1Z0-1055-22 Online Practice Questions and Answers

There are four key reports in Cash Management.

What is the correct match for each report and its description?

Report

1.

Cash to General Ledger Reconciliation Report

2.

Bank Statement Report

3.

Cash in Transit Report

4.

Bank Statement Analysis Report Description

1.

Lists all transactions for a specific bank account, that have been remitted to the bank but have not been cleared.

2.

Displays the bank statements that are used to analyze balances and transaction details.

3.

Displays balance and transaction information forspecific bank statements.

4.

Lists bank statement transactions that are accounted in GL but are not reconciled in Cash Management.

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

A company has a requirement todefault the disbursement bank account when submitting a Payment Process Request.

Which two actions will accomplish this? (Choose two.)

A. Define the Disbursement Bank Account in the Payment tab at the supplier site level.

B. Create a Payment Process Request template that includes the Disbursement Bank Account.

C. Assign the Disbursement Bank Account to users to have the payment process default the bank account.

D. Define the Disbursement Bank Account at the business unit level to have the payment processderive the bank account.

E. Define the Disbursement Bank Account to the Payment Method in payment default rules.

Which two statements are true related to configuration package? (Choose two.)

A. You can export and import the custom roles from Oracle Identity Manager.

B. You can export and import the allocation rules from the allocation manager.

C. You can export and import the approval rules from the approval management engine.

D. You can export and import selected business units.

E. You can export and import selected business object services.

You have invoices with distributions across primary balancing segments that represent different companies.

What feature should you use if you want the system to automatically balance your invoice's liability amount across the same balancing segments on the invoice distributions?

A. Payable's Automatic Offset

B. Intercompany Balancing

C. Subledger Accounting's Account Rules

D. Suspense Accounts

E. Payables' Allow Reconciliation Accounting

You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements. (Choose two.)

A. For period end accruals, accounting is created at material receipt or at delivery to a final destination.

B. For period end accruals, the invoice accounting debits the expense account and credits the liability account.

C. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.

D. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.

You purchased a computer from Company A for 2000 USD. Company B ships you the computer with freight charges of 100 USD. You would like the cost of the computer to include those freight charges.

How can you achieve this?

A. Choose Match to Receipt.

B. Enter the Invoice manually and add the freight line.

C. Choose to Match to Receipt Charges.

D. Choose to Match to Invoice Lines.

E. Choose to Match in full to the Purchase Order.

Your company policy requires imaged receipts for expense reports.

Which two statements are true about the association of a receipt to an expense report? (Choose two.)

A. Employees are not reimbursed for expense report expenditures until missing or overdue imaged receipts are submitted.

B. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.

C. Receipts are not required if the expense item falls within Per Diem Rates.

D. An expense report may require original, imaged, or both types of receipts.

You use corporate cards with expenses and have implemented the Company Pay payment option. An employee 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

Which statementis correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

A. The user needs to specify which payment term to use.

B. The payment term of the purchase order overrides the invoice payment term.

C. The payment term of the invoice overrides the purchase order payment term.

D. The purchase order payment term cannot be overridden.

E. The user needs to manually change the payment term on the invoice to match the purchase order payment term.

Your client is concerned that all expense reports are getting automatically approved by the expenses system despite the setup of an Audit Selection Rule.

What is the reason for this?

A. The audit selection rule has not been assigned in thesystem options page

B. The audit selection rule has not been assigned to the legal entity

C. Auditing has not been enabled in the system options page

D. An expenses template and type rule has not been setup

E. The audit selection rule has not been assigned to the business unit