Oracle Fusion AP 1Z0-1055-22 Exam / 2

You need to submit a 1099 report; your State format has changed slightly since last year. How should you submit your 1099s for the State in the current year?. A. Manually enter the 1099s for the State and submit. B. Generate a 1096 form and submit it instead. C. Run and submit your 1099s because it will automatically reflect any changes. D. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.

"While entering an expense report for your corporate card transactions, you notice that the conversion rate defined in the Manage Conversion Rates and Policies page is not used. What is the reason?". A. You did not define conversion rates for your business unit. B. You did not specify a default expense template. C. Only cash transactions use those settings. D. You did not define conversion rates in the General Ledger Cloud.

What are the two advantages of using a spreadsheet for correcting invoice import errors? (Choose two.). A. identification of errors with clear error messages 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.

What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?. A. values that are organized into parent-child relationships. B. data that is metric and can be added up or aggregated. C. information about a business object with values that are dates, Ids or text. D. data that provides a measure of something.

"You are voiding a payment and have selected Cancel as the Invoice Action. After performing the void, you notice the invoice is not cancelled but has an Invoice Cancel hold on it. What is reason for this?". A. The invoice has been partially paid by another payment. B. The invoice date is not in the current open period. C. The invoice is already on hold. D. The invoice accounting date is not in the current open period.

Which three are subject area subfolders that report Payables reconciliation differences to General Ledger? (Choose three.). A. Reconciliation Payment Details. B. Reconciliation Prepayment Application Details. C. Reconciliation Invoice Details. D. Reconciliation Invoice Hold Details. E. Reconciliation Invoice Request Details.

"An Office supplies company requires an advance payment of $8000 for the office supplies you wish to order. You enter and pay a prepayment type invoice for $8000. You enter the standard invoice to book the expense which totals $10000 and you apply the prepayment to the standard invoice. What are the accounting entries for that standard invoice with the prepayment application?". A. Invoice accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.The prepayment application has no impact on the Invoice. B. Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr AP Liability 8000 Cr Prepayment Account 8000. C. Invoice Accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr Expense Account 8000 Cr Prepayment Account 8000. D. Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr AP Liability Account 2000 Cr Prepayment Account 2000.

Which reporting tool is used to report on real-time data?. A. Essbase Cube. B. Smart View. C. Oracle Business Intelligence Publisher. D. Oracle Financial Reporting Studio. E. Oracle Transactional Business Intelligence (OTBI).

A Bill Payable document was paid but has not yet matured. What is the status of the payment?. A. In Transit. B. Cleared. C. Negotiable. D. Issued.

Which job role has full access to perform all Functional Setup Manager related activities?. A. Application System Administrator. B. Any Functional User. C. Functional Setup Manager Superuser. D. IT Security Manager. E. Application Implementation Consultant.

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.

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.). A. Weekly. B. Monthly. C. Bimonthly. D. Biweekly. E. Annually.

What is the recommendation when setting up Reconciliation Rule Sets?. A. One to One rules should be sequenced below rules of other types. B. Many to Many rules should always be used last in the sequence. C. One to One rules should be sequenced above rules of other types. D. Many to Many rules should always be used first in the sequence.

Your client company wants to ensure that the payments they are sending to their financial institution are valid and formatted correctly. 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.

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.

You need to create a payment for a supplier before the next payment run. The invoice you wish to pay is not available for selection in the Create Payment page. Which two are possible reasons for this? (Choose two.). A. The payment supplier site is different to the supplier site on the invoice. B. The invoice is not yet due. C. The invoice is not validated. D. The payment method for the invoice is Electronic. E. The invoice is not accounted.

Which three are supported image formats for the Integrated Imaging solution? (Choose three.). A. RTF. B. JPEG. C. TIFF. D. XLS. E. PNG.

You have an invoice with a payment term that has the following settings: • Day of Month = 15 • Cut off Day = 11 • Months Ahead = 0 • Terms Date on Invoice = January 12th What will the resulting due date for the invoice installment be?. A. March 15th. B. January 15th. C. April 15th. D. February 15th.

Which three are valid reasons why you cannot close your Payables period? (Choose three.). A. Bills payable requiring maturity. B. Unaccounted invoices and payments. C. Suppliers on payment holds. D. Unapplied prepayments. E. Incomplete payment files.

Which three reports are generated by the export setup data process? (Choose three.). A. Exported Business Object Report. B. Process Results Report. C. Process Results Summary Report. D. Process Results Detail Listing Report. E. Setup Data Report.

Which three are invoice types that can be entered using the Supplier Portal? (Choose three.). A. Invoices that are automatically created when the supplier creates an ASN for drop shipments. B. B2B XML invoices. C. Non purchase order matched invoices. D. Invoices that are created from the Evaluated Receipt Settlement (ERS) process. E. Purchase order matched invoices.

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. Single Type Participant In Parallel Mode Rule Set. B. Fyi Type Participant In Parallel Mode RuleSet. C. Invoice Approval RuleSet. D. Parallel Type Participant In Parallel Mode RuleSet.

"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?". A. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Invoice Options page for the business unit. B. 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. C. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Payment Options page for the business unit. D. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Disbursement System Options page for the business unit.

Your client company has two business units and requires the Payables Specialist to process invoice transactions for both business units. What setup is required to achieve this?. A. a Self-Service Service Provider Model. B. a Dedicated Service Provider model. C. Business Unit Security. D. a Dedicated and Self-Service Service Provider Model.

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

You have two business units, Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?. A. Use segment valuesecurity rules to secure access to business units. B. Assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles to each Expense Auditor. C. Assign the Expense Auditor as the owner of each business unit. D. Assign the Expense Auditor job roles to each auditor.

"Your customer has requested a modification to the payment file to meet the acceptable bank standards. The changes were based on a format of a seeded payment process profile which is already in use. The only changes made are to the field positions. What two steps can make these changes work?". A. No change in the template is needed as we can achieve this using user-defined validations to move the positions as required. B. Keep the payment process profile and leave the format programs unchanged. C. Copy and modify the existing template to alter the positions as requested by the bank. D. Create a newpayment process profile and a new format program. E. Create a new template to make changes as requested by the bank. F. Oracle Data Integrator or Golden Gate can be used to map the fields as required.

What is the name of the Work Area that is used to access Functional Setup Manager?. A. Functional Work Area. B. Functional Setup Manager. C. Customization Manager. D. Setup and Maintenance. E. Customize Setup and Maintenance.

You need to enter a high volume of users into the system. What is Oracle’s recommendation to do this?. A. Use the Enter a Supplier user interface and enter each user manually. B. Use the Hire an Employee user interface and enter each user manually. C. Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Cloud Applications. D. use the spreadsheet of Oracle Identity Manager (OIM) to import users.

An installment meets all of the selection criteria of a Payment Process Request but it still did not get selected for payment processing. Identify two reasons for this. A. The pay-through date is in a closed Payables period. B. The pay-through date is in a future period. C. The invoices need revalidation. D. The invoice has not been accounted. E. The installment was manually removed.

You have 10 ledgers and 30 business units and want to leverage Preference Data Sets. What is the function of Reference Data Sets?. A. allow you to secure data by business unit. B. allow you to assign multiple business units to users in a shared service center. C. allow you to maintain sets of related data in a Data Dictionary. D. allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup.

"You have created your first implementation project. You have assigned the Application Implementation Consultant role to your user. However, you are unable to create and add roles to users in Oracle Identity Management (OIM)." This issue is caused because you did not assign the ?. A. Superuser role to your user. B. IT Security Manager role to your user. C. Application Implementation Manager role to your user. D. Line Manager role to your user.

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

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

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.

Which three attributes are captured during the scanning of invoice images?. A. Invoice Date. B. Invoice Number. C. Terms Date. D. PO Number. E. Payment Method.

"Your company wants to generate intercompany transactions in USD but only 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 the receiver or provider. E. Set the intercompany system option minimum transaction amount to $2,999.99 USD.

Your customer has an electronic payment format program in use and wants all the documents 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.

A company has a requirement to pay small suppliers outside of Payables, but it does not want to manually record each payment. Which solution should you implement?. A. Create payments by using the Check Payment method for those suppliers and then destroy those checks. B. Create payments by using Electronic Funds Transfer (EFT) for those suppliers but do not send the electronic file to the bank. C. Create payments by using a clearing payment method for thosesuppliers because this payment method does not generate a file. D. Create a payment by using a wire payment method for those suppliers.

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?. A. The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% * 10,000-5000). B. 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). "C. 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).". D. The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is retained.

What are the output formats supported for Electronic and Check format programs?. A. Electronic output format of XML, Check output format of rtf. B. Electronic output format of eText, Check output format of rtf. C. Electronic output format of Text, Check output format of Text. D. Electronic output format of DATA (csv), Check output format of Zipped PDFs E. Electronic output format of PDF, Check output format of PDF.

Which two are classified as Self-Billed invoices? (Choose two). A. Customer Refunds initiated from Receivables. B. Evaluated Receipt Settlement (ERS) Invoices. C. Invoices created using Integrated Imaging. D. Expense Reports transferred from Expenses. E Debit Memos created by the Return to Supplier feature. F Invoices entered through the Supplier Portal.

You have enabled Payment Approval for your payment process requests (PPR). At what stage of the PPR is the payment approval process automatically triggered?". A.  Review Proposed Payments. B.  Review Installments. C.  Create Payment Files. D. Build Payments.

What does the Place of Supply rule value 'Bill to Party" imply in an Oracle Payables Invoice?. A.  Location assigned to the Supplier Party Site for the transactions. B.  Location assigned to the Legal Entity for the transactions. C Location assigned to the Legal Entity Reporting Unit for the transactions. D Location assigned to the Business Unit for the transactions.

Your client wants to retrieve values for the account code based on the invoice line description. For example, Invoice Line Description = Laptop then Account Code = 5670. Which Subledger Accounting option would you use to achieve this?. A.  Mapping Set. B.  Description Rule. C.  Supporting References. D.  Event Class Settings. E.  Transaction References.

Which two tools can you use to build layouts for BI Publisher reports? (Choose two_). A Report Developer. B. BI Composer. C. Template Builder for Word. D. Layout Editor. E Bl Answers.

When working vvith reference data sets in Payables. what reference data sharing method can you use for Payables Payment Terms?. A. Assignment to one set only no common values allowed. B. Assignment to one set only with common values. C. Assignment to multiple sets with common values allowed. D. Assignment to multiple sets: no common values allowed.

In the Business Intelligence Publisher (BIP) report layout properties page. when you click Extract Translation the BIP publisher extracts the translatable strings from the BIP report template and exports them into which format?. A. doc (Word file). B. .pdf (Acrobat reader file). C..xls (Excel file). D.xlf (XLIFF file).

Which two invoice types can have a status of Incomplete? (Choose two.). A. Supplier Portal Invoices which are rejected and resubmitted for approval. B. Scanned Invoices with incomplete or missing information. C Scanned Invoices which are rejected during import. D Prepayment Invoices which are fully paid but not applied against any invoice. E Supplier Portal Invoices which are saved but not yet submitted.

Your client wants the subledger journal entry description to be transferred to general ledger. Which two could be used to enable this? (Choose Tow.). A. Set the General Ledger Journal Entry Summarization option to Summarize by general ledger period. B. Set the General Ledger Journal Entry Summarization option to Group by general ledger period. C. Set the General Ledger Journal Entry Summarization option to Group by general ledger date. D. Set the General Ledger Journal Entry Summarization option to Summarize by general ledger date.