[Jan 11, 2025] Pass Oracle Financials Cloud 1Z0-1055-23 Exam With 143 Questions [Q55-Q76] : Top Exam Collection : http://blog.topexamcollection.com

NEW QUESTION 55
Which dashboard or workarea displays the Scanned Invoices region for invoices processed through the Payables Integrated Imaging solution?

Manage Invoices page

C-level executives

Invoices Workarea only

Payables Dashboard only

Payables Dashboard and Invoices Workarea

NEW QUESTION 56
Your client is concerned that all expense reports are getting automatically approved by the expenses system despite the setup of an Audit Selection Rule.
What is the reason for this?

An expenses template and type rule has not been setup

The audit selection rule has not been assigned in the system options page

The audit selection rule has not been assigned to the legal entity

Auditing has not been enabled in the system options page

The audit selection rule has not been assigned to the business unit

NEW QUESTION 57
The Government has introduced a new reduced tax recovery rate for certain services. You need to amend the configuration for your current tax regime to reflect this change.
Which three setups will you need to complete? (Choose three.)

Setup a new tax

Setup a new tax rate

Setup a new tax rule

Setup Determining Factor and Condition Sets

Setup a new recovery rate

Setup a new status

NEW QUESTION 58
You have an invoice for $200 USD and a credit memo for $225 USD. In other words, the credit amount exceeds the invoice amount. If you enable the option to apply credits up to zero amount payment, then how will the invoice and credit memo be paid?

Neither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero.

Both the invoice and the credit memo are paid and a refund of $25 USD is created.

Both the invoice and credit memo are included in the payment process request for a payment amount of $0 USD. The credit memo is partially paid with a remaining credit of $25 USD.

Both the invoice and the credit memo are selected and the Payment Process Request requires attention.

NEW QUESTION 59
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?

.xls (Excel file)

.doc (Word file)

.xlf (XLIFF file)

.pdf (Acrobat reader file)

NEW QUESTION 60
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?

The installment is selected and a discount of $200 USD ($150 + $50) is applied.

The installment is not selected because the first discount date is before the Pay Through Date.

The installment is selected and a discount of $50 USD (the second discount) is applied.

The installment is selected but no discount is applied because the payment date is after the discount dates.

The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.

NEW QUESTION 61
A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross currency rate type the default?

Manage Payment Options and Manage common options for Payables and Procurement

Manage Payable Options and Manage Invoice Options

Manage Invoice Options and Manage Procurement agents

Manage Invoice Options and Manage common options for Payables and Procurement

Manage common options for Payables and Procurement and Manage Procurement agents

NEW QUESTION 62
An Office supplies company requires an advance payment of $8000 for the office supplies you wish to order. You enter and pay a prepayment type invoice for $8000. You enter the standard invoice to book the expense which totals $10000 and you apply the prepayment to the standard invoice.
What are the accounting entries for that standard invoice with the prepayment application?

Invoice accounting – Dr Prepayment Account 10000 Cr AP Liability Account 10000.The prepayment application has no impact on the Invoice.

Invoice accounting – Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application – Dr AP Liability Account 2000 Cr Prepayment Account 2000.

Invoice Accounting – Dr Prepayment Account 10000 Cr AP Liability Account 10000.Prepayment application – Dr Expense Account 8000 Cr Prepayment Account 8000.

Invoice accounting – Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application – Dr AP Liability 8000 Cr Prepayment Account 8000.

NEW QUESTION 63
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.

1 = H, 2 = F, 3 = E, 4 = G

1 = E, 2 = G, 3 = H, 4 = F

1 = H, 2 = G, 3 = E, 4 = F

1 = H, 2 = E, 3 = G, 4 = F

NEW QUESTION 64
What does the Place of Supply rule value “Bill to Party” imply in an Oracle Payables Invoice?

Location assigned to the Legal Entity for the transactions

Location assigned to the Supplier Party Site for the transactions

Location assigned to the Legal Entity Reporting Unit for the transactions

Location assigned to the Business Unit for the transactions

NEW QUESTION 65
The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct? (Choose three.)

All related withholding tax invoices are automatically voided.

Any previous accounting and payment records for an invoice are reversed.

All related interest invoices are reversed if previously created.

Any realized gain or loss previously calculated is reversed.

Voiding the payment automatically places an invoice on hold.

NEW QUESTION 66
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?

You cannot update the minimum transaction currency when intercompany currency is entered.

Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.

Set the intercompany system option minimum transaction amount to $2,999.99 USD.

Set the intercompany system option minimum transaction amount to $ 3,000 USD.

Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider.

NEW QUESTION 67
You have two business units: Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?

Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set Assignments page.

Assign the Expense Auditor job role to each auditor and associate the business unit to the role by using the Manage Data Access for Users page.

Assign the Expense Auditor job role to each auditor and use a data access set to associate the business unit to the role.

Assign the Expense Auditor job role to each auditor and use segment value security rules to secure access to the business units.

NEW QUESTION 68
A company is centralizing their payment processing using the service provider model.
Which reporting level has to be used to run the Prepare Payables to General Ledger Reconciliation report?

Run the Prepare Payables to General Ledger Reconciliation report at Ledger level.

Running the Prepare Payables to General Ledger Reconciliation report is NOT available when there is a centralized payment processing.

Run the Prepare Payables to General Ledger Reconciliation report at Business Unit level.

Run the Prepare Payables to General Ledger Reconciliation report for combination of Ledger and Balancing Segment Value.

NEW QUESTION 69
Which three types of payments can you make if you have access to Disbursement Process Management Duty? (Choose three.)

Reimbursement of employee expense reports

Employee advances

Supplier payments

Customer refunds

Ad hoc payments

NEW QUESTION 70
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 ________.

Superuser role to your user

IT Security Manager role to your user

Line Manager role to your user

Application Implementation Manager role to your user

NEW QUESTION 71
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?

Define a user validation at the format program to include: Field “Document pay group”, condition “Equal to String”, and value “Domestic”.

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.

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.

Modify your template to hard code the value “Domestic” for the pay group position.

NEW QUESTION 72
During your business trip to the UK, you took a taxi ride and paid for it by using your personal Visa credit card. While entering your expenses, you get a warning that a different conversion rate was applied to the taxi expense by Visa that the one used by your company.
How do you handle this situation?

Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then, wait to get a revised statement.

Do not enter the taxi expense and call your Finance Department so that they can make changes in the conversion rate settings and you do not violate the allowable limit.

Use the corporate-defined conversion rate even if it means you will not be reimbursed fully.

Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate.

NEW QUESTION 73
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?

Create payments by using the Check Payment method for those suppliers and then destroy those checks.

Create a payment by using a wire payment method for those suppliers.

Create payments by using a clearing payment method for thosesuppliers because this payment method does not generate a file.

Create payments by using Electronic Funds Transfer (EFT) for those suppliers but do not send the electronic file to the bank.

NEW QUESTION 74
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?

Transfer the data to General Ledger.

Validate the invoice in Payables.

Create Accounting for the invoice in Payables.

Create a payment process request in Payments.

NEW QUESTION 75
What two job roles are required to access information within Functional Setup Manager?

Application Implementation Manager

Any Functional User

Functional Setup Manager Superuser

Application Implementation Consultant

IT Security Manager

NEW QUESTION 76
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?

Make sure the Invoice Number is the same.

Make sure all the invoice dates are the same.

Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.

Assign the same Invoice Header Identifier to multiple invoices you want to group.

Enter a value in the Invoice Group field to group similar invoices into a batch.