Oracle Oracle Certifications 1Z0-1055-20 Questions & Answers

• Question 91:

  Which two statements are true about processing corporate card expenses? (Choose two.)

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

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

  C. Card transactions will be paid directly from Expenses Cloud.

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

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

  Correct Answer: AB

  Conversion rate behavior applies only to cash expenses, not to corporate card expenses. To enable your company to pay a corporate card issuer, you enter a default payment method, whether check, EFT (Electronic funds transfer), or wire, in the Address Payment Information region of the Edit Corporate Card Issuer page, as well as bank account information. References: https://docs.oracle.com/cloud/latest/financialscs_gs/FAIEX/FAIEX1456644.htm https://docs.oracle.com/cd/ E48434_01/fusionapps.1118/e49599/F1110434AN7B1F9.htm

• Question 92:

  In what order should the import process be run when importing suppliers?

  A. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment

  B. Supplier, Supplier Address, Supplier Site, Supplier Site Assignments

  C. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts

  D. any order

  Correct Answer: A

  The following programs are used to import supplier information:

  When importing supplier records containing data in each table, then Suppliers must be run first, followed by the Supplier Sites import process. Once the data is inserted, the following concurrent processes must be run to create the information in Oracle Fusion Suppliers. Suppliers Import Process Supplier Sites Import Process Supplier Site Contacts Import Process Supplier Site Assignments Process References:https://docs.oracle.com/cd/E56614_01/procurementop_gs/OAPRC/F1007476AN1079E.h tm

• Question 93:

  Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run? (Choose two.)

  A. For the Legal Jurisdiction, Legal function: "Generate intercompany invoice" should be assigned.

  B. Schedule create accounting for the intercompany process.

  C. Supplier site primary pay flag and customer account bill to primary flag should be enabled.

  D. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.

  E. Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.

  F. Manual Approvals should be allowed for the transaction type.

  Correct Answer: CE

  References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAUGL/FAUGL1476872.htm

• Question 94:

  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. Transfer the data to General Ledger.

  B. Validate the invoice in Payables.

  C. Create a payment process request in Payments.

  D. Create Accounting for the invoice in Payables.

  Correct Answer: C

  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.

• Question 95:

  You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?

  A. Needs Revalidation

  B. Not Validated

  C. Not Required

  D. Imported

  E. Validated

  Correct Answer: D

  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_A149B7BD08207B6DE040D30 A68816335

• Question 96:

  Which two statements are true when you are using the Intercompany Reconciliation Reports? (Choose two.)

  A. You must run the prepare Intercompany Reconciliation Reporting Information process.

  B. 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.

  C. The reports will show the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.

  D. 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.

  E. You can drill down on the links in the Period Summary report to view the balances by Intercompany Organization.

  Correct Answer: B

  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

• Question 97:

  Your customer has implemented English as base language and French as a local language. The customer's bank needs the payment file to be sent to them in French. What is the relevant step to do this for preparing the payment template?

  A. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.

  B. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with English locale.

  C. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.

  D. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.

  Correct Answer: D

• Question 98:

  Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

  A. The user needs to specify which payment term to use.

  B. The payment term of the purchase order overrides the invoice payment term.

  C. The payment term of the invoice overrides the purchase order payment term.

  D. The purchase order payment term cannot be overridden.

  E. The user needs to manually change the payment term on the invoice to match the purchase order payment term.

  Correct Answer: C

• Question 99:

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

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

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

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

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

  Correct Answer: B

  (Optional) Setting the Remit-to Supplier Override Option References:https://docs.oracle.com/cloud/farel9/ financialscs_gs/FAIPP/F1470346AN14ECB.htm

• Question 100:

  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 pay-through date is in a closed Payables period.

  B. The invoice has not been accounted.

  C. The invoice requires approval.

  D. The pay-through date is in a future period.

  E. The invoice needs re-validation.

  Correct Answer: CE