Free Oracle 1D0-1055-24-D Exam Questions

Become Oracle Certified with updated 1D0-1055-24-D exam questions and correct answers

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Total 142 Questions | Updated On: May 04, 2024

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Question 1

Identify three statements that indicate the purpose of Functional Setup Manager.

A : allows you to centrally manage the close processes across subledgers and ledgers.

B : it allows you to assign setup tasks to individuals with due dates where users must manually update their completion status.

C : automatically marks the completion status of tasks as Completed once they have been completed.

D : automatically generates lists of setup tasks in the correct sequence with dependencies highlighted.

E : It provides a central place to access and perform all of the setup steps across the applications.

Answer: A,C,D

Question 2

A company has three legal entities each with a corresponding business unit all within the same country. All organizations buy and sell the same products. You are configuring the tax setup.
What is the minimum number of Tax Regimes you need to configure for this company?

A : 2

B : 6

C : 1

D : 3

Answer: D

Question 3

How will system evaluate the tolerances for expense reports?

A : tem will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100)|) currency precision.

B : System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)*currency precision.

C : System will calculate error tolerance as Policy Rate * (1+Warning Tolerance+ Error Tolerance/100).

D : tem will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100).

E : tem will use absolute amount tolerance setup to do validations.

Answer: D

Question 4

Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

A : The user needs to specify which payment term to use.

B : payment term of the purchase order overrides the invoice payment term.

C : payment term of the invoice overrides the purchase order payment term.

D : purchase order payment term cannot be overridden.

E : user needs to manually change the payment term on the invoice to match the purchase order payment term.

Answer: C

Question 5

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.)

A : w expense report containing disallowed expense items is immediately created.

B : proved part of the expense report is not eligible for expense reimbursement.

C : approved part of the expense report is eligible for expense reimbursement.

D : w expense report containing disallowed expense items is not created until manager approves the short payment.

Answer: A,C

Page: 1 / 29

Total 142 Questions | Updated On: May 04, 2024

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