STUDY MATERIAL FOR ORACLE 1Z0-1055-23 EXAM QUESTIONS

Study Material For Oracle 1Z0-1055-23 Exam Questions

Study Material For Oracle 1Z0-1055-23 Exam Questions

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Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions (Q103-Q108):

NEW QUESTION # 103
Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation.

  • A. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.
  • B. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
  • C. Allow bank accounts to be accessed by all roles and users because the default value to secure a bank account by users and roles is No.
  • D. Business units must be granted access to the bank account.
  • E. Do not assign bank accounts to business units.

Answer: B,D

Explanation:
Account Access
Payables and Receivables account access is secured by business unit. In addition to selecting theappropriate application use or uses, one or more business units must be granted access before the bank account can be used by Payables and Receivables. Only business units that use the same ledger as the bank accounts owning legal entity can be assigned access.


NEW QUESTION # 104
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. Payment Method
  • C. Payment Terms
  • D. Disbursement Bank Account
  • E. Supplier Site

Answer: E


NEW QUESTION # 105
What two job roles are required to access information within Functional Setup Manager?

  • A. Functional Setup Manager Superuser
  • B. Application Implementation Consultant
  • C. IT Security Manager
  • D. Any Functional User
  • E. Application Implementation Manager

Answer: A,E

Explanation:
Provision the implementation user with the Application Implementation Manager job role or the Application Implementation Consultant job role by usingthe Security Console Users tab.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004385.htm


NEW QUESTION # 106
Which job role has full access to perform all Functional Setup Manager related activities?

  • A. Application System Administrator
  • B. IT Security Manager
  • C. Any Functional User
  • D. Functional Setup Manager Superuser
  • E. Application Implementation Consultant

Answer: E


NEW QUESTION # 107
In what order should the import process be run when importing suppliers?

  • A. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
  • B. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
  • C. any order
  • D. Supplier, Supplier Address, Supplier Site, Supplier Site Assignments

Answer: D

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 # 108
......

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Besides, their functions are approximately same.

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