PASS GUARANTEED 2025 ORACLE 1Z0-1055-24: ORACLE FINANCIALS CLOUD: PAYABLES 2024 IMPLEMENTATION PROFESSIONAL NEWEST RELIABLE EXAM SIMS

Pass Guaranteed 2025 Oracle 1Z0-1055-24: Oracle Financials Cloud: Payables 2024 Implementation Professional Newest Reliable Exam Sims

Pass Guaranteed 2025 Oracle 1Z0-1055-24: Oracle Financials Cloud: Payables 2024 Implementation Professional Newest Reliable Exam Sims

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Oracle 1Z0-1055-24 Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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 2
  • 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.
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 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.

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Oracle Financials Cloud: Payables 2024 Implementation Professional Sample Questions (Q50-Q55):

NEW QUESTION # 50
You participated as a functional consultant in the implementation of Oracle Procurement as well as Payables for customer ABC Consulting. A Payables Analyst has logged a ticket stating that the "Create Supplier" task is not showing up in the Supplier work are a. You checked the related settings and found that the Payables Analyst user account has been defined as a Procurement Agent.
Why was the Payables Analyst NOT able to see the "Create Supplier" task in the Supplier work area?

  • A. The analyst was not given the Procurement Administrator role.
  • B. The analyst was not given the Supplier Administrator role.
  • C. The analyst was not given the Supplier Manager role.
  • D. The analyst was not given the Procurement Requester role.

Answer: C

Explanation:
Comprehensive and Detailed In-Depth Explanation:
In Oracle Fusion Applications, access to specific tasks and functionalities is governed by the roles assigned to a user. The "Create Supplier" task within the Supplier work area is a critical function that allows authorized users to add new suppliers to the system. To access this task, a user must possess the appropriate roles that grant the necessary permissions.
A . The analyst was not given the Procurement Administrator role.
The Procurement Administrator role encompasses a broad range of procurement-related activities, including configuration and oversight functions. However, the ability to create suppliers is not inherently included within this role's permissions. Therefore, assigning the Procurement Administrator role alone would not grant access to the "Create Supplier" task.
B . The analyst was not given the Supplier Manager role.
The Supplier Manager role is specifically designed to manage supplier-related activities, including the creation and maintenance of supplier records. Assigning this role to a user provides them with the necessary permissions to access the "Create Supplier" task within the Supplier work area. In the scenario described, the absence of the Supplier Manager role is the reason the Payables Analyst cannot see the "Create Supplier" task. This is corroborated by Oracle's documentation, which states that users require the Supplier Manager role to create suppliers.
support.oracle.com
C . The analyst was not given the Supplier Administrator role.
While the Supplier Administrator role grants access to certain supplier-related functions, it does not include the permissions necessary to create new suppliers. Users with only the Supplier Administrator role may have visibility into supplier information but lack the capability to add new supplier records. Therefore, the absence of this role is not the cause of the issue.
D . The analyst was not given the Procurement Requester role.
The Procurement Requester role is intended for users who initiate purchase requisitions and related procurement activities. This role does not encompass supplier creation capabilities. Assigning the Procurement Requester role would not grant access to the "Create Supplier" task, and its absence is not related to the issue at hand.
In summary, to enable the Payables Analyst to access the "Create Supplier" task, the Supplier Manager role must be assigned to their user account. This role provides the necessary permissions to create and manage supplier records within the Oracle Fusion Applications.


NEW QUESTION # 51
Oracle Cloud currently offers two invoice scanning solutions: Integrated Imaging and Intelligent Document Recognition (IDR). Both solutions function similarly.
In which two ways do these invoice scanning solutions operate in the cloud?

  • A. Customers ask suppliers to send electronic invoices.
  • B. Customers scan the invoice on-premises and email the images.
  • C. Customers scan and store the invoice images on-premises and attach them during invoice entry.
  • D. Customers cannot use invoice imaging in the Cloud.
  • E. Customers ask their suppliers to scan and email the invoice.

Answer: B,E

Explanation:
Comprehensive and Detailed In-Depth Explanation:
Oracle Cloud's Integrated Imaging and Intelligent Document Recognition (IDR) solutions streamline the processing of supplier invoices by automating data extraction and invoice creation. These solutions support multiple methods for capturing and importing invoice images into the cloud system.
A: Customers scan the invoice on-premises and email the images.
Organizations that receive paper invoices can digitize them by scanning the documents on-premises. Once scanned, these images are emailed to a designated address provided by Oracle Cloud. The Integrated Imaging or IDR system retrieves these images from the email inbox, processes them to extract relevant data, and automatically creates invoices within the Payables module. This method ensures that paper-based invoices are efficiently integrated into the cloud system without manual data entry.
docs.oracle.com
C: Customers ask their suppliers to scan and email the invoice.
To enhance efficiency, customers can request that their suppliers scan physical invoices and send the digital images directly via email. These emailed invoice images are received by the designated email account associated with the customer's Oracle Cloud instance. The Integrated Imaging or IDR solutions then process these images, extracting the necessary invoice data and creating corresponding entries in the Payables system.
This approach reduces processing time and minimizes potential errors associated with manual data entry.
docs.oracle.com
B: Customers ask suppliers to send electronic invoices.
While encouraging suppliers to send electronic invoices (such as XML or EDI formats) is a best practice for streamlining invoice processing, this method does not involve the Integrated Imaging or IDR solutions, which are specifically designed for processing scanned invoice images. Electronic invoices are typically processed through different channels within Oracle Cloud, such as the Supplier Portal or electronic data interchange systems.
blogs.infosys.com
D: Customers scan and store the invoice images on-premises and attach them during invoice entry.
In this scenario, customers manually scan and store invoice images on their local systems and then attach these images during manual invoice entry into the Oracle Cloud Payables module. This process does not utilize the automated capabilities of the Integrated Imaging or IDR solutions, which are designed to handle the import, recognition, and processing of invoice images sent via email.
docs.oracle.com
E: Customers cannot use invoice imaging in the Cloud.
This statement is incorrect. Oracle Cloud provides robust invoice imaging solutions, namely Integrated Imaging and Intelligent Document Recognition, enabling customers to process scanned invoices efficiently within the cloud environment.
docs.oracle.com
By leveraging these solutions, organizations can automate the extraction of invoice data from scanned images, reduce manual intervention, and improve the accuracy and efficiency of their accounts payable processes.


NEW QUESTION # 52
Which two tools can you use to build layouts for BI Publisher reports?

  • A. BI Answers
  • B. Layout Editor
  • C. BI Composer
  • D. Template Builder for Word
  • E. Report Developer

Answer: B,E


NEW QUESTION # 53
You are a consultant for a mid-sized company. They have asked you to identify Cash Management reports that can be used to gain a better understanding of the company's cash position. You found four key reports.
Which option correctly matches each report with its description?

Answer:

Explanation:

Explanation:
A screenshot of a computer AI-generated content may be incorrect.


NEW QUESTION # 54
SIMULATION
MANAGE POLICIES BY EXPENSE CATEGORY
Create an Expense Policy for meals that raises a warning, if the expense exceeds the prescribed limit, without blocking the expense processing. Your expense policy should be ready to be associated with an expense type within an expense report template.

Answer:

Explanation:
See the Explanation for Step by Step Solution
Explanation:
Step-by-Step Solution: Configuring an Expense Policy in Oracle Financials Cloud To configure this expense policy in Oracle Financials Cloud, follow these steps:
Step 1: Access the Expense Policies Setup Page
Log in to Oracle Financials Cloud with the appropriate Expense Manager or Financial Administrator role.
Navigate to Setup and Maintenance.
Select the Task: Manage Policies by Expense Category.
Step 2: Create or Locate the Meal Expense Category
Search for the Meals expense category.
If the Meals category does not exist:
Click Create Expense Category.
Category Name: "Meals".
Category Type: "Meals and Entertainment".
Save the entry.
Step 3: Define a Policy Rule for Raising a Warning
Select the Meals Expense Category and click Edit.
Navigate to the Policies and Limits tab.
Under Amount Limits, click Add New Rule.
Configure the Expense Policy Rule:
Description: "Meal Expense Warning Policy".
Limit Type: "Warning Only".
Limit Amount: Enter the prescribed limit (e.g., 50 USD).
Per: Select Day (or another relevant time frame).
Applies To: Select All Employees.
Location-Based Rules: Leave blank if not location-specific.
Set Warning Behavior:
Select Raise a Warning if the expense exceeds the prescribed limit.
Ensure the policy does not block submission or approval.
Click Save and Close.
Step 4: Associate the Policy with an Expense Report Template
Navigate to Setup and Maintenance > Manage Expense Report Templates.
Search for the Expense Report Template where the Meals category should be included.
Click Edit and go to the Expense Types section.
Add the Meals Expense Type and associate it with the newly created Meals Expense Warning Policy.
Click Save and Close.
Step 5: Enable and Validate the Policy
Ensure the policy is marked as Active.
Click Submit to finalize the policy configuration.
Run the Validate and Deploy Expense Policies process.
Step 6: Testing the Policy
Simulate an Expense Report Submission:
Create a new expense report and select Meals as the expense type.
Enter an expense amount exceeding the limit (e.g., 55 USD).
Verify that a warning message appears, but the expense is still allowed to proceed.
Submit an expense below the limit (e.g., 45 USD) and ensure no warning appears.
Expected Outcome:
If the meal expense exceeds the limit, the system raises a warning but does not block the expense submission.
If the meal expense is within the limit, the system processes it without warnings.
The policy is successfully associated with an expense type in an expense report template.
Conclusion
By following these steps, you successfully configure an expense policy that raises a warning for meals exceeding a specified limit without blocking submission or processing. This ensures that employees are notified about policy violations while allowing flexibility in expense approvals.


NEW QUESTION # 55
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