Using Newest Lead4Pass 1Z0-1055-22 Exam Dumps Complete Oracle 1Z0-1055-22 Exam – 2023.01

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[1Z0-1055-22 Exam Dumps] Free 1Z0-1055-22 Real Exam Questions and Answers 

Question 1:

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

A. The invoice has been partially paid by another payment.

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

C. The invoice is already on hold.

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

Correct Answer: A

Question 2:

When submitting the Payables to the General Ledger Reconciliation report, the extract did not select any data. What should you check?

A. Make sure you assign an Account parameter when running the extract to include liability accounts.

B. Make sure you specified a Business Unit in the parameters when running the extract.

C. Make sure you enabled the Reconciliation flag to all of your liability natural account values.

D. Make sure you assigned a Financial Category of Accounts Payable to all your liability natural account values.

Correct Answer: D

You must assign a Financial Category of Accounts payable to all your liability natural account values. This is a required setup step for Payables to General Ledger reconciliation. References: 8.htmc

Question 3:

A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross-currency rate type the default?

A. Manage Invoice Options and Manage common options for Payables and Procurement

B. Manage Payable Options and Manage Invoice Options

C. Manage Invoice Options and Manage Procurement agents

D. Manage common options for Payables and Procurement and Manage Procurement agents

E. Manage Payment Options and Manage common options for Payables and Procurement

Correct Answer: B

You can change the conversion rate type at invoice entry or payment creation time. References:

Question 4:

There are four key reports in Cash Management.

What is the correct match for each report and its description?


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.


Lists bank statement transactions that are accounted in GL but are not reconciled in Cash Management.

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

Correct Answer: C

Reference: management-reports.html#OCUAR1440972

Question 5:

Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?

A. Enable the relevant suppliers for Offset Tax and create an offset Tax to remove the calculated tax line from these suppliers.

B. Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.

C. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.

D. Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to therelevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.

Correct Answer: D

Question 6:

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?

A. Manually enter the 1099s for the State and submit.

B. Generate a 1096 form and submit it instead.

C. Run and submit your 1099s because it will automatically reflect any changes.

D. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.

Correct Answer: D

Question 7:

Which three are supported image formats for the Integrated Imaging solution? (Choose three.)






Correct Answer: BCE

Question 8:

What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?

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

Correct Answer: C

Question 9:

During your business trip to the UK, you took a taxi ride and paid for it by using your personal Visa credit card. While entering your expenses, you get a warning that a different conversion rate was applied to the taxi expense by Visa that the one used by your company.

How do you handle this situation?

A. Do not enter the taxi expense and call your Finance Department so that they can make changes in the conversion rate settings and you do not violate the allowable limit.

B. Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then, wait to get a revised statement.

C. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate.

D. Use the corporate-defined conversion rate even if it means you will not be reimbursed fully.

Correct Answer: C

Payables use five types of exchange rates. Payables use exchange rates to convert invoice and payment amounts into your ledger currency.

* User. Used to manually enter your own exchange rate during invoice entry or at payment time. If you use the User exchange rate type, if the Payables option Calculate User Exchange Rate is enabled, and if you are using the Invoices window or the open interface table, then Payables calculates the invoice exchange rate if you provide the Ledger Currency amount.

Etc. References:

Question 10:

You need to enter a last-minute invoice during the closing process. What is the quickest way to enter and post the invoice to the general ledger?

A. Enter the invoice via a spreadsheet. Then, from the 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, and then 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.

Correct Answer: A

Question 11:

Which three options are available to filter data when you submit the Prepare Payables to Ledger Reconciliation report? (Choose three.)

A. Ledger Set

B. Supplier

C. Balancing Segment Value

D. Business Unit

E. Natural Account

F. Legal Entity

Correct Answer: ACD

Typically General Ledger users are secured by data access sets. Data access sets use primary balancing segment values to secure access to ledgers, ledger sets, and portions of ledgers. Payable users are secured by business units.

For the Payables to General Ledger Reconciliation report:

General Ledger users can see general ledger data for the balancingsegment values in their data access set. General Ledger users can also see the Payables or Oracle Fusion Subledger Accounting data for all business units linked to the


Payables users can see the Payables and Subledger Accounting data for business units in their security definition. Payables users can also see general ledger data for all balancing segment values in the ledger.

Reference: payables-reports.html#OCUAR444681

Question 12:

You have created an approval rule as follows:

Rule 1: If the invoice amount is> $1000, route it to User 1.

Rule 2: If the invoice amount < $1000, auto approve it.

Now, the user creates an invoice for $1000 and routes it for approval.

What will happen?

A. Invoice will be auto-approved.

B. The workflow will fail once approval is initiated.

C. The initiate option is greyed out for the invoice.

D. Invoice will be sent to User 1 for approval.

Correct Answer: B

Question 13:

An installment meets all of the selection criteria of a Payment Process Request but it still did not get selected for payment processing. Identify two reasons for this.

A. The pay-through date is in a closed Payables period.

B. The pay-through date is in a future period.

C. The invoices need revalidation.

D. The invoice has not been accounted for.

E. The installment was manually removed.

Correct Answer: AC

Explanation: An installment can meet the selection criteria of a payment process request, yet not get selected for payment for one or more reasons.

You can review installments that were not selected for payment, along with the reasons they were not selected, on the Not Selected tab of the Review Installments page.

The reasons are as follows:

References: m

Question 14:

You have enabled Payment Approval for your payment process requests (PPR). At what stage of the PPR is the payment approval process automatically triggered?

A. Review Proposed Payments

B. Review Installments

C. Create Payment Files

D. Build Payments

Correct Answer: C


Question 15:

What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?

A. Standard Invoice

B. Standard invoice request

C. Credit Memo

D. Supplier payment request

E. iSupplier Invoice

Correct Answer: B

Standard invoice request: An invoice submitted without a purchase order by a supplier through Oracle Fusion Supplier Portal that is pending review and approval by the appropriate persons within the deploying company.

References: m


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