Free Oracle 1Z0-1055-22 Exam Actual Questions

The questions for 1Z0-1055-22 were last updated On Feb 14, 2025

At ValidExamDumps, we consistently monitor updates to the Oracle 1Z0-1055-22 exam questions by Oracle. Whenever our team identifies changes in the exam questions,exam objectives, exam focus areas or in exam requirements, We immediately update our exam questions for both PDF and online practice exams. This commitment ensures our customers always have access to the most current and accurate questions. By preparing with these actual questions, our customers can successfully pass the Oracle Financials Cloud: Payables 2022 Implementation Professional exam on their first attempt without needing additional materials or study guides.

Other certification materials providers often include outdated or removed questions by Oracle in their Oracle 1Z0-1055-22 exam. These outdated questions lead to customers failing their Oracle Financials Cloud: Payables 2022 Implementation Professional exam. In contrast, we ensure our questions bank includes only precise and up-to-date questions, guaranteeing their presence in your actual exam. Our main priority is your success in the Oracle 1Z0-1055-22 exam, not profiting from selling obsolete exam questions in PDF or Online Practice Test.

 

Question No. 1

You are testing the Payables to General Ledger Reconciliation report at the ledger level for your UK Ledger, you have run and selected the extract for the report but the request returned the message no data to display.

What is the reason for this?

Show Answer Hide Answer
Correct Answer: C

Question No. 2

When submitting the Payables to General Ledger Reconciliation report, the extract did not select any dat

a. What should you check?

Show Answer Hide Answer
Correct Answer: D

You must assign a Financial Category of Accounts payable to all your liability natural account values. This is a required setup step for Payables to General Ledger reconciliation.

References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011880AN1B948.htmc


Question No. 3

Which three are attributes that are recognized by Invoice Imaging? (Choose three.)

Show Answer Hide Answer
Correct Answer: C, D, E

Question No. 4

You are using the Payable's Deferred Expense feature (also known as Multiperiod Accounting). You have entered an invoice for a three-month lease that is entered on Jan 10th. The total expense is $12,000 and it covers the rental period from Jan 1st to Mar 31st.

Assuming that the rental expenses are split evenly per month and a monthly accounting calendar is used, what would the accounting entry be?

Show Answer Hide Answer
Correct Answer: C

Question No. 5

Which two statements are true when you are using the Intercompany Reconciliation Reports? (Choose two.)

Show Answer Hide Answer
Correct Answer: B

A (not C): The Reconciliation Period Summary report displays the intercompany receivables and intercompany payables balances in summary for a period, and any differences between them.

D:Ledger balancing lines generated when the primary balancing segmentvalue is in balance but either the second balancing segment or the third balancing segment is out of balance