New 2025 Realistic Free Oracle 1Z0-1055-23 Exam Dump Questions & Answer [Q41-Q60]

Q41. While entering an expense report for your corporate card transactions, you notice that the conversion rate defined in the Manage Conversion Rates and Policies page is not used.
What is the reason?

You did not specify a default expense template.

Only cash transactions use those settings.

You did not define conversion rates for your business unit.

You did not define conversion rates in the General Ledger Cloud.

Q42. 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.

Q43. 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.

Q44. You have 10 ledgers and 30 business units and want to leverage Preference Data Sets. What is the function of Reference Data Sets?

allow you to assign multiple business units to users in a shared service center

allow you to secure data by business unit

allow you to maintain sets of related data in a Data Dictionary

allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup

Q45. You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post the invoice to general ledger?

Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger’s Manage Journals page and post the associated invoice journal entry.

Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.

Enter and post a manual journal entry directly into the general ledger.

Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.

Q46. Which reporting tool is used to report on real-time data?

Smart View

Oracle Business Intelligence Publisher

Oracle Financial Reporting Studio

Oracle Transactional Business Intelligence (OTBI)

Essbase Cube

Q47. Which invoice types can be included in the Create Payment flow?

Standard, Credit Memo and Debit Memo

Standard, Credit Memo and Customer Refund

Standard, Credit Memo, and Invoice Request

Standard, Debit Memo and Customer Refund

Q48. Which two statements are true related to configuration package?

You can export and import the approval rules from the approval management engine.

You can export and import the allocation rules from the allocation manager.

You can export and import selected business object services.

You can export and import the custom roles from Oracle Identity Manager.

You can export and import selected business units.

Q49. You need to create a payment for a supplier before the next payment run. The invoice you wish to pay is not available for selection in the Create Payment page.
Which two are possible reasons for this?

The invoice is not validated.

The payment supplier site is different to the supplier site on the invoice.

The invoice is not yet due.

The payment method for the invoice is Electronic.

The invoice is not accounted.

Q50. 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.

Q51. Which three are subject area subfolders that report Payables reconciliation differences to General Ledger? (Choose three.)

Reconciliation Payment Details

Reconciliation Invoice Details

Reconciliation Invoice Request Details

Reconciliation Prepayment Application Details

Reconciliation Invoice Hold Details

Q52. What is the difference between subject areas that append the word “Real Time” and those that do not?

The “Real Time” subject areas are based on real-time transactions and those that are not, are based on historical data.

The “Real Time” subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.

There is no difference.

The “Real Time” subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.

Q53. 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?

Invoice will be auto-approved.

Invoice will be sent to User 1 for approval.

The workflow will fail once approval is initiated.

The initiate option is greyed out for the invoice.

Q54. A Bill Payable document was paid but has not yet matured.
What is the status of the payment?

Cleared

In Transit

Negotiable

Issued

Q55. 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

Q56. 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

Q57. What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?

values that are organized into parent-child relationships

data that provides a measure of something

data that is metric and can be added up or aggregated

information about a business object with values that are dates, Ids or text

Q58. When submitting the Payables to General Ledger Reconciliation report, the extract did not select any dat a. What should you check?

Make sure you assign an Account parameter when running the extract to include liability accounts.

Make sure you specified a Business Unit in the parameters when running the extract.

Make sure you enabled the Reconciliation flag to all of your liability natural account values.

Make sure you assigned a Financial Category of Accounts Payable to all your liability natural account values.

Q59. You created a payment and before it is cashed by the supplier you mistakenly submitted a request to stop payment. Later you canceled the request to stop payment. What is the resulting payment status?

Voided

Negotiable

Stop initiated

Canceled

Available

Cleared

Q60. Which two statements are true about processing corporate card expenses?

Conversion rate defaults apply only to cash expenses, not to corporate card expenses.

Usage policy for expense category tolerances does not apply to credit card expenses.

Card transactions will be paid directly from Expenses Cloud.

Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.

You can process payment for credit card using Electronic funds transfer, check, or wire.

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