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NEW QUESTION # 71
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: B
Explanation:
You must set up a separate tax registration to represent each distinct registration requirement for a first party legal reporting unit.
NEW QUESTION # 72
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 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.
- B. 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.
- C. Modify your template to hard code the value "Domestic" for the pay group position.
- 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:
User-Defined Validation That Checks a Specific Condition and Value
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAIPP/F1469799AN17B6B.htm
NEW QUESTION # 73
There are four key reports in Cash Management.
What is the correct match for each report and its description?
Report
1. Cash to General Ledger Reconciliation Report
2. Bank Statement Report
3. Cash in Transit Report
4. Bank Statement Analysis Report
Description
1. Lists all transactions for a specific bank account, that have been remitted to the bank but have not been cleared.
2. Displays the bank statements that are used to analyze balances and transaction details.
3. Displays balance and transaction information for specific bank statements.
4. Lists bank statement transactions that are accounted in GL but are not reconciled in Cash Management.
- A. 1 = H, 2 = E, 3 = G, 4 = F
- B. 1 = H, 2 = F, 3 = E, 4 = G
- C. 1 = H, 2 = G, 3 = E, 4 = F
- D. 1 = E, 2 = G, 3 = H, 4 = F
Answer: B
NEW QUESTION # 74
How will system evaluate the tolerances for expense reports?
- A. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)*currency precision.
- B. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100).
- C. System will calculate error tolerance as Policy Rate * (1+Warning Tolerance+ Error Tolerance/100).
- D. System will use absolute amount tolerance setup to do validations.
- E. System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100)|) currency precision.
Answer: B
Explanation:
Error: A percentage is used to calculate an error. The error tolerance amount is calculated as follows:
Policy Rate * (1+Error Tolerance/100)
References:https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAIEX/F1456644AN125F2.htm
NEW QUESTION # 75
What does the Place of Supply rule value "Bill to Party" imply in an Oracle Payables Invoice?
- A. Location assigned to the Legal Entity for the transactions
- B. Location assigned to the Legal Entity Reporting Unit for the transactions
- C. Location assigned to the Business Unit for the transactions
- D. Location assigned to the Supplier Party Site for the transactions
Answer: B
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 # 76
Which two tools can you use to build layouts for BI Publisher reports? (Choose two.)
- A. Layout Editor
- B. Report Developer
- C. BI Composer
- D. Template Builder for Word
- E. BI Answers
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.
Reference:
https://dataterrain.com/advantages-of-oracle-bi-publisher/
NEW QUESTION # 77
Which two are classified as Self-Billed invoices? (Choose two.)
- A. Customer Refunds initiated from Receivables
- B. Invoices entered through the Supplier Portal
- C. Debit Memos created by the Return to Supplier feature
- D. Invoices created using Integrated Imaging
- E. Evaluated Receipt Settlement (ERS) Invoices
- F. Expense Reports transferred from Expenses
Answer: B,E
Explanation:
Select ERS and Use in the Transaction source parameter when running the Pay on Receipt Auto-invoice concurrent program.
You enable paying your supplier by selecting a method on the Purchasing tab of the Supplier Sites window in Oracle Payables.
NEW QUESTION # 78
In what order should the import process be run when importing suppliers?
- A. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
- B. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
- C. Supplier, Supplier Address, Supplier Site, Supplier Site Assignments
- D. any order
Answer: C
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 # 79
Which two invoice types can have a status of Incomplete? (Choose two.)
- A. Supplier Portal Invoices which are saved but not yet submitted
- B. Scanned Invoices with incomplete or missing information
- C. Prepayment Invoices which are fully paid but not applied against any invoice
- D. Scanned Invoices which are rejected during import
- E. Supplier Portal Invoices which are rejected and resubmitted for approval
Answer: B,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 # 80
Which three types of payments can you make if you have access to Disbursement Process Management Duty? (Choose three.)
- A. Ad hoc payments
- B. Reimbursement of employee expense reports
- C. Customer refunds
- D. Employee advances
- E. Supplier payments
Answer: A,C,D
NEW QUESTION # 81
What is the name of the Work Area that is used to access Functional Setup Manager?
- A. Functional Setup Manager
- B. Functional Work Area
- C. Customize Setup and Maintenance
- D. Customization Manager
- E. Setup and Maintenance
Answer: E
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 # 82
Which three options are available to filter data when you submit the Prepare Payables to Ledger Reconciliation report? (Choose three.)
- A. Business Unit
- B. Supplier
- C. Legal Entity
- D. Natural Account
- E. Balancing Segment Value
- F. Ledger Set
Answer: A,E,F
Explanation:
Typically General Ledger users are secured by data access sets. Data access sets use primary balancing segment values to secure access to ledgers, ledger sets, and portions of ledgers. Payables users are secured
by business units.
For the Payables to General Ledger Reconciliation report:
General Ledger users can see general ledger data for the balancing segment values in their data access set. General Ledger users can also see the Payables or Oracle Fusion Subledger Accounting data for all
business units linked to the ledger.
Payables users can see the Payables and Subledger Accounting data for business units in their security definition. Payables users can also see general ledger data for all balancing segment values in the ledger.
NEW QUESTION # 83
Your company wants to generate intercompany transactions in USD but only if the amount involved is $3,000 USD or more. Which two intercompany system options are valid?
- A. Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.
- B. You cannot update the minimum transaction currency when intercompany currency is entered.
- C. Set the intercompany system option minimum transaction amount to $2,999.99 USD.
- D. Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider.
- E. Set the intercompany system option minimum transaction amount to $ 3,000 USD.
Answer: A,E
Explanation:
Define intercompany system options to set up intercompany processing rules at the enterprise level, based on your specific business needs.
Minimum Transaction Amount
The minimum transaction amount represents a minimum threshold intercompany transaction amount, and prevents the submission of immaterial transactions for small amounts, which are non-value added. In order to implement this rule, you must select a minimum transaction currency for processing intercompany transactions. These two system options must be related to ensure that when comparing a transaction amount to the minimum transaction amount, the two numbers are entered in the same currency, allowing for an accurate comparison.
References:https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110451AN99BEF.htm
NEW QUESTION # 84
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 and a discount of $50 USD (the second discount) is applied.
- B. The installment is selected and a discount of $200 USD ($150 + $50) is applied.
- C. The installment is selected but no discount is applied because the payment date is after the discount dates.
- D. The installment is not selected because the first discount date is before the Pay Through Date.
- E. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.
Answer: E
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 # 85
Identify three scenarios where you are not allowed to cancel an invoice. (Choose three.)
- A. An accounting entry has been created for the invoice.
- B. Prepayments were applied to the invoice.
- C. The invoice is fully or partially paid.
- D. The invoice was adjusted by a credit or a debit memo.
- E. The invoice is validated.
Answer: B,C,D
Explanation:
Why can't I cancel an invoice?
The invoice is:
Additional reasons thatyou can't cancel an invoice are as follows:
You can cancel any unapproved invoice, or an approved invoice that does not have anyeffective payments or posting holds.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011878.htm#FAPPP1011878
NEW QUESTION # 86
Which three are attributes that are recognized by Invoice Imaging? (Choose three.)
- A. Payment Method
- B. Terms Date
- C. Invoice Number
- D. PO Number
- E. Invoice Date
Answer: C,D,E
NEW QUESTION # 87
Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation. (Choose two.)
- A. Do not assign bank accounts to business units.
- B. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
- C. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.
- D. Business units must be granted access to the bank account.
- E. 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.
Answer: B,D
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 # 88
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? (Choose two.)
- A. Expenses do not create payment requests for expense reports that have missing or overdue receipts.
- 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. Receipts are not required if the expense item falls within Per Diem Rates.
Answer: A,B
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 # 89
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