CERTIFICATION 1Z0-1055-24 TORRENT | 1Z0-1055-24 PREPARATION

Certification 1Z0-1055-24 Torrent | 1Z0-1055-24 Preparation

Certification 1Z0-1055-24 Torrent | 1Z0-1055-24 Preparation

Blog Article

Tags: Certification 1Z0-1055-24 Torrent, 1Z0-1055-24 Preparation, Exam 1Z0-1055-24 Labs, 1Z0-1055-24 Online Lab Simulation, 1Z0-1055-24 Test Dumps Free

The Oracle 1Z0-1055-24 Exam registration fee varies between 100 usd and 1000 usd, and a candidate cannot risk wasting his time and money, thus we ensure your success if you study from the updated Oracle 1Z0-1055-24 practice material. We offer the demo version of the actual Oracle 1Z0-1055-24 questions so that you may confirm the validity of the product before actually buying it, preventing any sort of regret.

Oracle 1Z0-1055-24 Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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 2
  • 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 3
  • 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 4
  • 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 5
  • Using AI Capabilities in Payables: This section measures the skills of AI Implementation Specialists in leveraging AI within Oracle Payables1. It covers understanding how to leverage Oracle’s pervasive AI approach in Oracle Cloud Applications, describing the integration and application of AI within the Oracle ERP ecosystem, and using AI to automate intelligent account combination defaulting1. These skills ensure the effective utilization of AI to improve efficiency and accuracy in payables processes.

>> Certification 1Z0-1055-24 Torrent <<

Pass-sure 1Z0-1055-24 Practice Materials - 1Z0-1055-24 Real Test Prep - Exam4Labs

There have been tens of thousands of our loyal customers who chose to buy our 1Z0-1055-24 exam quetions and get their certification. These people have already had a good job opportunity and are running on their way to fulfilling their dreams after using 1Z0-1055-24 practice quiz! Want to be like them, you must also act! Time and tide wait for no man. And you can free download the demos of the 1Z0-1055-24 study guide, you can have a try before purchase.

Oracle Financials Cloud: Payables 2024 Implementation Professional Sample Questions (Q54-Q59):

NEW QUESTION # 54
While creating the setup for employee bank accounts, you have the profile option CE_USE_EXISTING_BANK_BRANCH set to Yes.
What can the users now search for by default?

  • A. Bank and Bank Branch
  • B. Bank Branch only
  • C. Bank Branch identifier

Answer: A

Explanation:
Comprehensive and Detailed In-Depth Explanation:
The profile option CE_USE_EXISTING_BANK_BRANCH in Oracle Financials Cloud controls whether users can select from pre-existing banks and branches or enter new bank information manually when setting up employee bank accounts.
* When set to Yes:
* Behavior: Users are provided with a list of predefined banks and branches to select from. This ensures consistency in bank data and reduces errors associated with manual entry.
* Default Search Capability: Users can search and select both Bank and Bank Branch from the existing list.
Reference: Bank Info for Personal Payment Methods
When set to No:
Behavior: The system allows users to manually enter bank and branch details as free text, without relying on predefined lists.
Default Search Capability: Since there are no predefined lists, users do not have search options and must input all bank information manually.
Reference: Bank Info for Personal Payment Methods
Therefore, with the profile option CE_USE_EXISTING_BANK_BRANCH set to Yes, users can search for and select both the Bank and Bank Branch from the predefined options, ensuring accurate and standardized bank account setups.


NEW QUESTION # 55
You have enabled Payment Approval for your Payment Process Requests (PPR). At what stage of the PPR is the payment approval process automatically triggered?

  • A. Build Payments
  • B. Review Proposed Payments
  • C. Create Payment Files
  • D. Review Installments

Answer: B

Explanation:
Comprehensive and Detailed In-Depth Explanation:
In Oracle Financials Cloud, the Payment Process Request (PPR) undergoes several stages, each with specific functions and potential user interventions. When Payment Approval is enabled, the system incorporates an approval workflow to ensure that payments are reviewed and authorized before disbursement.
Stages of Payment Process Request:
* Installment Selection:
* Description: The system selects invoice installments based on predefined criteria such as due dates, payment methods, and supplier information.
* User Action: Optional review if the "Review Installments" option is selected.
* Document Validation:
* Description: Validates the selected installments for completeness and correctness, ensuring all necessary information is present.
* User Action: Required if there are validation errors or missing information.
* Build Payments:
* Description: Groups validated installments into payments based on attributes like payment date, disbursement bank account, and payment method.
* User Action: None, this is an automated process.
* Review Proposed Payments:
* Description: Allows users to review and, if necessary, modify the proposed payments before finalizing them.
* User Action: Required if the "Review Proposed Payments" option is selected.
* Payment Approval:
* Description: If enabled, this stage involves routing the proposed payments to designated approvers for authorization before disbursement.
* User Action: Approvers must review and approve or reject the payments.
* Create Payment Files:
* Description: Generates the necessary payment files for disbursement, such as electronic funds transfer (EFT) files or check print files.
* User Action: None, unless issues arise during file creation.
Trigger Point for Payment Approval:
The Payment Approval process is automatically triggered at the Review Proposed Payments stage. At this point, the system pauses to allow approvers to review the proposed payments and make decisions regarding their authorization. This control mechanism ensures that all payments are vetted before funds are disbursed, aligning with organizational policies and financial controls.
According to Oracle's documentation:
"If enabled, the payment process stops at the Review Proposed Payments stage. Approvers can then optionally remove payments directly from a payment process request and approve it." docs.oracle.com Analysis of Options:
* A. Review Proposed Payments: Correct. This is the stage where the payment approval process is triggered, allowing approvers to review and authorize payments.
* B. Create Payment Files: Incorrect. This stage occurs after payment approval and involves generating the actual payment files for disbursement.
* C. Review Installments: Incorrect. This is an earlier stage where selected installments are reviewed before payments are built, but it does not involve the payment approval workflow.
* D. Build Payments: Incorrect. This stage involves grouping validated installments into payments and occurs before the Review Proposed Payments stage.
Conclusion:
Enabling Payment Approval in Oracle Financials Cloud introduces a critical control point at the Review Proposed Payments stage of the Payment Process Request. This setup ensures that all proposed payments undergo managerial review and authorization before the creation of payment files and the actual disbursement of funds. Implementing this approval process helps maintain robust financial oversight and compliance within the organization's payment workflows.
Reference:
Oracle Financials Cloud Documentation - How You Set Up Payment Approvalhttps://docs.oracle.com/en
/cloud/saas/financials/24d/faipp/how-you-set-up-payment-approval.html


NEW QUESTION # 56
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 Data Model
  • C. The Original Source
  • D. The Output types

Answer: A,B

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 # 57
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 yet due.
  • C. The invoice is not accounted.
  • D. The invoice is not validated.

Answer: A,D

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 # 58
While creating the setup for employee bank accounts, you have the profile option CE_USE_EXISTING_BANK_BRANCH set to Yes.
What can the users now search for by default?

  • A. Bank and Bank Branch
  • B. Bank Branch only
  • C. Bank Branch identifier

Answer: A

Explanation:
Comprehensive and Detailed In-Depth Explanation:
The profile option CE_USE_EXISTING_BANK_BRANCH in Oracle Financials Cloud controls whether users can select from pre-existing banks and branches or enter new bank information manually when setting up employee bank accounts.
When set to Yes:
Behavior: Users are provided with a list of predefined banks and branches to select from. This ensures consistency in bank data and reduces errors associated with manual entry.
Default Search Capability: Users can search and select both Bank and Bank Branch from the existing list.
Reference:
When set to No:
Behavior: The system allows users to manually enter bank and branch details as free text, without relying on predefined lists.
Default Search Capability: Since there are no predefined lists, users do not have search options and must input all bank information manually.
Therefore, with the profile option CE_USE_EXISTING_BANK_BRANCH set to Yes, users can search for and select both the Bank and Bank Branch from the predefined options, ensuring accurate and standardized bank account setups.


NEW QUESTION # 59
......

To advance your career, take the Oracle Financials Cloud: Payables 2024 Implementation Professional exam. Your Oracle Financials Cloud: Payables 2024 Implementation Professional demonstrates your commitment to lifelong learning. Passing the Oracle Financials Cloud: Payables 2024 Implementation Professional exam in one sitting is not a walk in the park. The Oracle 1Z0-1055-24 exam preparation process takes a lot of time and effort. You have to put time and money into passing the Oracle Financials Cloud: Payables 2024 Implementation Professional exam. The best method to reap the rewards of your investment in becoming an Oracle Horizon & Oracle is by using Oracle 1Z0-1055-24 Exam Questions. Additionally, you can confidently study for the 1Z0-1055-24 exam.

1Z0-1055-24 Preparation: https://www.exam4labs.com/1Z0-1055-24-practice-torrent.html

Report this page