Try and practice the latest Oracle : 1Z0-1055-23 real questions & answers

You are testing the Payables to General Ledger Reconciliation report at the ledger level for your UK Ledger, you have run and selected the extract for the report but the request returned the message no data to display.
What is the reason for this?

• A. The financial category of Accounts Payable is not assigned to the liability accounts.
• B. The reconciliation flag has not been enabled for your liability accounts.
• C. You did not select the business units associated to the UK Ledger.
• D. You did not specify the range of liability accounts to include in the extract.

You applied a prepayment amount of $5,000 USD to a $10,000 USD invoice. At the time of prepayment, the applicable tax rate was 5% ($250 USD); at the time of invoice creation, the tax rate is 10%. When you set up taxes, you choose to Recalculate Taxes for the Applied Amount Handling option.
How will the resulting tax be calculated?

• A. The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is retained.
• B. The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% * 10,000-5000).
• C. The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -250 USD (5% * -5000).
• D. The tax for the prepayment is recalculated to use the new invoice tax rate that is also used for the invoice line amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -500 USD (10% * -5000).

You have two business units, Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?

• A. Assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles to each Expense Auditor.
• B. Use segment valuesecurity rules to secure access to business units.
• C. Assign the Expense Auditor job roles to each auditor.
• D. Assign the Expense Auditor as the owner of each business unit.

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 when to initiate the payment approval process.
• B. It defines a list of approvers who review payments and make final payment decisions.
• C. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.
• D. It allows approvers to review payments and decide whether or not to approve a payment.
• E. It determines which payments must go through the payment approval process.

An installment for $1,000 USD is due for payment on January 10, 2019. The installment has two discounts: the first discount date is December 5, 2018 for $150 USD and the second discount date is December 20, 2018 for $50 USD. The Pay Date Basis on the supplier site is Discount.
You submit a Payment Process Request with the following criteria:
Payment Date = December 5, 2018
Pay Through Date = December 25, 2018
Date Basis = Pay Date
Always Take Discount option is enabled
What will be the resulting status of the installment and discount?

• A. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.
• B. The installment is selected and a discount of $200 USD ($150 + $50) is applied.
• C. The installment is not selected because the first discount date is before the Pay Through Date.
• D. The installment is selected and a discount of $50 USD (the second discount) is applied.
• E. The installment is selected but no discount is applied because the payment date is after the discount dates.