[UPDATED Apr-2025] Best Value Available Preparation Guide for 1Z0-1055-23 Exam [Q76-Q93] – IT Certification Exam Questions & Answers

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[UPDATED Apr-2025] Best Value Available Preparation Guide for 1Z0-1055-23 Exam

1 Full 1Z0-1055-23 Practice Test and 143 Unique Questions, Get it Now!

Q76. You need to have an invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage.
Select two methods to achieve this.

Configure Subledger Accounting rules to allocate costs.

Choose the ‘All Lines’ option from the Allocate menu in the invoice line area.

Define a distribution set and assign it manually to the invoice.

Define a distribution set and assign it to the supplier.

Q77. A Bill Payable document was paid but has not yet matured.
What is the status of the payment?

Cleared

In Transit

Negotiable

Issued

Q78. Which three are supported image formats for the Integrated Imaging solution? (Choose three.)

TIFF

RTF

JPEG

PNG

XLS

Q79. Select three reasons why you cannot close your Payables period. (Choose three.)

open intercompany transactions

unapplied prepayments

suppliers on payment holds

bills payable requiring maturity

unaccounted invoices and payments

Q80. How will system evaluate the tolerances for expense reports?

System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100)|) currency precision.

System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)*currency precision.

System will calculate error tolerance as Policy Rate * (1+Warning Tolerance+ Error Tolerance/100).

System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100).

System will use absolute amount tolerance setup to do validations.

Q81. What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?

values that are organized into parent-child relationships

data that provides a measure of something

data that is metric and can be added up or aggregated

information about a business object with values that are dates, Ids or text

Q82. What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?

Standard Invoice

Supplier payment request

Standard invoice request

iSupplier Invoice

Credit Memo

Q83. Which two statements about the submission of invoices by suppliers using Supplier Portal are true?

A supplier can make changes to the invoice after submitting it.

A supplier can submit a single invoice against multiple purchase orders across different currencies and organizations.

A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully billed.

A supplier can submit a single invoice against multiple purchase orders, provided the currency and organization for all the invoice items are the same as those on the purchase orders.

A supplier can validate the invoice after submitting it.

Q84. Which three are invoice types that can be entered using the Supplier Portal? (Choose three.)

Invoices that are automatically created when the supplier creates an ASN for drop shipments

B2B XML invoices

Non purchase order matched invoices

Invoices that are created from the Evaluated Receipt Settlement (ERS) process

Purchase order matched invoices

Q85. Which two statements are true when you are using the Intercompany Reconciliation Reports?

You must run the prepare Intercompany Reconciliation Reporting Information process.

The reports will show the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.

The reconciliation period summary report will not show the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.

The reports will include Ledger balancing lines generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.

You can drill down on the links in the Period Summary report to view the balances by Intercompany Organization.

Q86. You have created your first implementation project. You have assigned the Application Implementation Consultant role to your user. However, you are unable to create and add roles to users in Oracle Identity Management (OIM).
This issue is caused because you did not assign the ________.

Superuser role to your user

IT Security Manager role to your user

Line Manager role to your user

Application Implementation Manager role to your user

Q87. Your company policy requires that receipts be attached to expense report items before reimbursement can be made.
Which two statements are true about the association of a receipt to an expense report?

Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.

Receipts are not required if the expense item falls within Per Diem Rates.

Expenses do not create payment requests for expense reports that have missing or overdue receipts.

An expense report may require original, imaged, or both types of receipts.

Q88. 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?

Manage Payment Options and Manage common options for Payables and Procurement

Manage Payable Options and Manage Invoice Options

Manage Invoice Options and Manage Procurement agents

Manage Invoice Options and Manage common options for Payables and Procurement

Manage common options for Payables and Procurement and Manage Procurement agents

Q89. 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?

Create payments by using the Check Payment method for those suppliers and then destroy those checks.

Create a payment by using a wire payment method for those suppliers.

Create payments by using a clearing payment method for thosesuppliers because this payment method does not generate a file.

Create payments by using Electronic Funds Transfer (EFT) for those suppliers but do not send the electronic file to the bank.

Q90. Which attributes on the payables invoice can be used during approval rule creation?

company segment, cost center segment, supplier, and Attribute 1 on the invoice line

company and cost center segment only

supplier only

cost center segment and supplier only

Q91. What are the output formats supported for Electronic and Check format programs?

Electronic output format of eText, Check output format of rtf

Electronic output format of Text, Check output format of Text

Electronic output format of DATA (csv), Check output format of Zipped PDFs

Electronic output format of XML, Check output format of rtf

Electronic output format of PDF, Check output format of PDF

Q92. An invoice for $200 USD and a credit memo for $225 USD are due for payment and the “Apply credits up to zero amount” option is enabled for the payment process request. Which statement is correct?

The payment process request applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.

The payment process request pays only $200 USD alone.

The payment process request creates a refund for $225 USD and leaves the invoice unpaid.

The payment process request doesn’t select the invoice or credit memo for payment because the credit reduces the payment to – $25 USD, which is below zero.

Q93. Your client is concerned that all expense reports are getting automatically approved by the expenses system despite the setup of an Audit Selection Rule.
What is the reason for this?

An expenses template and type rule has not been setup

The audit selection rule has not been assigned in the system options page

The audit selection rule has not been assigned to the legal entity

Auditing has not been enabled in the system options page

The audit selection rule has not been assigned to the business unit