1Z0-1055-22 Online Practice Questions and Answers

During your businesstrip to the UK, you took a taxi ride and paid for it by using your personal Visa credit card. While entering your expenses, you get a warning that a different conversion rate was applied to the taxi expense by Visa that the one used by your company.

How do you handle this situation?

A. Do not enter the taxi expense and call your Finance Department so that they can make changes in the conversion rate settings and you do not violate the allowable limit.

B. Call Visa to address the issue and tell them to makeadjustments to their conversion rate. Then, wait to get a revised statement.

C. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate.

D. Use the corporate-defined conversion rate even if it means you will not be reimbursed fully.

You have created an approval rule as follows:

Rule 1: If the invoice amount > $1000, route it to User 1.

Rule 2: If the invoice amount < $1000, auto approveit.

Now, the user creates an invoice for $1000 and routes it for approval.

What will happen?

A. Invoice will be auto-approved.

B. The workflow will fail once approval is initiated.

C. The initiate option is greyed out for the invoice.

D. Invoice will besent to User 1 for approval.

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. New expense report containing disallowed expense items is immediately created.

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

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

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

An installment meets all the selection criteria of a Payment Process Request, but it stilldoes not get selected for payment processing.

What are the two possible reasons for this? (Choose two.)

A. The pay-through date is in a closed Payables period.

B. The invoice has not been accounted.

C. The invoice requires approval.

D. The pay-through date is in a future period.

E. The invoice needs re-validation.

A company is centralizing their payment processing using the service provider model.

Which reporting level has to be used to run the Prepare Payables to General Ledger Reconciliation report?

A. Run the Prepare Payables to General Ledger Reconciliation report at Ledger level.

B. Run the Prepare Payables to General Ledger Reconciliation report at Business Unit level.

C. Running the Prepare Payables to General Ledger Reconciliation report is NOT available when there is a centralized payment processing.

D. Run the Prepare Payables to General Ledger Reconciliation report for combination of Ledger and Balancing Segment Value.

What are the two advantages of using a spreadsheet for correcting invoice import errors? (Choose two.)

A. identification of errors with clear errormessages at the invoice header and line levels

B. ability to enter a high volume of invoices via a spreadsheet

C. ability to correct errors and re-import invoices directly from a spreadsheet

D. identification of errors with clear error messages at the invoice header level only

E. ability to correct errors within the spreadsheet and send invoice corrections for approval

Your customer has an electronic payment format program in use and wants all thedocuments to use the pay group "Domestic". What should you do to achieve this?

A. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Document pay group", condition "Required" and value ?not applicable.

B. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", and value "Domestic".

C. Modify your template to hard code the value "Domestic" for the pay group position.

D. Define a user validation at the formatprogram to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Format Program Code", condition "Equal to String" and value ? as desired.

An installment for $2,000 USD is due for payment on July 31, 2018. The installment has two discounts:

thefirst discount date is June 15, 2018 for $150 USD and the second discount date is June 30, 2018 for

$50 USD.

You submit a Payment Process Request with the following criteria:

Payment Date = June 20, 2018

Pay Through Date = July 30, 2018

Date Basis = Due Date

What will be the resulting status of the installment and discount?

A. The installment is not selected because the discount dates are before the Pay Through Date.

B. The installment is selected and no discount is applied.

C. The installment is not selected because the due date is after the Pay Through Date.

D. The installment is selected and a discount of $50 USD is applied.

E. The installment is selected and a discount of $150 USD is applied.

In the Business Intelligence Publisher (BIP) report layout properties page, when you click Extract Translation, the BIP publisher extracts the translatable strings from the BIP report template and exports them into which format?

A. .doc (Word file)

B. .pdf (Acrobat reader file)

C. .xls (Excel file)

D. .xlf (XLIFF file)

An installment for $1,000 USD is due for payment on January 10, 2019. The installment has two discounts: the first discount date is December 5, 2018 for $150 USD and the second discount date is December 20, 2018 for $50 USD. The Pay Date Basis on the supplier site is Discount.

You submit a Payment Process Request with the following criteria:

Payment Date = December 5, 2018 Pay Through Date = December 25, 2018 Date Basis = Pay Date AlwaysTake Discount option is enabled

What will be the resulting status of the installment and discount?

A. The installment is selected and a discount of $50 USD (the second discount) is applied.

B. The installment is selected and a discount of $200 USD ($150+ $50) is applied.

C. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.

D. The installment is selected but no discount is applied because the payment date is after the discount dates.

E. The installment is not selected because the first discount date is before the Pay Through Date.