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

• Question 71:

  A company is centralizing their payment processing using the service provider model.

  Which reporting level has to be used to run the Prepare Payables to General Ledger Reconciliation report?

  A. Run the Prepare Payables to General Ledger Reconciliation report at Ledger level.

  B. Run the Prepare Payables to General Ledger Reconciliation report at Business Unit level.

  C. Running the Prepare Payables to General Ledger Reconciliation report is NOT available when there is a centralized payment processing.

  D. Run the Prepare Payables to General Ledger Reconciliation report for combination of Ledger and Balancing Segment Value.

  Correct Answer: B

  Business unit if you implemented centralized paymentprocessing using the service provider model. Reference: https://docs.oracle.com/en/cloud/saas/financials/20b/fappp/accounts-payablebalances.html#FAPPP444518

• Question 72:

  You want to customize the Payables Invoice Register template to only display invoices when the Supplier name is Company A. Supplier nameis a group that repeats on every page.

  Which is the correct way to customize the template?

  A. Insert the syntax before the Supplier field on the template. Then, enter the tag after the invoices table.

  B. Insert the syntax before the Supplier field and then enter the closing tag .

  C. Insert the syntax before the Supplier field and then enter the closing tag after the invoices table.

  D. Hard code Supplier Name "Company A" in the report template and only invoices for that supplier will be displayed.

  Correct Answer: A

• Question 73:

  You need 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. SingleTypeParticipantInParallelModeRuleSet

  B. FyiTypeParticipantInParallelModeRuleSet

  C. InvoiceApprovalRuleSet

  D. ParallelTypeParticipantInParallelModeRuleSet

  Correct Answer: D

• Question 74:

  You purchased a computer from Company A for 2000 USD. Company B ships you the computer with freight charges of 100 USD. You would like the cost of the computer to include those freight charges.

  How can you achieve this?

  A. Choose Match to Receipt.

  B. Enter the Invoice manually and add the freight line.

  C. Choose to Match to Receipt Charges.

  D. Choose to Match to Invoice Lines.

  E. Choose to Match in full to the Purchase Order.

  Correct Answer: C

• Question 75:

  In the implementationproject, 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 original Source

  B. The Output types

  C. The layout-template

  D. The Data Model E. The Style-Template

  Correct Answer: CE

  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 Reference: https://docs.oracle.com/en/cloud/saas/financials/20b/faiex/expensesconfiguration.html#FAIEX2657210

• Question 76:

  Your company wants to generate intercompany transactions in USD butonly if the amount involved is $3,000 USD or more. Which two intercompany system options are valid?

  A. You cannot update the minimum transaction currency when intercompany currency is entered.

  B. Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.

  C. Set the intercompany system option minimum transaction amount to $ 3,000 USD.

  D. Approval rules need to set the allow of the intercompany transactions to be routed to thereceiver or provider.

  E. Set the intercompany system option minimum transaction amount to $2,999.99 USD.

  Correct Answer: AC

• Question 77:

  Which invoice types can be included in theCreate Payment flow?

  A. Standard, Credit Memo and Debit Memo

  B. Standard, Credit Memo and Customer Refund

  C. Standard, Credit Memo, and Invoice Request

  D. Standard, Debit Memo and Customer Refund

  Correct Answer: A

• Question 78:

  You have assigned additional roles to an existing user. However, the new roles are not appearing for the user in their Navigator menu. What should you check?

  A. Make sure you can query the user using Oracle Identity Manager (OIM) and the roles are assigned.

  B. Make sure you can query the user from the Manage Users page and verify the roles assigned.

  C. Make sure you ran the Retrieve Latest LDAP Changesprogram.

  D. Make sure the user logs out and logs back in.

  Correct Answer: C

  Oracle Identity Management maintains Lightweight Directory Access Protocol (LDAP) user accounts for users of Oracle Fusion Applications. Oracle Identity Management also stores the definitions of abstract, job, and data roles, and holds information about roles provisioned to users.

  Most changes to user and role information are shared automatically by Oracle Applications Cloud and Oracle Identity Management. No action is necessary to make this exchange of information happen.

  However, you must run the processes Send Pending LDAP Requests and Retrieve Latest LDAP Changes to manage some types of information exchange between Oracle Applications Cloud and Oracle Identity Management.

  References:https://docs.oracle.com/cd/E60665_01/common/FASER/FASER1345802.htm

• Question 79:

  You need to have your 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.

  Which two are valid methods to achieve this? (Choose two.)

  A. Choose the 'All Lines' option from the Allocate menu in the invoice line area.

  B. Define a distribution set and assign it to the supplier.

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

  D. Define a payment term and assign it to the invoice.

  Correct Answer: BC

• Question 80:

  Which attributes on the payables invoice can be used during approval rule creation?

  A. company segment, cost center segment,supplier, and Attribute 1 on the invoice line

  B. company and cost center segment only

  C. supplier only

  D. cost center segment and supplier only

  Correct Answer: A