oracle 1z0-1055-24 practice test

Exam Title: Oracle Financials Cloud: Payables 2024 Implementation Professional

Last update: Nov 27 ,2025
Question 1

As an Oracle Financials Cloud Consultant, you are familiarizing yourself with the new features in
Adaptive Learning using IDR. You recently learned about Adaptive Learning for Invoice Lines where
the interactive invoice viewer can be used to make corrections to certain invoice line-level attributes.
Which are the three line-level attributes where the interactive invoice viewer can be used to make
corrections?

  • A. Amount
  • B. Description
  • C. Supplier
  • D. Quantity
  • E. Invoice Date
  • F. Invoice Number
  • G. Invoice Requestor
Answer:

A, B, D


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A
B
C
D
E
F
G
A 0 B 0 C 0 D 0 E 0 F 0 G 0
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Question 2

As an Oracle Payables Subject Matter Expert, you are familiarizing yourself with Intelligent Document
Recognition (IDR). After detailed review, you consider Adaptive Learning one of the most beneficial
features of IDR. Adaptive learning increases the accuracy of invoice scanning and improves touchless
processing. When users make corrections in the interactive viewer, each invoice edit trains the
algorithms and improves future recognition.
Which is NOT a key consideration for Adaptive Learning?

  • A. Bill-To Recognition from Invoice Document
  • B. Adaptive Learning for Routing Attributes
  • C. Sharing Adaptive Learning Between Environments
  • D. Legal Entity Recognition from Invoice Document
  • E. Adaptive Learning for Invoice Lines
Answer:

A


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B
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D
E
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Question 3

You implemented the service provider model for Payables payments, where your United Kingdom
(UK) headquarters works solely as an outsourced payment processing unit on behalf of your other UK
business units.
What is this type of payment service provider model known as?

  • A. Self-Service
  • B. Dedicated and Self-Service
  • C. Procurement
  • D. Dedicated
Answer:

D


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Question 4

As a Workflow Administrator, you are tasked with configuring certain invoice approval rules to align
with your company's policy. You decide to make use of the purchase order additional attributes and
descriptive flexfields to appropriately configure invoice approval rules and route workflow
notifications to approvers.
Which two are NOT purchase order additional attributes that workflow administrators can use to
configure invoice approval workflow rules?

  • A. Purchase Basis
  • B. Purchase Order Destination Type Lookup Code
  • C. Purchase Order Schedule
  • D. Freight Terms
  • E. Purchase Order Pending Fulfillment
Answer:

C, E


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E
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Question 5

During an internal audit of the expense reimbursement process, you observe a discrepancy where
refunds from employees are being applied against positive payment requests. Your organization
would like to keep them separate.
How do you achieve this?

  • A. Set a specific pay group in the expense section of the employee record.
  • B. Set a specific pay group in payables invoice options.
  • C. Set a specific pay group in disbursement options.
  • D. Set a specific pay group in Expense system options.
Answer:

D


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Question 6

You have assisted your customer with the implementation of Oracle Intelligent document
Recognition (IDR). They want to track the accuracy of the invoice line recognition for invoices
processed by IDR. You introduce them to the invoice documents recognition rate report to obtain the
invoice line recognition details.
In which three formats is this report available?

  • A. Invoice Header summary
  • B. Invoice Line Details
  • C. Invoice Summary Details
  • D. Invoice Header supplier summary
  • E. Invoice Header Details
  • F. Invoice Line Summary
Answer:

D, E, F


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F
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Question 7

You have been asked with creating an Oracle transactional Business Intelligence (OTBI) analysis to
help reconcile payables balances against general ledger. The analysis must show both posted invoices
and Payments.
Which subject area must you select to create this analysis?

  • A. Payables Payments-- Disbursements Real Time
  • B. Payables Invoices-- Trail Balance Real Time
  • C. Payables Invoices-- Transactions Real Time
  • D. Payables balances-- Reconciliation Time
Answer:

B


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Question 8

A company has assigned a withholding tax classification to an invoice line to withhold two taxes,
each tax withheld at different rates and remitted to different tax authorities.
Tax A has a withholding tax rate of 5% with compounding precedence of 1
Tax B has a withholding tax rate of 10% with compounding precedence of 2
What are the withholding tax amounts computed for the two taxes when the withholding taxable
amount is 100$?

  • A. Tax A:5%, Tax B:$10.5
  • B. Tax A:4.5%, Tax B:$10
  • C. Tax A:5%, Tax B:$10
  • D. Tax A:5%, Tax B:$9.5
Answer:

D


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Question 9

You have recently enabled the keyword audit feature for expenses to help automate the detection of
potential policy violations or fraudulent activity within expense reports, After the feature is enables
all expense reports containing keywords in certain fields are selected for audit.
Which two Expense Item fields are included in this feature?

  • A. Merchant Name
  • B. Itemization Type
  • C. Description
  • D. Location
  • E. Expense Type
Answer:

A, C


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Question 10

You learn that you can create action links to drill down from an Oracle Transactional Business
Intelligence (OTBI) report to as specific transaction. You decide to test it out when running the
payables to ledger reconciliation" Report When you click a specific balance, it directs you to Oracle
Payables application where you can view the transactional details about the balance.
What information can you view when using the action link in the "Payables to ledger reconciliation"
Report.

  • A. Beginning balances
  • B. Period activity
  • C. Differences
  • D. Ending balances
Answer:

C


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