1z0-1055-22 Practice Exam and Study Guides – Verified By ActualPDF Updated 142 Questions [Q28-Q52]

NEW QUESTION 28
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 29
You have enabled Payment Approval for your payment process requests (PPR).
At what stage of the PPR is the payment approval process automatically triggered?

Review Proposed Payments

Review Installments

Create Payment Files

Build Payments

NEW QUESTION 30
In the implementation project, there is a requirement to add new transactional attributes to the Expense Approver Report workflow notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

The original Source

The Output types

The layout-template

The Data Model

The Style-Template

NEW QUESTION 31
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.

NEW QUESTION 32
Your client company wants to ensure that the payments they are sending to their financial institution are valid and formatted correctly. They would like to identify any validation failures as early in the process as possible.
Where would you suggest the validations are set?

Supplier Site

Payment Method

Payment Format

Payment Terms

Disbursement Bank Account

NEW QUESTION 33
A company has three legal entities each with a corresponding business unit all within the same country. All organizations buy and sell the same products. You are configuring the tax setup.
What is the minimum number of Tax Regimes you need to configure for this company?

2

6

1

3

NEW QUESTION 34
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.

NEW QUESTION 35
You have modified your tax setup and want to test the changes on actual Payables transactions. How do you validate before enabling for transaction?

by creating accounting in draft mode

by changing the tax status to test and then entering a payables invoice

by creating a payable invoice, and by validating and reviewing the tax application

Oracle Transactional Business Intelligence (OTBI)

by using Tax Simulator to test

NEW QUESTION 36
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? (Choose two.)

The payment supplier site is different to the supplier site on the invoice.

The invoice is not yet due.

The invoice is not validated.

The payment method for the invoice is Electronic.

The invoice is not accounted.

NEW QUESTION 37
XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However, when reviewing the invoice installments for XYZ Supplier the payables specialist is unable to override the remit-to supplier name and address on the Invoice installments.
What is the reason for this?

The option ‘Allow remit-to supplier override for third-party payments’ is not checked in the Invoice Options page for the business unit.

The option ‘Allow remit-to supplier override for third-party payments’ is not checked in the Common Options for Payables and Procurement page for the business unit.

The option ‘Allow remit-to supplier override for third-party payments’ is not checked in the Payment Options page for the business unit.

The option ‘Allow remit-to supplier override for third-party payments’ is not checked in the Disbursement System Options page for the business unit.

NEW QUESTION 38
Which two statements are true related to configuration package? (Choose two.)

You can export and import the custom roles from Oracle Identity Manager.

You can export and import the allocation rules from the allocation manager.

You can export and import the approval rules from the approval management engine.

You can export and import selected business units.

You can export and import selected business object services.

NEW QUESTION 39
If you accidentally paid an invoice using Create Payment flow, can you undo the operation?

yes, by canceling the payment process from the process monitor

Cancel the invoice and create a new one.

yes, by voiding the payment created

yes, by creating a credit memo to offset the payment

no

NEW QUESTION 40
Your company wants to generate intercompany transactions in USD but only if the amount involved is $3,000 USD or more. Which two intercompany system options are valid?

You cannot update the minimum transaction currency when intercompany currency is entered.

Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.

Set the intercompany system option minimum transaction amount to $ 3,000 USD.

Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider.

Set the intercompany system option minimum transaction amount to $2,999.99 USD.

NEW QUESTION 41
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 42
What are the output formats supported for Electronic and Check format programs?

Electronic output format of XML, Check output format of rtf

Electronic output format of eText, Check output format of rtf

Electronic output format of Text, Check output format of Text

Electronic output format of DATA (csv), Check output format of Zipped PDFs

Electronic output format of PDF, Check output format of PDF

NEW QUESTION 43
While entering an expense report for your corporate card transactions, you notice that the conversion rate defined in the Manage Conversion Rates and Policies page is not used.
What is the reason?

You did not define conversion rates for your business unit.

You did not specify a default expense template.

Only cash transactions use those settings.

You did not define conversion rates in the General Ledger Cloud.

NEW QUESTION 44
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 45
You applied a prepayment amount of $5,000 USD to a $10,000 USD invoice. At the time of prepayment, the applicable tax rate was 5% ($250 USD); at the time of invoice creation, the tax rate is 10%. When you set up taxes, you choose to Recalculate Taxes for the Applied Amount Handling option.
How will the resulting tax be calculated?

The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% * 10,000-5000).

The tax for the prepayment is recalculated to use the new invoice tax rate that is also used for the invoice line amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -500 USD (10% * -5000).

The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -250 USD (5% * -5000).

The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is retained.

NEW QUESTION 46
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?

three procurement business units

one business unit per supplier

five sold-to business units

four requisition business units

twelve business units per supplier

NEW QUESTION 47
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

NEW QUESTION 48
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.

NEW QUESTION 49
You want your expense auditors to audit only expense reports for specific business units. How do you do this?

Create a custom duty role and assign the data roles to each auditor.

Create your own audit extension rules that correspond to the business unit.

Make auditors the managers of the corresponding business unit to route expense reports properly.

Assign the expense auditors job role and business unit security context and value to the user.

NEW QUESTION 50
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

NEW QUESTION 51
Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run? (Choose two.)

For the Legal Jurisdiction, Legal function: “Generate intercompany invoice” should be assigned.

Schedule create accounting for the intercompany process.

Supplier site primary pay flag and customer account bill to primary flag should be enabled.

Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.

Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.

Manual Approvals should be allowed for the transaction type.

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? (Choose two.)

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.

Expenses do not create payment requests for expense reports that have missing or overdue receipts.

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