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Oracle 1Z0-1055-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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 2

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 3

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.

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 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.

Oracle Financials Cloud: Payables 2024 Implementation Professional Sample Questions (Q46-Q51):

NEW QUESTION # 46
As an Expenses Administrator, you can control which expense values you do not want to automatically populate on the Create Expense Item page. You have therefore created the profile option EXM_DFLT_FROM_PREV_EXPENSE at the user level and set it to N (No).
Which three values will no longer populate from a previous expense item when a user enters a new expense item?

A. Expense Location
B. Currency
C. Project and Task Number
D. Template

Answer: A,C,D

Explanation:
Comprehensive and Detailed In-Depth Explanation:
In Oracle Expenses, the profile option EXM_DFLT_FROM_PREV_EXPENSE determines whether certain fields on the Create Expense Item page are automatically populated with values from the previously entered expense item.
By default, when this profile option is set to 'Y' (Yes), the application carries over several fields from the last entered expense item to streamline data entry. These fields include:
Date
Template
Expense Location
Currency (both ledger and reimbursement currency)
Company and Department
Project Number and Task Number
However, when the profile option is set to 'N' (No) at the user level, the system stops carrying over certain fields from the previous expense item.
Fields That Will No Longer Auto-Populate:
Expense Location - Users must manually enter the expense location for each new entry.
Template - Expense templates (if used) will not be pre-filled from the previous expense item.
Project and Task Number - Users must reselect the project and task number for each new expense entry.
Fields That Will Still Populate With Defaults:
Currency - Defaults to the ledger currency as configured in Human Capital Management (HCM).
Company and Department - These values will be retrieved from the user's default expense account setup in HCM.
Thus, the correct answer is: A, B, D because the Expense Location, Template, and Project & Task Number will no longer populate from a previous expense item when a user enters a new one.
Reference:
Oracle Financials Cloud: Implementing Expenses

NEW QUESTION # 47
Which three are valid reasons why you cannot close your Payables period?

A. Incomplete payment files
B. Unapplied prepayments
C. Bills payable requiring maturity
D. Unaccounted invoices and payments
E. Suppliers on payment holds

Answer: A,C,D

Explanation:
Comprehensive and Detailed In-Depth Explanation:
Closing a Payables period in Oracle Financials Cloud requires that all transactions for the period are fully processed and accounted for. The system enforces certain checks to ensure data integrity and accurate financial reporting. The following are valid reasons that can prevent the closure of a Payables period:
Incomplete Payment Files (Option B):
Suppliers on Payment Holds (Option E):
In summary, to successfully close a Payables period, ensure that all payment files are complete, bills payable are matured and accounted for, and all invoices and payments are fully processed and posted.
Reference:
Bills Payable Requiring Maturity (Option C):
Unaccounted Invoices and Payments (Option D):
Options A and E are not valid reasons for preventing period closure:
Unapplied Prepayments (Option A):

NEW QUESTION # 48
In the implementation project you are leading, the customer has a requirement to add new transactional attributes to the Expense Approver Report workflow notification. Which two Business Intelligence catalog objects should you copy (or customize) and edit?

A. The layout template
B. The Output types
C. The Data Model
D. The Original Source

Answer: A,C

Explanation:
Comprehensive and Detailed In-Depth Explanation:
To incorporate new transactional attributes into the Expense Approver Report workflow notification in Oracle Financials Cloud, you need to customize specific Business Intelligence Publisher (BI Publisher) catalog objects. The two primary objects that require customization are:
* The Data Model (Option B):
* Purpose: The Data Model defines the data structure and sources for the report. It determines which attributes from the application's data sources are available for inclusion in the report.
* Customization Process:
* Navigate to the BI Catalog: Shared Folders > Financials > Workflow Notifications > Expenses.
* Locate the Expense Approval Data Model.
* Use the Customize option to create a copy of the data model in the Custom folder.
* Edit the copied data model to include the new transactional attributes required for the notification.
Reference: Overview of Financials Configurable Workflow Notifications
The Layout Template (Option A):
Purpose: The Layout Template defines the visual presentation of the notification, including which data fields are displayed and their formatting.
Customization Process:
In the same BI Catalog location, find the Expense Report Approval report.
Use the Customize option to create a copy of the report layout template in the Custom folder.
Download the copied layout template (an .rtf file) and open it using Microsoft Word with the BI Publisher Template Builder add-in.
Insert the new transactional attributes into the template as needed.
Upload the modified template back to the BI Catalog and set it as the default layout.
Reference: Example of Modifying Expenses Email Notifications Using Oracle Analytics Publisher By customizing both the Data Model and the Layout Template, you ensure that the new transactional attributes are not only retrieved from the data source but also properly displayed in the workflow notification.
Note: Options C (The Original Source) and D (The Output types) are not directly involved in the process of adding new attributes to the workflow notification and therefore are not relevant to this requirement.

NEW QUESTION # 49
Adaptive Intelligence (AI), integrated with Oracle Payables Cloud, supports sophisticated data science that drives early payment discount offers.
Which of these is NOT a feature of early payment discounts?

A. The earlier the payment, the greater the discount.
B. Variable annual percentage rate (APR), based on "days paid early," is used to determine the discount amount.
C. Eligible discounts decrease on a sliding scale based on the supplier's discretion.

Answer: C

NEW QUESTION # 50
As an Oracle Payables Subject Matter Expert, you are familiarizing yourself with Intelligent Document Recognition (IDR). After detailed review, you consider Adaptive Learning one of the most beneficial features of IDR. Adaptive learning increases the accuracy of invoice scanning and improves touchless processing.
When users make corrections in the interactive viewer, each invoice edit trains the algorithms and improves future recognition.
Which is NOT a key consideration for Adaptive Learning?

A. Adaptive Learning for Routing Attributes
B. Bill-To Recognition from Invoice Document
C. Legal Entity Recognition from Invoice Document
D. Adaptive Learning for Invoice Lines
E. Sharing Adaptive Learning Between Environments

Answer: B

NEW QUESTION # 51
......

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