Online Access Free 1z0-1055-22 Exam Questions

You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?

• A.Validated
• B.Needs Revalidation
• C.Not Validated
• D.Not Required
• E.Imported

While processing an expense report, the system placed a payment hold on the expense report. What are two ways to release payment holds? (Choose two.)

• A.The expense auditor can manually release the payment hold at his discretion.
• B.The employee's supervisor can manually release the hold.
• C.The employee can manually release the hold.
• D.Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.
• E.Payables Manager can release payment holds in Payables.

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.The initiate option is greyed out for the invoice.
• B.Invoice will be auto-approved.
• C.The workflow will fail once approval is initiated.
• D.Invoice will be sent to User 1 for approval.

Your client is concerned that all expense reports are getting automatically approved by the expenses system despite the setup of an Audit Selection Rule.
What is the reason for this?

• A.The audit selection rule has not been assigned to the business unit
• B.An expenses template and type rule has not been setup
• C.The audit selection rule has not been assigned in the system options page
• D.The audit selection rule has not been assigned to the legal entity
• E.Auditing has not been enabled in the system options page

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

• A.Do not assign bank accounts to business units.
• B.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.
• C.Business units must be granted access to the bank account.
• D.Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
• E.Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.