Reliable 1Z0-1055-24 Latest Braindumps Sheet Spend Your Little Time and Energy to Pass 1Z0-1055-24: Oracle Financials Cloud: Payables 2024 Implementation Professional exam

We believe that the best brands are those that go beyond expectations. They don't just do the job – they go deeper and become the fabric of our lives. Therefore, as the famous brand, even though we have been very successful we have never satisfied with the status quo, and always be willing to constantly update the contents of our 1Z0-1055-24 exam torrent. Most important of all, as long as we have compiled a new version of the 1Z0-1055-24 Guide Torrent, we will send the latest version of our 1Z0-1055-24 training materials to our customers for free during the whole year after purchasing. We will continue to bring you integrated 1Z0-1055-24 guide torrent to the demanding of the ever-renewing exam, which will be of great significance for you to keep pace with the times.

Oracle 1Z0-1055-24 Exam Syllabus Topics:

Topic	Details
Topic 1	Using Reporting and Managing Period Close: This section measures the understanding of Financial Analysts in utilizing reporting tools and managing period-end activities1. It includes explaining Oracle Transactional Business Intelligence (OTBI), using Business Intelligence Publisher (BIP) Reports, using the Payables to Ledger Reconciliation Report, and explaining the close process1. These skills are essential for monitoring financial performance and ensuring accurate period-end closing.
Topic 2	Processing Payments: This section assesses the skills of Process Owners and focuses on creating and processing payments, along with explaining bank reconciliations within Oracle Financials Cloud156. Proficiency in these areas ensures accurate and timely payment processing, along with reconciliation for financial accuracy.
Topic 3	Managing Payables Invoices: This section measures the skills of Accounts Payable Administrators and explains invoice imaging and recognition solutions, creating and accounting for invoices, and managing suppliers within Oracle Financials Cloud156. These skills are fundamental for efficiently handling invoice processing and supplier relationships.
Topic 4	Configuring Payables and Payments: This section assesses the skills of Implementation Consultants in configuring payables and payments within Oracle Financials Cloud156. It covers managing withholding and transaction taxes, configuring payables and payments, managing business units, managing sub-ledger accounting, and managing invoice and payment approvals1. These skills are vital for setting up and customizing the system to meet specific business requirements.

>> 1Z0-1055-24 Latest Braindumps Sheet <<

Reliable 1Z0-1055-24 Exam Labs - 1Z0-1055-24 Test Pass4sure

Before we start develop a new 1Z0-1055-24 study materials, we will prepare a lot of materials. After all, we must ensure that all the questions and answers of the 1Z0-1055-24 study materials are completely correct. First of all, we have collected all relevant reference books. Most of the 1Z0-1055-24 Study Materials are written by the famous experts in the field. They are widely read and accepted by people. Through careful adaption and reorganization, all knowledge will be integrated in our 1Z0-1055-24 study materials.

Oracle Financials Cloud: Payables 2024 Implementation Professional Sample Questions (Q28-Q33):

NEW QUESTION # 28
Your Company is considering using BI publisher to create additional reports. They want to know about the various features and benefits of this tool.
Which are two benefits of BI publisher customize feature?

A. Report output is sent to an e-commerce site
B. A backup copy of the report is automatically saved in my folders
C. Patches do not override report customizations
D. You do not need any special roles to access this feature
E. Writing code is not required

Answer: B,C

NEW QUESTION # 29
You have been asked by the cloud customer to create some user-defined account derivation rules for Payables invoices that were imported from lease accounting.
Which two lease accounting source attributes are predefined and can be used in rule creation?

A. DFF values on the Asset tab
B. DFF values on the Schedule tab
C. ROU Flag value
D. Lease location
E. Lease preparer

Answer: A,C

Explanation:
Comprehensive and Detailed In-Depth Explanation:
In Oracle Lease Accounting, integration with Oracle Payables allows for the seamless import of lease-related invoices. To ensure accurate financial reporting, it's essential to configure account derivation rules that map specific lease attributes to the appropriate general ledger accounts. Oracle provides a set of predefined source attributes that can be utilized in creating these rules.
Key Predefined Lease Accounting Source Attributes:
* DFF Values on the Asset Tab (Option A):
* Explanation: Descriptive Flexfields (DFFs) on the Asset tab capture additional, user-defined information related to leased assets. These fields can store bespoke data pertinent to an organization's reporting requirements. When configuring account derivation rules, these DFFs can be referenced to derive specific accounting treatments based on the custom attributes recorded.
Reference: Accounting Configuration for Lease Accounting Invoices
ROU Flag Value (Option D):
Explanation: The Right-of-Use (ROU) flag indicates whether an asset is recognized as a right-of-use asset under lease accounting standards. This distinction is crucial for determining the appropriate accounting treatment for lease-related transactions. In account derivation rules, the ROU flag can be used to route transactions to the correct accounts, ensuring compliance with accounting standards.
Reference: Accounting Configuration for Lease Accounting Invoices
Other Options Analysis:
DFF Values on the Schedule Tab (Option B):
Explanation: While Descriptive Flexfields on the Schedule tab may capture additional information related to payment schedules, they are not explicitly listed among the predefined source attributes available for account derivation rule creation in Oracle Lease Accounting.
Lease Preparer (Option C):
Explanation: The individual who prepares the lease (Lease Preparer) is not a predefined source attribute available for configuring account derivation rules. Accounting rules typically rely on attributes directly impacting financial transactions rather than user-specific data.

NEW QUESTION # 30
Which reference data sharing method can you use for Payables Payment Terms when working with reference data sets in Payables?

A. Assignment to one set only; no common values allowed
B. Assignment to multiple sets; no common values allowed
C. Assignment to multiple sets with common values allowed

Answer: B

Explanation:
Comprehensive and Detailed In-Depth Explanation:
In Oracle Fusion Applications, reference data sharing (also known as SetID) enables organizations to share common configuration data across various organizational units, such as business units, without unnecessary duplication. This approach streamlines maintenance and ensures consistency of reference data across the enterprise.
Payment Terms in Oracle Payables define the conditions under which a company pays its suppliers. These terms can vary between business units based on factors like regional practices or supplier agreements. To accommodate this variability, Oracle Payables employs a specific reference data sharing method for Payment Terms.
Reference Data Sharing Methods:
* Assignment to One Set Only; No Common Values Allowed:
* Each reference data object instance is assigned to a single set exclusively.
* No sharing of values across multiple sets.
* Example: Asset Prorate Conventions are defined and assigned to only one reference data set.
* Assignment to One Set Only, with Common Values:
* Reference data objects can be assigned to one set, but there's a common set whose values are accessible to all business units.
* Example: Receivables Transaction Types are assigned to a common set that's available to all business units.
* Assignment to Multiple Sets; No Common Values Allowed:
* A reference data object instance can be assigned to multiple sets.
* There's no common set; each set operates independently.
* Example: Payables Payment Terms use this method, allowing each payment term to be assigned to one or more sets.
For Payables Payment Terms, the applicable method is "Assignment to multiple sets; no common values allowed." This means that each payment term can be associated with one or more reference data sets, but there's no overarching common set that includes all payment terms. This flexibility allows organizations to define payment terms specific to certain business units while also sharing others across multiple units as needed.
Practical Application:
* Shared Payment Terms: If multiple business units operate under similar payment conditions, a single payment term (e.g., "Net 30") can be assigned to multiple reference data sets corresponding to those units.
* Specific Payment Terms: For unique business units with distinct payment agreements, specific payment terms (e.g., "Net 15") can be created and assigned exclusively to the relevant reference data set.
This approach ensures that each business unit has access to the payment terms relevant to its operations without unnecessary proliferation of identical terms across the system.
References:
* Reference Data Sets and Sharing Methods
* Payment Terms

NEW QUESTION # 31
Which reference data sharing method can you use for Payables Payment Terms when working with reference data sets in Payables?

A. Assignment to one set only; no common values allowed
B. Assignment to multiple sets; no common values allowed
C. Assignment to multiple sets with common values allowed

Answer: B

Explanation:
Comprehensive and Detailed In-Depth Explanation:
In Oracle Fusion Applications, reference data sharing (also known as SetID) enables organizations to share common configuration data across various organizational units, such as business units, without unnecessary duplication. This approach streamlines maintenance and ensures consistency of reference data across the enterprise.
Payment Terms in Oracle Payables define the conditions under which a company pays its suppliers. These terms can vary between business units based on factors like regional practices or supplier agreements. To accommodate this variability, Oracle Payables employs a specific reference data sharing method for Payment Terms.
Reference Data Sharing Methods:
Assignment to One Set Only; No Common Values Allowed:
Each reference data object instance is assigned to a single set exclusively.
No sharing of values across multiple sets.
Example: Asset Prorate Conventions are defined and assigned to only one reference data set.
Assignment to One Set Only, with Common Values:
Reference data objects can be assigned to one set, but there's a common set whose values are accessible to all business units.
Example: Receivables Transaction Types are assigned to a common set that's available to all business units.
Assignment to Multiple Sets; No Common Values Allowed:
A reference data object instance can be assigned to multiple sets.
There's no common set; each set operates independently.
Example: Payables Payment Terms use this method, allowing each payment term to be assigned to one or more sets.
For Payables Payment Terms, the applicable method is "Assignment to multiple sets; no common values allowed." This means that each payment term can be associated with one or more reference data sets, but there's no overarching common set that includes all payment terms. This flexibility allows organizations to define payment terms specific to certain business units while also sharing others across multiple units as needed.
Practical Application:
Shared Payment Terms: If multiple business units operate under similar payment conditions, a single payment term (e.g., "Net 30") can be assigned to multiple reference data sets corresponding to those units.
Specific Payment Terms: For unique business units with distinct payment agreements, specific payment terms (e.g., "Net 15") can be created and assigned exclusively to the relevant reference data set.
This approach ensures that each business unit has access to the payment terms relevant to its operations without unnecessary proliferation of identical terms across the system.
Reference:
Reference Data Sets and Sharing Methods
Payment Terms

NEW QUESTION # 32
You joined an OU Live Session for Oracle Financials centered on Expenses and learned about a new feature, Monthly and Lifetime Rate Limit Enforcement for Miscellaneous Policies. With this new feature, you can now enforce monthly and lifetime rate limits for miscellaneous expenses.
Based on which four values did the instructor say you can configure the rate limits?

A. Gender
B. Expense Type
C. Enforce the same rate limit for all employees.
D. Role
E. Location
F. Employee Management Level
G. Exchange Rate Conversion
H. Currency

Answer: C,D,E,G

NEW QUESTION # 33
......

To contribute the long-term of cooperation with our customers, we offer great discount for purchasing our 1Z0-1055-24 exam pdf. Comparing to other dumps vendors, the price of our 1Z0-1055-24 questions and answers is reasonable for every candidate. You will grasp the overall knowledge points of 1Z0-1055-24 Actual Test with our pass guide and the accuracy of our 1Z0-1055-24 exam answers will enable you spend less time and effort.

Reliable 1Z0-1055-24 Exam Labs: https://www.practicematerial.com/1Z0-1055-24-exam-materials.html

Kevin Rose Kevin Rose

Biography

Reliable 1Z0-1055-24 Latest Braindumps Sheet Spend Your Little Time and Energy to Pass 1Z0-1055-24: Oracle Financials Cloud: Payables 2024 Implementation Professional exam

Oracle 1Z0-1055-24 Exam Syllabus Topics:

Reliable 1Z0-1055-24 Exam Labs - 1Z0-1055-24 Test Pass4sure

Oracle Financials Cloud: Payables 2024 Implementation Professional Sample Questions (Q28-Q33):

Quick Links

Resources

Support