[2023] Earn Quick And Easy Success With 1z0-1055-22 Dumps [Q16-Q39]

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[2023] Earn Quick And Easy Success With 1z0-1055-22 Dumps

Free 1z0-1055-22 pdf Files With Updated and Accurate Dumps Training

Oracle 1z0-1055-22 certification is recognized worldwide and is a valuable asset for professionals in the financial management industry. Oracle Financials Cloud: Payables 2022 Implementation Professional certification demonstrates that an individual has the knowledge and skills necessary to manage and implement Oracle Financials Cloud: Payables 2022 effectively, which can lead to better job prospects and higher salaries.

QUESTION 16
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.

QUESTION 17
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 ________.

Superuser role to your user

IT Security Manager role to your user

Application Implementation Manager role to your user

Line Manager role to your user

QUESTION 18
Your company policy requires imaged receipts for expense reports.
Which two statements are true about the association of a receipt to an expense report? (Choose two.)

Employees are not reimbursed for expense report expenditures until missing or overdue imaged receipts are submitted.

Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.

Receipts are not required if the expense item falls within Per Diem Rates.

An expense report may require original, imaged, or both types of receipts.

QUESTION 19
When creating a check payment, from where is the payment document defaulted?

Legal Entity

Bank

Business Unit

Bank Account

Supplier

QUESTION 20
You have an invoice for $200 USD and a credit memo for $225 USD. In other words, the credit amount exceeds the invoice amount. If you enable the option to apply credits up to zero amount payment, then how will the invoice and credit memo be paid?

Neither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero.

Both the invoice and the credit memo are paid and a refund of $25 USD is created.

Both the invoice and credit memo are included in the payment process request for a payment amount of $0 USD. The credit memo is partially paid with a remaining credit of $25 USD.

Both the invoice and the credit memo are selected and the Payment Process Request requires attention.

QUESTION 21
The expense auditor has chosen to Request More Information for an expense report. Select two ways the system processes this action. (Choose two.)

The expense report status remains Pending Payables Approval.

The expense report is routed back to the approvers.

The audit can be completed before the requested information is received from the employee.

The employee must resubmit the expense report.

QUESTION 22
Before you can configure payment approval rules, your company must define a payment approval policy. Which three are done by the payment approval policy? (Choose three.)

It allows approvers to review payments and decide whether or not to approve a payment.

It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.

It defines a list of approvers who review payments and make final payment decisions.

It defines when to initiate the payment approval process.

It determines which payments must go through the payment approval process.

QUESTION 23
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.

QUESTION 24
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.

QUESTION 25
Which method can you use to route payment approval rules?

Approval Groups

Sequential

Both Parallel and Sequential

Parallel

Serial and FYI (For Your Information)

QUESTION 26
You have an invoice for a three-month lease and wish to recognize the expense monthly for the duration of the lease.
What must be entered on the invoice in order to do this?

You must provide a start date and an end date for the prepaid expenses in the invoice lines or distributions.

You must provide a start date, an end date, and the accrual account for the prepaid expenses in the invoice lines or distributions.

You must provide a start date and the accrual account for the prepaid expenses in the invoice lines or distributions.

You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.

QUESTION 27
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?

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.

Define a user validation at the format program to include: Field “Document pay group”, condition “Equal to String”, and value “Domestic”.

Modify your template to hard code the value “Domestic” for the pay group position.

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.

QUESTION 28
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

QUESTION 29
You created a payment and before it is cashed by the supplier you mistakenly submitted a request to stop payment. Later you canceled the request to stop payment. What is the resulting payment status?

Voided

Negotiable

Stop initiated

Available

Canceled

Cleared

QUESTION 30
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.

QUESTION 31
You have successfully processed the expense reports for reimbursement and have transferred the information to Payables. What is the next step before you can pay them?

Transfer the data to General Ledger.

Validate the invoice in Payables.

Create a payment process request in Payments.

Create Accounting for the invoice in Payables.

QUESTION 32
When submitting the Payables to General Ledger Reconciliation report, the extract did not select any dat
a. What should you check?

Make sure you assign an Account parameter when running the extract to include liability accounts.

Make sure you specified a Business Unit in the parameters when running the extract.

Make sure you enabled the Reconciliation flag to all of your liability natural account values.

Make sure you assigned a Financial Category of Accounts Payable to all your liability natural account values.

QUESTION 33
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?

SingleTypeParticipantInParallelModeRuleSet

FyiTypeParticipantInParallelModeRuleSet

InvoiceApprovalRuleSet

ParallelTypeParticipantInParallelModeRuleSet

QUESTION 34
You have created an approval rule as follows:
Rule 1: If the invoice amount > $1000, route it to User 1.
Rule 2: If the invoice amount < $1000, auto approve it.
Now, the user creates an invoice for $1000 and routes it for approval. What will happen?

Invoice will not be processed.

The system will issue an error message after the approval has been initiated.

Invoice will be sent to User 1 for approval.

Invoice will be auto-approved.

QUESTION 35
A Payment Process Request was submitted and errors were found in the payment file. The payment file and process were terminated.
Which two statements are true? (Choose two.)

The invoices are placed on payment hold.

The status of each payment in the payment file is Terminated.

The status of the payment file is Terminated.

The status of each payment in the payment file is Cancelled and the related documents are available for future selection.

The status of the payment file is Cancelled.

QUESTION 36
You have evaluated the use of Oracle Maps Cloud service with Expenses for mileage calculation. The decision is to use this feature.
How do you enable the feature?

Set the profile option ORA_EXM_ORACLE_MAPS to yes at the site level.

Set Enable Oracle Maps to yes in the expense mileage policies.

Set Enable Oracle Maps to yes in the expense report template.

Set Enable Oracle Maps to yes in the expenses system options.

QUESTION 37
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

QUESTION 38
Your client is concerned that all expense reports are getting automatically approved by the expenses system despite the setup of an Audit Selection Rule.
What is the reason for this?

The audit selection rule has not been assigned in the system options page

The audit selection rule has not been assigned to the legal entity

Auditing has not been enabled in the system options page

An expenses template and type rule has not been setup

The audit selection rule has not been assigned to the business unit

QUESTION 39
Your customer has implemented English as base language and French as a local language. The customer’s bank needs the payment file to be sent to them in French. What is the relevant step to do this for preparing the payment template?

Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.

Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with English locale.

Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.

Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.

Obtaining the Oracle 1z0-1055-22 certification demonstrates to employers and peers that the candidate has the skills and knowledge necessary to implement and manage the Oracle Financials Cloud: Payables 2022 module. Oracle Financials Cloud: Payables 2022 Implementation Professional certification is beneficial for professionals who work in finance, accounting, or IT roles and are responsible for implementing and managing financial systems in their organization. Additionally, obtaining this certification can lead to career advancement opportunities and higher salary potential.

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[2023] Earn Quick And Easy Success With 1z0-1055-22 Dumps [Q16-Q39]

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