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Oracle 1Z0-1055-23 Exam Syllabus Topics:

Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

1. You need to create a recurring expense for one of your regular expenses.
Which three are frequencies that you can choose for these types of expenses? (Choose three.)

A) Bimonthly
B) Weekly
C) Annually
D) Monthly
E) Biweekly

2. The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct? (Choose three.)

A) All related interest invoices are reversed if previously created.
B) Any realized gain or loss previously calculated is reversed.
C) Voiding the payment automatically places an invoice on hold.
D) All related withholding tax invoices are automatically voided.
E) Any previous accounting and payment records for an invoice are reversed.

3. Which dashboard or workarea displays the Scanned Invoices region for invoices processed through the Payables Integrated Imaging solution?

A) Invoices Workarea only
B) Manage Invoices page
C) Payables Dashboard only
D) C-level executives
E) Payables Dashboard and Invoices Workarea

4. You have an invoice for a three-month lease and wish to recognize the expense monthly for the duration of the lease.
What must be entered on the invoice in order to do this?

A) You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.
B) You must provide a start date, an end date, and the accrual account for the prepaid expenses in the invoice lines or distributions.
C) You must provide a start date and an end date for the prepaid expenses in the invoice lines or distributions.
D) You must provide a start date and the accrual account for the prepaid expenses in the invoice lines or distributions.

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

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

Solutions: