Valid 1Z0-1055-24 Test Question–Reliable Reliable Exam Guide Providers for Oracle 1Z0-1055-24: Oracle Financials Cloud: Payables 2024 Implementation Professional

Now many IT professionals agree that Oracle certification 1Z0-1055-24 exam certificate is a stepping stone to the peak of the IT industry. Oracle Certification 1Z0-1055-24 Exam is an exam concerned by lots of IT professionals.

Oracle 1Z0-1055-24 Exam Syllabus Topics:

Topic	Details
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 Expenses: This section evaluates the capabilities of Auditors in managing expense-related tasks156. It covers entering expense reports, managing expense approvals, processing expense reimbursements, managing corporate cards, auditing expense reports, and setting up expenses within the system. These skills ensure compliance with expense policies and accurate reimbursement processes.
Topic 3	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 4	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.

>> Valid 1Z0-1055-24 Test Question <<

1Z0-1055-24 Reliable Exam Guide, 1Z0-1055-24 Clear Exam

Actual4Exams follows its motto to facilitate its consumer by providing them the material to qualify for the Oracle 1Z0-1055-24 certification exam with excellence. Therefore, it materializes its mission by giving them free of cost Oracle 1Z0-1055-24 demo of the dumps. This practical step taken by the Actual4Exams will enable its users to assess the quality of the Oracle 1Z0-1055-24 dumps.

Oracle Financials Cloud: Payables 2024 Implementation Professional Sample Questions (Q35-Q40):

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

Answer: C

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):
Therefore, Option A is not a feature of the early payment discounts as implemented in Oracle Payables Cloud with Adaptive Intelligence.
Reference:
The Earlier the Payment, the Greater the Discount (Option C):
Clarification of Option A:
Eligible Discounts Decrease on a Sliding Scale Based on the Supplier's Discretion:
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 # 36
You are an Oracle Payable Consultant and your client, a large retail organization is discussion statutory reporting requirements.
Your Client to leverage the subledger accounting application to create subledger journal entries for payables.
Some of the reporting requirements are scenario based.
Which three subledger accounting components can have conditions in the rules?

A. Subledger Entry Rule
B. Description Rule
C. Account Rule
D. Journal Line Rule
E. Supporting references
F. Journal Entry Rule Set

Answer: B,C,D

NEW QUESTION # 37
Which three are valid reasons why you cannot close your Payables period?

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

Answer: B,C,D

NEW QUESTION # 38
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. Accept All Offers
B. Subscribe
C. Enroll in a Standing Offer
D. Decline the Offer

Answer: C,D

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 # 39
Which three are valid reasons why you cannot close your Payables period?

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

Answer: B,C,D

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):
* Explanation: Payment files that have been initiated but not completed will prevent period closure. All payment processes must be finalized to ensure that all disbursements are accurately recorded.
Reference: Considerations for Closing a Payables Period
Bills Payable Requiring Maturity (Option C):
Explanation: Bills payable that have not yet reached their maturity date or have not been accounted for will block the period from closing. It's essential to update the status of all bills payable to reflect their maturity and ensure they are accounted for in the correct period.
Reference: Payables Period Close Exceptions Report
Unaccounted Invoices and Payments (Option D):
Explanation: Invoices and payments that have been entered but not yet accounted for will prevent period closure. All such transactions must be fully processed and posted to the general ledger to ensure financial statements are accurate and complete.
Reference: Considerations for Closing a Payables Period
Options A and E are not valid reasons for preventing period closure:
Unapplied Prepayments (Option A):
Explanation: While unapplied prepayments represent amounts paid in advance that have not yet been matched to invoices, they do not prevent the closure of a Payables period. These can remain unapplied across periods and do not impact the period close process.
Suppliers on Payment Holds (Option E):
Explanation: Suppliers placed on payment holds indicate that payments to these suppliers are temporarily suspended. This status does not affect the ability to close a Payables period, as it pertains to future payments rather than existing transactions within the period.
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.

NEW QUESTION # 40
......

The passing rate of our 1Z0-1055-24 exam materials are very high and about 99% and so usually the client will pass the exam successfully. But in case the client fails in the exam unfortunately we will refund the client immediately in full at one time. The refund procedures are very simple if you provide the 1Z0-1055-24 exam proof of the failure marks we will refund you immediately. If any questions or doubts exist, the client can contact our online customer service or send mails to contact us and we will solve them as quickly as we can. We always want to let the clients be satisfied and provide the best 1Z0-1055-24 Test Torrent and won’t waste their money and energy.

1Z0-1055-24 Reliable Exam Guide: https://www.actual4exams.com/1Z0-1055-24-valid-dump.html

Olivia Jenkins Olivia Jenkins

Biography

Valid 1Z0-1055-24 Test Question–Reliable Reliable Exam Guide Providers for Oracle 1Z0-1055-24: Oracle Financials Cloud: Payables 2024 Implementation Professional

Oracle 1Z0-1055-24 Exam Syllabus Topics:

1Z0-1055-24 Reliable Exam Guide, 1Z0-1055-24 Clear Exam

Oracle Financials Cloud: Payables 2024 Implementation Professional Sample Questions (Q35-Q40):

Quick Links

Support