[Full-Version] 2021 New PassLeaderVCE 1Z0-1055-21 PDF Recently Updated Questions
1Z0-1055-21 Exam with Guarantee Updated 142 Questions
Oracle 1Z0-1055-21 Exam Syllabus Topics:
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NEW QUESTION 60
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 report template.
- B. Set Enable Oracle Maps to yes in the expenses system options.
- C. Set the profile option ORA_EXM_ORACLE_MAPS to yes at the site level.
- D. Set Enable Oracle Maps to yes in the expense mileage policies.
Answer: D
Explanation:
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 61
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 Installments
- B. Create Payment Files
- C. Build Payments
- D. Review Proposed Payments
Answer: B
NEW QUESTION 62
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?
- A. Manage common options for Payables and Procurement and Manage Procurement agents
- B. Manage Payment Options and Manage common options for Payables and Procurement
- C. Manage Invoice Options and Manage Procurement agents
- D. Manage Invoice Options and Manage common options for Payables and Procurement
- E. Manage Payable Options and Manage Invoice Options
Answer: E
Explanation:
Explanation
You can change the conversion rate type at invoice entry or payment creation time.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAIPP/FAIPP1470345.htm
NEW QUESTION 63
What is the result of voiding a payment?
- A. A bills payable payment was created but is not yet matured.
- B. A stop payment request has been initiated to the bank.
- C. The payment is reconciled to the bank statement.
- D. The payment is no longer valid.
Answer: D
NEW QUESTION 64
What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?
- A. Supplier payment request
- B. iSupplier Invoice
- C. Standard Invoice
- D. Credit Memo
- E. Standard invoice request
Answer: E
Explanation:
Explanation
Standard invoice request: An invoice submitted without a purchase order by a supplier through Oracle Fusion Supplier Portal thatis pending review and approval by the appropriate persons within the deploying company.
References:https://docs.oracle.com/cd/E37583_01/doc.1116/e22897/F431919AN100ED.htm
NEW QUESTION 65
Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?
- A. The payment term of the purchase order overrides the invoice payment term.
- B. The purchase order payment term cannot be overridden.
- C. The user needs to manually change the payment term on the invoice to match the purchase order payment term.
- D. The user needs to specify which payment term to use.
- E. The payment term of the invoice overrides the purchase order payment term.
Answer: E
NEW QUESTION 66
What two job roles are required to access information within Functional Setup Manager? (Choose two.)
- A. Application Implementation Consultant
- B. Any Functional User
- C. Application Implementation Manager
- D. Functional Setup Manager Superuser
- E. IT Security Manager
Answer: A,C
Explanation:
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 67
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?
- A. Assign the same Invoice Header Identifier to multiple invoices you want to group.
- B. Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.
- C. Make sure the Invoice Number is the same.
- D. Make sure all the invoice dates are the same.
- E. Enter a value in the Invoice Group field to group similar invoices into a batch.
Answer: B
Explanation:
Explanation
What's an invoice group?
A collection of invoices that is used as a parameter for the Validate Payables Invoice process, a selection criteria for submitting a payment process request, and a parameter in some reports. If you enable the invoice option Require invoice grouping, you must associate each invoice with an invoice group.
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAPPP/F1011878AN100C4.htm
NEW QUESTION 68
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which two 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 in the Payment tab at the supplier site level.
- 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: A,C
NEW QUESTION 69
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 multiple sets; no common values allowed
- C. Assignment to multiple sets with common values allowed
- D. Assignment to one set only; no common values allowed
Answer: B
Explanation:
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 70
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 71
You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?
- A. Not Validated
- B. Validated
- C. Not Required
- D. Needs Revalidation
- E. Imported
Answer: E
Explanation:
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_A149B7BD08207B6DE040D30A6881633
NEW QUESTION 72
Which three are Invoice Header attributes that can be used during invoice approval rule creation? (Choose three.)
- A. Business Unit Name
- B. Requester Name
- C. Statistical Amount
- D. Pay Group Lookup Code
- E. Accounting Date
Answer: A,D,E
NEW QUESTION 73
Which two statements are true when you are using the Intercompany Reconciliation Reports? (Choose two.)
- A. The reconciliation period summary report will not show the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.
- B. You can drill down on the links in the Period Summary report to view the balances by Intercompany Organization.
- C. The reports will show the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
- D. You must run the prepare Intercompany Reconciliation Reporting Information process.
- E. The reports will include Ledger balancing lines generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.
Answer: A
Explanation:
Explanation
A (not C): The Reconciliation Period Summary report displays the intercompany receivables and intercompany payables balances in summary for a period, and any differences between them.
D:Ledger balancing lines generated when the primary balancing segmentvalue is in balance but either the second balancing segment or the third balancing segment is out of balance
NEW QUESTION 74
You want your expense auditors to audit only expenses reports for specific business units. How do you do this?
- A. Create a custom duty role and assign the data roles to each auditor.
- B. Assign the auditors' specific data roles for the corresponding business units.
- C. Create your own audit extension rules that correspond to the business unit.
- D. Make auditors the managersof the corresponding business unit to route expense reports properly.
Answer: B
Explanation:
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 to audit 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.htm
NEW QUESTION 75
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. Validate the invoice in Payables.
- D. Transfer the data to General Ledger.
Answer: C
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 76
Identify three statements that indicate the purpose of Functional Setup Manager.
- A. it allows you to assign setup tasks to individuals with due dates where users must manually update their completion status.
- B. It automatically generates lists of setup tasks in the correct sequence with dependencies highlighted.
- C. It automatically marks the completion status of tasks as Completed once they have been completed.
- D. It provides a central place to access and perform all of the setup steps across the applications.
- E. It allows you to centrally manage the close processes across subledgers and ledgers.
Answer: B,C,D
Explanation:
Explanation
With Oracle Fusion Functional Setup Manager you can:
References:https://docs.oracle.com/cd/E56614_01/common_op/OAFSM/F1166427AN1007E.htm
NEW QUESTION 77
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 78
Which data is visible to a Payables user in the Payables to General Ledger Reconciliation report?
- A. Data for authorized business units and GL data for all balancing segments in the ledger (unless restricted)
- B. Data for authorized business units only; no GL data is visible
- C. Data for all business units and one balancing segment in the ledger
- D. Data for all business units and all balancing segments in the ledger
Answer: C
Explanation:
Explanation
Payables users can also see general ledger data for all balancing segment values in the ledger.
NEW QUESTION 79
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?
- A. Run the Prepare Payables to General Ledger Reconciliation report at Ledger level.
- B. Run the Prepare Payables to General Ledger Reconciliation report for combination of Ledger and Balancing Segment Value.
- C. Running the Prepare Payables to General Ledger Reconciliation report is NOT available when there is a centralized payment processing.
- D. Run the Prepare Payables to General Ledger Reconciliation report at Business Unit level.
Answer: D
Explanation:
Explanation
Business unit if you implemented centralized payment processing using the service provider model.
NEW QUESTION 80
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:
Explanation
Company Pay: Your company pays the corporate card issuer for all transactions.
NEW QUESTION 81
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