블로그 | 클럽씨유 CLUB CeoUniv

Bob King Bob King

0 코스 등록됨 • 0 완료된 코스

약력

Exam 1Z0-1055-24 Vce Format - 2025 Oracle 1Z0-1055-24 First-grade Pdf Format

If applicants fail to find reliable material, they fail the 1Z0-1055-24 examination. Failure leads to loss of money and time. You just need to rely on PracticeDump to avoid these losses. PracticeDump has launched three formats of real 1Z0-1055-24 Exam Dumps. This product is enough to get ready for the Oracle 1Z0-1055-24 test on the first attempt. Three formats are easy to use and meet the needs of every Oracle Financials Cloud: Payables 2024 Implementation Professional (1Z0-1055-24) test applicant. The Oracle 1Z0-1055-24 practice material's three formats are Desktop practice test software, web-based practice exam, and PDF.

We attach importance to candidates' needs and develop the 1Z0-1055-24 practice materials from the perspective of candidates, and we sincerely hope that you can succeed with the help of our practice materials. Our aim is to let customers spend less time to get the maximum return. By choosing our 1Z0-1055-24 practice materials, you only need to spend a total of 20-30 hours to deal with exams, because our 1Z0-1055-24 practice materials are highly targeted and compiled according to the syllabus to meet the requirements of the exam. As long as you follow the pace of our 1Z0-1055-24 practice materials, you will certainly have unexpected results.

>> Exam 1Z0-1055-24 Vce Format <<

2025 Exam 1Z0-1055-24 Vce Format 100% Pass | Efficient 1Z0-1055-24: Oracle Financials Cloud: Payables 2024 Implementation Professional 100% Pass

PracticeDump assists people in better understanding, studying, and passing more difficult certification exams. We take pride in successfully servicing industry experts by always delivering safe and dependable exam preparation materials. All of our Oracle 1Z0-1055-24 exam questions follow the latest exam pattern. We have included only relevant and to-the-point Oracle 1Z0-1055-24 Exam Questions for the Oracle Financials Cloud: Payables 2024 Implementation Professional exam preparation. You do not need to waste time preparing for the exam with extra or irrelevant outdated Oracle 1Z0-1055-24 exam questions.

Oracle 1Z0-1055-24 Exam Syllabus Topics:

Topic
Details

Topic 1

Using AI Capabilities in Payables: This section measures the skills of AI Implementation Specialists in leveraging AI within Oracle Payables1. It covers understanding how to leverage Oracle’s pervasive AI approach in Oracle Cloud Applications, describing the integration and application of AI within the Oracle ERP ecosystem, and using AI to automate intelligent account combination defaulting1. These skills ensure the effective utilization of AI to improve efficiency and accuracy in payables processes.

Topic 2

Processing Expenses: This section evaluates the capabilities of Auditors in managing expense-related tasks156. It covers entering expense reports, managing expense approvals, processing expense reimbursements, managing corporate cards, auditing expense reports, and setting up expenses within the system. These skills ensure compliance with expense policies and accurate reimbursement processes.

Topic 3

Processing Payments: This section assesses the skills of Process Owners and focuses on creating and processing payments, along with explaining bank reconciliations within Oracle Financials Cloud156. Proficiency in these areas ensures accurate and timely payment processing, along with reconciliation for financial accuracy.

Oracle Financials Cloud: Payables 2024 Implementation Professional Sample Questions (Q48-Q53):

NEW QUESTION # 48
Which three options are available to filter data when you submit the Prepare Payables to Ledger Reconciliation Report?

A. Natural Account
B. Supplier
C. Accounting Period
D. Balancing Segment Value
E. Primary Ledger
F. Business Unit

Answer: C,D,F

Explanation:
Comprehensive and Detailed In-Depth Explanation:
The Prepare Payables to General Ledger Reconciliation process in Oracle Financials Cloud is essential for ensuring that your payables and general ledger data are aligned. When submitting this process, you have several parameters available to filter and select the specific data you need for reconciliation. The key parameters include:
* Business Unit (Option A):
* Purpose: Allows you to reconcile data for a specific business unit within your organization. This is particularly useful if your enterprise structure includes multiple business units and you need to focus on one at a time.
Reference: Prepare Payables to General Ledger Reconciliation
Accounting Period (Option B):
Purpose: Enables you to select the accounting period (either open or closed) for which you want to prepare the reconciliation data. This ensures that the report focuses on the transactions relevant to the specified time frame.
Reference: Prepare Payables to General Ledger Reconciliation
Balancing Segment Value (Option C):
Purpose: Allows you to filter the data by specific balancing segment values, which correspond to entities like companies or divisions within your chart of accounts. This is useful for reconciling data at a more granular level.
Reference: Prepare Payables to General Ledger Reconciliation
While options D (Supplier), E (Primary Ledger), and F (Natural Account) are important attributes within the payables and general ledger modules, they are not listed as direct filter parameters for the Prepare Payables to General Ledger Reconciliation process. Therefore, the correct answers are A. Business Unit, B.
Accounting Period, and C. Balancing Segment Value.

NEW QUESTION # 49
SIMULATION
MANAGE EXPENSE REPORT TEMPLATE
Task 1:
Create an Expense Report Template for the US1 Business Unit, where:
a. The effective start date is the current date.
b. The hotel expense type requires itemization and should include Internet, Room Rate, and Dinner.
c. The expense type is associated with the respective account
d. Card Expense Type Mapping is not enabled.
e. Company policy states that receipts
f. Users can indicate receipts are missing in their expense report and a warning should be displayed for any missing receipts.
g. All Expense Fields are optional.

Answer:

Explanation:
See the Explanation for Step by Step Solution
Explanation:
Task 1: Create an Expense Report Template for the US1 Business Unit
The following configurations need to be implemented:
✔ Effective Start Date: The current date.
✔ Hotel Expense Type: Requires itemization with Internet, Room Rate, and Dinner.
✔ Expense Type: Associated with the respective GL account.
✔ Card Expense Type Mapping: Not enabled.
✔ Receipts Policy: Users can indicate missing receipts, and a warning should be displayed.
✔ Expense Fields: All fields should be optional.
Step-by-Step Solution
Step 1: Navigate to Expense Report Templates
Log in to Oracle Financials Cloud with the Expense Manager or Financial Administrator role.
Navigate to Setup and Maintenance.
In the Search Bar, type "Manage Expense Report Templates".
Click on Manage Expense Report Templates.
Step 2: Create a New Expense Report Template
Click Create New Template.
Enter the following details:
Name: "US1 Business Unit Expense Report"
Business Unit: US1 Business Unit
Effective Start Date: (Set to current date)
Enable for Use: ✔ (Check this box)
Click Save.
Step 3: Define the Expense Type - Hotel with Itemization
Navigate to the Expense Types tab.
Click Add Expense Type.
Enter the following details:
Expense Type Name: "Hotel"
Expense Category: "Lodging"
Requires Itemization: ✔ (Check this box)
Under Itemization, click Add Itemization Categories:
Internet
Room Rate
Dinner
Click Save.
Step 4: Associate Expense Types with GL Accounts
Click on Edit Expense Type "Hotel".
Go to the Accounting section.
Select the appropriate GL Account for lodging expenses.
Repeat this process for other required expense types.
Click Save and Close.
Step 5: Disable Card Expense Type Mapping
Navigate to the Corporate Card Expense Mapping tab.
Ensure the "Enable Corporate Card Mapping" checkbox is unchecked.
Click Save.
Step 6: Configure Receipts Policy
Navigate to the Receipts tab.
Under Receipt Handling, set:
Company Policy: Employees must provide receipts.
Allow users to indicate missing receipts? ✔ (Check this box).
Action for Missing Receipts: Raise a Warning (so that expense submission is not blocked).
Click Save.
Step 7: Set Expense Fields as Optional
Navigate to the Fields Setup tab.
Ensure all Expense Fields are set to Optional.
Click Save and Close.
Step 8: Validate and Activate the Template
Review all configurations.
Click Submit and Activate.
Run the Validate and Deploy Expense Templates process to ensure all settings are applied.
Step 9: Testing the Expense Report Template
Simulate an Expense Report Submission:
Select Hotel Expense and enter details.
Verify if the system requires itemization (Internet, Room Rate, Dinner).
Submit without a receipt to check if a warning is displayed.
Ensure all fields remain optional.
Verify no corporate card expense mapping applies.
Expected Outcome:
✔ The Expense Report Template is successfully created for US1 Business Unit.
✔ Hotel expenses require itemization into Internet, Room Rate, and Dinner.
✔ Receipts are required, and a warning is displayed for missing receipts.
✔ GL Account mapping is correctly applied to each expense type.
✔ Card Expense Type Mapping is disabled.
✔ All fields are optional, allowing flexible data entry.
Conclusion
By following these steps, we have successfully created and configured an Expense Report Template that meets all business requirements for the US1 Business Unit.

NEW QUESTION # 50
You recently processed a payment for a vendor and later discovered that the payment was made in error and needs to be voided. While voiding the payment, you selected Cancel as the Invoice Action. After performing the invoice voiding, you notice that the invoice is not cancelled; instead, it has an Invoice Cancel hold applied to it.
What is the reason for this?

A. The invoice date is not in the current open period.
B. The invoice has been partially paid by another payment.
C. The invoice is already on hold.

Answer: B

Explanation:
Comprehensive and Detailed In-Depth Explanation:
In Oracle Payables, voiding a payment involves specific actions that affect the associated invoices. When a payment is voided, users have the option to select an Invoice Action, such as Cancel, Hold, or None. The chosen action determines the subsequent status of the invoice linked to the voided payment.
A: The invoice date is not in the current open period.
If an invoice's date falls outside the current open accounting period, certain actions may be restricted.
However, this condition does not specifically result in an Invoice Cancel hold being applied when attempting to void a payment. Therefore, this is not the reason for the observed behavior.
B: The invoice is already on hold.
An invoice that is already on hold may have restrictions on further processing. However, the presence of an existing hold does not directly lead to the application of an Invoice Cancel hold during the voiding process.
Thus, this is not the cause of the issue.
C: The invoice has been partially paid by another payment.
When an invoice has been partially paid by multiple payments, voiding one of the payments and selecting Cancel as the Invoice Action does not cancel the invoice. Instead, Oracle Payables applies an "Invoice Cancel" hold to the invoice. This hold indicates that the invoice cannot be fully canceled because it has been partially satisfied by another payment. To resolve this, the remaining payments must be addressed appropriately before the invoice can be canceled. This behavior is documented in Oracle's guidelines, which state that attempting to cancel an invoice partially paid by another payment results in an Invoice Cancel hold being applied.
docs.oracle.com
Understanding the conditions under which Invoice Actions apply is crucial for effective invoice and payment management in Oracle Payables. Recognizing that partially paid invoices cannot be canceled outright helps prevent processing errors and ensures accurate financial records.

NEW QUESTION # 51
Adaptive Intelligence (AI), integrated with Oracle Payables Cloud, supports sophisticated data science that drives early payment discount offers.
Which of these is NOT a feature of early payment discounts?

A. Variable annual percentage rate (APR), based on "days paid early," is used to determine the discount amount.
B. Eligible discounts decrease on a sliding scale based on the supplier's discretion.
C. The earlier the payment, the greater the discount.

Answer: B

NEW QUESTION # 52
While processing an expense report, the system placed a payment hold on the expense report. What are the two ways to release payment holds?

A. Expenses automatically releases holds when receipts are received or waived.
B. The employee's supervisor can manually release the hold from the notification.
C. The expense auditor can manually release the payment hold in a discretionary manner.
D. Payables Manager can release payment holds in Payables.
E. The employee can manually release the hold from the notification.

Answer: A,C

Explanation:
Comprehensive and Detailed In-Depth Explanation:
In Oracle Financials Cloud, when an expense report is placed on payment hold, there are specific methods to release these holds:
* Manual Release by the Expense Auditor (Option A):
* Process:
* The expense auditor navigates to the Audit Expense Report page.
* From the Actions menu in the header, selects Release Hold.
* Outcome: This action releases the payment hold on the entire expense report, changing its status to Pending Payment.
Reference: Audit Actions
Automatic Release by the System (Option C):
Process:
The system monitors the status of required receipts for the expense report.
If receipts are received or waived, the system automatically releases the payment hold.
Outcome: The expense report progresses to the next stage in the payment process without manual intervention.
Reference: Expense Report Payment Hold Rules
Clarifications on Other Options:
Option B: The employee cannot manually release a payment hold from the notification. This responsibility lies with the expense auditor or the system based on receipt status.
Option D: The employee's supervisor does not have the authority to release payment holds from notifications.
Option E: While the Payables Manager can manage invoice holds in Payables, the release of payment holds on expense reports is specifically handled within the Expenses module by the expense auditor or automatically by the system.
Therefore, the correct methods to release payment holds on expense reports are through manual intervention by the expense auditor or automatic release by the system upon receipt or waiver of required documents.

NEW QUESTION # 53
......

There are three versions 1Z0-1055-24 exam bootcamp, you can choose one according to your preference. 1Z0-1055-24 PDF version can both practice in the electronic device and in the paper, if you like to practice on paper, and you just need to print them. 1Z0-1055-24 Soft exam engine can stimulate the real exam environment, and this version will help you to know the process of the exam, so that you can relieve your nerves. 1Z0-1055-24 Online Exam engine supports all web browsers, and it can also have a performance review, therefore you can have a review of about what you have learned.

1Z0-1055-24 Pdf Format: https://www.practicedump.com/1Z0-1055-24_actualtests.html