Online Access Free 1Z0-1055-21 Exam Questions

Identify two ways the invoice imaging solution works in the Cloud. (Choose two.)

• A.Customers cannot use invoice imaging in the Cloud.
• B.Customers ask suppliers to send electronic invoices.
• C.Customers scan and store the invoice images on-premise and attach them during invoice entry.
• D.Customers ask their suppliers to scan and email the invoice.
• E.Customers scan the invoice on-premise and email the images.

Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation. (Choose two.)

• A.Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.
• B.Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
• C.Do not assign bank accounts to business units.
• D.Business units must be granted access to the bank account.
• E.Allow bank accounts to be accessed by all roles and users because the default value to secure a bank account by users and roles is No.

Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?

• A.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.
• B.Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
• C.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.
• D.Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.

You want your expense auditors to audit only expenses reports for specific business units. How do you do this?

• A.Assign the auditors' specific data roles for the corresponding business units.
• B.Create your own audit extension rules that correspond to the business unit.
• C.Create a custom duty role and assign the data roles to each auditor.
• D.Make auditors the managersof the corresponding business unit to route expense reports properly.

You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?

• A.Terminate the payment process request.
• B.Remove the documents or payments causing the error and resume the payment process.
• C.Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.
• D.Run the create accounting program.
• E.Run the invoice validation program.