LATEST STUDY 1Z0-1055-24 QUESTIONS - FREE PDF QUIZ ORACLE ORACLE FINANCIALS CLOUD: PAYABLES 2024 IMPLEMENTATION PROFESSIONAL REALISTIC EXAM

Latest Study 1Z0-1055-24 Questions - Free PDF Quiz Oracle Oracle Financials Cloud: Payables 2024 Implementation Professional Realistic Exam

Latest Study 1Z0-1055-24 Questions - Free PDF Quiz Oracle Oracle Financials Cloud: Payables 2024 Implementation Professional Realistic Exam

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Oracle 1Z0-1055-24 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Using AI Capabilities in Payables: This section measures the skills of AI Implementation Specialists in leveraging AI within Oracle Payables1. It covers understanding how to leverage Oracle’s pervasive AI approach in Oracle Cloud Applications, describing the integration and application of AI within the Oracle ERP ecosystem, and using AI to automate intelligent account combination defaulting1. These skills ensure the effective utilization of AI to improve efficiency and accuracy in payables processes.
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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2025 Latest Study 1Z0-1055-24 Questions 100% Pass | Professional 1Z0-1055-24: Oracle Financials Cloud: Payables 2024 Implementation Professional 100% Pass

The majority of people encounter the issue of finding extraordinary Oracle 1Z0-1055-24 exam dumps that can help them prepare for the actual Oracle 1Z0-1055-24 Exam. They strive to locate authentic and up-to-date Oracle 1Z0-1055-24 practice questions for the Oracle Financials Cloud: Payables 2024 Implementation Professional exam, which is a tough ask.

Oracle Financials Cloud: Payables 2024 Implementation Professional Sample Questions (Q34-Q39):

NEW QUESTION # 34
You need to issue an off-cycle, single payment for a supplier before the next scheduled payment run. The invoice you need to pay has been uploaded into the system, yet it is not available for selection on the Create Payment page.
Select two potential reasons for this:

  • A. The invoice is not accounted.
  • B. The payment supplier site you selected is different from the supplier site on the invoice.
  • C. The invoice is not validated.
  • D. The invoice is not yet due.

Answer: B,C

Explanation:
Comprehensive and Detailed In-Depth Explanation:
For an invoice to be available for payment processing in Oracle Payables, it must meet specific criteria. If an invoice is missing from the Create Payment page, the following could be the reasons:
* The Invoice is Not Validated (Option A):
* Explanation: Invoices must be validated to ensure data accuracy and compliance with business rules. If an invoice is not validated, it remains in an Incomplete status and is not available for payment.
* Resolution: Run the Invoice Validation process to validate the invoice. Once validated, it will appear in the Create Payment page for selection.
Reference: Oracle Payables Invoice Processing Guide
The Payment Supplier Site Selected Differs from the Supplier Site on the Invoice (Option C):
Explanation: Invoices are tied to a specific supplier site. If the supplier site selected when creating the payment does not match the supplier site on the invoice, the invoice will not be available for selection.
Resolution: Ensure that the supplier site selected on the Create Payment page matches the supplier site associated with the invoice.
Reference: Oracle Fusion Payables: Understanding Supplier Sites
Options B and D Analysis:
The Invoice is Not Yet Due (Option B):
While an invoice's due date impacts its eligibility for automatic payment processing (such as Payment Process Requests), it does not prevent an invoice from being selected manually for an off-cycle, single payment.
Verdict: Not a valid reason for invoice non-selection.
The Invoice is Not Accounted (Option D):
An invoice does not need to be accounted before payment; payment can be processed first, and accounting entries can be created afterward.
Verdict: Not a valid reason for invoice non-selection.
Thus, the correct answers are A. The invoice is not validated and C. The supplier site on the invoice does not match the supplier site selected during payment creation.


NEW QUESTION # 35
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. The earlier the payment, the greater the discount.
  • B. Eligible discounts decrease on a sliding scale based on the supplier's discretion.
  • C. Variable annual percentage rate (APR), based on "days paid early," is used to determine the discount amount.

Answer: B


NEW QUESTION # 36
Oracle Cloud currently offers two invoice scanning solutions: Integrated Imaging and Intelligent Document Recognition (IDR). Both solutions function similarly.
In which two ways do these invoice scanning solutions operate in the cloud?

  • A. Customers scan the invoice on-premises and email the images.
  • B. Customers cannot use invoice imaging in the Cloud.
  • C. Customers scan and store the invoice images on-premises and attach them during invoice entry.
  • D. Customers ask their suppliers to scan and email the invoice.
  • E. Customers ask suppliers to send electronic invoices.

Answer: A,D

Explanation:
Comprehensive and Detailed In-Depth Explanation:
Oracle Cloud's Integrated Imaging and Intelligent Document Recognition (IDR) solutions streamline the processing of supplier invoices by automating data extraction and invoice creation. These solutions support multiple methods for capturing and importing invoice images into the cloud system.
A: Customers scan the invoice on-premises and email the images.
Organizations that receive paper invoices can digitize them by scanning the documents on-premises. Once scanned, these images are emailed to a designated address provided by Oracle Cloud. The Integrated Imaging or IDR system retrieves these images from the email inbox, processes them to extract relevant data, and automatically creates invoices within the Payables module. This method ensures that paper-based invoices are efficiently integrated into the cloud system without manual data entry.
docs.oracle.com
C: Customers ask their suppliers to scan and email the invoice.
To enhance efficiency, customers can request that their suppliers scan physical invoices and send the digital images directly via email. These emailed invoice images are received by the designated email account associated with the customer's Oracle Cloud instance. The Integrated Imaging or IDR solutions then process these images, extracting the necessary invoice data and creating corresponding entries in the Payables system.
This approach reduces processing time and minimizes potential errors associated with manual data entry.
docs.oracle.com
B: Customers ask suppliers to send electronic invoices.
While encouraging suppliers to send electronic invoices (such as XML or EDI formats) is a best practice for streamlining invoice processing, this method does not involve the Integrated Imaging or IDR solutions, which are specifically designed for processing scanned invoice images. Electronic invoices are typically processed through different channels within Oracle Cloud, such as the Supplier Portal or electronic data interchange systems.
blogs.infosys.com
D: Customers scan and store the invoice images on-premises and attach them during invoice entry.
In this scenario, customers manually scan and store invoice images on their local systems and then attach these images during manual invoice entry into the Oracle Cloud Payables module. This process does not utilize the automated capabilities of the Integrated Imaging or IDR solutions, which are designed to handle the import, recognition, and processing of invoice images sent via email.
docs.oracle.com
E: Customers cannot use invoice imaging in the Cloud.
This statement is incorrect. Oracle Cloud provides robust invoice imaging solutions, namely Integrated Imaging and Intelligent Document Recognition, enabling customers to process scanned invoices efficiently within the cloud environment.
docs.oracle.com
By leveraging these solutions, organizations can automate the extraction of invoice data from scanned images, reduce manual intervention, and improve the accuracy and efficiency of their accounts payable processes.


NEW QUESTION # 37
Which two tools can you use to build layouts for BI Publisher reports?

  • A. Layout Editor
  • B. Template Builder for Word
  • C. BI Composer
  • D. Report Developer
  • E. BI Answers

Answer: A,D


NEW QUESTION # 38
Which three are valid reasons why you cannot close your Payables period?

  • A. Bills payable requiring maturity
  • B. Incomplete payment files
  • C. Unapplied prepayments
  • D. Suppliers on payment holds
  • E. Unaccounted invoices and payments

Answer: A,B,E

Explanation:
Comprehensive and Detailed In-Depth Explanation:
Closing a Payables period in Oracle Financials Cloud requires that all transactions for the period are fully processed and accounted for. The system enforces certain checks to ensure data integrity and accurate financial reporting. The following are valid reasons that can prevent the closure of a Payables period:
Incomplete Payment Files (Option B):
Suppliers on Payment Holds (Option E):
In summary, to successfully close a Payables period, ensure that all payment files are complete, bills payable are matured and accounted for, and all invoices and payments are fully processed and posted.
Reference:
Bills Payable Requiring Maturity (Option C):
Unaccounted Invoices and Payments (Option D):
Options A and E are not valid reasons for preventing period closure:
Unapplied Prepayments (Option A):


NEW QUESTION # 39
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