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Note! Following 1z0-1055-22 Exam is Retired now. Please select the alternative replacement for your Exam Certification. The new exam code is 1z0-1055-23

1z0-1055-22 Exam Dumps - Oracle Financials Cloud: Payables 2022 Implementation Professional

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Question # 9

Which three are supported image formats for the Integrated Imaging solution? (Choose three.)

A.

RTF

B.

JPEG

C.

TIFF

D.

XLS

E.

PNG

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Question # 10

Which component is not included in the security architecture for creditcard data and bank account data encryption?

A.

Oracle Wallet

B.

Supplier master encryption key

C.

Sensitive data encryption and storage

D.

Payments subkeys

E.

Payments master encryption key

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Question # 11

During your businesstrip to the UK, you took a taxi ride and paid for it by using your personal Visa credit card. While entering your expenses, you get a warning that a different conversion rate was applied to the taxi expense by Visa that the one used by your company.

How doyou handle this situation?

A.

Do not enter the taxi expense and call your Finance Department so that they can make changes in the conversion rate settings and you do not violate the allowable limit.

B.

Call Visa to address the issue and tell them to makeadjustments to their conversion rate. Then, wait to get a revised statement.

C.

Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate.

D.

Use the corporate-defined conversion rate even if it means you will not be reimbursed fully.

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Question # 12

You are using the Payable’sDeferred Expense feature (also known as Multiperiod Accounting). You have entered an invoice for a three-month lease that is entered on Jan 10th. The total expense is $12,000 and it covers the rental period from Jan 1st to Mar 31st.

Assuming that the rental expenses are split evenly per month and a monthly accounting calendar is used, what would the accounting entry be?

A.

On Jan 10th, Debit Prepaid Expense for 12,000 and Credit Liability 12,000

B.

On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Feb 28th, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000

C.

On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000 and thenOn Jan 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Feb 28th, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000

D.

On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for4,000On Jan 10th, Debit Rental Expense for 12,000 and Credit Cash for 12,000

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Question # 13

You need to create a payment for a supplier before the next payment run. The invoice you wish to pay is not available for selection in the Create Payment page.

Which two are possible reasons for this? (Choose two.)

A.

Thepayment supplier site is different to the supplier site on the invoice.

B.

The invoice is not yet due.

C.

The invoice is not validated.

D.

The payment method for the invoice is Electronic.

E.

The invoice is not accounted.

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Question # 14

You have enabled Payment Approval for your payment process requests (PPR).

At what stage of the PPR is the payment approval process automatically triggered?

A.

Review Proposed Payments

B.

Review Installments

C.

Create Payment Files

D.

Build Payments

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Question # 15

Select three reasons why you cannot close your Payables period. (Choose three.)

A.

open intercompany transactions

B.

unapplied prepayments

C.

suppliers on payment holds

D.

bills payable requiring maturity

E.

unaccounted invoices and payments

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Question # 16

A company is centralizing their payment processing using the service provider model.

Which reporting level has to be used to run the Prepare Payables to General Ledger Reconciliation report?

A.

Run the Prepare Payables to General Ledger Reconciliation report at Ledger level.

B.

Run the Prepare Payables to General Ledger Reconciliation report at Business Unit level.

C.

Running the Prepare Payables to General Ledger Reconciliation report is NOT available when there is a centralized payment processing.

D.

Run the Prepare Payables to General Ledger Reconciliation report for combination of Ledger and Balancing Segment Value.

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