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Welcome to download the newest PassLeader 1z0-1055-22 PDF dumps ( 142 Q&As)

Oracle 1z0-1055-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Use the Payables to Ledger Reconciliation Report Manage Subledger Accounting
Topic 2	Configure Payables and Payments Create an Account for invoices
Topic 3	Explain the Close process Manage Expense Approval Reporting and Period Close
Topic 4	Use Business Intelligence Publisher (BIP) Reports Explain the Integrated Imaging Solution
Topic 5	Explain Oracle Transactional Business Intelligence (OTBI) Process expense reimbursements
Topic 6	Manage Withholding and Transaction Taxes Manage Invoice and Payment Approvals
Topic 7	Explain Bank Reconciliations Configure Payables and Payments

NEW QUESTION 64
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?

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.

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

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

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

NEW QUESTION 65
What is the recommendation when setting up Reconciliation Rule Sets?

One to One rules should be sequenced below rules of other types.

Many to Many rules should always be used last in the sequence.

One to One rules should be sequenced above rules of other types.

Many to Many rules should always be used first in the sequence.

NEW QUESTION 66
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.

NEW QUESTION 67
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

NEW QUESTION 68
Which two are classified as Self-Billed invoices? (Choose two.)

Customer Refunds initiated from Receivables

Evaluated Receipt Settlement (ERS) Invoices

Invoices created using Integrated Imaging

Expense Reports transferred from Expenses

Debit Memos created by the Return to Supplier feature

Invoices entered through the Supplier Portal

NEW QUESTION 69
The expense auditor has chosen to Request More Information for an expense report. Select two ways the system processes this action. (Choose two.)

The expense report status remains Pending Payables Approval.

The expense report is routed back to the approvers.

The audit can be completed before the requested information is received from the employee.

The employee must resubmit the expense report.

NEW QUESTION 70
You need to create a recurring expense for one of your regular expenses.
Which three are frequencies that you can choose for these types of expenses? (Choose three.)

Weekly

Monthly

Bimonthly

Biweekly

Annually

NEW QUESTION 71
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?

Enter the payment terms in the Manage Payment Options page so they default onto the invoice.

Enter the payment terms at the Supplier level so they default onto the invoice.

Enter the payment terms at the supplier site level so they default onto the invoice.

Manually override the payment terms that have defaulted from the purchase order for those suppliers.

Enter the payment terms in the Manage Invoice Options page so they default onto the invoice.

NEW QUESTION 72
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 $50 USD (the second discount) is applied.

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

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

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

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

NEW QUESTION 73
You applied a prepayment amount of $5,000 USD to a $10,000 USD invoice. At the time of prepayment, the applicable tax rate was 5% ($250 USD); at the time of invoice creation, the tax rate is 10%. When you set up taxes, you choose to Recalculate Taxes for the Applied Amount Handling option.
How will the resulting tax be calculated?

The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% * 10,000-5000).

The tax for the prepayment is recalculated to use the new invoice tax rate that is also used for the invoice line amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -500 USD (10% * -5000).

The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -250 USD (5% * -5000).

The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is retained.

NEW QUESTION 74
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 is metric and can be added up or aggregated

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

data that provides a measure of something

NEW QUESTION 75
When reviewing installments, what setup is required to override the supplier site on an invoice?

Allow the remit-to supplier override for third-party payments at Manage Invoice options.

Allow the remit-to supplier address override for third-party payments at Manage Invoice options.

Allow payee to override for third-party payments while Manage Invoice options.

Allow the remit-to supplier override for third-party payments at Manage Payment options.

NEW QUESTION 76
XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However, when reviewing the invoice installments for XYZ Supplier the payables specialist is unable to override the remit-to supplier name and address on the Invoice installments.
What is the reason for this?

The option ‘Allow remit-to supplier override for third-party payments’ is not checked in the Invoice Options page for the business unit.

The option ‘Allow remit-to supplier override for third-party payments’ is not checked in the Common Options for Payables and Procurement page for the business unit.

The option ‘Allow remit-to supplier override for third-party payments’ is not checked in the Payment Options page for the business unit.

The option ‘Allow remit-to supplier override for third-party payments’ is not checked in the Disbursement System Options page for the business unit.

NEW QUESTION 77
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.

NEW QUESTION 78
Identify three statements that indicate the purpose of Functional Setup Manager.

It allows you to centrally manage the close processes across subledgers and ledgers.

it allows you to assign setup tasks to individuals with due dates where users must manually update their completion status.

It automatically marks the completion status of tasks as Completed once they have been completed.

It automatically generates lists of setup tasks in the correct sequence with dependencies highlighted.

It provides a central place to access and perform all of the setup steps across the applications.

NEW QUESTION 79
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

NEW QUESTION 80
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements. (Choose two.)

For period end accruals, accounting is created at material receipt or at delivery to a final destination.

For period end accruals, the invoice accounting debits the expense account and credits the liability account.

For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.

For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.

NEW QUESTION 81
Which three reports are generated by the export setup data process? (Choose three.)

Exported Business Object Report

Process Results Report

Process Results Summary Report

Process Results Detail Listing Report

Setup Data Report

NEW QUESTION 82
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 real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.

There is no difference.

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

NEW QUESTION 83
You need to have an invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage.
Select two methods to achieve this. (Choose two.)

Configure Subledger Accounting rules to allocate costs.

Define a distribution set and assign it manually to the invoice.

Choose the ‘All Lines’ option from the Allocate menu in the invoice line area.

Define a distribution set and assign it to the supplier.

NEW QUESTION 84
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.

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

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

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

NEW QUESTION 85
Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?

Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.

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.

Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.

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.

NEW QUESTION 86
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.

Oct-2022 Latest TrainingQuiz 1z0-1055-22 Exam Dumps with PDF and Exam Engine: https://www.trainingquiz.com/1z0-1055-22-practice-quiz.html

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Oracle 1z0-1055-22 Exam Syllabus Topics:

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