Pass Exam With Full Sureness - 1Z0-1055-21 Dumps with 142 Questions
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NEW QUESTION 81
You want to route invoices to three different approvers at the same time and only one approver needs to approve the invoice. Which approval ruleset should you use?
- A. InvoiceApproversSingleParticipantInParallelMode
- B. Invoice Approvers
- C. InvoiceApproversParallelParticipantInParallelMode
- D. InvoiceApproversFYIParticipantInParallelMode
Answer: C
NEW QUESTION 82
You have an invoice with a payment term that has the following settings:
* Day of Month = 15
* Cut off Day = 11
* Months Ahead = 0
* Terms Date on Invoice = January 12th
What will the resulting due date for the invoice installment be?
- A. March 15th
- B. April 15th
- C. February 15th
- D. January 15th
Answer: C
NEW QUESTION 83
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.)
- A. The status of each payment in the payment file is Cancelled and the related documents are available for future selection.
- B. The status of the payment file is Cancelled.
- C. The status of the payment file is Terminated.
- D. The invoices are placed on payment hold.
- E. The status of each payment in the payment file is Terminated.
Answer: A,C
Explanation:
Explanation
If the payment file has been terminated and the documents payable have been returned to the source product, then the status of the Printed Payment File is Terminated.
Oracle Fusion Paymentsinforms the source product of the terminated documents payable. Then for each payment in the payment file, Payments sets the status to Canceled.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011879AN17393.htm
NEW QUESTION 84
In the implementation project, there is a requirement to add new transactional attributes to the Expense Approver Report workflow notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)
- A. The Style-Template
- B. The original Source
- C. The Output types
- D. The layout-template
- E. The Data Model
Answer: A,D
Explanation:
Explanation
Style Template: Provides styles such as the type of lines and fonts to use in tables, or the font type, size, and color to use for headings Report: Contains a layout template that determines:
Which attributes appear in the notification, from the data model used for the report What the notification looks like, leveraging components from the subtemplate and styles from the style template used for the report
NEW QUESTION 85
You want to customize the Payables Invoice Register template to only display invoices when the Supplier name is Company A.
Supplier name is a group that repeats on every page.
Which is the correct way to customize the template?
- A. Insert the syntax <?if:'COMPANY A'?> before the Supplier field and then enter the closing tag
</<?if:COMPANY A?> after the invoices table. - B. Insert the syntax <?if:condition?> before the Supplier field and then enter the closing tag
</<?if:condition?>. - C. Hard code Supplier Name "Company A" in the report template and only invoices for that supplier will be displayed.
- D. Insert the syntax <?if:VENDOR_NAME= 'COMPANY A'?> before the Supplier field on the template.
Then, enter the <?end if?> tag after the invoices table.
Answer: C
Explanation:
Explanation
Use an if statement to define asimple condition; for example, if a data field is a specific value.
Insert the following syntax to designate the beginning of the conditional area.
<?if:condition?>
Insert the following syntax at the end of the conditional area: <?end if?>.
References:https://isu.ifmo.ru/docs/XMLP/help/en_US/htmfiles/B25951_01/T421739T421743.htm
NEW QUESTION 86
You want your expense auditors to audit only expense reports for specific business units. How do you do this?
- A. Create your own audit extension rules that correspond to the business unit.
- B. Assign the expense auditors job role and business unit security context and value to the user.
- C. Make auditors the managers of the corresponding business unit to route expense reports properly.
- D. Create a custom duty role and assign the data roles to each auditor.
Answer: B
NEW QUESTION 87
An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected for payment processing.
What are the two possible reasons for this? (Choose two.)
- A. The invoice has not been accounted.
- B. The pay-through date is in a future period.
- C. The pay-through date is in a closed Payables period.
- D. The invoice needs re-validation.
- E. The invoice requires approval.
Answer: D,E
NEW QUESTION 88
You want your expense auditors to audit only expenses reports for specific business units. How do you do this?
- A. Make auditors the managersof the corresponding business unit to route expense reports properly.
- B. Create your own audit extension rules that correspond to the business unit.
- C. Create a custom duty role and assign the data roles to each auditor.
- D. Assign the auditors' specific data roles for the corresponding business units.
Answer: D
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 89
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 a payment process request in Payments.
- B. Create Accounting for the invoice in Payables.
- 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 90
Identify three scenarios where you are not allowed to cancel an invoice. (Choose three.)
- A. An accounting entry has been created for the invoice.
- B. The invoice is validated.
- C. The invoice is fully or partially paid.
- D. Prepayments were applied to the invoice.
- E. The invoice was adjusted by a credit or a debit memo.
Answer: C,D,E
Explanation:
Explanation
Why can't I cancel an invoice?
The invoice is:
Additional reasons thatyou can't cancel an invoice are as follows:
You can cancel any unapproved invoice, or an approved invoice that does not have anyeffective payments or posting holds.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011878.htm#FAPPP1011878
NEW QUESTION 91
Which three reports are generated by the export setup data process? (Choose three.)
- A. Process Results Summary Report
- B. Process Results Report
- C. Exported Business Object Report
- D. Process Results Detail Listing Report
- E. Setup Data Report
Answer: A,B,E
NEW QUESTION 92
Which three types of payments can you make if you have access to Disbursement Process Management Duty?
(Choose three.)
- A. Customer refunds
- B. Employee advances
- C. Ad hoc payments
- D. Reimbursement of employee expense reports
- E. Supplier payments
Answer: A,B,C
NEW QUESTION 93
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements. (Choose two.)
- A. For period end accruals, accounting is created at material receipt or at delivery to a final destination.
- B. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.
- C. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.
- D. For period end accruals, the invoice accounting debits the expense account and credits the liability account.
Answer: B,D
NEW QUESTION 94
What is the recommendation when setting up Reconciliation Rule Sets?
- A. One to One rules should be sequenced above rules of other types.
- B. One to One rules should be sequenced below rules of other types.
- C. Many to Many rules should always be used last in the sequence.
- D. Many to Many rules should always be used first in the sequence.
Answer: A
NEW QUESTION 95
Which reporting tool is used to report on real-time data?
- A. Smart View
- B. Oracle Financial Reporting Studio
- C. Oracle Business Intelligence Publisher
- D. Oracle Transactional Business Intelligence (OTBI)
- E. Essbase Cube
Answer: D
NEW QUESTION 96
Your customer matches their invoices to a purchase order and have noticed that the payment terms are defaulting from the order. For some suppliers, they would like to use the payment terms from the supplier site.
How can the customer achieve this?
- A. Enter the payment terms in the Manage Invoice Options page so they default onto the invoice.
- B. Enter the payment terms at the supplier site level so they default onto the invoice.
- C. Enter the payment terms in the Manage Payment Options page so they default onto the invoice.
- D. Enter the payment terms at the Supplier level so they default onto the invoice.
- E. Manually override the payment terms that have defaulted from the purchase order for those suppliers.
Answer: E
NEW QUESTION 97
The expense auditor has chosen to Request More Information for an expense report. Select two ways the system processes this action. (Choose two.)
- A. The expense report is routed back to the approvers.
- B. The employee must resubmit the expense report.
- C. The expense report status remains Pending Payables Approval.
- D. The audit can be completed before the requested information is received from the employee.
Answer: A,C
Explanation:
Explanation
To request more information for an expense report, select the Request More Information option from the Actions menu in theheader of the Audit Expense Report page. The employee receives a notification that includes the reason for the request, specific instructions, and any additional instructions from you. Selecting the Request More Information action results in the following:
References:https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAWDE.pdf
NEW QUESTION 98
Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?
- A. Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.
- B. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
- C. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
- D. Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
Answer: A
NEW QUESTION 99
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