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Guide for Oracle-1Z0-1055-21

Quiz Oracle-1Z0-1055-21

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/ 10

Quiz

1/10
You have modified your tax setup and want to test the changes on actual Payables transactions. How do you validate before enabling for transaction?
Select the answer
1 correct answer
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

Quiz

2/10
What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?
Select the answer
1 correct answer
A.
values that are organized into parent-child relationships
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.
data that provides a measure of something

Quiz

3/10
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.)
Select the answer
2 correct answers
A.
The pay-through date is in a closed Payables period.
B.
The invoice has not been accounted.
C.
The invoice requires approval.
D.
The pay-through date is in a future period.
E.
The invoice needs re-validation.

Quiz

4/10
Which three are invoice types that can be entered using the Supplier Portal? (Choose three.)
Select the answer
3 correct answers
A.
Invoices that are automatically created when the supplier creates an ASN for drop shipments
B.
B2B XML invoices
C.
Non purchase order matched invoices
D.
Invoices that are created from the Evaluated Receipt Settlement (ERS) process
E.
Purchase order matched invoices

Quiz

5/10
Which three options are available to filter data when you submit the Prepare Payables to Ledger Reconciliation report? (Choose three.)
Select the answer
3 correct answers
A.
Ledger Set
B.
Supplier
C.
Balancing Segment Value
D.
Business Unit
E.
Natural Account
F.
Legal Entity

Quiz

6/10
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request. Which actions will accomplish this? (Choose two.)
Select the answer
2 correct answers
A.
Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
B.
Define the Disbursement Bank Account to the Payment Method in payment default rules.
C.
Define the Disbursement Bank Account to every supplier.
D.
Create a Payment Process Request template that includes the Disbursement Bank Account.
E.
Assign the Disbursement Bank Account to users to have the payment process default the bank account.

Quiz

7/10
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.
Select the answer
1 correct answer
A.
1 = H, 2 = G, 3 = E, 4 = F
B.
1 = E, 2 = G, 3 = H, 4 = F
C.
1 = H, 2 = F, 3 = E, 4 = G
D.
1 = H, 2 = E, 3 = G, 4 = F

Quiz

8/10
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?
Select the answer
1 correct answer
A.
The option 'Allow remit-to supplier override for third-party payments' is not checked in the Invoice Options page for the business unit.
B.
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.
C.
The option 'Allow remit-to supplier override for third-party payments' is not checked in the Payment Options page for the business unit.
D.
The option 'Allow remit-to supplier override for third-party payments' is not checked in the Disbursement System

Quiz

9/10
Your client wants the subledger journal entry description to be transferred to general ledger. Which two could be used to enable this? (Choose two.)
Select the answer
2 correct answers
A.
Set the General Ledger Journal Entry Summarization option to Summarize by general ledger perio d
B.
Set the General Ledger Journal Entry Summarization option to Group by general ledger period
C.
Set the General Ledger Journal Entry Summarization option to Group by general ledger date
D.
Set the General Ledger Journal Entry Summarization option to Summarize by general ledger date

Quiz

10/10
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?
Select the answer
1 correct answer
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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  • Quiz name:Oracle-1Z0-1055-21
  • Total number of questions:140
  • Number of questions for the test:50
  • Pass score:80%

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