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1Z0-1055-22 Online Practice Questions and Answers

Questions 4

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 via a spreadsheet. Then, fromthe 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.

B. Enter the invoice in the Create Invoice page, choose the Validate option, andthen the Account and Post to Ledger option.

C. Enter and post a manual journal entry directly into the general ledger.

D. Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.

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Questions 5

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?

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

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

C. 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.

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

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Questions 6

Which two statements are true about the Invoice Validation process? (Choose two.)

A. opens the relevant accounting period

B. validates projectinformation

C. updates supplier balances

D. creates tax lines and distributions

E. creates accounting entries in draft

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Questions 7

What is the result of voiding a payment?

A. A stop payment request has been initiated to the bank.

B. A bills payable payment wascreated but is not yet matured.

C. The payment is reconciled to the bank statement.

D. The payment is no longer valid.

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Questions 8

Select three reasons why you cannot close your Payables period. (Choose three.)

A. open intercompany transactions

B. unapplied prepayments

C. suppliers on payment holds

D. bills payable requiring maturity

E. unaccounted invoices and payments

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Questions 9

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?

A. SingleTypeParticipantInParallelModeRuleSet

B. FyiTypeParticipantInParallelModeRuleSet

C. InvoiceApprovalRuleSet

D. ParallelTypeParticipantInParallelModeRuleSet

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Questions 10

Which three are Invoice Header attributes that can be used during invoice approval rule creation? (Choose three.)

A. Business Unit Name

B. Pay Group Lookup Code

C. Statistical Amount

D. Requester Name

E. Accounting Date

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Questions 11

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

A. Application Implementation Manager

B. Any Functional User

C. Application Implementation Consultant

D. Functional Setup Manager Superuser

E. IT Security Manager

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Questions 12

In what order should theimport process be run when importing suppliers?

A. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment

B. Supplier, Supplier Address, Supplier Site, Supplier Site Assignments

C. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts

D. any order

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Questions 13

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

A. by creating accounting in draft mode

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

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

D. Oracle Transactional Business Intelligence (OTBI)

E. by using Tax Simulator to test

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Exam Code: 1Z0-1055-22
Exam Name: Oracle Financials Cloud: Payables 2022 Implementation Professional
Last Update: Oct 22, 2024
Questions: 139
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