[Q46-Q65] Pass Your Oracle Cloud 1Z0-1055-21 Exam Easily with Accurate PDF Questions [May 10, 2022]

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Pass Your Oracle Cloud 1Z0-1055-21 Exam Easily with Accurate PDF Questions [May 10, 2022]

1Z0-1055-21 Certification Exam Dumps Questions in here

Oracle 1Z0-1055-21 Exam Syllabus Topics:

Topic	Details
Topic 1	Explain the Integrated Imaging Solution Manage Subledger Accounting
Topic 2	Explain Oracle Transactional Business Intelligence (OTBI) Use Business Intelligence Publisher (BIP) Reports
Topic 3	Manage Invoice and Payment Approvals Reporting and Period Close Create and Process Payments
Topic 4	Manage Witholding and Transaction Taxes Use the Payables to Ledger Reconciliation Report
Topic 5	Process expense reimbursements Create and Account for invoices

NEW QUESTION 46
When creating a check payment, from where is the payment document defaulted?

Legal Entity

Bank

Business Unit

Bank Account

Supplier

NEW QUESTION 47
An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected for payment processing.
What are the two possible reasons for this? (Choose two.)

The pay-through date is in a closed Payables period.

The invoice has not been accounted.

The invoice requires approval.

The pay-through date is in a future period.

The invoice needs re-validation.

NEW QUESTION 48
You have two business units: Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?

Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set Assignments page.

Assign the Expense Auditor job role to each auditor and associate the business unit to the role by using the Manage Data Access for Users page.

Assign the Expense Auditor job role to each auditor and use segment value security rules to secure access to the business units.

Assign the Expense Auditor job role to each auditor and use a data access set to associate the business unit to the role.

NEW QUESTION 49
You are testing the Payables to General Ledger Reconciliation report at the ledger level for your UK Ledger, you have run and selected the extract for the report but the request returned the message no data to display.
What is the reason for this?

You did not specify the range of liability accounts to include in the extract.

The reconciliation flag has not been enabled for your liability accounts.

The financial category of Accounts Payable is not assigned to the liability accounts.

You did not select the business units associated to the UK Ledger.

NEW QUESTION 50
During an expense audit the auditor marks an expense item that is missing a receipt to be Short Paid. They choose to complete the audit and warn the user.
Given that the Expense Report Audit Approval is set to After Manager Approval, what two are valid results of the auditor action? (Choose two.)

New expense report containing disallowed expense items is immediately created.

Approved part of the expense report is not eligible for expense reimbursement.

The approved part of the expense report is eligible for expense reimbursement.

New expense report containing disallowed expense items is not created until manager approves the short payment.

NEW QUESTION 51
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?

Manually enter the 1099s for the State and submit.

Generate a 1096 form and submit it instead.

Run and submit your 1099s because it will automatically reflect any changes.

Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.

NEW QUESTION 52
Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?

Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.

Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.

Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.

Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.

NEW QUESTION 53
Which attributes on the payables invoice can be used during approval rule creation?

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

company and cost center segment only

supplier only

cost center segment and supplier only

NEW QUESTION 54
Which three are Invoice Header attributes that can be used during invoice approval rule creation? (Choose three.)

Business Unit Name

Pay Group Lookup Code

Statistical Amount

Requester Name

Accounting Date

NEW QUESTION 55
Which three types of payments can you make if you have access to Disbursement Process Management Duty?
(Choose three.)

Reimbursement of employee expense reports

Employee advances

Supplier payments

Customer refunds

Ad hoc payments

NEW QUESTION 56
Which component is not included in the security architecture for credit card data and bank account data encryption?

Oracle Wallet

Supplier master encryption key

Sensitive data encryption and storage

Payments subkeys

Payments master encryption key

NEW QUESTION 57
Your customer matches their invoices to a purchase order and have noticed that the payment terms are defaulting from the order. For some suppliers, they would like to use the payment terms from the supplier site.
How can the customer achieve this?

Enter the payment terms in the Manage Payment Options page so they default onto the invoice.

Enter the payment terms at the Supplier level so they default onto the invoice.

Enter the payment terms at the supplier site level so they default onto the invoice.

Manually override the payment terms that have defaulted from the purchase order for those suppliers.

Enter the payment terms in the Manage Invoice Options page so they default onto the invoice.

NEW QUESTION 58
An installment for $1,000 USD is due for payment on January 10, 2019. The installment has two discounts:
the first discount date is December 5, 2018 for $150 USD and the second discount date is December 20, 2018 for $50 USD. The Pay Date Basis on the supplier site is Discount.
You submit a Payment Process Request with the following criteria:
* Payment Date = December 5, 2018
* Pay Through Date = December 25, 2018
* Date Basis = Pay Date
* Always Take Discount option is enabled
What will be the resulting status of the installment and discount?

The installment is selected and a discount of $50 USD (the second discount) is applied.

The installment is selected and a discount of $200 USD ($150 + $50) is applied.

The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.

The installment is selected but no discount is applied because the payment date is after the discount dates.

The installment is not selected because the first discount date is before the Pay Through Date.

NEW QUESTION 59
What is the difference between subject areas that append the word “Real Time” and those that do not?

The “Real Time” subject areas are based on real-time transactions and those that are not, are based on historical data.

The “Real Time” subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.

There is no difference.

The “Real Time” subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.

NEW QUESTION 60
Identify two ways the invoice imaging solution works in the Cloud. (Choose two.)

Customers cannot use invoice imaging in the Cloud.

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

Customers ask their suppliers to scan and email the invoice.

Customers ask suppliers to send electronic invoices.

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

NEW QUESTION 61
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?

Invoice accounting – Dr Prepayment Account 10000 Cr AP Liability Account 10000.The prepayment application has no impact on the Invoice.

Invoice accounting – Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application – Dr AP Liability 8000 Cr Prepayment Account 8000.

Invoice Accounting – Dr Prepayment Account 10000 Cr AP Liability Account 10000.Prepayment application – Dr Expense Account 8000 Cr Prepayment Account 8000.

Invoice accounting – Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application – Dr AP Liability Account 2000 Cr Prepayment Account 2000.

NEW QUESTION 62
Identify three scenarios where you are not allowed to cancel an invoice. (Choose three.)

Prepayments were applied to the invoice.

An accounting entry has been created for the invoice.

The invoice is validated.

The invoice is fully or partially paid.

The invoice was adjusted by a credit or a debit memo.

NEW QUESTION 63
You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?

Run the create accounting program.

Run the invoice validation program.

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

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

Terminate the payment process request.

NEW QUESTION 64
What is the name of the Work Area that is used to access Functional Setup Manager?

Functional Work Area

Functional Setup Manager

Customization Manager

Setup and Maintenance

Customize Setup and Maintenance

NEW QUESTION 65
Which two invoice types can have a status of Incomplete? (Choose two.)

Supplier Portal Invoices which are rejected and resubmitted for approval

Scanned Invoices with incomplete or missing information

Scanned Invoices which are rejected during import

Prepayment Invoices which are fully paid but not applied against any invoice

Supplier Portal Invoices which are saved but not yet submitted

Updated 1Z0-1055-21 Exam Practice Test Questions: https://www.testsimulate.com/1Z0-1055-21-study-materials.html

Oracle 1Z0-1055-21 Exam Syllabus Topics:

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