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Oracle 1Z0-1055-23 Exam Syllabus Topics:

Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

1. Which two statements are true about the Invoice Validation process?

A) creates accounting entries in draft
B) opens the relevant accounting period
C) updates supplier balances
D) validates project information
E) creates tax lines and distributions

2. Which two invoice types can have a status of Incomplete?

A) Prepayment Invoices which are fully paid but not applied against any invoice
B) Supplier Portal Invoices which are saved but not yet submitted
C) Supplier Portal Invoices which are rejected and resubmitted for approval
D) Scanned Invoices with incomplete or missing information
E) Scanned Invoices which are rejected during import

3. An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the two outcomes if you chose the "Apply Credits Up to Zero Amount" option when submitting a Payment Process Request?

A) Both the invoice and the credit memo are fully paid.
B) Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.
C) Both the invoice and the credit memo are included in the Payment Process Request.
D) Neither the invoice nor the credit memo is included in the Payment Process Request.

4. You need to route invoices to three different approvers at the same time, and only one approver needs to approve the invoice.
Which approval ruleset should you use?

A) SingleTypeParticipantInParallelModeRuleSet
B) FyiTypeParticipantInParallelModeRuleSet
C) ParallelTypeParticipantInParallelModeRuleSet
D) InvoiceApprovalRuleSet

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 Party Tax Profile of the Third Party Site
B) From the Site Assignments of the Supplier Site
C) From the Manage Tax Reporting and Withholding Tax Options
D) From the Income Tax region of the Supplier

Solutions: