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Best Oracle 1Z0-1055 Practice Exams and Real Exam Simulations, Oracle Financials Cloud | SPOTO

Explore SPOTO's collection of the best Oracle 1Z0-1055 Practice Exams and Real Exam Simulations for Oracle Financials Cloud certification. Our platform offers a comprehensive range of exam preparation resources, including practice tests, free tests, sample questions, and exam dumps. Dive into our online exam questions and answers to enhance your understanding of key topics such as General Set Up, Invoicing, Payments, Expenses, Reporting, and Other Accounts Payable Topics. With our mock exams, you can simulate real exam conditions, gaining valuable practice and boosting your confidence. Whether you're looking to assess your knowledge or refine specific skills, our latest practice tests are tailored to help you succeed in passing the certification exam. Trust in SPOTO's exam materials to guide you towards certification success in the Oracle 1Z0-1055 exam. With our support and resources, you can confidently demonstrate your expertise in Oracle Financials Cloud Service Solutions.
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Question #1
Which two tools can you use to build layouts for BI Publisher reports? (Choose two.)
A. Report Developer
B. BI Composer
C. Template Builder for Word
D. Layout Editor
E. BI Answers
View answer
Correct Answer: AD

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Question #2
A Payables user creates a manual invoice and a Withholding Tax Classification Code defaults on theinvoice line when the invoice is saved.Where does this Withholding Tax Classification Code default from?
A. From the Party Tax Profile of the Third Party Site
B. From the Manage Tax Reporting and Withholding Tax Options
C. From the Income Tax region of the Supplier
D. From the Site Assignments of the Supplier Site
View answer
Correct Answer: B
Question #3
You are evaluating the predefined expense report approval rules within your test environment to seeif they meet current business requirements.Which three rule sets are part of the predefined setup? (Choose three.)
A. Approval by Cost Centre owners in parallel or serial mode
B. Approval by supervisor based on expenses type amount
C. Approval by Project Manages in parallel or serial mode
D. Approval by supervisor based on report amount
E. Approval by a Group based on report amount in parallel or serial mode
View answer
Correct Answer: ACD
Question #4
You have created an approval rule as follows:Rule 1: If the invoice amount > $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
View answer
Correct Answer: B
Question #5
In the Business Intelligence Publisher (BIP) report layout properties page, when you click ExtractTranslation, the BIP publisher extracts the translatable strings from the BIP report template andexportsthemintowhichformat?
A.
B.
C.
D.
View answer
Correct Answer: D
Question #6
During an expense audit the auditor marks an expense item that is missing a receipt to be Short Paid.They choose to complete the audit and warn the user.Given that the Expense Report Audit Approval is set to After Manager Approval, what two are validresults of the auditor action? (Choose two.)
A. New expense report containing disallowed expense items is immediately created
B. Approved part of the expense report is not eligible for expense reimbursement
C. The approved part of the expense report is eligible for expense reimbursement
D. New expense report containing disallowed expense items is not created until manager approves the short payment
View answer
Correct Answer: AB
Question #7
A company has three legal entities each with a corresponding business unit all within the samecountry. All organizations buy and sell the same products. You are configuring the tax setup.What is the minimum number of Tax Regimes you need to configure for this company?
A. 2
B. 6
C. 1
D. 3
View answer
Correct Answer: D
Question #8
When working with reference data sets in Payables, what reference data sharing method can you usefor Payables Payment Terms?
A. Assignment to one set only; no common values allowed
B. Assignment to one set only with common values
C. Assignment to multiple sets with common values allowed
D. Assignment to multiple sets; no common values allowed
View answer
Correct Answer: D
Question #9
You use corporate cards with expenses and have implemented the Company Pay payment option. Anemployee incurred the following expenses.What is the resulting payment amount made to the employee for these expenses?
A. 1449
B. 201
C. 949
D. 500
View answer
Correct Answer: C
Question #10
Your client wants to retrieve values for the account code based on the invoice line description. Forexample, Invoice Line Description = Laptop then Account Code = 5670.Which Subledger Accounting option would you use to achieve this?
A. Mapping Set
B. Description Rule
C. Supporting References
D. Event Class Settings
E. Transaction References
View answer
Correct Answer: B
Question #11
The Government has introduced a new reduced tax recovery rate for certain services. You need toamend the configuration for your current tax regime to reflect this change.Which three setups will you need to complete? (Choose three.)
A. Setup a new tax
B. Setup a new tax rate
C. Setup a new recovery rate
D. Setup a new tax rule
E. Setup Determining Factor and Condition Sets
F. Setup a new status
View answer
Correct Answer: BDF
Question #12
Your client wants the subledger journal entry description to be transferred to general ledger.Which two could be used to enable this? (Choose two.)
A. Set the General Ledger Journal Entry Summarization option to Summarize by general ledger period
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 Group by general ledger date
D. Set the General Ledger Journal Entry Summarization option to Summarize by general ledger date
View answer
Correct Answer: AD
Question #13
There are four key reports in Cash Management.What is the correct match for each report and its description?Report1. Cash to General Ledger Reconciliation Report2. Bank Statement Report3. Cash in Transit Report4. Bank Statement Analysis ReportDescription1. Lists all transactions for a specific bank account, that have been remitted to the bank but have notbeen cleared.2. Displays the bank statements that are used to analyze balances and transaction details.3. Displays balance and transaction information for
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
View answer
Correct Answer: C
Question #14
You need to have your invoice line automatically distributed across multiple cost centers. Forexample, you want your monthly utility bill allocated across multiple cost centers based on apercentage.Which two are valid methods to achieve this? (Choose two.)
A. Choose the 'All Lines' option from the Allocate menu in the invoice line area
B. Define a distribution set and assign it to the supplier
C. Define a distribution set and assign it manually to the invoice
D. Define a payment term and assign it to the invoice
View answer
Correct Answer: CD
Question #15
Which two invoice types can have a status of Incomplete? (Choose two.)
A. Supplier Portal Invoices which are rejected and resubmitted for approval
B. Scanned Invoices with incomplete or missing information
C. Scanned Invoices which are rejected during import
D. Prepayment Invoices which are fully paid but not applied against any invoice
E. Supplier Portal Invoices which are saved but not yet submitted
View answer
Correct Answer: AB

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