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

• Question 61:

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

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

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

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

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

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

  Correct Answer: CDE

  With Oracle Fusion FunctionalSetup Manager you can:

  References:https://docs.oracle.com/cd/E56614_01/common_op/OAFSM/F1166427AN1007 E.htm

• Question 62:

  Before you can configure payment approval rules, your company must define a payment approval policy. Which three are done by the payment approval policy?(Choose three.)

  A. It allows approvers to review payments and decide whether or not to approve a payment.

  B. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.

  C. It defines a list of approvers who review payments and make final payment decisions.

  D. It defines when to initiate the payment approval process.

  E. It determines which payments must go through the payment approval process.

  Correct Answer: BCD

• Question 63:

  Your client company wants to ensure that the payments they are sending to their financial institution are valid and formattedcorrectly. They would like to identify any validation failures as early in the process as possible.

  Where would you suggest the validations are set?

  A. Supplier Site

  B. Payment Method

  C. Payment Format

  D. Payment Terms

  E. Disbursement Bank Account

  Correct Answer: B

• Question 64:

  You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?

  A. Run the createaccounting program.

  B. Run the invoice validation program.

  C. Remove the documents or payments causing the error and resume the payment process.

  D. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.

  E. Terminate the payment process request.

  Correct Answer: DE

• Question 65:

  What are the two advantages of using a spreadsheet for correcting invoice import errors? (Choose two.)

  A. identification of errors with clear errormessages at the invoice header and line levels

  B. ability to enter a high volume of invoices via a spreadsheet

  C. ability to correct errors and re-import invoices directly from a spreadsheet

  D. identification of errors with clear error messages at the invoice header level only

  E. ability to correct errors within the spreadsheet and send invoice corrections for approval

  Correct Answer: AC

• Question 66:

  What two job roles are required to access information within Functional Setup Manager? (Choose two.)

  A. Application Implementation Manager

  B. Any Functional User

  C. Application Implementation Consultant

  D. Functional Setup Manager Superuser

  E. IT Security Manager

  Correct Answer: AC

  Provision the implementation user with the Application Implementation Manager job role or the Application Implementation Consultant job role by usingthe Security Console Users tab.

  References:https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004385.ht m

• Question 67:

  Which reports can show you differences between your subledger balances and general ledger balances to help you reconcile quickly?

  A. Payables to Ledger Reconciliation report

  B. Payables Aging reports with the General Ledger Trial Balance report

  C. General Ledger Financial Statements and the Accounts Payable and Invoice Registers

  D. Payables Trial Balance and General Ledger Trial Balance reports

  Correct Answer: A

• Question 68:

  Which three are Invoice Header attributes that can be used during invoice approval rule creation? (Choose three.)

  A. Business Unit Name

  B. Pay Group Lookup Code

  C. Statistical Amount

  D. Requester Name

  E. Accounting Date

  Correct Answer: ABE

• Question 69:

  When creating a check payment, from where is the payment document defaulted?

  A. Legal Entity

  B. Bank

  C. Business Unit

  D. Bank Account

  E. Supplier

  Correct Answer: D

  Create Check

  This step shows how to create a check topay the customer for theclaim. The customer will be paid with the designated amount in Oracle Payables.

  Navigation: Actions > Pay in Full.

  Notes:

  Bank Account: Select BofA.

  Document: Select Check.

  References:https://docs.oracle.com/cd/E18727_01/doc.121/e16295/T544851T544993.htm

• Question 70:

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

  A. Essbase Cube

  B. Smart View

  C. Oracle Business Intelligence Publisher

  D. Oracle FinancialReporting Studio

  E. Oracle Transactional Business Intelligence (OTBI)

  Correct Answer: E