[2023] 1z0-1055-22 Exam Dumps, Test Engine Practice Test Questions [Q80-Q101]

25Sep 2023 by admin No Comments

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[2023] 1z0-1055-22 Exam Dumps, Test Engine Practice Test Questions

Pass 1z0-1055-22 exam [Sep 25, 2023] Updated 142 Questions

To prepare for the Oracle 1z0-1055-22 certification exam, candidates can take advantage of various resources provided by Oracle, including training courses, study guides, and practice exams. These resources provide a comprehensive understanding of the Oracle Financials Cloud Payables 2022 module and help candidates gain the knowledge and skills needed to pass the exam successfully.

To pass the Oracle 1z0-1055-22 certification exam, candidates must demonstrate their understanding of key concepts such as invoice validation, payment processing, and accounting entries. They must also be able to configure and manage payables options, set up suppliers and payment methods, and create and manage invoices and payments. Additionally, candidates must be able to use the Oracle Financials Cloud reporting tools to generate relevant reports and analyze payables data.

QUESTION 80
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 segment value security rules to secure access to the business units.

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

QUESTION 81
Which job role has full access to perform all Functional Setup Manager related activities?

Application System Administrator

Any Functional User

Functional Setup Manager Superuser

IT Security Manager

Application Implementation Consultant

QUESTION 82
You have assigned additional roles to an existing user. However, the new roles are not appearing for the user in their Navigator menu. What should you check?

Make sure you can query the user using Oracle Identity Manager (OIM) and the roles are assigned.

Make sure you can query the user from the Manage Users page and verify the roles assigned.

Make sure you ran the Retrieve Latest LDAP Changes program.

Make sure the user logs out and logs back in.

QUESTION 83
Which two tools can you use to build layouts for BI Publisher reports? (Choose two.)

Report Developer

BI Composer

Template Builder for Word

Layout Editor

BI Answers

QUESTION 84
A Payment Process Request was submitted and errors were found in the payment file. The payment file and process were terminated.
Which two statements are true? (Choose two.)

The invoices are placed on payment hold.

The status of each payment in the payment file is Terminated.

The status of the payment file is Terminated.

The status of each payment in the payment file is Cancelled and the related documents are available for future selection.

The status of the payment file is Cancelled.

QUESTION 85
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.

QUESTION 86
You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?

Run the create accounting program.

Run the invoice validation program.

Remove the documents or payments causing the error and resume the payment process.

Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.

Terminate the payment process request.

QUESTION 87
Which three are Invoice Header attributes that can be used during invoice approval rule creation? (Choose three.)

Business Unit Name

Pay Group Lookup Code

Statistical Amount

Requester Name

Accounting Date

QUESTION 88
Identify three scenarios where you are not allowed to cancel an invoice. (Choose three.)

Prepayments were applied to the invoice.

An accounting entry has been created for the invoice.

The invoice is validated.

The invoice is fully or partially paid.

The invoice was adjusted by a credit or a debit memo.

QUESTION 89
You need to submit a 1099 report; your State format has changed slightly since last year. How should you submit your 1099s for the State in the current year?

Manually enter the 1099s for the State and submit.

Generate a 1096 form and submit it instead.

Run and submit your 1099s because it will automatically reflect any changes.

Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.

QUESTION 90
Select three reasons why you cannot close your Payables period. (Choose three.)

open intercompany transactions

unapplied prepayments

suppliers on payment holds

bills payable requiring maturity

unaccounted invoices and payments

QUESTION 91
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?

1449

201

949

500

QUESTION 92
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 $ 3,000 USD.

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

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

QUESTION 93
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 = G, 3 = E, 4 = F

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

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

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

QUESTION 94
What is the result of voiding a payment?

A stop payment request has been initiated to the bank.

A bills payable payment was created but is not yet matured.

The payment is reconciled to the bank statement.

The payment is no longer valid.

QUESTION 95
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 a payment process request in Payments.

Create Accounting for the invoice in Payables.

QUESTION 96
What is the name of the Work Area that is used to access Functional Setup Manager?

Functional Work Area

Functional Setup Manager

Customization Manager

Setup and Maintenance

Customize Setup and Maintenance

QUESTION 97
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 payments by using Electronic Funds Transfer (EFT) for those suppliers but do not send the electronic file to the bank.

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

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

QUESTION 98
When working with reference data sets in Payables, what reference data sharing method can you use for Payables Payment Terms?

Assignment to one set only; no common values allowed

Assignment to one set only with common values

Assignment to multiple sets with common values allowed

Assignment to multiple sets; no common values allowed

QUESTION 99
Which two are true for Payables Payment Terms? (Choose two.)

When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice plus those associated with the common set.

You must assign the predefined payment term Immediate to the reference data set that is assigned to the business unit before you can define common options for Payables and Procurement.

When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice but not those associated with the common set.

Each payment term can only be assigned to one reference data set.

QUESTION 100
During an expense audit the auditor marks an expense item that is missing a receipt to be Short Paid. They choose to complete the audit and warn the user.
Given that the Expense Report Audit Approval is set to After Manager Approval, what two are valid results of the auditor action? (Choose two.)

New expense report containing disallowed expense items is immediately created.

Approved part of the expense report is not eligible for expense reimbursement.

The approved part of the expense report is eligible for expense reimbursement.

New expense report containing disallowed expense items is not created until manager approves the short payment.

QUESTION 101
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.

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

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