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Oracle 1Z0-1055-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Payables Configuration and Setup | 30% | - Configure Enterprise Structures
|
| Reporting, Integration, and Maintenance | 20% | - Reporting and Analytics
|
| Invoice Processing and Management | 25% | - Prepayments and Expense Invoices
|
| Payments and Disbursements | 25% | - Payment Processing
|
Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:
What are the two advantages of using a spreadsheet for correcting invoice import errors?
- A. identification of errors with clear error messages at the invoice header and line levels
- B. ability to correct errors within the spreadsheet and send invoice corrections for approval
- C. ability to correct errors and re-import invoices directly from a spreadsheet
- D. ability to enter a high volume of invoices via a spreadsheet
- E. identification of errors with clear error messages at the invoice header level only
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?
- A. Supplier payment request
- B. Standard Invoice
- C. Standard invoice request
- D. iSupplier Invoice
- E. Credit Memo
A Payables user creates a manual invoice and a Withholding Tax Classification Code defaults on the invoice line when the invoice is saved.
Where does this Withholding Tax Classification Code default from?
- A. From the Manage Tax Reporting and Withholding Tax Options
- B. From the Income Tax region of the Supplier
- C. From the Party Tax Profile of the Third Party Site
- D. From the Site Assignments of the Supplier Site
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
Identify three scenarios where you are not allowed to cancel an invoice. (Choose three.)
- A. The invoice is validated.
- B. An accounting entry has been created for the invoice.
- C. Prepayments were applied to the invoice.
- D. The invoice is fully or partially paid.
- E. The invoice was adjusted by a credit or a debit memo.
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
Your client wants the subledger journal entry description to be transferred to general ledger.
Which two could be used to enable this?
- A. Set the General Ledger Journal Entry Summarization option to Group by general ledger date
- 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 Summarize by general ledger period
- D. Set the General Ledger Journal Entry Summarization option to Summarize by general ledger date
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