Free 1z0-1055-25: Oracle Financials Cloud: Payables 2025 Implementation Professional Exam Questions and Answers

A company sends electronic payment files for suppliers to its bank. The files must be built in the bank's required format and delivered automatically over SFTP when the payment process request completes. Which setup should you use?

• AA. A payment option on the Manage Payment Options page that specifies the file format and transmission protocol for the business unit
• BB. A payment method that specifies the payment file format and the SFTP delivery for each supplier site
• CC. A disbursement system option that specifies the payment file format and the SFTP delivery for the legal entity
• DD. A payment process profile that specifies the payment file format and the transmission configuration for the SFTP delivery

Which sequence lists the Oracle Fusion Tax configuration objects from the highest level to the lowest level?

• AA. Tax regime, tax status, tax, tax rate
• BB. Tax regime, tax, tax status, tax rate
• CC. Tax, tax regime, tax status, tax rate
• DD. Tax regime, tax, tax rate, tax status

A company wants the Payables Invoice Aging Report to group unpaid invoices into buckets of 1-30, 31-60, 61-90 and over 90 days past due. Which setup task should you use to define these buckets?

• AA. Manage Payment Terms
• BB. Manage Invoice Options
• CC. Manage Payables Calendars
• DD. Manage Aging Periods

An invoice line is matched to a purchase order schedule with a unit price of 40.00 USD. The invoice line shows a unit price of 41.60 USD. The invoice tolerance template assigned to the supplier site has a price tolerance of 3 percent. What happens when the invoice is validated?

• AA. A Quantity Ordered hold is placed on the invoice during validation
• BB. The invoice line price is reset to the purchase order price
• CC. A Price hold is placed on the invoice during validation
• DD. The invoice validates without any hold

In early October, a controller must tie out the supplier liability as of September 30 to the General Ledger. The listing must be by supplier and liability account and must be built from the accounting entries, not from the current status of invoices. Several invoices were paid or cancelled in October. Which report should the controller run?

• AA. Open Account Balances Listing Report
• BB. Payables Invoice Aging Report
• CC. Payables Period Close Exceptions Report
• DD. Payables Open Items Revaluation Report

You are configuring Payment Process Profiles for a company that issues printed checks and sends electronic funds transfers to its suppliers. Which two statements are true about Payment Process Profiles? (Choose two.)

Select 2 answers.

• AA. The processing type of a profile determines whether payments are printed or sent as an electronic file.
• BB. Usage rules on a profile can limit it to specific payment methods and disbursement bank accounts.
• CC. A separate profile must be created for each supplier site before payments can be issued.
• DD. The profile defines the approval hierarchy that must act before a payment process request is submitted.

A payment process request selects invoices for several suppliers. All invoices use the payment method Check. Payments drawn on the disbursement bank account US Main USD are assigned the Check Print payment process profile. Payments drawn on the disbursement bank account UK Main GBP stop with a status requiring action because no payment process profile can be assigned. Which configuration is the most likely cause?

• AA. The GBP invoices were validated with an accounting date in a different Payables period
• BB. The usage rules of the Check Print profile do not include the UK Main GBP bank account
• CC. The payment process request template uses a different payment date basis for the GBP invoices
• DD. The business unit's invoice options do not define a default distribution set for GBP invoices

A Payables specialist ran Import Payables Invoices, and several records were rejected. The specialist wants to fix the rejected records directly and resubmit the import without reloading the source file. Which task should the specialist use?

• AA. Manage Invoice Holds, then release the import rejection holds
• BB. Manage Invoices, then edit the rejected invoices and validate them
• CC. Correct Import Errors, then resubmit Import Payables Invoices
• DD. Purge Payables Import Data, then reload the file with the corrected data

Fabrikam Logistics reimburses employee mileage at 0.70 USD per mile for the first 5,000 miles in a calendar year and 0.45 USD per mile after that. You are configuring Oracle Expenses. Which setup should you use?

• AA. A mileage expense type with a flat rate and an audit rule that flags employees above 5,000 miles
• BB. A per diem policy with two rate schedules assigned by employee grade
• CC. A mileage policy whose rate schedule has two distance tiers, assigned to the mileage expense type
• DD. A conversion rate policy that changes the rate once cumulative miles pass the limit

Your company is preparing to close its Payables periods. Which two statements are true about Payables period close? (Choose two.)

Select 2 answers.

• AA. A Closed Payables period can be reopened by setting its status back to Open.
• BB. The Unaccounted Transactions Sweep moves unaccounted events from the closing period to the next open period.
• CC. Closing the Payables period automatically closes the matching General Ledger period.
• DD. A Permanently Closed Payables period can be reopened by a user with the Payables Manager role.