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Oracle 1Z0-1055-23 Exam Syllabus Topics:

Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

1. A company is centralizing their payment processing using the service provider model.
Which reporting level has to be used to run the Prepare Payables to General Ledger Reconciliation report?

A) Running the Prepare Payables to General Ledger Reconciliation report is NOT available when there is a centralized payment processing.
B) Run the Prepare Payables to General Ledger Reconciliation report at Business Unit level.
C) Run the Prepare Payables to General Ledger Reconciliation report at Ledger level.
D) Run the Prepare Payables to General Ledger Reconciliation report for combination of Ledger and Balancing Segment Value.

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

3. You have three procurement business units, four requisition business units and five sold-to business units. For which will the supplier registration flows be deployed?

A) five sold-to business units
B) one business unit per supplier
C) four requisition business units
D) twelve business units per supplier
E) three procurement business units

4. 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) Auditing has not been enabled in the system options page
B) An expenses template and type rule has not been setup
C) The audit selection rule has not been assigned in the system options page
D) The audit selection rule has not been assigned to the business unit
E) The audit selection rule has not been assigned to the legal entity

5. Which job role has full access to perform all Functional Setup Manager related activities?

A) Application Implementation Consultant
B) Application System Administrator
C) Functional Setup Manager Superuser
D) IT Security Manager
E) Any Functional User

Solutions: