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Oracle 1Z0-1055-23 Exam Syllabus Topics:

Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

1. Your company policy requires that receipts be attached to expense report items before reimbursement can be made.
Which two statements are true about the association of a receipt to an expense report?

A) Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
B) Expenses do not create payment requests for expense reports that have missing or overdue receipts.
C) An expense report may require original, imaged, or both types of receipts.
D) Receipts are not required if the expense item falls within Per Diem Rates.

2. While processing an expense report, the system placed a payment hold on the expense report. What are two ways to release payment holds?

A) The expense auditor can manually release the payment hold at his discretion.
B) The employee can manually release the hold.
C) Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.
D) The employee's supervisor can manually release the hold.
E) Payables Manager can release payment holds in Payables.

3. Your company policy requires imaged receipts for expense reports.
Which two statements are true about the association of a receipt to an expense report?

A) Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
B) An expense report may require original, imaged, or both types of receipts.
C) Employees are not reimbursed for expense report expenditures until missing or overdue imaged receipts are submitted.
D) Receipts are not required if the expense item falls within Per Diem Rates.

4. Which three are valid reasons why you cannot close your Payables period? (Choose three.)

A) Unaccounted invoices and payments
B) Bills payable requiring maturity
C) Incomplete payment files
D) Suppliers on payment holds
E) Unapplied prepayments

5. You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post the invoice to general ledger?

A) Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger's Manage Journals page and post the associated invoice journal entry.
B) Enter and post a manual journal entry directly into the general ledger.
C) Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.
D) Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.

Solutions: