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Oracle 1Z0-1055-23 Exam Syllabus Topics:

Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

1. Which reports can show you differences between your subledger balances and general ledger balances to help you reconcile quickly?

A) Payables Aging reports with the General Ledger Trial Balance report
B) Payables Trial Balance and General Ledger Trial Balance reports
C) Payables to Ledger Reconciliation report
D) General Ledger Financial Statements and the Accounts Payable and Invoice Registers

2. 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.
Now, the user creates an invoice for $1000 and routes it for approval. What will happen?

A) Invoice will be auto-approved.
B) Invoice will not be processed.
C) Invoice will be sent to User 1 for approval.
D) The system will issue an error message after the approval has been initiated.

3. The Government has introduced a new reduced tax recovery rate for certain services. You need to amend the configuration for your current tax regime to reflect this change.
Which three setups will you need to complete? (Choose three.)

A) Setup Determining Factor and Condition Sets
B) Setup a new status
C) Setup a new recovery rate
D) Setup a new tax rate
E) Setup a new tax
F) Setup a new tax rule

4. A Bill Payable document was paid but has not yet matured.
What is the status of the payment?

A) Issued
B) Negotiable
C) Cleared
D) In Transit

5. What is the difference between subject areas that append the word "Real Time" and those that do not?

A) The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.
B) The "Real Time" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.
C) The "Real Time" subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.
D) There is no difference.

Solutions: