Pass Exam Questions Efficiently With 1Z0-1055-23 Questions (2025)
1Z0-1055-23 Questions - Truly Beneficial For Your Oracle Exam
NEW QUESTION # 37
Which three types of payments can you make if you have access to Disbursement Process Management Duty? (Choose three.)
- A. Ad hoc payments
- B. Employee advances
- C. Customer refunds
- D. Reimbursement of employee expense reports
- E. Supplier payments
Answer: A,B,C
NEW QUESTION # 38
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 accounting date is not in the current open period.
- C. The invoice has been partially paid by another payment.
- D. The invoice date is not in the current open period.
Answer: C
NEW QUESTION # 39
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements.
- A. For period end accruals, the invoice accounting debits the expense account and credits the liability account.
- B. For period end accruals, accounting is created at material receipt or at delivery to a final destination.
- C. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.
- D. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.
Answer: A,C
NEW QUESTION # 40
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 workflow will fail once approval is initiated.
- C. The initiate option is greyed out for the invoice.
- D. Invoice will be auto-approved.
Answer: A
NEW QUESTION # 41
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 selected and a discount of $50 USD (the second discount) is applied.
- C. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.
- D. The installment is selected and a discount of $200 USD ($150 + $50) is applied.
- E. The installment is not selected because the first discount date is before the Pay Through Date.
Answer: B
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 # 42
When working with reference data sets in Payables, what reference data sharing method can you use for Payables Payment Terms?
- A. Assignment to one set only with common values
- B. Assignment to one set only; no common values allowed
- C. Assignment to multiple sets with common values allowed
- D. Assignment to multiple sets; no common values allowed
Answer: C
Explanation:
Assignment to multiple sets, no common values allowed. The method of sharing reference data that allows a reference data object instance to be assigned to multiple sets. For instance, Payables Payment Terms use this method.
NEW QUESTION # 43
Which three are attributes that are recognized by Invoice Imaging? (Choose three.)
- A. PO Number
- B. Payment Method
- C. Terms Date
- D. Invoice Date
- E. Invoice Number
Answer: A,D,E
NEW QUESTION # 44
You need 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. ParallelTypeParticipantInParallelModeRuleSet
- B. FyiTypeParticipantInParallelModeRuleSet
- C. SingleTypeParticipantInParallelModeRuleSet
- D. InvoiceApprovalRuleSet
Answer: A
NEW QUESTION # 45
You are testing the Payables to General Ledger Reconciliation report at the ledger level for your UK Ledger, you have run and selected the extract for the report but the request returned the message no data to display.
What is the reason for this?
- A. You did not specify the range of liability accounts to include in the extract.
- B. You did not select the business units associated to the UK Ledger.
- C. The financial category of Accounts Payable is not assigned to the liability accounts.
- D. The reconciliation flag has not been enabled for your liability accounts.
Answer: D
NEW QUESTION # 46
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. Review Installments
- C. Create Payment Files
- D. Build Payments
Answer: A
NEW QUESTION # 47
While processing an expense report, the system placed a payment hold on the expense report. What are two ways to release payment holds?
- A. Payables Manager can release payment holds in Payables.
- B. The expense auditor can manually release the payment hold at his discretion.
- C. The employee can manually release the hold.
- D. The employee's supervisor can manually release the hold.
- E. Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.
Answer: A,C
Explanation:
Payment holds are released in the following ways:
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm
NEW QUESTION # 48
What is the result of voiding a payment?
- A. A bills payable payment was created but is not yet matured.
- B. The payment is no longer valid.
- C. A stop payment request has been initiated to the bank.
- D. The payment is reconciled to the bank statement.
Answer: B
NEW QUESTION # 49
When submitting the Payables to General Ledger Reconciliation report, the extract did not select any dat a. What should you check?
- A. Make sure you specified a Business Unit in the parameters when running the extract.
- B. Make sure you assigned a Financial Category of Accounts Payable to all your liability natural account values.
- C. Make sure you enabled the Reconciliation flag to all of your liability natural account values.
- D. Make sure you assign an Account parameter when running the extract to include liability accounts.
Answer: B
Explanation:
You must assign a Financial Category of Accounts payable to all your liability natural account values. This is a required setup step for Payables to General Ledger reconciliation.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011880AN1B948.htmc
NEW QUESTION # 50
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 # 51
What two job roles are required to access information within Functional Setup Manager?
- A. Application Implementation Manager
- B. Any Functional User
- C. IT Security Manager
- D. Functional Setup Manager Superuser
- E. Application Implementation Consultant
Answer: A,D
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 # 52
A Payables user creates a manual invoice and a Withholding Tax Classification Code defaults on the invoice line when the invoice is saved.
Where does this Withholding Tax Classification Code default from?
- A. From the Party Tax Profile of the Third Party Site
- B. From the Income Tax region of the Supplier
- C. From the Site Assignments of the Supplier Site
- D. From the Manage Tax Reporting and Withholding Tax Options
Answer: C
Explanation:
Set withholding tax options on the Manage Tax Reporting and Withholding Tax Options page and on the supplier setup.
NEW QUESTION # 53
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. .xlf (XLIFF file)
- B. .pdf (Acrobat reader file)
- C. .xls (Excel file)
- D. .doc (Word file)
Answer: B
Explanation:
BI Publisher extracts the translatable strings from the template and exports them to an XLIFF (.xlf file).
NEW QUESTION # 54
......
Truly Beneficial For Your Oracle Exam: https://dumpstorrent.actualpdf.com/1Z0-1055-23-real-questions.html
