[UPDATED Apr-2026] Best Value Available Preparation Guide for 1Z0-1055-25 Exam
1 Full 1Z0-1055-25 Practice Test and 56 Unique Questions, Get it Now!
Oracle 1Z0-1055-25 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
NEW QUESTION # 33
One of your clients notifies their suppliers of rejected invoices via email. You suggest that they instead send notifications to suppliers for rejected electronic invoices using industry-standard XML as a UBL 2.1 Invoice Response Message. Your client wants to know about the benefits of making this switch.
Which two benefits of this feature can you share with them?
- A. The notification provides suppliers with the option to request Payables manual intervention and support.
- B. Suppliers can view the rejection reason in their system and take corrective action.
- C. You can customize automatic responses per invoice type.
- D. There is automatic processing of electronic response messages.
Answer: C,D
NEW QUESTION # 34
You have assisted your customer with the implementation of Oracle Intelligent document Recognition (IDR). They want to track the accuracy of the invoice line recognition for invoices processed by IDR. You introduce them to the invoice documents recognition rate report to obtain the invoice line recognition details.
In which three formats is this report available?
- A. Invoice Header Details
- B. Invoice Summary Details
- C. Invoice Header summary
- D. Invoice Header supplier summary
- E. Invoice Line Summary
- F. Invoice Line Details
Answer: A,D,E
NEW QUESTION # 35
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 are a. 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?
- A. The analyst was not given the Supplier Administrator role.
- B. The analyst was not given the Procurement Administrator role.
- C. The analyst was not given the Supplier Manager role.
- D. The analyst was not given the Procurement Requester role.
Answer: C
Explanation:
Comprehensive and Detailed In-Depth
In Oracle Fusion Applications, access to specific tasks and functionalities is governed by the roles assigned to a user. The "Create Supplier" task within the Supplier work area is a critical function that allows authorized users to add new suppliers to the system. To access this task, a user must possess the appropriate roles that grant the necessary permissions.
A . The analyst was not given the Procurement Administrator role.
The Procurement Administrator role encompasses a broad range of procurement-related activities, including configuration and oversight functions. However, the ability to create suppliers is not inherently included within this role's permissions. Therefore, assigning the Procurement Administrator role alone would not grant access to the "Create Supplier" task.
B . The analyst was not given the Supplier Manager role.
The Supplier Manager role is specifically designed to manage supplier-related activities, including the creation and maintenance of supplier records. Assigning this role to a user provides them with the necessary permissions to access the "Create Supplier" task within the Supplier work area. In the scenario described, the absence of the Supplier Manager role is the reason the Payables Analyst cannot see the "Create Supplier" task. This is corroborated by Oracle's documentation, which states that users require the Supplier Manager role to create suppliers.
support.oracle.com
C . The analyst was not given the Supplier Administrator role.
While the Supplier Administrator role grants access to certain supplier-related functions, it does not include the permissions necessary to create new suppliers. Users with only the Supplier Administrator role may have visibility into supplier information but lack the capability to add new supplier records. Therefore, the absence of this role is not the cause of the issue.
D . The analyst was not given the Procurement Requester role.
The Procurement Requester role is intended for users who initiate purchase requisitions and related procurement activities. This role does not encompass supplier creation capabilities. Assigning the Procurement Requester role would not grant access to the "Create Supplier" task, and its absence is not related to the issue at hand.
In summary, to enable the Payables Analyst to access the "Create Supplier" task, the Supplier Manager role must be assigned to their user account. This role provides the necessary permissions to create and manage supplier records within the Oracle Fusion Applications.
NEW QUESTION # 36
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?
- A. BI_Integration
- B. AIAPPS_Data_Model_Developer
- C. BI_Author
- D. AIAPPS_Author
- E. BIP_DataModelDeveloper
Answer: B,D
Explanation:
Comprehensive and Detailed In-Depth
Oracle Adaptive Intelligence (AI) for Payables integrates with Oracle Payables Cloud to enhance automation and streamline invoice processing. To enable AI functionalities, certain roles must be assigned to users to allow them to access and configure AI-based reporting and automation tools.
AIAPPS_Author (Option A):
This role allows users to create and modify AI-based reports, dashboards, and analytics in Oracle Transactional Business Intelligence (OTBI) and BI Publisher.
Reference:
AIAPPS_Data_Model_Developer (Option D):
This role is essential for developing AI-driven data models that power analytics and automation within AI for Payables.
Options B, C, and E Analysis:
BI_Integration (Option B):
While BI Integration supports data extraction and reporting in BI Publisher, it is not specifically required for AI-based automation in Payables.
Verdict: Not required for AIAPPS_BIP_ROLE.
BI_Author (Option C):
This role provides general BI report development access but does not grant access to AI-based configurations or data models.
Verdict: Not required for AIAPPS_BIP_ROLE.
BIP_DataModelDeveloper (Option E):
This role is related to BI Publisher Data Model Development but does not include AI model configuration.
Verdict: Not required for AIAPPS_BIP_ROLE.
Thus, the correct answers are A. AIAPPS_Author and D. AIAPPS_Data_Model_Developer.
NEW QUESTION # 37
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?
- A. Project and Task Number
- B. Expense Location
- C. Template
- D. Currency
Answer: A,B,C
Explanation:
Comprehensive and Detailed In-Depth
In Oracle Expenses, the profile option EXM_DFLT_FROM_PREV_EXPENSE determines whether certain fields on the Create Expense Item page are automatically populated with values from the previously entered expense item.
By default, when this profile option is set to 'Y' (Yes), the application carries over several fields from the last entered expense item to streamline data entry. These fields include:
Date
Template
Expense Location
Currency (both ledger and reimbursement currency)
Company and Department
Project Number and Task Number
However, when the profile option is set to 'N' (No) at the user level, the system stops carrying over certain fields from the previous expense item.
Fields That Will No Longer Auto-Populate:
Expense Location - Users must manually enter the expense location for each new entry.
Template - Expense templates (if used) will not be pre-filled from the previous expense item.
Project and Task Number - Users must reselect the project and task number for each new expense entry.
Fields That Will Still Populate With Defaults:
Currency - Defaults to the ledger currency as configured in Human Capital Management (HCM).
Company and Department - These values will be retrieved from the user's default expense account setup in HCM.
Thus, the correct answer is: A, B, D because the Expense Location, Template, and Project & Task Number will no longer populate from a previous expense item when a user enters a new one.
Reference:
Oracle Financials Cloud: Implementing Expenses
NEW QUESTION # 38
A company has assigned a withholding tax classification to an invoice line to withhold two taxes, each tax withheld at different rates and remitted to different tax authorities.
Tax A has a withholding tax rate of 5% with compounding precedence of 1 Tax B has a withholding tax rate of 10% with compounding precedence of 2 What are the withholding tax amounts computed for the two taxes when the withholding taxable amount is 100$?
- A. Tax A:5%, Tax B:$9.5
- B. Tax A:5%, Tax B:$10
- C. Tax A:4.5%, Tax B:$10
- D. Tax A:5%, Tax B:$10.5
Answer: A
NEW QUESTION # 39
Which three are valid reasons why you cannot close your Payables period?
- A. Bills payable requiring maturity
- B. Incomplete payment files
- C. Suppliers on payment holds
- D. Unaccounted invoices and payments
- E. Unapplied prepayments
Answer: A,B,D
Explanation:
Comprehensive and Detailed In-Depth
Closing a Payables period in Oracle Financials Cloud requires that all transactions for the period are fully processed and accounted for. The system enforces certain checks to ensure data integrity and accurate financial reporting. The following are valid reasons that can prevent the closure of a Payables period:
Incomplete Payment Files (Option B):
Payment files that have been initiated but not completed will prevent period closure. All payment processes must be finalized to ensure that all disbursements are accurately recorded.
Reference:
Bills Payable Requiring Maturity (Option C):
Bills payable that have not yet reached their maturity date or have not been accounted for will block the period from closing. It's essential to update the status of all bills payable to reflect their maturity and ensure they are accounted for in the correct period.
Unaccounted Invoices and Payments (Option D):
Invoices and payments that have been entered but not yet accounted for will prevent period closure. All such transactions must be fully processed and posted to the general ledger to ensure financial statements are accurate and complete.
Options A and E are not valid reasons for preventing period closure:
Unapplied Prepayments (Option A):
While unapplied prepayments represent amounts paid in advance that have not yet been matched to invoices, they do not prevent the closure of a Payables period. These can remain unapplied across periods and do not impact the period close process.
Suppliers on Payment Holds (Option E):
Suppliers placed on payment holds indicate that payments to these suppliers are temporarily suspended. This status does not affect the ability to close a Payables period, as it pertains to future payments rather than existing transactions within the period.
In summary, to successfully close a Payables period, ensure that all payment files are complete, bills payable are matured and accounted for, and all invoices and payments are fully processed and posted.
NEW QUESTION # 40
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
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 # 41
SIMULATION
MANAGE POLICIES BY EXPENSE CATEGORY
Create an Expense Policy for meals that raises a warning, if the expense exceeds the prescribed limit, without blocking the expense processing. Your expense policy should be ready to be associated with an expense type within an expense report template.
Answer:
Explanation:
See the Explanation for Step by Step Solution
Explanation:
Step-by-Step Solution: Configuring an Expense Policy in Oracle Financials Cloud To configure this expense policy in Oracle Financials Cloud, follow these steps:
Step 1: Access the Expense Policies Setup Page
Log in to Oracle Financials Cloud with the appropriate Expense Manager or Financial Administrator role.
Navigate to Setup and Maintenance.
Select the Task: Manage Policies by Expense Category.
Step 2: Create or Locate the Meal Expense Category
Search for the Meals expense category.
If the Meals category does not exist:
Click Create Expense Category.
Category Name: "Meals".
Category Type: "Meals and Entertainment".
Save the entry.
Step 3: Define a Policy Rule for Raising a Warning
Select the Meals Expense Category and click Edit.
Navigate to the Policies and Limits tab.
Under Amount Limits, click Add New Rule.
Configure the Expense Policy Rule:
Description: "Meal Expense Warning Policy".
Limit Type: "Warning Only".
Limit Amount: Enter the prescribed limit (e.g., 50 USD).
Per: Select Day (or another relevant time frame).
Applies To: Select All Employees.
Location-Based Rules: Leave blank if not location-specific.
Set Warning Behavior:
Select Raise a Warning if the expense exceeds the prescribed limit.
Ensure the policy does not block submission or approval.
Click Save and Close.
Step 4: Associate the Policy with an Expense Report Template
Navigate to Setup and Maintenance > Manage Expense Report Templates.
Search for the Expense Report Template where the Meals category should be included.
Click Edit and go to the Expense Types section.
Add the Meals Expense Type and associate it with the newly created Meals Expense Warning Policy.
Click Save and Close.
Step 5: Enable and Validate the Policy
Ensure the policy is marked as Active.
Click Submit to finalize the policy configuration.
Run the Validate and Deploy Expense Policies process.
Step 6: Testing the Policy
Simulate an Expense Report Submission:
Create a new expense report and select Meals as the expense type.
Enter an expense amount exceeding the limit (e.g., 55 USD).
Verify that a warning message appears, but the expense is still allowed to proceed.
Submit an expense below the limit (e.g., 45 USD) and ensure no warning appears.
Expected Outcome:
If the meal expense exceeds the limit, the system raises a warning but does not block the expense submission.
If the meal expense is within the limit, the system processes it without warnings.
The policy is successfully associated with an expense type in an expense report template.
Conclusion
By following these steps, you successfully configure an expense policy that raises a warning for meals exceeding a specified limit without blocking submission or processing. This ensures that employees are notified about policy violations while allowing flexibility in expense approvals.
NEW QUESTION # 42
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?
- A. The limits apply only to company employees and excludes nonemployees.
- B. The limits defined in the policy will be enforced per attendee only if the policy has rate determinants set up.
- C. This policy can be associated only with entertainment policies.
- D. Use the entertainment policy to define single or multiple daily limits that need to be enforced per attendee or group of attendees.
- E. The limits defined in the policy will be enforced per attendee regardless of whether the policy has rate determinants set up.
- F. This policy can be associated with both travel and entertainment policies.
- G. Use the entertainment policy to define single, daily, or yearly limits that need to be enforced per attendee.
Answer: B,C,G
NEW QUESTION # 43
You are testing the Payables to General Ledger Reconciliation report at the ledger level for your UK Ledger. You have run and selected the extract for the report but the request returned the message: "No data to display".
What is the reason for this?
- A. You did not select the business units associated to the UK Ledger.
- B. The reconciliation flag has not been enabled for your liability accounts.
- C. The financial category of Accounts Payable is not assigned to the liability accounts.
- D. You did not specify the range of liability accounts to include in the extract.
Answer: C
NEW QUESTION # 44
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. The employee's supervisor can manually release the hold from the notification.
- B. The expense auditor can manually release the payment hold in a discretionary manner.
- C. Expenses automatically releases holds when receipts are received or waived.
- D. The employee can manually release the hold from the notification.
- E. Payables Manager can release payment holds in Payables.
Answer: B,C
Explanation:
Comprehensive and Detailed In-Depth
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:
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.
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 # 45
You joined an OU Live Session for Oracle Financials centered on Expenses and learned about a new feature, Monthly and Lifetime Rate Limit Enforcement for Miscellaneous Policies. With this new feature, you can now enforce monthly and lifetime rate limits for miscellaneous expenses.
Based on which four values did the instructor say you can configure the rate limits?
- A. Expense Type
- B. Location
- C. Role
- D. Exchange Rate Conversion
- E. Gender
- F. Currency
- G. Employee Management Level
- H. Enforce the same rate limit for all employees.
Answer: B,C,D,H
NEW QUESTION # 46
While creating the setup for employee bank accounts, you have the profile option CE_USE_EXISTING_BANK_BRANCH set to Yes.
What can the users now search for by default?
- A. Bank and Bank Branch
- B. Bank Branch only
- C. Bank Branch identifier
Answer: A
Explanation:
Comprehensive and Detailed In-Depth
The profile option CE_USE_EXISTING_BANK_BRANCH in Oracle Financials Cloud controls whether users can select from pre-existing banks and branches or enter new bank information manually when setting up employee bank accounts.
When set to Yes:
Behavior: Users are provided with a list of predefined banks and branches to select from. This ensures consistency in bank data and reduces errors associated with manual entry.
Default Search Capability: Users can search and select both Bank and Bank Branch from the existing list.
Reference:
When set to No:
Behavior: The system allows users to manually enter bank and branch details as free text, without relying on predefined lists.
Default Search Capability: Since there are no predefined lists, users do not have search options and must input all bank information manually.
Therefore, with the profile option CE_USE_EXISTING_BANK_BRANCH set to Yes, users can search for and select both the Bank and Bank Branch from the predefined options, ensuring accurate and standardized bank account setups.
NEW QUESTION # 47
You are an Expenses Manager at a large company and need to address complaints from your corporate card provider about delayed transaction payments incurred by former employees who are now inactive. To ensure timely and efficient processing of valid business charges posted to an inactive employee's corporate credit card, you can run the following two processes: Upload Corporate Card Transactions and Process Corporate Card Transactions for Inactive Employees.
Which two are capabilities included in these processes?
- A. Employee Termination Date
- B. Outstanding Cash Advances
- C. Individual Pay Liability
- D. Grace Period
Answer: A,D
Explanation:
Comprehensive and Detailed In-Depth
In Oracle Financials Cloud, managing corporate card transactions for inactive employees is crucial to maintain timely payments and avoid disputes with card providers. The processes Upload Corporate Card Transactions and Process Corporate Card Transactions for Inactive Employees are designed to handle such scenarios effectively.
Key Capabilities of These Processes:
Employee Termination Date (Option A):
Role in Processing: The system identifies inactive employees based on their termination or inactive status. When the Process Corporate Card Transactions for Inactive Employees process is executed, it scans for employees whose status has changed to inactive (e.g., due to termination or unpaid leave) and identifies any outstanding corporate card transactions associated with them.
Reference:
Grace Period (Option D):
Role in Processing: A grace period can be configured to allow the system to process transactions that are posted after an employee's termination date. This ensures that any legitimate business expenses incurred shortly before termination are not overlooked. The default grace period is set to 0 days but can be adjusted as needed.
Configuration Path: To modify the grace period, navigate to the Manage Expenses System Options page:
In the Setup and Maintenance work area, select:
Offering: Financials
Functional Area: Expenses
Task: Manage Expenses System Options
Options Not Included:
Outstanding Cash Advances (Option B):
This pertains to any cash amounts advanced to employees that have not yet been reconciled. The processes in question focus on corporate card transactions and do not directly address outstanding cash advances.
Individual Pay Liability (Option C):
This refers to scenarios where employees are responsible for paying their corporate card bills directly (Individual Pay). The processes mentioned are designed to handle transactions for inactive employees, regardless of the payment liability setup (Individual Pay, Company Pay, or Both Pay).
By utilizing these processes and configuring the grace period appropriately, companies can ensure that all valid business expenses incurred by inactive employees are processed efficiently, thereby maintaining good standing with corporate card providers and ensuring accurate financial reporting.
How Corporate Card Transactions for Inactive Employees Are Processed
NEW QUESTION # 48
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?
- A. Set a specific pay group in payables invoice options.
- B. Set a specific pay group in disbursement options.
- C. Set a specific pay group in Expense system options.
- D. Set a specific pay group in the expense section of the employee record.
Answer: C
NEW QUESTION # 49
Which reference data sharing method can you use for Payables Payment Terms when working with reference data sets in Payables?
- A. Assignment to multiple sets; no common values allowed
- B. Assignment to multiple sets with common values allowed
- C. Assignment to one set only; no common values allowed
Answer: A
Explanation:
Comprehensive and Detailed In-Depth
In Oracle Fusion Applications, reference data sharing (also known as SetID) enables organizations to share common configuration data across various organizational units, such as business units, without unnecessary duplication. This approach streamlines maintenance and ensures consistency of reference data across the enterprise.
Payment Terms in Oracle Payables define the conditions under which a company pays its suppliers. These terms can vary between business units based on factors like regional practices or supplier agreements. To accommodate this variability, Oracle Payables employs a specific reference data sharing method for Payment Terms.
Reference Data Sharing Methods:
Assignment to One Set Only; No Common Values Allowed:
Each reference data object instance is assigned to a single set exclusively.
No sharing of values across multiple sets.
Example: Asset Prorate Conventions are defined and assigned to only one reference data set.
Assignment to One Set Only, with Common Values:
Reference data objects can be assigned to one set, but there's a common set whose values are accessible to all business units.
Example: Receivables Transaction Types are assigned to a common set that's available to all business units.
Assignment to Multiple Sets; No Common Values Allowed:
A reference data object instance can be assigned to multiple sets.
There's no common set; each set operates independently.
Example: Payables Payment Terms use this method, allowing each payment term to be assigned to one or more sets.
For Payables Payment Terms, the applicable method is "Assignment to multiple sets; no common values allowed." This means that each payment term can be associated with one or more reference data sets, but there's no overarching common set that includes all payment terms. This flexibility allows organizations to define payment terms specific to certain business units while also sharing others across multiple units as needed.
Practical Application:
Shared Payment Terms: If multiple business units operate under similar payment conditions, a single payment term (e.g., "Net 30") can be assigned to multiple reference data sets corresponding to those units.
Specific Payment Terms: For unique business units with distinct payment agreements, specific payment terms (e.g., "Net 15") can be created and assigned exclusively to the relevant reference data set.
This approach ensures that each business unit has access to the payment terms relevant to its operations without unnecessary proliferation of identical terms across the system.
Reference:
Reference Data Sets and Sharing Methods
Payment Terms
NEW QUESTION # 50
You implemented the service provider model for Payables payments, where your United Kingdom (UK) headquarters works solely as an outsourced payment processing unit on behalf of your other UK business units.
What is this type of payment service provider model known as?
- A. Dedicated
- B. Self-Service
- C. Procurement
- D. Dedicated and Self-Service
Answer: A
NEW QUESTION # 51
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.
- A. Beginning balances
- B. Differences
- C. Ending balances
- D. Period activity
Answer: B
NEW QUESTION # 52
Your Company is considering using BI publisher to create additional reports. They want to know about the various features and benefits of this tool.
Which are two benefits of BI publisher customize feature?
- A. You do not need any special roles to access this feature
- B. A backup copy of the report is automatically saved in my folders
- C. Writing code is not required
- D. Patches do not override report customizations
- E. Report output is sent to an e-commerce site
Answer: B,D
NEW QUESTION # 53
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?
- A. From the Ship-to Location selected on the invoice
- B. From the Party Tax Profile of the Third Party Site
- C. From the Site Assignments of the Supplier Site
Answer: C
Explanation:
A). From the Site Assignments of the Supplier Site (Correct Answer)
The Withholding Tax Classification Code can be assigned at the supplier site level in Oracle Financials Cloud.
When a supplier site has a predefined withholding tax classification, this automatically defaults onto the invoice line when an invoice is created for that supplier site.
This setup ensures that consistent withholding tax is applied to transactions related to that supplier.
According to Oracle documentation:
"For supplier sites that use withholding tax, the withholding tax classification that you define at the supplier site assignment level is used to populate the default tax classification on the invoice." (Oracle Financials Cloud Payables Guide) B). From the Party Tax Profile of the Third Party Site (Incorrect Answer) The Party Tax Profile contains tax-related settings for a supplier or third-party entity, including tax registration details.
However, it does not directly default the Withholding Tax Classification Code onto invoice lines.
Instead, the Party Tax Profile provides high-level tax configurations that may influence tax calculations but does not assign the default withholding tax classification.
C). From the Ship-to Location selected on the invoice (Incorrect Answer) The Ship-to Location on an invoice is used for logistics and sales tax calculations based on where goods are delivered.
It does not impact withholding tax, which is typically linked to the supplier or supplier site.
Therefore, the Withholding Tax Classification Code does not default from the Ship-to Location.
Final Conclusion:
The correct source of the default Withholding Tax Classification Code on an invoice line is the Supplier Site Assignment.
This ensures that withholding tax is consistently applied to transactions involving that supplier, reducing errors in tax calculations.
Reference:
Oracle Financials Cloud Documentation - Withholding Tax Classifications in Payables (Oracle Documentation Link) Explanation:
Comprehensive and Detailed In-Depth
In Oracle Financials Cloud, when a Payables user creates a manual invoice, the Withholding Tax Classification Code can default onto the invoice line from various sources depending on the system configurations. The correct source for defaulting this code is from the Site Assignments of the Supplier Site.
Explanation of Each Option:
NEW QUESTION # 54
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, 2022
Pay Through Date = July 30, 2022
Date Basis = Due Date
What will be the resulting status of the installment and discount?
- A. The installment is selected and a discount of $150 USD is applied.
- B. The installment is selected and no discount is applied.
- C. The installment is not selected because the discount dates are before the Pay Through Date.
- D. The installment is selected and a discount of $50 USD is applied.
- E. The installment is not selected because the due date is after the Pay Through Date.
Answer: E
NEW QUESTION # 55
......
Get Instant Access to 1Z0-1055-25 Practice Exam Questions: https://examsboost.dumpstorrent.com/1Z0-1055-25-exam-prep.html