1Z0-1055-24 PDF Questions & Latest 1Z0-1055-24 Dumps Sheet

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Oracle 1Z0-1055-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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.
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	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.

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Realistic 1Z0-1055-24 PDF Questions - 100% Pass Oracle Latest Oracle Financials Cloud: Payables 2024 Implementation Professional Dumps Sheet

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Oracle Financials Cloud: Payables 2024 Implementation Professional Sample Questions (Q19-Q24):

NEW QUESTION # 19
Adaptive Intelligence (AI), integrated with Oracle Payables Cloud, supports sophisticated data science that drives early payment discount offers.
Which of these is NOT a feature of early payment discounts?

A. Eligible discounts decrease on a sliding scale based on the supplier's discretion.
B. The earlier the payment, the greater the discount.
C. Variable annual percentage rate (APR), based on "days paid early," is used to determine the discount amount.

Answer: A

Explanation:
Comprehensive and Detailed In-Depth Explanation:
Oracle Payables Cloud, enhanced with Adaptive Intelligence (AI), offers a feature known as Early Payment Discounts. This functionality enables organizations to optimize their cash flow by taking advantage of discounts offered for early invoice payments.
Key Features of Early Payment Discounts:
* Variable Annual Percentage Rate (APR) Based on "Days Paid Early" (Option B):
* Explanation: The discount amount is calculated using a variable APR, which is determined based on the number of days the payment is made ahead of the due date. The earlier the payment is made, the higher the discount percentage applied.
Reference: Early Payment Discount Offers
The Earlier the Payment, the Greater the Discount (Option C):
Explanation: This principle aligns with the time value of money, where paying invoices earlier results in greater discounts. The discount decreases as the payment date approaches the invoice due date.
Reference: Early Payment Discount Offers
Clarification of Option A:
Eligible Discounts Decrease on a Sliding Scale Based on the Supplier's Discretion:
Explanation: While the discount offered decreases over time, this scaling is typically predefined in the payment terms agreed upon between the buyer and the supplier, rather than being adjusted at the supplier's discretion on a case-by-case basis. The terms are set during the establishment of the early payment discount program and are systematically applied, ensuring consistency and predictability in discount calculations.
Therefore, Option A is not a feature of the early payment discounts as implemented in Oracle Payables Cloud with Adaptive Intelligence.
References:
Early Payment Discounts
Early Payment Discount Offers
Once enrolled, a supplier discount is set and applies to all payments indefinitely, until supplier unsubscribes.

NEW QUESTION # 20
Your company will be utilizing the Campaign Management for Early Payment Discount Offers feature to maximize early payment discounts. This feature allows companies to send email-based campaigns offering suppliers the opportunity to enroll in an early payment discounts program. There is a predefined list of response options that suppliers can choose from, and such supplier responses are then automatically processed and applied in the system.
Which two are predefined response options available to suppliers?

A. Enroll in a Standing Offer
B. Subscribe
C. Decline the Offer
D. Accept All Offers

Answer: A,C

Explanation:
Comprehensive and Detailed In-Depth Explanation:
In Oracle Financials Cloud, the Campaign Management for Early Payment Discount Offers feature enables organizations to send email campaigns to suppliers, inviting them to participate in early payment discount programs. Suppliers receiving these offers have predefined response options that are automatically processed by the system.
Predefined Supplier Response Options:
Accept a One-Time Offer:
Suppliers can choose to accept a discount offer for specific invoices that are currently eligible for early payment. This action applies the discount to the selected invoices, and they are processed for early payment accordingly.
Enroll in a Standing Offer:
By selecting this option, suppliers agree to participate in an ongoing early payment discount program. All future invoices that meet the agreed-upon criteria will automatically be eligible for early payment discounts without the need for individual acceptances.
Decline the Offer:
Suppliers may opt to decline the current early payment discount offer. Declining does not prevent them from receiving future offers; it simply indicates that they are not interested in the present offer.
Unsubscribe:
If a supplier chooses to unsubscribe, they will no longer receive email notifications regarding early payment discount offers from the campaign. This action effectively removes them from the current and any future campaigns.
Analysis of the Provided Options:
A . Accept All Offers:
There is no predefined response option that allows suppliers to accept all past and future offers in a single action. Acceptance is either for a specific one-time offer or through enrollment in a standing offer for future invoices.
B . Decline the Offer:
This is a valid predefined response. Suppliers can choose to decline the current offer, indicating they are not interested in the proposed early payment discount for the specified invoices.
C . Subscribe:
While suppliers can unsubscribe from receiving future offers, there isn't a specific "Subscribe" option. Suppliers are considered participants by default and can choose to enroll in standing offers or accept individual offers.
D . Enroll in a Standing Offer:
This is a valid predefined response. Suppliers can enroll in a standing offer, agreeing to early payment discounts on all future eligible invoices automatically.
Conclusion:
The correct predefined response options available to suppliers are B. Decline the Offer and D. Enroll in a Standing Offer. These options provide suppliers with the flexibility to manage their participation in early payment discount programs effectively.
Reference:
Oracle Help Center: Early Payment Discount Offers
Oracle Help Center: Email Campaigns

NEW QUESTION # 21
MANAGE POLICIES BY EXPENSE CATEGORY
Create an Expense Policy for meals that raises a warning, if the expense exceeds the prescribed limit, without blocking the expense processing. Your expense policy should be ready to be associated with an expense type within an expense report template.

Answer:

Explanation:
See the Explanation for Step-by-Step Solution.
Explanation:
Step-by-Step Solution: Configuring an Expense Policy in Oracle Financials Cloud To configure this expense policy in Oracle Financials Cloud, follow these steps:
Step 1: Access the Expense Policies Setup Page
* Log in to Oracle Financials Cloud with the appropriate Expense Manager or Financial Administrator role.
* Navigate to Setup and Maintenance.
* Select the Task: Manage Policies by Expense Category.
Step 2: Create or Locate the Meal Expense Category
* Search for the Meals expense category.
* If the Meals category does not exist:
* Click Create Expense Category.
* Category Name: "Meals".
* Category Type: "Meals and Entertainment".
* Save the entry.
Step 3: Define a Policy Rule for Raising a Warning
* Select the Meals Expense Category and click Edit.
* Navigate to the Policies and Limits tab.
* Under Amount Limits, click Add New Rule.
* Configure the Expense Policy Rule:
* Description: "Meal Expense Warning Policy".
* Limit Type: "Warning Only".
* Limit Amount: Enter the prescribed limit (e.g., 50 USD).
* Per: Select Day (or another relevant time frame).
* Applies To: Select All Employees.
* Location-Based Rules: Leave blank if not location-specific.
* Set Warning Behavior:
* Select Raise a Warning if the expense exceeds the prescribed limit.
* Ensure the policy does not block submission or approval.
* Click Save and Close.
Step 4: Associate the Policy with an Expense Report Template
* Navigate to Setup and Maintenance > Manage Expense Report Templates.
* Search for the Expense Report Template where the Meals category should be included.
* Click Edit and go to the Expense Types section.
* Add the Meals Expense Type and associate it with the newly created Meals Expense Warning Policy.
* Click Save and Close.
Step 5: Enable and Validate the Policy
* Ensure the policy is marked as Active.
* Click Submit to finalize the policy configuration.
* Run the Validate and Deploy Expense Policies process.
Step 6: Testing the Policy
* Simulate an Expense Report Submission:
* Create a new expense report and select Meals as the expense type.
* Enter an expense amount exceeding the limit (e.g., 55 USD).
* Verify that a warning message appears, but the expense is still allowed to proceed.
* Submit an expense below the limit (e.g., 45 USD) and ensure no warning appears.
Expected Outcome:
* If the meal expense exceeds the limit, the system raises a warning but does not block the expense submission.
* If the meal expense is within the limit, the system processes it without warnings.
* The policy is successfully associated with an expense type in an expense report template.
Conclusion
By following these steps, you successfully configure an expense policy that raises a warning for meals exceeding a specified limit without blocking submission or processing. This ensures that employees are notified about policy violations while allowing flexibility in expense approvals.

NEW QUESTION # 22
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. Procurement
C. Dedicated and Self-Service
D. Dedicated

Answer: D

NEW QUESTION # 23
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. Adaptive Learning for Routing Attributes
B. Sharing Adaptive Learning Between Environments
C. Adaptive Learning for Invoice Lines
D. Legal Entity Recognition from Invoice Document
E. Bill-To Recognition from Invoice Document

Answer: E

NEW QUESTION # 24
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1Z0-1055-24 PDF Questions & Latest 1Z0-1055-24 Dumps Sheet

Oracle 1Z0-1055-24 Exam Syllabus Topics:

Realistic 1Z0-1055-24 PDF Questions - 100% Pass Oracle Latest Oracle Financials Cloud: Payables 2024 Implementation Professional Dumps Sheet

Oracle Financials Cloud: Payables 2024 Implementation Professional Sample Questions (Q19-Q24):

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