Free 1Z0-1055-26 – Oracle Financials Cloud Practice Test Question

Select an option, then click Submit answer.

• ○

  Standard Invoice

• ○

  Standard invoice request

• ○

  Credit Memo

• ○

  Supplier payment request

• ○

  iSupplier Invoice
  

Select an option, then click Submit answer.

• ○

  Create a custom duty role and assign the data roles to each auditor.

• ○

  Create your own audit extension rules that correspond to the business unit.

• ○

  Make auditors the managers of the corresponding business unit to route expense reports properly.

• ○

  Assign the expense auditors job role and business unit security context and value to the user.
  

Select an option, then click Submit answer.

• ○

  Standard, Credit Memo and Debit Memo

• ○

  Standard, Credit Memo and Customer Refund

• ○

  Standard, Credit Memo, and Invoice Request

• ○

  Standard, Debit Memo and Customer Refund
  

Select all that apply, then click Submit answer.

• ○

  Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.

• ○

  Define the Disbursement Bank Account to the Payment Method in payment default rules.

• ○

  Define the Disbursement Bank Account to every supplier.

• ○

  Create a Payment Process Request template that includes the Disbursement Bank Account.

• ○

  Assign the Disbursement Bank Account to users to have the payment process default the bank account.
  

Select an option, then click Submit answer.

• ○

  Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.

• ○

  Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.

• ○

  Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.

• ○

  Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.
  

Select an option, then click Submit answer.

• ○

  Manage Invoice Options and Manage common options for Payables and Procurement

• ○

  Manage Payable Options and Manage Invoice Options

• ○

  Manage Invoice Options and Manage Procurement agents

• ○

  Manage common options for Payables and Procurement and Manage Procurement agents

• ○

  Manage Payment Options and Manage common options for Payables and Procurement
  

Select an option, then click Submit answer.

• ○

  Approval Groups

• ○

  Sequential

• ○

  Both Parallel and Sequential

• ○

  Parallel

• ○

  Serial and FYI (For Your Information)
  

Select an option, then click Submit answer.

• ○

  Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger’s Manage Journals page and post the associated invoice journal entry.

• ○

  Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.

• ○

  Enter and post a manual journal entry directly into the general ledger.

• ○

  Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.
  

Select an option, then click Submit answer.

• ○

  Payable’s Automatic Offset

• ○

  Intercompany Balancing

• ○

  Subledger Accounting’s Account Rules

• ○

  Suspense Accounts

• ○

  Payables’ Allow Reconciliation Accounting
  

Select an option, then click Submit answer.

• ○

  Legal Entity

• ○

  Bank

• ○

  Business Unit

• ○

  Bank Account

• ○

  Supplier