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Oracle 1Z0-1055-22 Exam

Certification Provider: Oracle
Exam Name: Oracle Financials Cloud: Payables 2022 Implementation Professional
Duration: 90 Minutes
Number of questions in our database: 140
Exam Version: Jan. 30, 2023
1Z0-1055-22 Exam Official Topics:
  • Topic 1: Explain Oracle Transactional Business Intelligence (OTBI)/ Process expense reimbursements
  • Topic 2: Use Business Intelligence Publisher (BIP) Reports/ Explain the Integrated Imaging Solution
  • Topic 3: Manage Withholding and Transaction Taxes/ Manage Invoice and Payment Approvals
  • Topic 4: Configure Payables and Payments/ Create an Account for invoices
  • Topic 5: Explain Bank Reconciliations/ Configure Payables and Payments
  • Topic 6: Use the Payables to Ledger Reconciliation Report/ Manage Subledger Accounting
  • Topic 7: Create and Process Payments/ Audit Expense Reports
  • Topic 8: Explain the Close process/ Manage Expense Approval/ Reporting and Period Close

Free Oracle 1Z0-1055-22 Exam Actual Questions

The questions for 1Z0-1055-22 were last updated On Jan. 30, 2023

Question #1

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?

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Correct Answer: B

Create a mileage policy, optionally include a commute deduction rule, and then assign the mileage policy to an expense type to activate the policy.


Question #2

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?

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Correct Answer: C

Company Pay: Your company pays the corporate card issuer for all transactions.


Question #3

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

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Correct Answer: C, D, E

With Oracle Fusion Functional Setup Manager you can:

References:https://docs.oracle.com/cd/E56614_01/common_op/OAFSM/F1166427AN1007E.htm


Question #4

Which three attributes are captured during the scanning of invoice images?

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Correct Answer: A, B, D

For Payables invoice processing, PO number, supplier, invoice number, invoice amount, invoice date, customer taxpayer ID, and business unit are extracted as part of the predefined configurations.

This figure shows the Scanned information tileon the Invoices landing page.

References:http://docs.oracle.com/cd/E36909_01/fusionapps.1111/e20375/F569958AN60E65.htm


Question #5

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?

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Correct Answer: B, C

Define intercompany system options to set up intercompany processing rules at the enterprise level, based on your specific business needs.

Minimum Transaction Amount

The minimum transaction amount represents a minimum threshold intercompany transaction amount, and prevents the submission of immaterial transactions for small amounts, which are non-value added. In order to implement this rule, you must select a minimum transaction currency for processing intercompany transactions. These two system options must be related to ensure that when comparing a transaction amount to the minimum transaction amount, the two numbers are entered in the same currency, allowing for an accurate comparison.

References:https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110451AN99BEF.htm



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