Review Proposed Payments
- B. Create Payment Files
- C. Build Payments
- D. Review Installments
Answer: A
NEW QUESTION # 75
You need to submit a 1099 report; your State format has changed slightly since last year. How should you submit your 1099s for the State in the current year?
- A. Generate a 1096 form and submit it instead.
- B. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.
- C. Run and submit your 1099s because it will automatically reflect any changes.
- D. Manually enter the 1099s for the State and submit.
Answer: B
NEW QUESTION # 76
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