Updated Apr-2025 Test Engine to Practice 1Z0-1055-23 Dumps & Practice Exam
Dumps Collection 1Z0-1055-23 Test Engine Dumps Training With 143 Questions
NEW QUESTION # 21
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. Canceled
- B. Voided
- C. Cleared
- D. Negotiable
- E. Stop initiated
- F. Available
Answer: D
Explanation:
To release a stop on a payment:
References:https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/adjpmt04.htm
NEW QUESTION # 22
In the Business Intelligence Publisher (BIP) report layout properties page, when you click Extract Translation, the BIP publisher extracts the translatable strings from the BIP report template and exports them into which format?
- A. .pdf (Acrobat reader file)
- B. .doc (Word file)
- C. .xlf (XLIFF file)
- D. .xls (Excel file)
Answer: A
Explanation:
BI Publisher extracts the translatable strings from the template and exports them to an XLIFF (.xlf file).
NEW QUESTION # 23
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. Oracle Transactional Business Intelligence (OTBI)
- B. by using Tax Simulator to test
- C. by creating a payable invoice, and by validating and reviewing the tax application
- D. by changing the tax status to test and then entering a payables invoice
- E. by creating accounting in draft mode
Answer: B
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 # 24
Which invoice types can be included in the Create Payment flow?
- A. Standard, Credit Memo, and Invoice Request
- B. Standard, Debit Memo and Customer Refund
- C. Standard, Credit Memo and Customer Refund
- D. Standard, Credit Memo and Debit Memo
Answer: D
NEW QUESTION # 25
Your company policy requires that receipts be attached to expense report items before reimbursement can be made.
Which two statements are true about the association of a receipt to an expense report?
- A. Expenses do not create payment requests for expense reports that have missing or overdue receipts.
- B. Receipts are not required if the expense item falls within Per Diem Rates.
- C. An expense report may require original, imaged, or both types of receipts.
- D. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
Answer: A,C
Explanation:
Your company periodically schedules and runs the Generate Overdue and Missing Receipts Notification process that generates overdue receipt notifications.
If receipts are overdue and setup requires that the individual be notified, then Expenses automatically sends a notification to the individual to inform him that receipts are overdue.
An expense report may require original, imaged, or both types of receipts.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm
NEW QUESTION # 26
You want to route invoices to three different approvers at the same time and only one approver needs to approve the invoice. Which approval ruleset should you use?
- A. Invoice Approvers
- B. InvoiceApproversSingleParticipantInParallelMode
- C. InvoiceApproversParallelParticipantInParallelMode
- D. InvoiceApproversFYIParticipantInParallelMode
Answer: C
NEW QUESTION # 27
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. Run and submit your 1099s because it will automatically reflect any changes.
- B. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.
- C. Generate a 1096 form and submit it instead.
- D. Manually enter the 1099s for the State and submit.
Answer: B
NEW QUESTION # 28
After you submitted a Payment Process Request, you noticed errors. You want to void the payments. Identify two statements that indicate when it is not possible to void a payment.
- A. A payment for an invoice with an associated Withholding Tax invoice.
- B. A payment that has already cleared the bank.
- C. A payment with the status of Issued.
- D. A payment that pays a prepayment that has been applied to an invoice.
- E. A payment that has been accounted and posted to General Ledger.
Answer: C,E
Explanation:
A: You can't: Void a payment for aprepayment that's applied. You must first unapply the prepayment, then void the payment.
D: If the payment is cleared in cash management then it has to be uncleared first before you can void the payment.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm
NEW QUESTION # 29
Which three attributes are captured during the scanning of invoice images?
- A. Invoice Date
- B. PO Number
- C. Terms Date
- D. Invoice Number
- E. Payment Method
Answer: B,C,D
Explanation:
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/F569958AN60E65.htm
NEW QUESTION # 30
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 to Match to Receipt Charges.
- D. Choose Match to Receipt.
- E. Choose to Match to Invoice Lines.
Answer: C
NEW QUESTION # 31
You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?
- A. Imported
- B. Needs Revalidation
- C. Not Validated
- D. Not Required
- E. Validated
Answer: C
Explanation:
After the import process builds the invoices, the invoices can be viewed, modified, and validated on the Manage Invoices page.
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_A149B7BD08207B6DE040D30A68816335
NEW QUESTION # 32
You have invoices with distributions across primary balancing segments that represent different companies.
What feature should you use if you want the system to automatically balance your invoice's liability amount across the same balancing segments on the invoice distributions?
- A. Intercompany Balancing
- B. Payables' Allow Reconciliation Accounting
- C. Suspense Accounts
- D. Payable's Automatic Offset
- E. Subledger Accounting's Account Rules
Answer: D
Explanation:
If you do not enable Automatic Offsets, Payables records the invoice liability using the liability account on the invoice, which defaults from the supplier site. When you distribute invoice distributions across multiple balancing segments, the invoice will not balance by balancing segment. However, General Ledger can automatically create intercompany balancing entries when you post the invoice if you have enabled the Balance Intercompany Journals option for your set of books.
References:https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/autoff01.htm
NEW QUESTION # 33
Which two invoice types can have a status of Incomplete?
- A. Supplier Portal Invoices which are rejected and resubmitted for approval
- B. Scanned Invoices 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
Answer: A,E
Explanation:
As a Supplier user, you can now edit and resubmit invoices that are rejected from the approval users during the invoice request approval process.
An incomplete invoice is an invoice created from an image that has invalid or missing information.
NEW QUESTION # 34
You need to have an invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage.
Select two methods to achieve this.
- A. Configure Subledger Accounting rules to allocate costs.
- B. Define a distribution set and assign it to the supplier.
- C. Define a distribution set and assign it manually to the invoice.
- D. Choose the 'All Lines' option from the Allocate menu in the invoice line area.
Answer: A,D
Explanation:
A: Account Rules by Segment
Define segment rules to derive a specific segment of the general ledger account. For example, a particular segment like the company segment can be determined from the distribution account. Another segment can be determined with the use of a constant value. Creating the account one segment at a time offers greater flexibility, but also requires more setup.
C: You can use a Distribution Set to automatically enter distributions foran invoice when you are not matching it to a purchase order. For example, you can create for an advertising supplier a Distribution Set that allocates advertising expense on an invoice to four advertising departments.
References:https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/distsets.htm
NEW QUESTION # 35
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. Line Manager role to your user
- C. Application Implementation Manager role to your user
- D. Superuser role to your user
Answer: B
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 # 36
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 job roles to each auditor.
- B. Use segment valuesecurity rules to secure access to business units.
- C. Assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles to each Expense Auditor.
- D. Assign the Expense Auditor as the owner of each business unit.
Answer: B
Explanation:
You can enable expense auditors to audit expense reports for specific business units by assigning them specific expense auditor data roles for the business units. For example, to allow an expense auditor toaudit expense reports for the Vision Operations and Vision Services business units, assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles, respectively, to the expense auditor.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.ht
NEW QUESTION # 37
A company has a requirement to pay small suppliers outside of Payables, but it does not want to manually record each payment.
Which solution should you implement?
- A. Create a payment by using a wire payment method for those suppliers.
- B. Create payments by using the Check Payment method for those suppliers and then destroy those checks.
- C. Create payments by using a clearing payment method for thosesuppliers because this payment method does not generate a file.
- D. Create payments by using Electronic Funds Transfer (EFT) for those suppliers but do not send the electronic file to the bank.
Answer: D
Explanation:
When you create a payment outside of Payables, for example, using a typed check or wire transfer, within Payables you can record the payment and update the invoices that you paid.
NEW QUESTION # 38
Which three are attributes that are recognized by Invoice Imaging? (Choose three.)
- A. PO Number
- B. Invoice Number
- C. Invoice Date
- D. Terms Date
- E. Payment Method
Answer: A,B,C
NEW QUESTION # 39
You have evaluated the use of Oracle Maps Cloud service with Expenses for mileage calculation. The decision is to use this feature.
How do you enable the feature?
- A. Set Enable Oracle Maps to yes in the expense mileage policies.
- B. Set Enable Oracle Maps to yes in the expense report template.
- C. Set Enable Oracle Maps to yes in the expenses system options.
- D. Set the profile option ORA_EXM_ORACLE_MAPS to yes at the site level.
Answer: C
Explanation:
Create a mileage policy, optionally include a commute deduction rule, and then assign the mileage policy to an expense type to activate the policy.
NEW QUESTION # 40
You need to have your invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage.
Which two are valid methods to achieve this?
- A. Define a payment term and assign it to the invoice.
- B. Choose the ,All Lines, option from the Allocate menu in the invoice line area.
- C. Define a distribution set and assign it manually to the invoice.
- D. Define a distribution set and assign it to the supplier.
Answer: A,D
NEW QUESTION # 41
The expense auditor has chosen to Request More Information for an expense report. Select two ways the system processes this action.
- A. The audit can be completed before the requested information is received from the employee.
- B. The expense report status remains Pending Payables Approval.
- C. The employee must resubmit the expense report.
- D. The expense report is routed back to the approvers.
Answer: A,C
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 # 42
An installment for $1,000 USD is due for payment on January 10, 2019. The installment has two discounts: the first discount date is December 5, 2018 for $150 USD and the second discount date is December 20, 2018 for $50 USD. The Pay Date Basis on the supplier site is Discount.
You submit a Payment Process Request with the following criteria:
Payment Date = December 5, 2018
Pay Through Date = December 25, 2018
Date Basis = Pay Date
Always Take Discount option is enabled
What will be the resulting status of the installment and discount?
- A. The installment is selected but no discount is applied because the payment date is after the discount dates.
- B. The installment is not selected because the first discount date is before the Pay Through Date.
- C. The installment is selected and a discount of $50 USD (the second discount) is applied.
- D. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.
- E. The installment is selected and a discount of $200 USD ($150 + $50) is applied.
Answer: C
Explanation:
Discount Taken Amount is 150 USD. Although the Payment Date is after the discount dates, the first discount is taken because the option Always take discount is enabled.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011879AN17393.htm
NEW QUESTION # 43
Which method can you use to route payment approval rules?
- A. Approval Groups
- B. Parallel
- C. Serial and FYI (For Your Information)
- D. Both Parallel and Sequential
- E. Sequential
Answer: D
NEW QUESTION # 44
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: B
Explanation:
Company Pay: Your company pays the corporate card issuer for all transactions.
NEW QUESTION # 45
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