Online Access Free 1Z1-1055 Practice Test

A company has a requirement to pay small suppliers outside of Payables, but it does not want to manually record each payment.
Which solution should you implement?

• A.Create a payment by using a wire payment method for those suppliers.
• B.Create payments by using Electronic Funds Transfer (EFT) for those suppliers but do not send the electronic file to the bank.
• C.Create payments by using a clearing payment method for thosesuppliers because this payment method does not generate a file.
• D.Create payments by using the Check Payment method for those suppliers and then destroy those checks.

You have assigned additional roles to an existing user. However, the new roles are not appearing for the user in their Navigator menu. What should you check?

• A.Make sure you ran the Retrieve Latest LDAP Changes program.
• B.Make sure you can query the user using Oracle Identity Manager (OIM) and the roles are assigned.
• C.Make sure you can query the user from the Manage Users page and verify the roles assigned.
• D.Make sure the user logs out and logs back in.

A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross currency rate type the default?

• A.Manage Invoice Options and Manage common options for Payables and Procurement
• B.Manage Payment Options and Manage common options for Payables and Procurement
• C.Manage Invoice Options and Manage Procurement agents
• D.Manage Payable Options and Manage Invoice Options
• E.Manage common options for Payables and Procurement and Manage Procurement agents

You have a high volume of invoices to enter that have similar lines and do not require extensive validation. What must you do if you want to group multiple invoices in a batch during spreadsheet entry?

• A.Make sure all the invoice dates are the same.
• B.Enter a value in the Invoice Group field to group similar invoices into a batch.
• C.Make sure the Invoice Number is the same.
• D.Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.
• E.Assign the same Invoice Header Identifier to multiple invoices you want to group.

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 Common Options for Payables and Procurement page for the business unit.
• B.The option 'Allow remit-to supplier override for third-party payments' is not checked in the Payment Options page for the business unit.
• C.The option 'Allow remit-to supplier override for third-party payments' is not checked in the Invoice Options page for the business unit.
• D.The option 'Allow remit-to supplier override for third-party payments' is not checked in the Disbursement System Options page for the business unit.