Oracle 1Z0-1055-23 : Oracle Financials Cloud: Payables 2023 Implementation Professional

You need to create a recurring expense for one of your regular expenses.
Which three are frequencies that you can choose for these types of expenses? (Choose three.)

• A. Weekly
• B. Biweekly
• C. Annually
• D. Bimonthly
• E. Monthly

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

What is the difference between subject areas that append the word "Real Time" and those that do not?

• A. There is no difference.
• B. The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.
• C. The "Real Time" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.
• D. The "Real Time" subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.

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?

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

During an expense audit the auditor marks an expense item that is missing a receipt to be Short Paid. They choose to complete the audit and warn the user.
Given that the Expense Report Audit Approval is set to After Manager Approval, what two are valid results of the auditor action?

• A. New expense report containing disallowed expense items is immediately created.
• B. New expense report containing disallowed expense items is not created until manager approves the short payment.
• C. Approved part of the expense report is not eligible for expense reimbursement.
• D. The approved part of the expense report is eligible for expense reimbursement.