Oracle Financials Cloud: Payables 2024 Implementation Professional (1Z0-1055-24) Free Practice Test
Question 1
You are a global process owner at a large company that handles a heavy amount of expenses due to travel and entertainment reimbursements. Employees want to have a streamlined expense reimbursement process because they spend a lot of time submitting their expense reports. You are very excited to introduce them to Oracle's functionality allowing them to create expenses directly from emails that a user forwards with receipt attachments.
Which two options can you set the Expense Attachment Preference to, when configuring this functionality in the application?
Which two options can you set the Expense Attachment Preference to, when configuring this functionality in the application?
Correct Answer: A,E
Question 2
You recently processed a payment for a vendor and later discovered that the payment was made in error and needs to be voided. While voiding the payment, you selected Cancel as the Invoice Action. After performing the invoice voiding, you notice that the invoice is not cancelled; instead, it has an Invoice Cancel hold applied to it.
What is the reason for this?
What is the reason for this?
Correct Answer: B
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Question 3
Your cloud customer wants to use AI to automate key processes in Payables. You are tasked with setting up the required roles for AI apps.
When you create the user-defined AIAPPS_BIP_ROLE, which two role hierarchies should you add?
When you create the user-defined AIAPPS_BIP_ROLE, which two role hierarchies should you add?
Correct Answer: C,E
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Question 4
Your company will be utilizing the Campaign Management for Early Payment Discount Offers feature to maximize early payment discounts. This feature allows companies to send email-based campaigns offering suppliers the opportunity to enroll in an early payment discounts program. There is a predefined list of response options that suppliers can choose from, and such supplier responses are then automatically processed and applied in the system.
Which two are predefined response options available to suppliers?
Which two are predefined response options available to suppliers?
Correct Answer: C,D
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Question 5
You have assisted your customer with the implementation of Oracle Intelligent document Recognition (IDR).
They want to track the accuracy of the invoice line recognition for invoices processed by IDR. You introduce them to the invoice documents recognition rate report to obtain the invoice line recognition details.
In which three formats is this report available?
They want to track the accuracy of the invoice line recognition for invoices processed by IDR. You introduce them to the invoice documents recognition rate report to obtain the invoice line recognition details.
In which three formats is this report available?
Correct Answer: B,C,F
Question 6
You learn that you can create action links to drill down from an Oracle Transactional Business Intelligence (OTBI) report to as specific transaction. You decide to test it out when running the payables to ledger reconciliation" Report When you click a specific balance, it directs you to Oracle Payables application where you can view the transactional details about the balance.
What information can you view when using the action link in the "Payables to ledger reconciliation" Report.
What information can you view when using the action link in the "Payables to ledger reconciliation" Report.
Correct Answer: C