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Oracle 1Z0-1055-23 Exam Syllabus Topics:

Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

1. Which three are Invoice Header attributes that can be used during invoice approval rule creation? (Choose three.)

A) Business Unit Name
B) Pay Group Lookup Code
C) Requester Name
D) Statistical Amount
E) Accounting Date

2. Identify three scenarios where you are not allowed to cancel an invoice. (Choose three.)

A) Prepayments were applied to the invoice.
B) The invoice was adjusted by a credit or a debit memo.
C) An accounting entry has been created for the invoice.
D) The invoice is fully or partially paid.
E) The invoice is validated.

3. Which three are subject area subfolders that report Payables reconciliation differences to General Ledger? (Choose three.)

A) Reconciliation Invoice Hold Details
B) Reconciliation Invoice Request Details
C) Reconciliation Invoice Details
D) Reconciliation Payment Details
E) Reconciliation Prepayment Application Details

4. You applied a prepayment amount of $5,000 USD to a $10,000 USD invoice. At the time of prepayment, the applicable tax rate was 5% ($250 USD); at the time of invoice creation, the tax rate is 10%. When you set up taxes, you choose to Recalculate Taxes for the Applied Amount Handling option.
How will the resulting tax be calculated?

A) The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% * 10,000-5000).
B) The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -250 USD (5% * -5000).
C) The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is retained.
D) The tax for the prepayment is recalculated to use the new invoice tax rate that is also used for the invoice line amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -500 USD (10% * -5000).

5. Which three attributes are captured during the scanning of invoice images?

A) Payment Method
B) Terms Date
C) Invoice Date
D) Invoice Number
E) PO Number

Solutions: