1z0-1055-20 Braindumps PDF, Oracle 1z0-1055-20 Exam Cram
New 2022 1z0-1055-20 Sample Questions Reliable 1z0-1055-20 Test Engine
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 9 |
|
| Topic 11 |
|
| Topic 12 |
|
NEW QUESTION 45
How will system evaluate the tolerances for expense reports?
- A. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100).
- B. System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100)|) currency precision.
- C. System will use absolute amount tolerance setup to do validations.
- D. System will calculate error tolerance as Policy Rate * (1+Warning Tolerance+ Error Tolerance/100).
- E. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)*currency precision.
Answer: D
Explanation:
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 46
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 47
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 48
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 auto-approved.
- B. Invoice will be sent to User 1 for approval.
- C. Invoice will not be processed.
- D. The system will issue an error message after the approval has been initiated.
Answer: C
NEW QUESTION 49
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 50
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. (Choose two.)
- A. Define a distribution set and assign it manually 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 to the supplier.
- D. Configure Subledger Accounting rules to allocate costs.
Answer: A,D
Explanation:
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 51
You have successfully processed the expense reports for reimbursement and have transferred the information to Payables. What is the next step before you can pay them?
- A. Create Accounting for the invoice in Payables.
- B. Create a payment process request in Payments.
- C. Transfer the data to General Ledger.
- D. Validate the invoice in Payables.
Answer: B
Explanation:
Explanation
Oracle Fusion Expenses provides reimbursement functionality that ensures corporate card issuers and employees are reimbursed for business expenses. Expenses uses Oracle Fusion Payables to process expense reports for reimbursement. To reimburse card issuers and employees, the expense auditor runs the Process Expense Reimbursement process and the corporate card administrator runs the process, Create Corporate Card Issuer Payment Requests. After payment requests are created in Payables, corporate card issuers and employees are paid by Oracle Fusion Payments.
Thisfigure shows the flow of data when the expense auditor runs the Process Expense Reimbursement program.
NEW QUESTION 52
Which two statements are true related to configuration package? (Choose two.)
- A. You can export and import the approval rules from the approval management engine.
- B. You can export and import the custom roles from Oracle Identity Manager.
- C. You can export and import the allocation rules from the allocation manager.
- D. You can export and import selected business object services.
- E. You can export and import selected business units.
Answer: B,D
NEW QUESTION 53
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. (Choose two.)
- A. A payment with the status of Issued.
- B. A payment for an invoice with an associated Withholding Tax invoice.
- C. A payment that pays a prepayment that has been applied to an invoice.
- D. A payment that has been accounted and posted to General Ledger.
- E. A payment that has already cleared the bank.
Answer: C,E
Explanation:
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 54
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 55
Which two statements about the submission of invoices by suppliers using Supplier Portal are true? (Choose two.)
- A. A supplier can make changes to the invoice after submitting it.
- B. A supplier can validate the invoice after submitting it.
- C. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully billed.
- D. A supplier can submit a single invoice against multiple purchase orders across different currencies and organizations.
- E. A supplier can submit a single invoice against multiple purchase orders, provided the currency and organization for all the invoice items are the same as those on the purchase orders.
Answer: A,B,C
Explanation:
Explanation
D: (not C): You can enter a credit memo against a fully billed purchase order (use negative quantity amounts to enter a credit memo), as well as invoice against multiple purchase orders. However, the currency and organization of all items on an invoice must be the same. The organization is the entity within the buyer'scompany that you are invoicing.
IncorrectAnswers:
E: After you submit an invoice, you cannot change the invoice.
References:https://docs.oracle.com/cd/E18727_01/doc.121/e13414/T463223T463232.htm
NEW QUESTION 56
Which three are attributes that are recognized by Invoice Imaging? (Choose three.)
- A. Invoice Number
- B. Invoice Date
- C. Payment Method
- D. PO Number
- E. Terms Date
Answer: A,B,D
NEW QUESTION 57
Which three reports are generated by the export setup data process? (Choose three.)
- A. Exported Business Object Report
- B. Setup Data Report
- C. Process Results Report
- D. Process Results Detail Listing Report
- E. Process Results Summary Report
Answer: B,C,E
NEW QUESTION 58
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 spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Cloud Applications.
- C. Use the Hire an Employee user interface and enter each user manually.
- D. Use the Enter a Supplier user interface and enter each user manually.
Answer: B
Explanation:
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 59
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which actions will accomplish this? (Choose two.)
- A. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
- B. Define the Disbursement Bank Account to every supplier.
- C. Create a Payment Process Request template that includes the Disbursement Bank Account.
- D. Define the Disbursement Bank Account to the Payment Method in payment default rules.
- E. Assign the Disbursement Bank Account to users to have the payment process default the bank account.
Answer: C,E
Explanation:
Explanation
D: You can assign thedisbursement bank account and the payment process profile to all documents payable in the payment process request during the Submit Payment Process Request process. If you use a payment process request template, a disbursement bank account and a payment process profile default from the template.
DE:The following options affect payment processing:
References:https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm
NEW QUESTION 60
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 61
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 not selected because the first discount date is before the Pay Through Date.
- B. The installment is selected and a discount of $200 USD ($150 + $50) 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 $50 USD (the second discount) is applied.
- E. The installment is selected but no discount is applied because the payment date is after the discount dates.
Answer: C
Explanation:
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 62
......
Feel Oracle 1z0-1055-20 Dumps PDF Will likely be The best Option: https://www.bootcamppdf.com/1z0-1055-20_exam-dumps.html