Oracle Financials Cloud: Payables 2024 Implementation Professional - 1Z0-1055-24 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Which reference data sharing method can you use for Payables Payment Terms when working with reference data sets in Payables?

A. Assignment to one set only; no common values allowed B. Assignment to multiple sets; no common values allowed C. Assignment to multiple sets with common values allowed

Discussion 0

Correct Answer: B Vote an answer

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Question 2

You are testing the Payables to General Ledger Reconciliation report at the ledger level for your UK Ledger.
You have run and selected the extract for the report but the request returned the message: "No data to display".
What is the reason for this?

A. You did not specify the range of liability accounts to include in the extract. B. You did not select the business units associated to the UK Ledger. C. The financial category of Accounts Payable is not assigned to the liability accounts. D. The reconciliation flag has not been enabled for your liability accounts.

Discussion 0

Correct Answer: C Vote an answer

Question 3

Oracle Cloud currently offers two invoice scanning solutions: Integrated Imaging and Intelligent Document Recognition (IDR). Both solutions function similarly.
In which two ways do these invoice scanning solutions operate in the cloud?

A. Customers scan the invoice on-premises and email the images. B. Customers ask their suppliers to scan and email the invoice. C. Customers ask suppliers to send electronic invoices. D. Customers scan and store the invoice images on-premises and attach them during invoice entry. E. Customers cannot use invoice imaging in the Cloud.

Discussion 0

Correct Answer: A,B Vote an answer

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Question 4

You have been asked by the cloud customer to create some user-defined account derivation rules for Payables invoices that were imported from lease accounting.
Which two lease accounting source attributes are predefined and can be used in rule creation?

A. Lease preparer B. DFF values on the Schedule tab C. DFF values on the Asset tab D. Lease location E. ROU Flag value

Discussion 0

Correct Answer: C,E Vote an answer

Question 5

As an Oracle Financials Cloud Consultant, you are familiarizing yourself with the new features in Adaptive Learning using IDR. You recently learned about Adaptive Learning for Invoice Lines where the interactive invoice viewer can be used to make corrections to certain invoice line-level attributes.
Which are the three line-level attributes where the interactive invoice viewer can be used to make corrections?

A. Invoice Requestor B. Description C. Invoice Date D. Quantity E. Amount F. Invoice Number G. Supplier

Discussion 0

Correct Answer: B,D,E Vote an answer

Question 6

You are an Oracle Payable Consultant and your client, a large retail organization is discussion statutory reporting requirements.
Your Client to leverage the subledger accounting application to create subledger journal entries for payables.
Some of the reporting requirements are scenario based.
Which three subledger accounting components can have conditions in the rules?

A. Subledger Entry Rule B. Description Rule C. Journal Entry Rule Set D. Supporting references E. Journal Line Rule F. Account Rule

Discussion 0

Correct Answer: B,E,F Vote an answer