Online Access Free 1Z1-1055 Practice Test

You want your expense auditors to audit only expense reports for specific business units. How do you do this?

• A.Create your own audit extension rules that correspond to the business unit.
• B.Make auditors the managers of the corresponding business unit to route expense reports properly.
• C.Create a custom duty role and assign the data roles to each auditor.
• D.Assign the expense auditors job role and business unit security context and value to the user.

Which component is not included in the security architecture for credit card data and bank account data encryption?

• A.Payments master encryption key
• B.Sensitive data encryption and storage
• C.Payments subkeys
• D.Oracle Wallet
• E.Supplier master encryption key

Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run? (Choose two.)

• A.Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.
• B.Supplier site primary pay flag and customer account bill to primary flag should be enabled.
• C.Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.
• D.Manual Approvals should be allowed for the transaction type.
  References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAUGL/FAUGL1476872.htm
• E.For the Legal Jurisdiction, Legal function: "Generate intercompany invoice" should be assigned.
• F.Schedule create accounting for the intercompany process.

You have invoices with distributions across primary balancing segments that represent different companies.
What feature should you use if you want the system to automatically balance your invoice's liability amount across the same balancing segments on the invoice distributions?

• A.Suspense Accounts
• B.Payables' Allow Reconciliation Accounting
• C.Payable's Automatic Offset
• D.Intercompany Balancing
• E.Subledger Accounting's Account Rules

You have 10 ledgers and 30 business units and want to leverage Preference Data Sets. What is the function of Reference Data Sets?

• A.allow you to maintain sets of related data in a Data Dictionary
• B.allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup
• C.allow you to secure data by business unit
• D.allow you to assign multiple business units to users in a shared service center