2022 1Z0-1055-21 Premium Files Test pdf - Free Dumps Collection [Q80-Q100]

Q80. Which two are true for Payables Payment Terms? (Choose two.)

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.

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.

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.

Each payment term can only be assigned to one reference data set.

Q81. 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.

Q82. You have 10 ledgers and 30 business units and want to leverage Preference Data Sets. What is the function of Reference Data Sets?

allow you to secure data by business unit

allow you to assign multiple business units to users in a shared service center

allow you to maintain sets of related data in a Data Dictionary

allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup

Q83. You are evaluating the predefined expense report approval rules within your test environment to see if they meet current business requirements.
Which three rule sets are part of the predefined setup? (Choose three.)

Approval by Cost Centre owners in parallel or serial mode

Approval by supervisor based on expenses type amount

Approval by Project Manages in parallel or serial mode

Approval by supervisor based on report amount

Approval by a Group based on report amount in parallel or serial mode

Q84. How will system evaluate the tolerances for expense reports?

System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100)|) currency precision.

System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)*currency precision.

System will calculate error tolerance as Policy Rate * (1+Warning Tolerance+ Error Tolerance/100).

System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100).

System will use absolute amount tolerance setup to do validations.

Q85. You need to create a recurring expense for one of your regular expenses.
Which three are frequencies that you can choose for these types of expenses? (Choose three.)

Weekly

Monthly

Bimonthly

Biweekly

Annually

Q86. 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

Q87. 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.

Q88. You are voiding a payment and have selected Cancel as the Invoice Action. After performing the void, you notice the invoice is not cancelled but has an Invoice Cancel hold on it.
What is reason for this?

The invoice has been partially paid by another payment.

The invoice date is not in the current open period.

The invoice is already on hold.

The invoice accounting date is not in the current open period.

Q89. What are the two advantages of using a spreadsheet for correcting invoice import errors? (Choose two.)

identification of errors with clear error messages at the invoice header and line levels

ability to enter a high volume of invoices via a spreadsheet

ability to correct errors and re-import invoices directly from a spreadsheet

identification of errors with clear error messages at the invoice header level only

ability to correct errors within the spreadsheet and send invoice corrections for approval

Q90. 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

Q91. A company is centralizing their payment processing using the service provider model.
Which reporting level has to be used to run the Prepare Payables to General Ledger Reconciliation report?

Run the Prepare Payables to General Ledger Reconciliation report at Ledger level.

Run the Prepare Payables to General Ledger Reconciliation report at Business Unit level.

Running the Prepare Payables to General Ledger Reconciliation report is NOT available when there is a centralized payment processing.

Run the Prepare Payables to General Ledger Reconciliation report for combination of Ledger and Balancing Segment Value.

Q92. 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)

Q93. Identify three statements that indicate the purpose of Functional Setup Manager.

It allows you to centrally manage the close processes across subledgers and ledgers.

it allows you to assign setup tasks to individuals with due dates where users must manually update their completion status.

It automatically marks the completion status of tasks as Completed once they have been completed.

It automatically generates lists of setup tasks in the correct sequence with dependencies highlighted.

It provides a central place to access and perform all of the setup steps across the applications.

Q94. You purchased a computer from Company A for 2000 USD. Company B ships you the computer with freight charges of 100 USD. You would like the cost of the computer to include those freight charges.
How can you achieve this?

Choose Match to Receipt.

Enter the Invoice manually and add the freight line.

Choose to Match to Receipt Charges.

Choose to Match to Invoice Lines.

Choose to Match in full to the Purchase Order.

Q95. 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.

Q96. While processing an expense report, the system placed a payment hold on the expense report. What are two ways to release payment holds? (Choose two.)

The employee can manually release the hold.

Payables Manager can release payment holds in Payables.

The employee’s supervisor can manually release the hold.

The expense auditor can manually release the payment hold at his discretion.

Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.

Q97. 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.

Q98. 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.

Q99. Which two statements are true about processing corporate card expenses? (Choose two.)

Conversion rate defaults apply only to cash expenses, not to corporate card expenses.

Usage policy for expense category tolerances does not apply to credit card expenses.

Card transactions will be paid directly from Expenses Cloud.

You can process payment for credit card using Electronic funds transfer, check, or wire.

Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.

Q100. You use corporate cards with expenses and have implemented the Company Pay payment option. An employee incurred the following expenses.
What is the resulting payment amount made to the employee for these expenses?

1449

201

949

500

2022 1Z0-1055-21 Premium Files Test pdf – Free Dumps Collection [Q80-Q100]

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