Oracle Financials Cloud: Payables 2021 Implementation Essentials: 1Z0-1055-21 Exam Premium File as PDF & Test Engine

Tight on time before your 1Z0-1055-21 exam? Fast2test packs 142 focused practice questions for the Oracle Financials Cloud: Payables 2021 Implementation Essentials exam into one download, so every study hour goes straight to what matters. Many candidates are exam-ready in weeks, not months.

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Your Oracle Financials Cloud: Payables 2021 Implementation Essentials Questions, Answered

Oracle Financials Cloud: Payables 2021 Implementation Essentials Sample Questions:

Question 1

You have two business units: Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?

A. Assign the Expense Auditor job role to each auditor and associate the business unit to the role by using the Manage Data Access for Users page.
B. Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set Assignments page.
C. Assign the Expense Auditor job role to each auditor and use a data access set to associate the business unit to the role.
D. Assign the Expense Auditor job role to each auditor and use segment value security rules to secure access to the business units.

Question 2

What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?

A. The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.
B. The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.
C. The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.
D. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.

Question 3

You have successfully processed the expense reports for reimbursement and have transferred the information to Payables. What is the next step before you can pay them?

A. Create a payment process request in Payments.
B. Create Accounting for the invoice in Payables.
C. Transfer the data to General Ledger.
D. Validate the invoice in Payables.

Question 4

A Payables supervisor wants to apply a prepayment to an invoice.
Which combination of invoice and payment currencies allow the application of a prepayment to an invoice?

A. Standard Invoice: Invoice Currency CAD, Payment Currency GBP
Prepayment: Invoice Currency USD, Payment Currency AUD
B. Standard Invoice: Invoice Currency USD, Payment Currency GBP
Prepayment: Invoice Currency USD, Payment Currency AUD
C. Standard Invoice: Invoice Currency USD, Payment Currency USD
Prepayment: Invoice Currency CAD, Payment Currency CAD
D. Standard Invoice: Invoice Currency USD, Payment Currency CAD
Prepayment: Invoice Currency CAD, Payment Currency CAD

Question 5

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

Solutions: