Oracle Oracle Certifications 1Z0-1055-22 Questions & Answers

• Question 51:

  If you accidentally paid an invoice using Create Payment flow, can you undo the operation?

  A. yes, by canceling the payment process from the process monitor

  B. Cancel the invoice and create a new one.

  C. yes, by voiding the payment created

  D. yes, by creating a credit memo to offset the payment

  E. no

  Correct Answer: C

• Question 52:

  Your company policy requires that receipts be attached to expense report items before reimbursement can be made.

  Which two statements are true about the association of a receipt to an expense report? (Choose two.)

  A. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.

  B. Receipts are not required if the expense item falls within Per Diem Rates.

  C. Expenses do not create payment requests for expense reports thathave missing or overdue receipts.

  D. An expense report may require original, imaged, or both types of receipts.

  Correct Answer: CD

  Your company periodically schedules and runs the Generate Overdue and Missing Receipts Notification process that generates overdue receipt notifications. If receipts are overdue and setup requires that the individual be notified, then Expenses automatically sends a notification to the individual to inform him that receipts are overdue.

  An expense report may require original, imaged, or both types of receipts.

  References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN120 4B.htm

• Question 53:

  An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the two outcomes if you chose the "Apply Credits Up to Zero Amount" option when submitting a Payment Process Request? (Choose two.)

  A. Both the invoice and the credit memo are included in the Payment Process Request.

  B. Neither the invoice nor the credit memo is included in the PaymentProcess Request.

  C. Both the invoice and the credit memo are fully paid.

  D. Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.

  Correct Answer: AD

  When yousubmit a "payment process request",you can enable the Apply credits up to zero amount

  payment option. Enabling the option causes the payment process to apply credits when the credits reduce

  the payment amount below zero.

  The following scenario illustratethe impact of this option.

  Credit Amount Greater Than Invoice Amount

  An invoice for 200 USD and a credit memo for 225 USD are due for payment.

  The following table describes the payment processing that occurs based on the setting for the Apply

  credits upto zero amount payment option.

  Assumethat the "Apply Credits Up to Zero Amount" option is enabled. Payment processing applies 200

  USD of the credit memo to the invoice and creates a payment for 0 USD. The remaining credit is 25 USD.

  References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9F438E13CC89BA0C

  E040D30A68816F77

• Question 54:

  You want your expenseauditors to audit only expense reports for specific business units. How do you do this?

  A. Create a custom duty role and assign the data roles to each auditor.

  B. Create your own audit extension rules that correspond to the business unit.

  C. Make auditorsthe managers of the corresponding business unit to route expense reports properly.

  D. Assign the expense auditors job role and business unit security context and value to the user.

  Correct Answer: D

• Question 55:

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

  A. Conversion rate defaults apply only to cashexpenses, 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 56:

  Your company policy requires imaged receipts for expense reports.

  Which two statements are true about the association of a receipt to an expense report? (Choose two.)

  A. Employees are not reimbursed for expense report expenditures until missing or overdue imaged receipts are submitted.

  B. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.

  C. Receipts are not required if the expense item falls within Per Diem Rates.

  D. An expense report may require original, imaged, or both types of receipts.

  Correct Answer: AD

• Question 57:

  You want your expense auditors to audit only expenses reports for specific business units. How do you do this?

  A. Create your ownaudit extension rules that correspond to the business unit.

  B. Assign the auditors' specific data roles for the corresponding business units.

  C. Create a custom duty role and assign the data roles to each auditor.

  D. Make auditors the managersof the corresponding business unit to route expense reports properly.

  Correct Answer: B

  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/F1005004AN120 4B.htm

• Question 58:

  An installment for $2,000 USD is due for payment on July 31, 2018. The installment has two discounts:

  thefirst discount date is June 15, 2018 for $150 USD and the second discount date is June 30, 2018 for

  $50 USD.

  You submit a Payment Process Request with the following criteria:

  Payment Date = June 20, 2018

  Pay Through Date = July 30, 2018

  Date Basis = Due Date

  What will be the resulting status of the installment and discount?

  A. The installment is not selected because the discount dates are before the Pay Through Date.

  B. The installment is selected and no discount is applied.

  C. The installment is not selected because the due date is after the Pay Through Date.

  D. The installment is selected and a discount of $50 USD is applied.

  E. The installment is selected and a discount of $150 USD is applied.

  Correct Answer: C

  References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.ht m#FAPPP1011879

• Question 59:

  Identify two ways the invoice imaging solution works in the Cloud. (Choose two.)

  A. Customers cannot use invoice imaging in the Cloud.

  B. Customers scan and store the invoice images on-premise and attach them during invoice entry.

  C. Customers ask their suppliers to scan and email the invoice.

  D. Customers ask suppliers tosend electronic invoices.

  E. Customers scan the invoice on-premise and email the images.

  Correct Answer: CE

• Question 60:

  Your customer has an electronic payment format program in use and wants all thedocuments to use the pay group "Domestic". What should you do to achieve this?

  A. 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.

  B. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", and value "Domestic".

  C. Modify your template to hard code the value "Domestic" for the pay group position.

  D. 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.

  Correct Answer: B

  User-Defined Validation That Checks a Specific Condition and Value

  

  References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAIPP/F1469799AN17B6 B.htm