1Z0-1055-25 Exam Questions & Answers
Oracle Fusion Cloud Financials: Payables and Expenses 2025 Implementation Professional • Oracle
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Sample 1Z0-1055-25 Questions
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You're a Payables supervisor, and your team has been struggling to keep up with the high volume of incomplete invoices coming through the Oracle Cloud Supplier Portal, causing delays in timely period closures. As a Payables supervisor, you have the ability to identify and then cancel incomplete supplier portal invoices without having to contact suppliers.
Which two options are available for the Payables Supervisor to identify incomplete supplier portal invoices for cancellation?
Comprehensive and Detailed In-Depth
Managing incomplete invoices is crucial to ensure a smooth period close process in Oracle Financials Cloud. As a Payables Supervisor, you have specific tools and reports at your disposal to identify and address these incomplete supplier portal invoices:
Query Invoices on the Manage Invoices Page (Option C):
Purpose: The Manage Invoices page allows you to search and view all invoices within the system. By applying filters such as status (e.g., 'Incomplete') and source (e.g., 'Supplier Portal'), you can identify invoices that are incomplete and originated from the supplier portal.
Action Steps:
Navigate to the Manage Invoices page.
Use the search filters to specify criteria:
Status: Set to 'Incomplete'.
Source: Set to 'Supplier Portal'.
Review the filtered list to identify invoices that require cancellation.
Run the Period Close Exception Report (Option D):
Purpose: The Payables Period Close Exceptions Report provides details of transactions that prevent the Payables period from closing, including incomplete invoices. Running this report helps in identifying any such invoices that need attention before period closure.
Action Steps:
Navigate to the Scheduled Processes work area.
Submit the Payables Period Close Exceptions Report.
Review the report output to identify incomplete supplier portal invoices.
Options A (Query the Payables Invoice Register) and B (Run the Period Invoice Audit Report) are not specifically designed to identify incomplete invoices:
Payables Invoice Register: This report provides a list of invoices but does not specifically highlight incomplete ones.
Period Invoice Audit Report: This report focuses on auditing invoices for compliance and accuracy, not necessarily on their completion status.
Therefore, the most effective tools for identifying incomplete supplier portal invoices for cancellation are Option C: Query invoices on the Manage Invoices page and Option D: Run the Period Close Exception Report.
Previously, cash advances were applied automatically to expenses when the auditor ran the expense reimbursement process. Now, Oracle Expenses allows employees to have the ability to manually apply their cash advances to the relevant expense report. As an Application Implementation Consultant, you advise your client to enable this feature and allow employees to perform manual application of cash advances to their expense reports for the US Business Unit.
Which statement is NOT true about this feature?
An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected for payment processing.
What are the two reasons for this?
Comprehensive and Detailed In-Depth
In Oracle Financials Cloud, even when an installment meets the selection criteria of a Payment Process Request (PPR), certain conditions can prevent it from being selected for payment processing. Understanding these conditions is crucial for troubleshooting and ensuring a smooth payment workflow.
Analysis of Each Option:
A . The pay-through date is in a future period.
The pay-through date in a PPR determines the latest due date of invoices to be included for payment. Setting this date in the future is a common practice to include all invoices due up to that date. Therefore, having a pay-through date in a future period would not prevent installments from being selected; instead, it broadens the selection criteria. This is not a reason for an installment not being selected.
B . The pay-through date is in a closed Payables period.
The pay-through date affects which invoices are selected based on their due dates, but it does not directly relate to the status of accounting periods. While processing payments in a closed period is not allowed, the pay-through date itself being in a closed period does not prevent installment selection. Therefore, this is not a valid reason for an installment not being selected.
C . The invoice needs re-validation.
Invoices that have undergone changes affecting their payment attributes may require re-validation. If an invoice is in a status indicating it needs re-validation, it will not be selected for payment processing until the validation process is successfully completed. This ensures that all invoice data is accurate and meets the necessary criteria for payment. According to Oracle documentation, an installment might not get selected if 'The invoice must be revalidated.'
D . The invoice requires approval.
Invoices often need to go through an approval workflow to ensure their legitimacy and accuracy. If an invoice has not received the necessary approvals, it remains in a pending status and is excluded from payment processing. Ensuring that all invoices are approved is essential for them to be selected in a PPR. The Oracle documentation states that an installment might not get selected if 'The invoice requires approval.'
E . The invoice has not been accounted.
While accounting is a critical aspect of financial management, the accounting status of an invoice does not typically prevent it from being selected for payment. Invoices can be selected and paid even if they have not yet been accounted, with accounting entries being created subsequently. Therefore, the lack of accounting is not a reason for an installment not being selected in a PPR.
Conclusion:
The two primary reasons an installment, despite meeting selection criteria, might not be selected for payment processing are:
C . The invoice needs re-validation.
D . The invoice requires approval.
Ensuring that all invoices are validated and approved is essential for their inclusion in payment processing.
Oracle Financials Cloud Documentation -- Why didn't an installment get selected for payment? https://docs.oracle.com/en/cloud/saas/financials/24d/fappp/why-didn-t-an-installment-get-selected-for-payment.html
Oracle Financials Cloud Documentation -- Why didn't an installment get selected for payment? https://docs.oracle.com/en/cloud/saas/financials/24d/fappp/why-didn-t-an-installment-get-selected-for-payment.html
During an internal audit of the expense reimbursement process, you observe a discrepancy where refunds from employees are being applied against positive payment requests. Your organization would like to keep them separate.
How do you achieve this?
As a Workflow Administrator, you are tasked with configuring certain invoice approval rules to align with your company's policy. You decide to make use of the purchase order additional attributes and descriptive flexfields to appropriately configure invoice approval rules and route workflow notifications to approvers.
Which two are NOT purchase order additional attributes that workflow administrators can use to configure invoice approval workflow rules?
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