Free PDF Oracle - 1Z0-1055-24–The Best Latest Practice Materials

Blog Article

Tags: Latest 1Z0-1055-24 Practice Materials, 1Z0-1055-24 Download Free Dumps, Exam 1Z0-1055-24 Details, 1Z0-1055-24 Certification Torrent, Reliable 1Z0-1055-24 Test Review

For candidates who are going to attend the exam, passing the exam is important. 1Z0-1055-24 exam torrent of us will help you pass the exam successfully. With experienced experts to compile, 1Z0-1055-24 exam dumps are high quality, and they also cover most knowledge points of the exam, therefore you master the key points of the exam. In addition, 1Z0-1055-24 Exam Dumps of us will help you pass the exam just one time, if you can’t pass the exam during your first attempt, we will give you a full refund. We have online chat service stuff to answer all your questions about the 1Z0-1055-24 exam torrent, if you have any questions, just consult us.

Test4Sure is a leading platform that is committed to preparing the Oracle 1Z0-1055-24 certification exam candidates in a short time period. These Oracle 1Z0-1055-24 exam dumps are designed and verified by experienced and certified exam trainers. They put all their efforts to maintain the top standard of Oracle 1Z0-1055-24 Exam Questions all the time. latest real exam and exam questions offerred by Test4Sure, with free updates for 365 days.

>> Latest 1Z0-1055-24 Practice Materials <<

Free PDF Perfect Oracle - 1Z0-1055-24 - Latest Oracle Financials Cloud: Payables 2024 Implementation Professional Practice Materials

To do this you just need to pass the Oracle 1Z0-1055-24 certification exam. Are you ready to accept this challenge? Looking for the proven and easiest way to crack the Oracle 1Z0-1055-24 certification exam? If your answer is yes then you do not need to go anywhere. Just download 1Z0-1055-24 exam practice questions and start Oracle Financials Cloud: Payables 2024 Implementation Professional (1Z0-1055-24) exam preparation without wasting further time. The Test4Sure Oracle 1Z0-1055-24 Dumps will provide you with everything that you need to learn, prepare and pass the challenging 1Z0-1055-24 exam with flying colors. You must try Test4Sure Oracle 1Z0-1055-24 exam questions today.

Oracle 1Z0-1055-24 Exam Syllabus Topics:

Topic	Details
Topic 1	Managing Payables Invoices: This section measures the skills of Accounts Payable Administrators and explains invoice imaging and recognition solutions, creating and accounting for invoices, and managing suppliers within Oracle Financials Cloud156. These skills are fundamental for efficiently handling invoice processing and supplier relationships.
Topic 2	Processing Expenses: This section evaluates the capabilities of Auditors in managing expense-related tasks156. It covers entering expense reports, managing expense approvals, processing expense reimbursements, managing corporate cards, auditing expense reports, and setting up expenses within the system. These skills ensure compliance with expense policies and accurate reimbursement processes.
Topic 3	Using Reporting and Managing Period Close: This section measures the understanding of Financial Analysts in utilizing reporting tools and managing period-end activities1. It includes explaining Oracle Transactional Business Intelligence (OTBI), using Business Intelligence Publisher (BIP) Reports, using the Payables to Ledger Reconciliation Report, and explaining the close process1. These skills are essential for monitoring financial performance and ensuring accurate period-end closing.
Topic 4	Configuring Payables and Payments: This section assesses the skills of Implementation Consultants in configuring payables and payments within Oracle Financials Cloud156. It covers managing withholding and transaction taxes, configuring payables and payments, managing business units, managing sub-ledger accounting, and managing invoice and payment approvals1. These skills are vital for setting up and customizing the system to meet specific business requirements.
Topic 5	Processing Payments: This section assesses the skills of Process Owners and focuses on creating and processing payments, along with explaining bank reconciliations within Oracle Financials Cloud156. Proficiency in these areas ensures accurate and timely payment processing, along with reconciliation for financial accuracy.

Oracle Financials Cloud: Payables 2024 Implementation Professional Sample Questions (Q20-Q25):

NEW QUESTION # 20
You need to issue an off-cycle, single payment for a supplier before the next scheduled payment run. The invoice you need to pay has been uploaded into the system, yet it is not available for selection on the Create Payment page.
Select two potential reasons for this:

A. The payment supplier site you selected is different from the supplier site on the invoice.
B. The invoice is not validated.
C. The invoice is not yet due.
D. The invoice is not accounted.

Answer: A,B

Explanation:
Comprehensive and Detailed In-Depth Explanation:
For an invoice to be available for payment processing in Oracle Payables, it must meet specific criteria. If an invoice is missing from the Create Payment page, the following could be the reasons:
The Invoice is Not Validated (Option A):
Resolution: Run the Invoice Validation process to validate the invoice. Once validated, it will appear in the Create Payment page for selection.
Resolution: Ensure that the supplier site selected on the Create Payment page matches the supplier site associated with the invoice.
Reference:
The Payment Supplier Site Selected Differs from the Supplier Site on the Invoice (Option C):
Options B and D Analysis:
The Invoice is Not Yet Due (Option B):
While an invoice's due date impacts its eligibility for automatic payment processing (such as Payment Process Requests), it does not prevent an invoice from being selected manually for an off-cycle, single payment.
Verdict: Not a valid reason for invoice non-selection.
The Invoice is Not Accounted (Option D):
An invoice does not need to be accounted before payment; payment can be processed first, and accounting entries can be created afterward.
Verdict: Not a valid reason for invoice non-selection.
Thus, the correct answers are A. The invoice is not validated and C. The supplier site on the invoice does not match the supplier site selected during payment creation.

NEW QUESTION # 21
Which two invoice types can have a status of Incomplete?

A. Scanned Invoices with invalid or missing data
B. Scanned Invoices which are rejected during import
C. Prepayment Invoices which are fully paid but not applied against any invoice
D. Supplier Portal Invoices which are saved but not yet submitted

Answer: A,D

Explanation:
Comprehensive and Detailed In-Depth Explanation:
In Oracle Financials Cloud, the "Incomplete" status is assigned to invoices that require additional information or actions before they can be fully processed. This status ensures that incomplete or erroneous invoices are identified and addressed promptly.
A: Supplier Portal Invoices which are saved but not yet submitted
When suppliers create invoices through the Supplier Portal, they have the option to save their progress without submitting the invoice for approval or payment. These saved invoices are assigned an "Incomplete" status, indicating that the supplier has not yet finalized and submitted them. This allows suppliers to review and modify invoice details before formal submission.
support.oracle.com
B: Scanned Invoices with invalid or missing data
Invoices processed through Integrated Imaging or Intelligent Document Recognition (IDR) are scanned and imported into the system. If these scanned invoices contain invalid or missing data-such as incorrect invoice numbers, missing line items, or unreadable fields-they are assigned an "Incomplete" status. This designation prompts accounts payable personnel to review and correct the discrepancies before the invoices can proceed through the payment process.
docs.oracle.com
C: Scanned Invoices which are rejected during import
Invoices that are rejected during the import process due to significant errors or mismatches are typically not assigned an "Incomplete" status. Instead, they are marked as "Rejected" or "Error," indicating that they require substantial correction before reprocessing. Therefore, this option is not associated with the
"Incomplete" status.
D: Prepayment Invoices which are fully paid but not applied against any invoice Prepayment invoices represent advance payments made to suppliers and are recorded as such. Once a prepayment is made, the invoice reflects a "Paid" status. The application of this prepayment to subsequent invoices is a separate process and does not revert the original prepayment invoice to an "Incomplete" status.
Thus, this option does not correspond to the "Incomplete" status.
Understanding the scenarios that lead to an "Incomplete" status helps organizations efficiently manage and rectify invoice issues, ensuring a smooth accounts payable workflow.

NEW QUESTION # 22
Oracle Cloud currently offers two invoice scanning solutions: Integrated Imaging and Intelligent Document Recognition (IDR). Both solutions function similarly.
In which two ways do these invoice scanning solutions operate in the cloud?

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

Answer: B,C

Explanation:
Comprehensive and Detailed In-Depth Explanation:
Oracle Cloud's Integrated Imaging and Intelligent Document Recognition (IDR) solutions streamline the processing of supplier invoices by automating data extraction and invoice creation. These solutions support multiple methods for capturing and importing invoice images into the cloud system.
A: Customers scan the invoice on-premises and email the images.
Organizations that receive paper invoices can digitize them by scanning the documents on-premises. Once scanned, these images are emailed to a designated address provided by Oracle Cloud. The Integrated Imaging or IDR system retrieves these images from the email inbox, processes them to extract relevant data, and automatically creates invoices within the Payables module. This method ensures that paper-based invoices are efficiently integrated into the cloud system without manual data entry.
docs.oracle.com
C: Customers ask their suppliers to scan and email the invoice.
To enhance efficiency, customers can request that their suppliers scan physical invoices and send the digital images directly via email. These emailed invoice images are received by the designated email account associated with the customer's Oracle Cloud instance. The Integrated Imaging or IDR solutions then process these images, extracting the necessary invoice data and creating corresponding entries in the Payables system.
This approach reduces processing time and minimizes potential errors associated with manual data entry.
docs.oracle.com
B: Customers ask suppliers to send electronic invoices.
While encouraging suppliers to send electronic invoices (such as XML or EDI formats) is a best practice for streamlining invoice processing, this method does not involve the Integrated Imaging or IDR solutions, which are specifically designed for processing scanned invoice images. Electronic invoices are typically processed through different channels within Oracle Cloud, such as the Supplier Portal or electronic data interchange systems.
blogs.infosys.com
D: Customers scan and store the invoice images on-premises and attach them during invoice entry.
In this scenario, customers manually scan and store invoice images on their local systems and then attach these images during manual invoice entry into the Oracle Cloud Payables module. This process does not utilize the automated capabilities of the Integrated Imaging or IDR solutions, which are designed to handle the import, recognition, and processing of invoice images sent via email.
docs.oracle.com
E: Customers cannot use invoice imaging in the Cloud.
This statement is incorrect. Oracle Cloud provides robust invoice imaging solutions, namely Integrated Imaging and Intelligent Document Recognition, enabling customers to process scanned invoices efficiently within the cloud environment.
docs.oracle.com
By leveraging these solutions, organizations can automate the extraction of invoice data from scanned images, reduce manual intervention, and improve the accuracy and efficiency of their accounts payable processes.

NEW QUESTION # 23
Which reference data sharing method can you use for Payables Payment Terms when working with reference data sets in Payables?

A. Assignment to multiple sets; no common values allowed
B. Assignment to one set only; no common values allowed
C. Assignment to multiple sets with common values allowed

Answer: A

Explanation:
Comprehensive and Detailed In-Depth Explanation:
In Oracle Fusion Applications, reference data sharing (also known as SetID) enables organizations to share common configuration data across various organizational units, such as business units, without unnecessary duplication. This approach streamlines maintenance and ensures consistency of reference data across the enterprise.
Payment Terms in Oracle Payables define the conditions under which a company pays its suppliers. These terms can vary between business units based on factors like regional practices or supplier agreements. To accommodate this variability, Oracle Payables employs a specific reference data sharing method for Payment Terms.
Reference Data Sharing Methods:
* Assignment to One Set Only; No Common Values Allowed:
* Each reference data object instance is assigned to a single set exclusively.
* No sharing of values across multiple sets.
* Example: Asset Prorate Conventions are defined and assigned to only one reference data set.
* Assignment to One Set Only, with Common Values:
* Reference data objects can be assigned to one set, but there's a common set whose values are accessible to all business units.
* Example: Receivables Transaction Types are assigned to a common set that's available to all business units.
* Assignment to Multiple Sets; No Common Values Allowed:
* A reference data object instance can be assigned to multiple sets.
* There's no common set; each set operates independently.
* Example: Payables Payment Terms use this method, allowing each payment term to be assigned to one or more sets.
For Payables Payment Terms, the applicable method is "Assignment to multiple sets; no common values allowed." This means that each payment term can be associated with one or more reference data sets, but there's no overarching common set that includes all payment terms. This flexibility allows organizations to define payment terms specific to certain business units while also sharing others across multiple units as needed.
Practical Application:
* Shared Payment Terms: If multiple business units operate under similar payment conditions, a single payment term (e.g., "Net 30") can be assigned to multiple reference data sets corresponding to those units.
* Specific Payment Terms: For unique business units with distinct payment agreements, specific payment terms (e.g., "Net 15") can be created and assigned exclusively to the relevant reference data set.
This approach ensures that each business unit has access to the payment terms relevant to its operations without unnecessary proliferation of identical terms across the system.
References:
* Reference Data Sets and Sharing Methods
* Payment Terms

NEW QUESTION # 24
An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected for payment processing.
What are the two reasons for this?

A. The invoice requires approval.
B. The pay-through date is in a future period.
C. The pay-through date is in a closed Payables period.
D. The invoice needs re-validation.
E. The invoice has not been accounted.

Answer: A,D

Explanation:
Comprehensive and Detailed In-Depth Explanation:
In Oracle Financials Cloud, even when an installment meets the selection criteria of a Payment Process Request (PPR), certain conditions can prevent it from being selected for payment processing. Understanding these conditions is crucial for troubleshooting and ensuring a smooth payment workflow.
Analysis of Each Option:
A . The pay-through date is in a future period.
B . The pay-through date is in a closed Payables period.
C . The invoice needs re-validation.
docs.oracle.com
D . The invoice requires approval.
docs.oracle.com
E . The invoice has not been accounted.
Conclusion:
The two primary reasons an installment, despite meeting selection criteria, might not be selected for payment processing are:
C . The invoice needs re-validation.
D . The invoice requires approval.
Ensuring that all invoices are validated and approved is essential for their inclusion in payment processing.
Reference:
Oracle Financials Cloud Documentation - Why didn't an installment get selected for payment?
https://docs.oracle.com/en/cloud/saas/financials/24d/fappp/why-didn-t-an-installment-get-selected-for-payment.html Oracle Financials Cloud Documentation - Why didn't an installment get selected for payment?
https://docs.oracle.com/en/cloud/saas/financials/24d/fappp/why-didn-t-an-installment-get-selected-for-payment.html

NEW QUESTION # 25
......

Our 1Z0-1055-24 exam questions are unlike other study materials that are available on the market, 1Z0-1055-24 guide quiz specially proposed different versions to allow you to learn not only on paper, but also to use mobile phones to learn. And if you buy the value pack, you have all of the three versions, the price is quite preferential and you can enjoy all of the study experiences. This means you can 1Z0-1055-24 Practice Engine anytime and anyplace for the convenience these three versions bring.

1Z0-1055-24 Download Free Dumps: https://www.test4sure.com/1Z0-1055-24-pass4sure-vce.html

Report this page

FREE PDF ORACLE - 1Z0-1055-24–THE BEST LATEST PRACTICE MATERIALS

Free PDF Oracle - 1Z0-1055-24–The Best Latest Practice Materials