Most UptoDate Oracle 1Z0-1055-23 Exam Dumps PDF 2025 [Q48-Q68]

Most UptoDate Oracle 1Z0-1055-23 Exam Dumps PDF 2025

100% Free Oracle Financials Cloud 1Z0-1055-23 Dumps PDF Demo Cert Guide Cover

NEW QUESTION # 48
Which two statements about the submission of invoices by suppliers using Supplier Portal are true?

• A. 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.
• B. A supplier can validate the invoice after submitting it.
• C. A supplier can make changes to the invoice after submitting it.
• D. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully billed.
• E. A supplier can submit a single invoice against multiple purchase orders across different currencies and organizations.

Answer: A,B,C

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 # 49
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 ran the Retrieve Latest LDAP Changes program.
• B. Make sure you can query the user from the Manage Users page and verify the roles assigned.
• C. Make sure you can query the user using Oracle Identity Manager (OIM) and the roles are assigned.
• 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 # 50
Which two are true for Payables Payment Terms?

• A. 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.
• B. 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.
• C. Each payment term can only be assigned to one reference data set.
• D. 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.

Answer: A,C

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 # 51
An invoice for $200 USD and a credit memo for $225 USD are due for payment and the "Apply credits up to zero amount" option is enabled for the payment process request. Which statement is correct?

• A. The payment process request doesn't select the invoice or credit memo for payment because the credit reduces the payment to - $25 USD, which is below zero.
• B. The payment process request creates a refund for $225 USD and leaves the invoice unpaid.
• C. The payment process request applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.
• D. The payment process request pays only $200 USD alone.

Answer: D

Explanation:
When you submit a "payment process request", you can enable the Apply credits up to zero amount payment option. Enablingthe option causes the payment process to apply credits when the credits reduce the payment amount below zero.
The following scenario illustrate the impact of this option.
Credit Amount Greater Than Invoice Amount
An invoice for 200 USD and a credit memofor 225 USD are due for payment.
The following table describes the payment processing that occurs based on the setting for the Apply credits up to zero amount payment option.
Assume that the "Apply Credits Up to Zero Amount" option is enabled.
Payment processing applies 200 USD of the credit memo to the invoice and creates a payment for 0 USD. The remaining credit is 25 USD.
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9F438E13CC89BA0CE040D30A68816F77

NEW QUESTION # 52
Your company policy requires that receipts be attached to expense report items before reimbursement can be made.
Which two statements are true about the association of a receipt to an expense report?

• A. Receipts are not required if the expense item falls within Per Diem Rates.
• B. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
• C. Expenses do not create payment requests for expense reports that have missing or overdue receipts.
• D. An expense report may require original, imaged, or both types of receipts.

Answer: C,D

Explanation:
Your company periodically schedules and runs the Generate Overdue and Missing Receipts Notification process that generates overdue receipt notifications.
If receipts are overdue and setup requires that the individual be notified, then Expenses automatically sends a notification to the individual to inform him that receipts are overdue.
An expense report may require original, imaged, or both types of receipts.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm

NEW QUESTION # 53
Which two invoice types can have a status of Incomplete?

• A. Prepayment Invoices which are fully paid but not applied against any invoice
• B. Scanned Invoices with incomplete or missing information
• C. Supplier Portal Invoices which are saved but not yet submitted
• D. Supplier Portal Invoices which are rejected and resubmitted for approval
• E. Scanned Invoices which are rejected during import

Answer: C,D

Explanation:
As a Supplier user, you can now edit and resubmit invoices that are rejected from the approval users during the invoice request approval process.
An incomplete invoice is an invoice created from an image that has invalid or missing information.

NEW QUESTION # 54
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?

• A. Create Accounting for the invoice in Payables.
• B. Create a payment process request in Payments.
• C. Validate the invoice in Payables.
• D. Transfer the data to General Ledger.

Answer: C

Explanation:
Oracle Fusion Expenses provides reimbursement functionality that ensures corporate card issuers and employees are reimbursed for business expenses. Expenses uses Oracle Fusion Payables to process expense reports for reimbursement. To reimburse card issuers and employees, the expense auditor runs the Process Expense Reimbursement process and the corporate card administrator runs the process, Create Corporate Card Issuer Payment Requests. After payment requests are created in Payables, corporate card issuers and employees are paid by Oracle Fusion Payments.
Thisfigure shows the flow of data when the expense auditor runs the Process Expense Reimbursement program.

NEW QUESTION # 55
When reviewing installments, what setup is required to override the supplier site on an invoice?

• A. Allow the remit-to supplier override for third-party payments at Manage Payment options.
• B. Allow the remit-to supplier override for third-party payments at Manage Invoice options.
• C. Allow payee to override for third-party payments while Manage Invoice options.
• D. Allow the remit-to supplier address override for third-party payments at Manage Invoice options.

Answer: D

Explanation:
(Optional) Setting the Remit-to Supplier Override Option
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAIPP/F1470346AN14ECB.htm

NEW QUESTION # 56
You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post the invoice to general ledger?

• A. Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.
• B. Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.
• C. Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger's Manage Journals page and post the associated invoice journal entry.
• D. Enter and post a manual journal entry directly into the general ledger.

Answer: C

NEW QUESTION # 57
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements.

• A. For period end accruals, accounting is created at material receipt or at delivery to a final destination.
• B. For period end accruals, the invoice accounting debits the expense account and credits the liability account.
• C. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.
• D. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.

Answer: B,C

NEW QUESTION # 58
Which three are valid reasons why you cannot close your Payables period? (Choose three.)

• A. Suppliers on payment holds
• B. Incomplete payment files
• C. Bills payable requiring maturity
• D. Unapplied prepayments
• E. Unaccounted invoices and payments

Answer: B,D,E

NEW QUESTION # 59
Which three options are available to filter data when you submit the Prepare Payables to Ledger Reconciliation report? (Choose three.)

• A. Ledger Set
• B. Business Unit
• C. Natural Account
• D. Legal Entity
• E. Supplier
• F. Balancing Segment Value

Answer: B,C,E

Explanation:
Typically General Ledger users are secured by data access sets. Data access sets use primary balancing segment values to secure access to ledgers, ledger sets, and portions of ledgers. Payables users are secured by business units.
For the Payables to General Ledger Reconciliation report:
General Ledger users can see general ledger data for the balancing segment values in their data access set. General Ledger users can also see the Payables or Oracle Fusion Subledger Accounting data for all business units linked to the ledger.
Payables users can see the Payables and Subledger Accounting data for business units in their security definition. Payables users can also see general ledger data for all balancing segment values in the ledger.

NEW QUESTION # 60
What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?

• A. data that provides a measure of something
• 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. values that are organized into parent-child relationships

Answer: B

NEW QUESTION # 61
You have three procurement business units, four requisition business units and five sold-to business units. For which will the supplier registration flows be deployed?

• A. one business unit per supplier
• B. twelve business units per supplier
• C. three procurement business units
• D. five sold-to business units
• E. four requisition business units

Answer: C

Explanation:
A supplier is modeled as a global entity, meaning it is not created within a business unit or any other organizational context. A procurement business unit establishes a relationship with asupplier through the creation of a site which maintains internal controls for how procure to pay transactions are executed with the supplier. The other entities of the supplier profile capture mostly external information that is provided by the supplier, such as taxidentifiers, addresses, contact information, and so on.
References:https://docs.oracle.com/cd/E51367_01/procurementop_gs/OAPRC/F1007476AN106E5.htm

NEW QUESTION # 62
What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?

• A. iSupplier Invoice
• B. Credit Memo
• C. Standard Invoice
• D. Supplier payment request
• E. Standard invoice request

Answer: D

NEW QUESTION # 63
Identify three scenarios where you are not allowed to cancel an invoice. (Choose three.)

• A. An accounting entry has been created for the invoice.
• B. The invoice is validated.
• C. The invoice was adjusted by a credit or a debit memo.
• D. The invoice is fully or partially paid.
• E. Prepayments were applied to the invoice.

Answer: B,C,E

Explanation:
Why can't I cancel an invoice?
The invoice is:
Additional reasons thatyou can't cancel an invoice are as follows:
You can cancel any unapproved invoice, or an approved invoice that does not have anyeffective payments or posting holds.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011878.htm#FAPPP1011878

NEW QUESTION # 64
Which reports can show you differences between your subledger balances and general ledger balances to help you reconcile quickly?

• A. Payables Trial Balance and General Ledger Trial Balance reports
• B. Payables Aging reports with the General Ledger Trial Balance report
• C. General Ledger Financial Statements and the Accounts Payable and Invoice Registers
• D. Payables to Ledger Reconciliation report

Answer: B

Explanation:
Payables Trial Balance Report lists and subtotals by supplier and liability account all unpaid and partially paid invoices thatPayables transferred to the general ledger. Accounts Payable Trial Balance Report helps to verify that total accounts payable liabilities in Payables equal to those in the Fusion General Ledger.
References:
http://apps2fusion.com/oracle-fusion-online-training/fusion-applications/oracle-fusion-financials/fusion-financials-training/1131-fusion-payables-how-to-generate-trial-balance-report

NEW QUESTION # 65
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 a clearing payment method for thosesuppliers because this payment method does not generate a file.
• B. Create payments by using the Check Payment method for those suppliers and then destroy those checks.
• C. Create payments by using Electronic Funds Transfer (EFT) for those suppliers but do not send the electronic file to the bank.
• D. Create a payment by using a wire payment method for those suppliers.

Answer: C

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 # 66
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?

• A. New expense report containing disallowed expense items is not created until manager approves the short payment.
• B. Approved part of the expense report is not eligible for expense reimbursement.
• C. New expense report containing disallowed expense items is immediately created.
• D. The approved part of the expense report is eligible for expense reimbursement.

Answer: B,C

Explanation:
New expense report containing disallowed expense items is immediately created.
Expense report isn't eligible for expense reimbursement.

NEW QUESTION # 67
Which statement is true about selecting a bank account on the Create Payment page?

• A. Bank account must match the supplier's bank account.
• B. Users can pick any bank account as long as the bank account is tried to the business unit.
• C. LE on the bank account should be equal to LE on the invoice.
• D. LE on the bank account should be different from the LE on the invoice.
• E. There is no relationship between the business unit, bank, and LE. Users can pick any bank account that is setup in their system.

Answer: E

Explanation:
Note: LE = legal entity

NEW QUESTION # 68
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