Free Oracle Fusion Cloud Financials: Payables and Expenses 2025 Implementation Professional Exam 1Z0-1055-25 Exam Practice Test

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?

• From the Site Assignments of the Supplier Site
• From the Party Tax Profile of the Third Party Site
• From the Ship-to Location selected on the invoice

As an Oracle Payables Subject Matter Expert, you are familiarizing yourself with Intelligent Document Recognition (IDR). After detailed review, you consider Adaptive Learning one of the most beneficial features of IDR. Adaptive learning increases the accuracy of invoice scanning and improves touchlessprocessing. When users make corrections in the interactive viewer, each invoice edit trains the algorithms and improves future recognition.Which is NOT a key consideration for Adaptive Learning?

• Bill-To Recognition from Invoice Document
• Adaptive Learning for Routing Attributes
• Sharing Adaptive Learning Between Environments
• Legal Entity Recognition from Invoice Document
• Adaptive Learning for Invoice Lines

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

Oracle Cloud currently offers two invoice scanning solutions: Integrated Imaging and Intelligent Document Recognition (IDR). Both solutions function similarly.In which two ways do these invoice scanning solutions operate in the cloud?

• Customers scan the invoice on-premises and email the images.
• Customers ask suppliers to send electronic invoices.
• Customers ask their suppliers to scan and email the invoice.
• Customers scan and store the invoice images on-premises and attach them during invoice entry.
• Customers cannot use invoice imaging in the Cloud.

You have been managing the procure to pay process related to a construction project for one of your customer. You are using retainage feature to ensure that a certain percentage of payment is held back until the project is completed , and all requirements are fulfilled according to the contract.A portion of the work has been completed and retainage release invoices?

• Retainage release by Invoice schedule
• Retainage release by Invoice Lines
• Retainage release by PO Schedule
• Retainage release by Invoices
• Retainage release by PO Line

You have created an approval rule as follows:Rule 1: If the invoice amount > $1000, route it to User 1. Rule 2: If the invoice amount < $1000, auto-approve it.What will happen if a user creates an invoice for $1000 and routes it for approval?

• The initiate option is greyed out for the invoice.
• Invoice will be sent to User 1 for approval.
• Invoice will be auto-approved.
• The workflow will fail once approval is initiated, and the invoice will not get processed.

You participated as a functional consultant in the implementation of Oracle Procurement as well as Payables for customer ABC Consulting. A Payables Analyst has logged a ticket stating that the "Create Supplier" task is not showing up in the Supplier work area. You checked the related settings and found that the Payables Analyst user account has been defined as a Procurement Agent.Why was the Payables Analyst NOT able to see the "Create Supplier" task in the Supplier work area?

• The analyst was not given the Procurement Administrator role.
• The analyst was not given the Supplier Manager role.
• The analyst was not given the Supplier Administrator role.
• The analyst was not given the Procurement Requester role.

Your company has set certain entertainment daily limits in its Entertainment Policy to restrict employee entertainment expenses. Oracle Expenses supports the requirements within your entertainment policy where you can configure and define daily sum limits, along with single instance limits and yearly limits that depend on your policy requirements.What are three considerations when enabling and defining daily limits in entertainment policies?

• The limits defined in the policy will be enforced per attendee regardless of whether the policy has rate determinants set up.
• The limits apply only to company employees and excludes nonemployees.
• This policy can be associated with both travel and entertainment policies.
• Use the entertainment policy to define single or multiple daily limits that need to be enforced per attendee or group of attendees.
• The limits defined in the policy will be enforced per attendee only if the policy has rate determinants set up.
• This policy can be associated only with entertainment policies.
• Use the entertainment policy to define single, daily, or yearly limits that need to be enforced per attendee.

You learn that you can create action links to drill down from an Oracle Transactional Business Intelligence (OTBI) report to as specific transaction. You decide to test it out when running the payables to ledger reconciliation" Report When you click a specific balance, it directs you to Oracle Payables application where you can view the transactional details about the balance.What information can you view when using the action link in the "Payables to ledger reconciliation" Report.

• Beginning balances
• Period activity
• Differences
• Ending balances

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