1Z0-1055-25 by Oracle Actual Free Exam Questions And Answers

Question 1

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 Ship-to Location selected on the invoice

B. From the Party Tax Profile of the Third Party Site

C. From the Site Assignments of the Supplier Site

Discussion 0

Correct Answer: C Vote an answer

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Question 2

You implemented the service provider model for Payables payments, where your United Kingdom (UK) headquarters works solely as an outsourced payment processing unit on behalf of your other UK business units.
What is this type of payment service provider model known as?

A. Dedicated

B. Procurement

C. Dedicated and Self-Service

D. Self-Service

Discussion 0

Correct Answer: A Vote an answer

Question 3

Previously, cash advances were applied automatically to expenses when the auditor ran the expense reimbursement process. Now, Oracle Expenses allows employees to have the ability to manually apply their cash advances to the relevant expense report. As an Application Implementation Consultant, you advise your client to enable this feature and allow employees to perform manual application of cash advances to their expense reports for the US Business Unit.
Which statement is NOT true about this feature?

A. Auditors can make changes to cash advances that are applied to an expense report.

B. If approvers or auditors reject expense reports, the cash advances that are applied to the reports are automatically removed and returned to the employee's available cash advances.

C. Employees need to include a justification if they don't apply an available cash advance when submitting an expense report.

D. Unused cash advance amounts are applied to the next expense report or refunded to the company by the employee.

Discussion 0

Correct Answer: A Vote an answer

Question 4

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 ask their suppliers to scan and email the invoice.

B. Customers ask suppliers to send electronic invoices.

C. Customers scan and store the invoice images on-premises and attach them during invoice entry.

D. Customers cannot use invoice imaging in the Cloud.

E. Customers scan the invoice on-premises and email the images.

Discussion 0

Correct Answer: A,E Vote an answer

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Question 5

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

A. Assignment to multiple sets with common values allowed

B. Assignment to multiple sets; no common values allowed

C. Assignment to one set only; no common values allowed

Discussion 0

Correct Answer: B Vote an answer

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Question 6

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 select the business units associated to the UK Ledger.

B. The reconciliation flag has not been enabled for your liability accounts.

C. The financial category of Accounts Payable is not assigned to the liability accounts.

D. You did not specify the range of liability accounts to include in the extract.

Discussion 0

Correct Answer: C Vote an answer

Oracle Fusion Cloud Financials: Payables and Expenses 2025 Implementation Professional - 1Z0-1055-25 Exam Practice Test

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