QUESTION: 21

In what order should the import process be run when importing suppliers?

Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
Supplier, Supplier Address, Supplier Site, Supplier Site Assignments
Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
any order

Answer(s): B

Explanation:

The following programs are used to import supplier information:

When importing supplier records containing data in each table, then Suppliers must be run first, followed by the Supplier Sites import process. Once the data is inserted, the following concurrent processes must be run to create the information in Oracle Fusion Suppliers.

Suppliers Import Process
Supplier Sites Import Process
Supplier Site Contacts Import Process
Supplier Site Assignments Process

Reference:

https://docs.oracle.com/cd/E56614_01/procurementop_gs/OAPRC/F1007476AN1079E.htm

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QUESTION: 22

Which two statements are true about processing corporate card expenses? (Choose two.)

Conversion rate defaults apply only to cash expenses, not to corporate card expenses.
Usage policy for expense category tolerances does not apply to credit card expenses.
Card transactions will be paid directly from Expenses Cloud.
You can process payment for credit card using Electronic funds transfer, check, or wire.
Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.

Answer(s): A,B

Explanation:

Conversion rate behavior applies only to cash expenses, not to corporate card expenses.

To enable your company to pay a corporate card issuer, you enter a default payment method, whether check, EFT (Electronic funds transfer), or wire, in the Address Payment Information region of the Edit Corporate Card Issuer page, as well as bank account information.

Reference:

https://docs.oracle.com/cloud/latest/financialscs_gs/FAIEX/FAIEX1456644.htm https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110434AN7B1F9.htm

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QUESTION: 23

What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?

The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.
The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.
The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.
The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.

Answer(s): D

Explanation:

Run the Payables Unaccounted Transactions Sweep program to transfer unaccounted transactions from one accounting period to another. If your accounting practices permit it, use this program to change the accounting date of the transactions to the next open period.
The program transfers unaccounted transactions to the period you specify by updating the accounting dates to the first day of the new period.

Reference:

https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011880AN1B948.htm

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QUESTION: 24

A Payment Process Request was submitted and errors were found in the payment file. The payment file and process were terminated. Which two statements are true? (Choose two.)

The invoices are placed on payment hold.
The status of each payment in the payment file is Terminated.
The status of the payment file is Terminated.
The status of each payment in the payment file is Cancelled and the related documents are available for future selection.
The status of the payment file is Cancelled.

Answer(s): C,D

Explanation:

If the payment file has been terminated and the documents payable have been returned to the source product, then the status of the Printed Payment File is Terminated.

Oracle Fusion Payments informs the source product of the terminated documents payable. Then for each payment in the payment file, Payments sets the status to Canceled.

Reference:

https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011879AN17393.htm

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Free Oracle 1Z0-1055-22 Exam Questions (page: 7)

QUESTION: 21

Explanation:

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QUESTION: 22

Explanation:

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QUESTION: 23

Explanation:

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QUESTION: 24

Explanation:

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