[Dec-2025] Oracle 1Z0-1055-23 Actual Questions and Braindumps
Pass 1Z0-1055-23 Exam with Updated 1Z0-1055-23 Exam Dumps PDF 2025
NEW QUESTION # 13
Which three attributes are captured during the scanning of invoice images?
- A. PO Number
- B. Invoice Date
- C. Payment Method
- D. Terms Date
- E. Invoice Number
Answer: A,D,E
Explanation:
For Payables invoice processing, PO number, supplier, invoice number, invoice amount, invoice date, customer taxpayer ID, and business unit are extracted as part of the predefined configurations.
This figure shows the Scanned information tileon the Invoices landing page.
References:http://docs.oracle.com/cd/E36909_01/fusionapps.1111/e20375/F569958AN60E65.htm
NEW QUESTION # 14
You have a high volume of invoices to enter that have similar lines and do not require extensive validation. What must you do if you want to group multiple invoices in a batch during spreadsheet entry?
- A. Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.
- B. Make sure the Invoice Number is the same.
- C. Assign the same Invoice Header Identifier to multiple invoices you want to group.
- D. Make sure all the invoice dates are the same.
- E. Enter a value in the Invoice Group field to group similar invoices into a batch.
Answer: C
Explanation:
What's an invoice group?
A collection of invoices that is used as a parameter for the Validate Payables Invoice process, a selection criteria for submitting a payment process request, and a parameter in some reports. If you enable the invoice option Require invoice grouping, you must associate each invoice with an invoice group.
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAPPP/F1011878AN100C4.htm
NEW QUESTION # 15
The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct? (Choose three.)
- A. All related interest invoices are reversed if previously created.
- B. Voiding the payment automatically places an invoice on hold.
- C. All related withholding tax invoices are automatically voided.
- D. Any realized gain or loss previously calculated is reversed.
- E. Any previous accounting and payment records for an invoice are reversed.
Answer: C,D,E
Explanation:
D: When you void a payment, Payables automatically reverses the accounting and payment records so your general ledger will have the correct information, and so the status of the paid invoices is reset to Unpaid. Payables also reverses any realized gains or losses on foreign currency invoices recorded as paid by the payment.
B: If you withhold taxes at payment time and you void a payment that paid an invoice with an associated withholding tax invoice, then Payables automatically creates a negative (reversing) invoice for the tax authority supplier to offset the amount of the tax withholding invoice. You determine when you withhold taxes by selecting the Apply Withholding Tax option in the Payables Options page.
References: Oracle Payables User's Guide, Voiding Payments Using the Payments Window
NEW QUESTION # 16
You want 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. InvoiceApproversFYIParticipantInParallelMode
- B. InvoiceApproversParallelParticipantInParallelMode
- C. InvoiceApproversSingleParticipantInParallelMode
- D. Invoice Approvers
Answer: B
NEW QUESTION # 17
While processing an expense report, the system placed a payment hold on the expense report. What are two ways to release payment holds?
- A. Payables Manager can release payment holds in Payables.
- B. Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.
- C. The employee can manually release the hold.
- D. The employee's supervisor can manually release the hold.
- E. The expense auditor can manually release the payment hold at his discretion.
Answer: A,C
Explanation:
Payment holds are released in the following ways:
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm
NEW QUESTION # 18
You entered an invoice of 12,000 and paid it for Office Suppliers. The payment was never received by the supplier, and you decide to return the entire order. What should you do?
- A. Cancel the invoice, which debits the liability and credits the expense.
- B. Issue a credit memo, which will debit the liability and credit the expense.
- C. Void the payment, which debits cash and credits the liability, and then issue a credit memo, which debits the liability and credits the expense.
- D. Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits the liability and credits the expense.
Answer: D
NEW QUESTION # 19
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.
Answer: B
Explanation:
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
NEW QUESTION # 20
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?
- A. The invoice is not yet due.
- B. The payment method for the invoice is Electronic.
- C. The payment supplier site is different to the supplier site on the invoice.
- D. The invoice is not accounted.
- E. The invoice is not validated.
Answer: A,C
NEW QUESTION # 21
Which three types of payments can you make if you have access to Disbursement Process Management Duty? (Choose three.)
- A. Customer refunds
- B. Employee advances
- C. Ad hoc payments
- D. Reimbursement of employee expense reports
- E. Supplier payments
Answer: A,B,C
NEW QUESTION # 22
Which two are true for Payables Payment Terms?
- A. When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice but not those associated with the common set.
- B. When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice plus those associated with the common set.
- C. Each payment term can only be assigned to one reference data set.
- D. You must assign the predefined payment term Immediate to the reference data set that is assigned to the business unit before you can define common options for Payables and Procurement.
Answer: C,D
Explanation:
Assigning a reference data set to a business unit: When you define a business unit, assign the business unit a reference data set for the Payables Payment Terms reference group.
Before you define common options for Payables and Procurement, you must assign theImmediatepayment term to the reference data set for the business unit.
NEW QUESTION # 23
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which two actions will accomplish this?
- A. Define the Disbursement Bank Account to the Payment Method in payment default rules.
- B. Define the Disbursement Bank Account in the Payment tab at the supplier site level.
- C. Assign the Disbursement Bank Account to users to have the payment process default the bank account.
- D. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
- E. Create a Payment Process Request template that includes the Disbursement Bank Account.
Answer: D,E
NEW QUESTION # 24
When submitting the Payables to General Ledger Reconciliation report, the extract did not select any dat a. What should you check?
- A. Make sure you assigned a Financial Category of Accounts Payable to all your liability natural account values.
- B. Make sure you specified a Business Unit in the parameters when running the extract.
- C. Make sure you assign an Account parameter when running the extract to include liability accounts.
- D. Make sure you enabled the Reconciliation flag to all of your liability natural account values.
Answer: A
Explanation:
You must assign a Financial Category of Accounts payable to all your liability natural account values. This is a required setup step for Payables to General Ledger reconciliation.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011880AN1B948.htmc
NEW QUESTION # 25
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.
Answer: D
Explanation:
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/F1005004AN1204B.htm
NEW QUESTION # 26
Which two are classified as Self-Billed invoices?
- A. Invoices entered through the Supplier Portal
- B. Debit Memos created by the Return to Supplier feature
- C. Customer Refunds initiated from Receivables
- D. Invoices created using Integrated Imaging
- E. Expense Reports transferred from Expenses
- F. Evaluated Receipt Settlement (ERS) Invoices
Answer: A,F
Explanation:
Select ERS and Use in the Transaction source parameter when running the Pay on Receipt Auto-invoice concurrent program.
You enable paying your supplier by selecting a method on the Purchasing tab of the Supplier Sites window in Oracle Payables.
NEW QUESTION # 27
A Bill Payable document was paid but has not yet matured.
What is the status of the payment?
- A. In Transit
- B. Issued
- C. Negotiable
- D. Cleared
Answer: B
NEW QUESTION # 28
An installment for $2,000 USD is due for payment on July 31, 2018. The installment has two discounts: the first 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 selected and a discount of $150 USD is applied.
- B. The installment is selected and a discount of $50 USD is applied.
- C. The installment is not selected because the discount dates are before the Pay Through Date.
- D. The installment is not selected because the due date is after the Pay Through Date.
- E. The installment is selected and no discount is applied.
Answer: B
NEW QUESTION # 29
You need to have an 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.
Select two methods to achieve this.
- A. Define a distribution set and assign it manually to the invoice.
- B. Choose the 'All Lines' option from the Allocate menu in the invoice line area.
- C. Configure Subledger Accounting rules to allocate costs.
- D. Define a distribution set and assign it to the supplier.
Answer: B,C
Explanation:
A: Account Rules by Segment
Define segment rules to derive a specific segment of the general ledger account. For example, a particular segment like the company segment can be determined from the distribution account. Another segment can be determined with the use of a constant value. Creating the account one segment at a time offers greater flexibility, but also requires more setup.
C: You can use a Distribution Set to automatically enter distributions foran invoice when you are not matching it to a purchase order. For example, you can create for an advertising supplier a Distribution Set that allocates advertising expense on an invoice to four advertising departments.
References:https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/distsets.htm
NEW QUESTION # 30
What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?
- A. data that is metric and can be added up or aggregated
- B. information about a business object with values that are dates, Ids or text
- C. values that are organized into parent-child relationships
- D. data that provides a measure of something
Answer: A
NEW QUESTION # 31
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