Pass Your Oracle Exam with 1Z0-1055-21 Exam Dumps (Updated 142 Questions) [Q20-Q38]

1Z0-1055-21 Oracle

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April 9, 2022

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Pass Your Oracle Exam with 1Z0-1055-21 Exam Dumps (Updated 142 Questions)

1Z0-1055-21 Exam Dumps – Oracle Practice Test Questions

Oracle 1Z0-1055-21 Exam Syllabus Topics:

Topic	Details
Topic 1	Manage Invoice and Payment Approvals Reporting and Period Close Create and Process Payments
Topic 2	Manage Witholding and Transaction Taxes Use the Payables to Ledger Reconciliation Report
Topic 3	Process expense reimbursements Create and Account for invoices
Topic 4	Configure Payables and Payments Explain Bank Reconciliations
Topic 5	Explain the Integrated Imaging Solution Manage Subledger Accounting
Topic 6	Explain Oracle Transactional Business Intelligence (OTBI) Use Business Intelligence Publisher (BIP) Reports
Topic 7	Configure Payables and Payments Manage Corporate Cards Manage Expense Approval

NEW QUESTION 20
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?

.doc (Word file)

.pdf (Acrobat reader file)

.xls (Excel file)

.xlf (XLIFF file)

Explanation
BI Publisher extracts the translatable strings from the template and exports them to an XLIFF (.xlf file).

NEW QUESTION 21
Which two statements are true when you are using the Intercompany Reconciliation Reports? (Choose two.)

You must run the prepare Intercompany Reconciliation Reporting Information process.

The reconciliation period summary report will not show the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.

The reports will show the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.

The reports will include Ledger balancing lines generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.

You can drill down on the links in the Period Summary report to view the balances by Intercompany Organization.

Explanation
A (not C): The Reconciliation Period Summary report displays the intercompany receivables and intercompany payables balances in summary for a period, and any differences between them.
D:Ledger balancing lines generated when the primary balancing segmentvalue is in balance but either the second balancing segment or the third balancing segment is out of balance

NEW QUESTION 22
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?

Create payments by using the Check Payment method for those suppliers and then destroy those checks.

Create payments by using Electronic Funds Transfer (EFT) for those suppliers but do not send the electronic file to the bank.

Create payments by using a clearing payment method for thosesuppliers because this payment method does not generate a file.

Create a payment by using a wire payment method for those suppliers.

Explanation
When you create a payment outside of Payables, for example, using a typed check or wire transfer, within Payables you can record the payment and update the invoices that you paid.

NEW QUESTION 23
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 24
Which dashboard or workarea displays the Scanned Invoices region for invoices processed through the Payables Integrated Imaging solution?

Manage Invoices page

C-level executives

Invoices Workarea only

Payables Dashboard only

Payables Dashboard and Invoices Workarea

Explanation
Accounts payable specialists can view the list of scanned images for invoice entry, along with the additional routing attributes, in the Scanned Invoices region of the Invoices work area.
References:http://docs.oracle.com/cd/E36909_01/fusionapps.1111/e20375/F569958AN60E65.htm

NEW QUESTION 25
What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?

The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.

The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.

The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.

The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.

Explanation
Run the Payables Unaccounted Transactions Sweep program to transfer unaccounted transactions from one accounting period to another. If your accounting practices permit it, use this program to change the accounting date of the transactions to the next open period.
The program transfers unaccounted transactions to the period you specify by updating the accounting dates to the first day of the new period.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011880AN1B948.htm

NEW QUESTION 26
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?

InvoiceApproversFYIParticipantInParallelMode

InvoiceApproversSingleParticipantInParallelMode

InvoiceApproversParallelParticipantInParallelMode

Invoice Approvers

NEW QUESTION 27
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?

March 15th

January 15th

April 15th

February 15th

NEW QUESTION 28
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.

Explanation
In Oracle Fusion applications, there are two types of subject areas:
Subject areas whose names usually end with Real Time and access real-time (transactional) data.
Subject areas whose names usually do notend with Real Time and access data warehouse data.
References: https://docs.oracle.com/cloud/farel8/common/OATBI/postinstallation.htm

NEW QUESTION 29
What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?

values that are organized into parent-child relationships

data that is metric and can be added up or aggregated

information about a business object with values that are dates, Ids or text

data that provides a measure of something

NEW QUESTION 30
Which two statements about the submission of invoices by suppliers using Supplier Portal are true? (Choose two.)

A supplier can make changes to the invoice after submitting it.

A supplier can submit a single invoice against multiple purchase orders across different currencies and organizations.

A supplier can submit a single invoice against multiple purchase orders, provided the currency and organization for all the invoice items are the same as those on the purchase orders.

A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully billed.

A supplier can validate the invoice after submitting it.

Explanation
D: (not C): You can enter a credit memo against a fully billed purchase order (use negative quantity amounts to enter a credit memo), as well as invoice against multiple purchase orders. However, the currency and organization of all items on an invoice must be the same. The organization is the entity within the buyer’scompany that you are invoicing.
IncorrectAnswers:
E: After you submit an invoice, you cannot change the invoice.
References:https://docs.oracle.com/cd/E18727_01/doc.121/e13414/T463223T463232.htm

NEW QUESTION 31
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.

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

The pay-through date is in a future period.

The invoices need revalidation.

The invoice has not been accounted.

The installment was manually removed.

Explanation
An installment can meet the selection criteria of a payment process request, yet not get selected for payment for one or more reasons.
You can review installments that were not selected for payment, along with the reasons they were not selected, on the Not Selected tab of the Review Installments page.
The reasons are as follows:
References:https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm

NEW QUESTION 32
There are four key reports in Cash Management.
What is the correct match for each report and its description?
Report
1. Cash to General Ledger Reconciliation Report
2. Bank Statement Report
3. Cash in Transit Report
4. Bank Statement Analysis Report
Description
1. Lists all transactions for a specific bank account, that have been remitted to the bank but have not been cleared.
2. Displays the bank statements that are used to analyze balances and transaction details.
3. Displays balance and transaction information for specific bank statements.
4. Lists bank statement transactions that are accounted in GL but are not reconciled in Cash Management.

1 = H, 2 = G, 3 = E, 4 = F

1 = E, 2 = G, 3 = H, 4 = F

1 = H, 2 = F, 3 = E, 4 = G

1 = H, 2 = E, 3 = G, 4 = F

NEW QUESTION 33
The payment build program has completed but with errors.
When submitting the payment process request, which processing option is used to review the error messages from the Manage Payment Process Request Inquiry?

Set the validation failure handling for documents to “show errors.”

Set the validation failure handling for payments to “stop process for review.”

Set the validation failure handling for payments to “show errors.”

Enable debug for the payment format program.

NEW QUESTION 34
Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation. (Choose two.)

Do not assign bank accounts to business units.

Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.

Business units must be granted access to the bank account.

Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.

Allow bank accounts to be accessed by all roles and users because the default value to secure a bank account by users and roles is No.

Explanation
Account Access
Payables and Receivables account access is secured by business unit. In addition to selecting theappropriate application use or uses, one or more business units must be granted access before the bank account can be used by Payables and Receivables. Only business units that use the same ledger as the bank accounts owning legal entity can be assigned access.

NEW QUESTION 35
Your client wants the subledger journal entry description to be transferred to general ledger.
Which two could be used to enable this? (Choose two.)

Set the General Ledger Journal Entry Summarization option to Summarize by general ledger period

Set the General Ledger Journal Entry Summarization option to Group by general ledger period

Set the General Ledger Journal Entry Summarization option to Group by general ledger date

Set the General Ledger Journal Entry Summarization option to Summarize by general ledger date

NEW QUESTION 36
Which data is visible to a Payables user in the Payables to General Ledger Reconciliation report?

Data for all business units and one balancing segment in the ledger

Data for authorized business units only; no GL data is visible

Data for all business units and all balancing segments in the ledger

Data for authorized business units and GL data for all balancing segments in the ledger (unless restricted)

Explanation
Payables users can also see general ledger data for all balancing segment values in the ledger.

NEW QUESTION 37
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?

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

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

Make sure you ran the Retrieve Latest LDAP Changes program.

Make sure the user logs out and logs back in.

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 38
What two job roles are required to access information within Functional Setup Manager? (Choose two.)

Application Implementation Manager

Any Functional User

Application Implementation Consultant

Functional Setup Manager Superuser

IT Security Manager

Explanation
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.htm

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