[Mar-2025] Pass Oracle 1Z0-1055-23 Exam in First Attempt Guaranteed! [Q62-Q86]

NO.62 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

Line Manager role to your user

Application Implementation Manager role to your user

NO.63 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?

Generate a 1096 form and submit it instead.

Manually enter the 1099s for the State and submit.

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.

NO.64 What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?

Standard invoice request

Supplier payment request

Credit Memo

iSupplier Invoice

Standard Invoice

NO.65 An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the two outcomes if you chose the “Apply Credits Up to Zero Amount” option when submitting a Payment Process Request?

Neither the invoice nor the credit memo is included in the Payment Process Request.

Both the invoice and the credit memo are fully paid.

Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.

Both the invoice and the credit memo are included in the Payment Process Request.

NO.66 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 Accounting for the invoice in Payables.

Create a payment process request in Payments.

NO.67 A Bill Payable document was paid but has not yet matured.
What is the status of the payment?

Cleared

In Transit

Negotiable

Issued

NO.68 Which two statements are true related to configuration package?

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

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

You can export and import selected business object services.

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

You can export and import selected business units.

NO.69 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

NO.70 You have an invoice with a payment term that has the following settings:
* Day of Month = 15
* Cut off Day = 11
* Months Ahead = 0
* Terms Date on Invoice = January 12th
What will the resulting due date for the invoice installment be?

March 15th

January 15th

April 15th

February 15th

NO.71 Which is the Payables tool based on real-time data?

Essbase Cube

Smart View

Oracle Business Intelligence Applications (OBIA)

Oracle Transactional Business Intelligence (OTBI)

Oracle Financial Reporting (FR)

NO.72 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?

.xls (Excel file)

.doc (Word file)

.xlf (XLIFF file)

.pdf (Acrobat reader file)

NO.73 After you submitted a Payment Process Request, you noticed errors. You want to void the payments. Identify two statements that indicate when it is not possible to void a payment.

A payment with the status of Issued.

A payment that has been accounted and posted to General Ledger.

A payment that has already cleared the bank.

A payment that pays a prepayment that has been applied to an invoice.

A payment for an invoice with an associated Withholding Tax invoice.

NO.74 Which two are classified as Self-Billed invoices?

Debit Memos created by the Return to Supplier feature

Evaluated Receipt Settlement (ERS) Invoices

Invoices created using Integrated Imaging

Customer Refunds initiated from Receivables

Expense Reports transferred from Expenses

Invoices entered through the Supplier Portal

NO.75 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.

NO.76 Which two statements are true when you are using the Intercompany Reconciliation Reports?

You must run the prepare Intercompany Reconciliation Reporting Information process.

The reports will show the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.

The reconciliation period summary report will not show the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.

The reports will include Ledger balancing lines generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.

You can drill down on the links in the Period Summary report to view the balances by Intercompany Organization.

NO.77 Which invoice types can be included in the Create Payment flow?

Standard, Credit Memo and Debit Memo

Standard, Credit Memo and Customer Refund

Standard, Credit Memo, and Invoice Request

Standard, Debit Memo and Customer Refund

NO.78 You want to customize the Payables Invoice Register template to only display invoices when the Supplier name is Company A. Supplier name is a group that repeats on every page.
Which is the correct way to customize the template?

Insert the syntax <?if:VENDOR_NAME= ‘COMPANY A’?> before the Supplier field on the template. Then, enter the <?end if?> tag after the invoices table.

Insert the syntax <?if:condition?> before the Supplier field and then enter the closing tag </<?if:condition?>.

Hard code Supplier Name “Company A” in the report template and only invoices for that supplier will be displayed.

Insert the syntax <?if:’COMPANY A’?> before the Supplier field and then enter the closing tag </<?if:COMPANY A?> after the invoices table.

NO.79 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 Enable Oracle Maps to yes in the expense mileage policies.

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

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

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

NO.80 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.

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 at Business Unit level.

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

NO.81 What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?

The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.

The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.

The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.

The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.

NO.82 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?

The original Source

The Output types

The layout-template

The Data Model

The Style-Template

NO.83 There are four key reports in Cash Management.
What is the correct match for each report and its description?
Report
1. Cash to General Ledger Reconciliation Report
2. Bank Statement Report
3. Cash in Transit Report
4. Bank Statement Analysis Report
Description
1. Lists all transactions for a specific bank account, that have been remitted to the bank but have not been cleared.
2. Displays the bank statements that are used to analyze balances and transaction details.
3. Displays balance and transaction information for specific bank statements.
4. Lists bank statement transactions that are accounted in GL but are not reconciled in Cash Management.

1 = H, 2 = F, 3 = E, 4 = G

1 = E, 2 = G, 3 = H, 4 = F

1 = H, 2 = G, 3 = E, 4 = F

1 = H, 2 = E, 3 = G, 4 = F

NO.84 An Office supplies company requires an advance payment of $8000 for the office supplies you wish to order. You enter and pay a prepayment type invoice for $8000. You enter the standard invoice to book the expense which totals $10000 and you apply the prepayment to the standard invoice.
What are the accounting entries for that standard invoice with the prepayment application?

Invoice accounting – Dr Prepayment Account 10000 Cr AP Liability Account 10000.The prepayment application has no impact on the Invoice.

Invoice accounting – Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application – Dr AP Liability Account 2000 Cr Prepayment Account 2000.

Invoice Accounting – Dr Prepayment Account 10000 Cr AP Liability Account 10000.Prepayment application – Dr Expense Account 8000 Cr Prepayment Account 8000.

Invoice accounting – Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application – Dr AP Liability 8000 Cr Prepayment Account 8000.

NO.85 You have invoices with distributions across primary balancing segments that represent different companies.
What feature should you use if you want the system to automatically balance your invoice’s liability amount across the same balancing segments on the invoice distributions?

Payable’s Automatic Offset

Subledger Accounting’s Account Rules

Payables’ Allow Reconciliation Accounting

Intercompany Balancing

Suspense Accounts

NO.86 Which two statements are true about processing corporate card expenses?

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.

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

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

[Mar-2025] Pass Oracle 1Z0-1055-23 Exam in First Attempt Guaranteed! [Q62-Q86]

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