Free Practice Oracle 1Z0-1055-24 Exam Questions 2025

Stay ahead with 100% Free Oracle Financials Cloud: Payables 2024 Implementation Professional 1Z0-1055-24 Dumps Practice Questions

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Total 142 Questions | Updated On: Feb 19, 2025

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Question 1

Which three reports are generated by the export setup data process? (Choose three.)

A : Exported Business Object Report

B : Process Results Report

C : Process Results Summary Report

D : Process Results Detail Listing Report

E : Setup Data Report

Answer: A,B,C

Question 2

What are the two advantages of using a spreadsheet for correcting invoice import errors? (Choose two.)

A : identification of errors with clear error messages at the invoice header and line levels

B : ability to enter a high volume of invoices via a spreadsheet

C : ability to correct errors and re-import invoices directly from a spreadsheet

D : identification of errors with clear error messages at the invoice header level only

E : ability to correct errors within the spreadsheet and send invoice corrections for approval

Answer: B,C

Question 3

Which data is visible to a Payables user in the Payables to General Ledger Reconciliation report?

A : Data for all business units and one balancing segment in the ledger

B : Data for authorized business units only; no GL data is visible

C : Data for all business units and all balancing segments in the ledger

D : Data for authorized business units and GL data for all balancing segments in the ledger (unless restricted)

Answer: A

Question 4

An installment meets all of the selection criteria of a Payment Process Request but it still did not get selected for payment processing. Identify two reasons for this.

A : The pay-through date is in a closed Payables period.

B : The pay-through date is in a future period.

C : The invoices need revalidation.

D : The invoice has not been accounted.

E : The installment was manually removed.An installment can meet the selection criteria of a payment process request, yet not get selected for payment for one or more reasons.You can review installments that were not selected for payment, along with the reasons they were not selected, on the Not Selected tab of the Review Installments page.The reasons are as follows:References:https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm

Answer: A,C

Question 5

Which attributes on the payables invoice can be used during approval rule creation?

A : company segment, cost center segment, supplier, and Attribute 1 on the invoice line

B : company and cost center segment only

C : supplier only

D : cost center segment and supplier only

Answer: A

Page: 1 / 29

Total 142 Questions | Updated On: Feb 19, 2025

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