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Oracle 1Z0-1055-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Supplier Management | - Supplier setup and maintenance
|
| Topic 2: Tax and Accounting Integration | - Subledger accounting integration
|
| Topic 3: Payables Setup and Configuration | - Payables application configuration
|
| Topic 4: Invoice Processing | - Invoice creation and validation
|
| Topic 5: Payments Processing | - Payment processing and execution
|
| Topic 6: Reporting and Period Close | - Payables reporting
|
Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:
Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?
- A. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
- B. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
- C. 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.
- D. 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.
You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post the invoice to general ledger?
- A. Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.
- B. Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.
- C. Enter and post a manual journal entry directly into the general ledger.
- D. Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger's Manage Journals page and post the associated invoice journal entry.
You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?
- A. Needs Revalidation
- B. Validated
- C. Not Validated
- D. Imported
- E. Not Required
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When reviewing installments, what setup is required to override the supplier site on an invoice?
- A. Allow the remit-to supplier override for third-party payments at Manage Payment options.
- B. Allow payee to override for third-party payments while Manage Invoice options.
- C. Allow the remit-to supplier override for third-party payments at Manage Invoice options.
- D. Allow the remit-to supplier address override for third-party payments at Manage Invoice options.
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Which three are attributes that are recognized by Invoice Imaging? (Choose three.)
- A. Invoice Number
- B. Terms Date
- C. Payment Method
- D. Invoice Date
- E. PO Number
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