Free Oracle Financials Cloud: Payables 2024 Implementation Professional Exam 1Z0-1055-24 Exam Practice Test

Your company asks you to build new Payables reports. You will be using Oracle Transactional Business Intelligence (OTBI) and deep links. Deep links allow you to directly drill down from OTBI reports to purchase orders and view the related purchase order details. Which three predefined job roles allow you to use this drill-down feature?

• Accounts Payable Analyst
• Accounts Payable Manager
• Account Payable Invoice Supervisor
• Accounts Payable Agent
• Accounts Payable Specialist

An installment for $2,000 USD is due for payment on July 31, 2022. The installment has two discounts: the first discount date is June 15, 2022 for $150 USD and the second discount date is June 30, 2022 for $50 USD.You submit a Payment Process Request with the following criteria: Payment Date = June 20, 2022Pay Through Date = July 30, 2022Date Basis = Due DateWhat will be the resulting status of the installment and discount?

• The installment is selected and no discount is applied.
• The installment is selected and a discount of $50 USD is applied.
• The installment is selected and a discount of $150 USD is applied.
• The installment is not selected because the due date is after the Pay Through Date.
• The installment is not selected because the discount dates are before the Pay Through Date.

You are an Oracle Payable Consultant and your client, a large retail organization is discussion statutory reporting requirements.Your Client to leverage the subledger accounting application to create subledger journal entries for payables. Some of the reporting requirements are scenario based.Which three subledger accounting components can have conditions in the rules?

• Journal Line Rule
• Supporting references
• Description Rule
• Account Rule
• Subledger Entry Rule
• Journal Entry Rule Set

During an internal audit of the expense reimbursement process, you observe a discrepancy where refunds from employees are being applied against positive payment requests. Your organization would like to keep them separate.How do you achieve this?

• Set a specific pay group in the expense section of the employee record.
• Set a specific pay group in payables invoice options.
• Set a specific pay group in disbursement options.
• Set a specific pay group in Expense system options.

Your organization has decided to create employee expense items by leveraging the digital assistant feature and sending expense receipts via email.Which is the next processing step after an email with an expense receipt is received in the expenses application?

• The application extracts the receipt details and creates expense items
• The application sends the expenses team receipt notification
• The Application automatically matched receipts to corporate card charges
• The application verifies the sender's email address and compares it with the employee's email addressed in HCM
• The application assigns an expense type based on category

SIMULATIONMANAGE EXPENSE REPORT TEMPLATETask 1:Create an Expense Report Template for the US1 Business Unit, where:

• The effective start date is the current date.
• The hotel expense type requires itemization and should include Internet, Room Rate, and Dinner.
• The expense type is associated with the respective account
• Card Expense Type Mapping is not enabled.
• Company policy states that receipts
• Users can indicate receipts are missing in their expense report and a warning should be displayed for any missing receipts.
• All Expense Fields are optional.

Your cloud customer wants to use AI to automate key processes in Payables. You are tasked with setting up the required roles for AI apps.When you create the user-defined AIAPPS_BIP_ROLE, which two role hierarchies should you add?AIAPPS_AuthorBI_IntegrationBI_AuthorAIAPPS_Data_Model_DeveloperBIP_DataModelDeveloper

• AIAPPS_Author and D. AIAPPS_Data_Model_Developer.

Your company will be utilizing the Campaign Management for Early Payment Discount Offers feature to maximize early payment discounts. This feature allows companies to send email-based campaigns offering suppliers the opportunity to enroll in an early payment discounts program. There is a predefined list of response options that suppliers can choose from, and such supplier responses are then automatically processed and applied in the system.Which two are predefined response options available to suppliers?

• Accept All Offers
• Decline the Offer
• Subscribe
• Enroll in a Standing Offer

Which three are valid reasons why you cannot close your Payables period?

• Unapplied prepayments
• Incomplete payment files
• Bills payable requiring maturity
• Unaccounted invoices and payments
• Suppliers on payment holds

As an Expenses Administrator, you can control which expense values you do not want to automatically populate on the Create Expense Item page. You have therefore created the profile option EXM_DFLT_FROM_PREV_EXPENSE at the user level and set it to N (No).Which three values will no longer populate from a previous expense item when a user enters a new expense item?

• Expense Location
• Template
• Currency
• Project and Task Number