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Oracle Financials Cloud: Payables 2021 Implementation Essentials

Total Questions: 140

Based on Official Syllabus Topics of Actual Oracle 1Z0-1055-21 Exam

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Understand the Actual 1Z0-1055-21 Exam Syllabus, Format, and Question Types

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Oracle 1Z0-1055-21 Questions

Q1.

The Government has introduced a new reduced tax recovery rate for certain services. You need to amend the configuration for your current tax regime to reflect this change.

Which three setups will you need to complete? (Choose three.)

Q2.

During an expense audit the auditor marks an expense item that is missing a receipt to be Short Paid. They choose to complete the audit and warn the user.

Given that the Expense Report Audit Approval is set to After Manager Approval, what two are valid results of the auditor action? (Choose two.)

Q3.

A Payables user creates a manual invoice and a Withholding Tax Classification Code defaults on the invoice line when the invoice is saved.

Where does this Withholding Tax Classification Code default from?

Q4.

You are evaluating the predefined expense report approval rules within your test environment to see if they meet current business requirements.

Which three rule sets are part of the predefined setup? (Choose three.)

Q5.

Your client wants the subledger journal entry description to be transferred to general ledger.

Which two could be used to enable this? (Choose two.)

Solutions:
Question: 1 Answer: B, D, F
Question: 2 Answer: A, B
Question: 3 Answer: B
Question: 4 Answer: A, C, D
Question: 5 Answer: A, D

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