Oracle 1Z0-1055-23 Certification All-in-One Exam Guide Nov-2025
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NEW QUESTION # 33
You have an invoice for $200 USD and a credit memo for $225 USD. In other words, the credit amount exceeds the invoice amount. If you enable the option to apply credits up to zero amount payment, then how will the invoice and credit memo be paid?
- A. Both the invoice and the credit memo are selected and the Payment Process Request requires attention.
- B. Both the invoice and credit memo are included in the payment process request for a payment amount of $0 USD. The credit memo is partially paid with a remaining credit of $25 USD.
- C. Both the invoice and the credit memo are paid and a refund of $25 USD is created.
- D. Neither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero.
Answer: B
Explanation:
When you submit a "payment process request", you can enable the Apply credits up to zero amount payment option. Enabling the option causes the payment process to apply credits when the credits reduce the payment amount below zero.
The following scenario illustrate the impact of this option.
Credit Amount Greater Than Invoice Amount
An invoice for 200 USD and a credit memo for 225 USD are due for payment.
The following tabledescribes the payment processing that occurs based on the setting for the Apply credits up to zero amount payment option.
Assume that the "Apply Credits Up to Zero Amount" option is enabled.
Payment processing applies 200 USD of the credit memo to the invoice and creates a payment for 0 USD. The remaining credit is 25 USD.
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9F438E13CC89BA0CE040D30A68816F77
NEW QUESTION # 34
Before you can configure payment approval rules, your company must define a payment approval policy. Which three are done by the payment approval policy? (Choose three.)
- A. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.
- B. It defines when to initiate the payment approval process.
- C. It determines which payments must go through the payment approval process.
- D. It allows approvers to review payments and decide whether or not to approve a payment.
- E. It defines a list of approvers who review payments and make final payment decisions.
Answer: A,C,E
NEW QUESTION # 35
You have 10 ledgers and 30 business units and want to leverage Preference Data Sets. What is the function of Reference Data Sets?
- A. allow you to maintain sets of related data in a Data Dictionary
- B. allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup
- C. allow you to secure data by business unit
- D. allow you to assign multiple business units to users in a shared service center
Answer: B
Explanation:
Reference Data Sets
You begin this part of your implementation by creating and assigning reference data to sets. Make changes carefully as changes to a particular set affect all business units or application components using that set. You can assign a separate set to each business unit for the typeofobject that is being shared. For example, assign separate sets for payment terms, transaction types, and sales methods to your business units.
Your enterprise can determine that certain aspects of your corporate policy can affect all business units. The remaining aspects are at the discretion of the business unit manager to implement. This allows your enterprise to balance autonomy and control for each business unit. For example, your enterprise holds business unit managers accountable for their profitand loss, but manages working capital requirements at a corporate level. In such a case, you can let managers define their own sales methods, but define payment terms centrally. In this example:
Each business unit has its own reference data set for salesmethods.
One central reference data set for payment terms is assigned to all business units.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAIGL/FAIGL1493157.htm#FAIGL94314
NEW QUESTION # 36
In the Business Intelligence Publisher (BIP) report layout properties page, when you click Extract Translation, the BIP publisher extracts the translatable strings from the BIP report template and exports them into which format?
- A. .pdf (Acrobat reader file)
- B. .doc (Word file)
- C. .xlf (XLIFF file)
- D. .xls (Excel file)
Answer: A
Explanation:
BI Publisher extracts the translatable strings from the template and exports them to an XLIFF (.xlf file).
NEW QUESTION # 37
You are voiding a payment and have selected Cancel as the Invoice Action. After performing the void, you notice the invoice is not cancelled but has an Invoice Cancel hold on it.
What is reason for this?
- A. The invoice accounting date is not in the current open period.
- B. The invoice has been partially paid by another payment.
- C. The invoice is already on hold.
- D. The invoice date is not in the current open period.
Answer: B
NEW QUESTION # 38
Identify three statements that indicate the purpose of Functional Setup Manager.
- A. It automatically generates lists of setup tasks in the correct sequence with dependencies highlighted.
- B. It allows you to centrally manage the close processes across subledgers and ledgers.
- C. It provides a central place to access and perform all of the setup steps across the applications.
- D. it allows you to assign setup tasks to individuals with due dates where users must manually update their completion status.
- E. It automatically marks the completion status of tasks as Completed once they have been completed.
Answer: A,C,D
Explanation:
With Oracle Fusion Functional Setup Manager you can:
References:https://docs.oracle.com/cd/E56614_01/common_op/OAFSM/F1166427AN1007E.htm
NEW QUESTION # 39
Your client company wants to ensure that the payments they are sending to their financial institution are valid and formatted correctly. They would like to identify any validation failures as early in the process as possible.
Where would you suggest the validations are set?
- A. Payment Format
- B. Disbursement Bank Account
- C. Payment Terms
- D. Supplier Site
- E. Payment Method
Answer: D
NEW QUESTION # 40
Which three are invoice types that can be entered using the Supplier Portal? (Choose three.)
- A. Invoices that are created from the Evaluated Receipt Settlement (ERS) process
- B. Invoices that are automatically created when the supplier creates an ASN for drop shipments
- C. Non purchase order matched invoices
- D. B2B XML invoices
- E. Purchase order matched invoices
Answer: A,D,E
NEW QUESTION # 41
A company is centralizing their payment processing using the service provider model.
Which reporting level has to be used to run the Prepare Payables to General Ledger Reconciliation report?
- A. Run the Prepare Payables to General Ledger Reconciliation report at Business Unit level.
- B. Running the Prepare Payables to General Ledger Reconciliation report is NOT available when there is a centralized payment processing.
- C. Run the Prepare Payables to General Ledger Reconciliation report at Ledger level.
- D. Run the Prepare Payables to General Ledger Reconciliation report for combination of Ledger and Balancing Segment Value.
Answer: B
Explanation:
Business unit if you implemented centralized payment processing using the service provider model.
NEW QUESTION # 42
XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However, when reviewing the invoice installments for XYZ Supplier the payables specialist is unable to override the remit-to supplier name and address on the Invoice installments.
What is the reason for this?
- A. The option ,Allow remit-to supplier override for third-party payments, is not checked in the Payment Options page for the business unit.
- B. The option ,Allow remit-to supplier override for third-party payments, is not checked in the Disbursement System Options page for the business unit.
- C. The option ,Allow remit-to supplier override for third-party payments, is not checked in the Common Options for Payables and Procurement page for the business unit.
- D. The option ,Allow remit-to supplier override for third-party payments, is not checked in the Invoice Options page for the business unit.
Answer: D
NEW QUESTION # 43
Which two tools can you use to build layouts for BI Publisher reports?
- A. BI Answers
- B. Report Developer
- C. Template Builder for Word
- D. Layout Editor
- E. BI Composer
Answer: A,B
Explanation:
Oracle BI Publisher report development requires specialist developer resources to build / modify the XML layout designs.
layout editor - Helps you to easily create report layouts directly in a web browser or with familiar desktop tools, such as Microsoft Word, Microsoft Excel, or Adobe Acrobat.
NEW QUESTION # 44
Your customer has requested a modification to the payment file to meet the acceptable bank standards. The changes were based on a format of a seeded payment process profile which is already in use. The only changes made are to the field positions. What two steps can make these changes work?
- A. Copy and modify the existing template to alter the positions as requested by the bank.
- B. Oracle Data Integrator or Golden Gate can be used to map the fields as required.
- C. Create a newpayment process profile and a new format program.
- D. Create a new template to make changes as requested by the bank.
- E. Keep the payment process profile and leave the format programs unchanged.
- F. No change in the template is needed as we can achieve this using user-defined validations to move the positions as required.
Answer: C,D
NEW QUESTION # 45
What is the result of voiding a payment?
- A. A stop payment request has been initiated to the bank.
- B. The payment is no longer valid.
- C. A bills payable payment was created but is not yet matured.
- D. The payment is reconciled to the bank statement.
Answer: B
NEW QUESTION # 46
You need to have your invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage.
Which two are valid methods to achieve this?
- A. Choose the ,All Lines, option from the Allocate menu in the invoice line area.
- B. Define a payment term and assign it to the invoice.
- C. Define a distribution set and assign it manually to the invoice.
- D. Define a distribution set and assign it to the supplier.
Answer: B,D
NEW QUESTION # 47
Which data is visible to a Payables user in the Payables to General Ledger Reconciliation report?
- A. Data for authorized business units and GL data for all balancing segments in the ledger (unless restricted)
- B. Data for all business units and all balancing segments in the ledger
- C. Data for authorized business units only; no GL data is visible
- D. Data for all business units and one balancing segment in the ledger
Answer: B
Explanation:
Payables users can also see general ledger data for all balancing segment values in the ledger.
NEW QUESTION # 48
What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?
- A. The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.
- B. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.
- C. The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.
- D. The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.
Answer: B
Explanation:
Run the Payables Unaccounted Transactions Sweep program to transfer unaccounted transactions from one accounting period to another. If your accounting practices permit it, use this program to change the accounting date of the transactions to the next open period.
The program transfers unaccounted transactions to the period you specify by updating the accounting dates to the first day of the new period.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011880AN1B948.htm
NEW QUESTION # 49
You created a payment and before it is cashed by the supplier you mistakenly submitted a request to stop payment. Later you canceled the request to stop payment. What is the resulting payment status?
- A. Available
- B. Negotiable
- C. Canceled
- D. Voided
- E. Stop initiated
- F. Cleared
Answer: B
Explanation:
To release a stop on a payment:
References:https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/adjpmt04.htm
NEW QUESTION # 50
You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?
- A. Run the invoice validation program.
- B. Remove the documents or payments causing the error and resume the payment process.
- C. Run the create accounting program.
- D. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.
- E. Terminate the payment process request.
Answer: B,E
Explanation:
Using the Resolve Document Validation Errors Page, you may review the errors and takeaction. You may fix related data, such as third party payee information, and submit the documents for revalidation. You may also remove documents from the Payment Process Request, which sends the documents back to the source product with the validation failure reason, just as rejection does.
References:https://docs.oracle.com/cd/E18727_01/doc.121/e13415/T456136T484670.htm
NEW QUESTION # 51
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which actions will accomplish this?
- A. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
- B. Assign the Disbursement Bank Account to users to have the payment process default the bank account.
- C. Define the Disbursement Bank Account to every supplier.
- D. Create a Payment Process Request template that includes the Disbursement Bank Account.
- E. Define the Disbursement Bank Account to the Payment Method in payment default rules.
Answer: B,D
Explanation:
D: You can assign thedisbursement bank account and the payment process profile to all documents payable in the payment process request during the Submit Payment Process Request process. If you use a payment process request template, a disbursement bank account and a payment process profile default from the template.
DE:The following options affect payment processing:
References:https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm
NEW QUESTION # 52
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 Invoice options.
- B. Allow the remit-to supplier override for third-party payments at Manage Payment options.
- C. Allow the remit-to supplier address override for third-party payments at Manage Invoice options.
- D. Allow payee to override for third-party payments while Manage Invoice options.
Answer: C
Explanation:
(Optional) Setting the Remit-to Supplier Override Option
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAIPP/F1470346AN14ECB.htm
NEW QUESTION # 53
Which two invoice types can have a status of Incomplete?
- A. Supplier Portal Invoices which are saved but not yet submitted
- B. Supplier Portal Invoices which are rejected and resubmitted for approval
- C. Prepayment Invoices which are fully paid but not applied against any invoice
- D. Scanned Invoices with incomplete or missing information
- E. Scanned Invoices which are rejected during import
Answer: A,B
Explanation:
As a Supplier user, you can now edit and resubmit invoices that are rejected from the approval users during the invoice request approval process.
An incomplete invoice is an invoice created from an image that has invalid or missing information.
NEW QUESTION # 54
Which two statements are true about the Invoice Validation process?
- A. updates supplier balances
- B. creates tax lines and distributions
- C. creates accounting entries in draft
- D. validates project information
- E. opens the relevant accounting period
Answer: C,E
Explanation:
Invoice validations
Etc.
References: https://docs.oracle.com/cloud/farel9/financialscs_gs/FAPPP/F1011878AN100C4.htm
NEW QUESTION # 55
In what order should the import process be run when importing suppliers?
- A. Supplier, Supplier Address, Supplier Site, Supplier Site Assignments
- B. any order
- C. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
- D. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
Answer: A
Explanation:
The following programs are used to import supplier information:
When importing supplier records containing data in each table, then Suppliers must be run first, followed by the Supplier Sites import process. Once the data is inserted, the following concurrent processes must be run to create the information in Oracle Fusion Suppliers.
Suppliers Import Process
Supplier Sites Import Process
Supplier Site Contacts Import Process
Supplier Site Assignments Process
References:https://docs.oracle.com/cd/E56614_01/procurementop_gs/OAPRC/F1007476AN1079E.htm
NEW QUESTION # 56
What does the Place of Supply rule value "Bill to Party" imply in an Oracle Payables Invoice?
- A. Location assigned to the Legal Entity Reporting Unit for the transactions
- B. Location assigned to the Supplier Party Site for the transactions
- C. Location assigned to the Business Unit for the transactions
- D. Location assigned to the Legal Entity for the transactions
Answer: A
Explanation:
The corresponding place of supply differs based on the type of transaction. For example, a place of supply of Ship to corresponds to the location of your first-party legal entity for Payables transactions. For Receivables transactions, Ship to corresponds to the location of your customer site.
NEW QUESTION # 57
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