Free 1Z1-1055 Questions for Oracle Financials Cloud: Payables 2019 Implementation Essentials 1Z1-1055 Exam as PDF & Practice Test Engine

Exam Code/Number: 1Z1-1055
Exam Name/Title: Oracle Financials Cloud: Payables 2019 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud

Exam Questions: 113
Updated On: Jun 03, 2026

Question #1

Which two statements are true when you are using the Intercompany Reconciliation Reports? (Choose two.)

A. The reconciliation period summary report will not show the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.

B. You can drill down on the links in the Period Summary report to view the balances by Intercompany Organization.

C. The reports will include Ledger balancing lines generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.

D. The reports will show the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.

E. You must run the prepare Intercompany Reconciliation Reporting Information process.

Discussion 0

Correct Answer: A Vote an answer

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Question #2

Which three attributes are captured during the scanning of invoice images?

A. Invoice Date

B. Terms Date

C. PO Number

D. Payment Method

E. Invoice Number

Discussion 0

Correct Answer: A,C,E Vote an answer

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Question #3

If you accidentally paid an invoice using Create Payment flow, can you undo the operation?

A. no

B. yes, by canceling the payment process from the process monitor

C. yes, by voiding the payment created

D. Cancel the invoice and create a new one.

E. yes, by creating a credit memo to offset the payment

Discussion 0

Correct Answer: A Vote an answer

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Question #4

You have two business units, Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?

A. Use segment valuesecurity rules to secure access to business units.

B. Assign the Expense Auditor job roles to each auditor.

C. Assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles to each Expense Auditor.

D. Assign the Expense Auditor as the owner of each business unit.

Discussion 0

Correct Answer: C Vote an answer

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Question #5

XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However, when reviewing the invoice installments for XYZ Supplier the payables specialist is unable to override the remit-to supplier name and address on the Invoice installments.
What is the reason for this?

A. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Common Options for Payables and Procurement page for the business unit.

B. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Disbursement System Options page for the business unit.

C. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Invoice Options page for the business unit.

D. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Payment Options page for the business unit.

Discussion 0

Correct Answer: C Vote an answer

Question #6

You have assigned additional roles to an existing user. However, the new roles are not appearing for the user in their Navigator menu. What should you check?

A. Make sure you can query the user from the Manage Users page and verify the roles assigned.

B. Make sure the user logs out and logs back in.

C. Make sure you ran the Retrieve Latest LDAP Changes program.

D. Make sure you can query the user using Oracle Identity Manager (OIM) and the roles are assigned.

Discussion 0

Correct Answer: C Vote an answer

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Question #7

Which three are attributes that are recognized by Invoice Imaging? (Choose three.)

A. Invoice Date

B. Terms Date

C. PO Number

D. Payment Method

E. Invoice Number

Discussion 0

Correct Answer: A,C,E Vote an answer

Free 1Z1-1055 Questions for Oracle Financials Cloud: Payables 2019 Implementation Essentials 1Z1-1055 Exam as PDF & Practice Test Engine

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