Free Oracle 1Z0-1055-25 Practice Test & Real Exam Questions
SIMULATION
MANAGE EXPENSE REPORT TEMPLATE
Task 1:
Create an Expense Report Template for the US1 Business Unit, where:
a. The effective start date is the current date.
b. The hotel expense type requires itemization and should include Internet, Room Rate, and Dinner.
c. The expense type is associated with the respective account
d. Card Expense Type Mapping is not enabled.
e. Company policy states that receipts
f. Users can indicate receipts are missing in their expense report and a warning should be displayed for any missing receipts.
g. All Expense Fields are optional.
MANAGE EXPENSE REPORT TEMPLATE
Task 1:
Create an Expense Report Template for the US1 Business Unit, where:
a. The effective start date is the current date.
b. The hotel expense type requires itemization and should include Internet, Room Rate, and Dinner.
c. The expense type is associated with the respective account
d. Card Expense Type Mapping is not enabled.
e. Company policy states that receipts
f. Users can indicate receipts are missing in their expense report and a warning should be displayed for any missing receipts.
g. All Expense Fields are optional.
Correct Answer:
See the Explanation for Step by Step Solution
Explanation:
Task 1: Create an Expense Report Template for the US1 Business Unit
The following configurations need to be implemented:
✔ Effective Start Date: The current date.
✔ Hotel Expense Type: Requires itemization with Internet, Room Rate, and Dinner.
✔ Expense Type: Associated with the respective GL account.
✔ Card Expense Type Mapping: Not enabled.
✔ Receipts Policy: Users can indicate missing receipts, and a warning should be displayed.
✔ Expense Fields: All fields should be optional.
Step-by-Step Solution
Step 1: Navigate to Expense Report Templates
Log in to Oracle Financials Cloud with the Expense Manager or Financial Administrator role.
Navigate to Setup and Maintenance.
In the Search Bar, type "Manage Expense Report Templates".
Click on Manage Expense Report Templates.
Step 2: Create a New Expense Report Template
Click Create New Template.
Enter the following details:
Name: "US1 Business Unit Expense Report"
Business Unit: US1 Business Unit
Effective Start Date: (Set to current date)
Enable for Use: ✔ (Check this box)
Click Save.
Step 3: Define the Expense Type - Hotel with Itemization
Navigate to the Expense Types tab.
Click Add Expense Type.
Enter the following details:
Expense Type Name: "Hotel"
Expense Category: "Lodging"
Requires Itemization: ✔ (Check this box)
Under Itemization, click Add Itemization Categories:
Internet
Room Rate
Dinner
Click Save.
Step 4: Associate Expense Types with GL Accounts
Click on Edit Expense Type "Hotel".
Go to the Accounting section.
Select the appropriate GL Account for lodging expenses.
Repeat this process for other required expense types.
Click Save and Close.
Step 5: Disable Card Expense Type Mapping
Navigate to the Corporate Card Expense Mapping tab.
Ensure the "Enable Corporate Card Mapping" checkbox is unchecked.
Click Save.
Step 6: Configure Receipts Policy
Navigate to the Receipts tab.
Under Receipt Handling, set:
Company Policy: Employees must provide receipts.
Allow users to indicate missing receipts? ✔ (Check this box).
Action for Missing Receipts: Raise a Warning (so that expense submission is not blocked).
Click Save.
Step 7: Set Expense Fields as Optional
Navigate to the Fields Setup tab.
Ensure all Expense Fields are set to Optional.
Click Save and Close.
Step 8: Validate and Activate the Template
Review all configurations.
Click Submit and Activate.
Run the Validate and Deploy Expense Templates process to ensure all settings are applied.
Step 9: Testing the Expense Report Template
Simulate an Expense Report Submission:
Select Hotel Expense and enter details.
Verify if the system requires itemization (Internet, Room Rate, Dinner).
Submit without a receipt to check if a warning is displayed.
Ensure all fields remain optional.
Verify no corporate card expense mapping applies.
Expected Outcome:
✔ The Expense Report Template is successfully created for US1 Business Unit.
✔ Hotel expenses require itemization into Internet, Room Rate, and Dinner.
✔ Receipts are required, and a warning is displayed for missing receipts.
✔ GL Account mapping is correctly applied to each expense type.
✔ Card Expense Type Mapping is disabled.
✔ All fields are optional, allowing flexible data entry.
Conclusion
By following these steps, we have successfully created and configured an Expense Report Template that meets all business requirements for the US1 Business Unit.
Explanation:
Task 1: Create an Expense Report Template for the US1 Business Unit
The following configurations need to be implemented:
✔ Effective Start Date: The current date.
✔ Hotel Expense Type: Requires itemization with Internet, Room Rate, and Dinner.
✔ Expense Type: Associated with the respective GL account.
✔ Card Expense Type Mapping: Not enabled.
✔ Receipts Policy: Users can indicate missing receipts, and a warning should be displayed.
✔ Expense Fields: All fields should be optional.
Step-by-Step Solution
Step 1: Navigate to Expense Report Templates
Log in to Oracle Financials Cloud with the Expense Manager or Financial Administrator role.
Navigate to Setup and Maintenance.
In the Search Bar, type "Manage Expense Report Templates".
Click on Manage Expense Report Templates.
Step 2: Create a New Expense Report Template
Click Create New Template.
Enter the following details:
Name: "US1 Business Unit Expense Report"
Business Unit: US1 Business Unit
Effective Start Date: (Set to current date)
Enable for Use: ✔ (Check this box)
Click Save.
Step 3: Define the Expense Type - Hotel with Itemization
Navigate to the Expense Types tab.
Click Add Expense Type.
Enter the following details:
Expense Type Name: "Hotel"
Expense Category: "Lodging"
Requires Itemization: ✔ (Check this box)
Under Itemization, click Add Itemization Categories:
Internet
Room Rate
Dinner
Click Save.
Step 4: Associate Expense Types with GL Accounts
Click on Edit Expense Type "Hotel".
Go to the Accounting section.
Select the appropriate GL Account for lodging expenses.
Repeat this process for other required expense types.
Click Save and Close.
Step 5: Disable Card Expense Type Mapping
Navigate to the Corporate Card Expense Mapping tab.
Ensure the "Enable Corporate Card Mapping" checkbox is unchecked.
Click Save.
Step 6: Configure Receipts Policy
Navigate to the Receipts tab.
Under Receipt Handling, set:
Company Policy: Employees must provide receipts.
Allow users to indicate missing receipts? ✔ (Check this box).
Action for Missing Receipts: Raise a Warning (so that expense submission is not blocked).
Click Save.
Step 7: Set Expense Fields as Optional
Navigate to the Fields Setup tab.
Ensure all Expense Fields are set to Optional.
Click Save and Close.
Step 8: Validate and Activate the Template
Review all configurations.
Click Submit and Activate.
Run the Validate and Deploy Expense Templates process to ensure all settings are applied.
Step 9: Testing the Expense Report Template
Simulate an Expense Report Submission:
Select Hotel Expense and enter details.
Verify if the system requires itemization (Internet, Room Rate, Dinner).
Submit without a receipt to check if a warning is displayed.
Ensure all fields remain optional.
Verify no corporate card expense mapping applies.
Expected Outcome:
✔ The Expense Report Template is successfully created for US1 Business Unit.
✔ Hotel expenses require itemization into Internet, Room Rate, and Dinner.
✔ Receipts are required, and a warning is displayed for missing receipts.
✔ GL Account mapping is correctly applied to each expense type.
✔ Card Expense Type Mapping is disabled.
✔ All fields are optional, allowing flexible data entry.
Conclusion
By following these steps, we have successfully created and configured an Expense Report Template that meets all business requirements for the US1 Business Unit.
You are trying to use the Match in Full option for a purchase order, but your search for the PO is returning no results.
Which two are the reasons for this?
Which two are the reasons for this?
Correct Answer: B,D
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Which three are valid reasons why you cannot close your Payables period?
Correct Answer: A,C,D
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Your organization has decided to create employee expense items by leveraging the digital assistant feature and sending expense receipts via email.
Which is the next processing step after an email with an expense receipt is received in the expenses application?
Which is the next processing step after an email with an expense receipt is received in the expenses application?
Correct Answer: E
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During an expense audit, the auditor marks an expense item, which is missing a receipt, to be Short Paid. The auditor chooses to complete the audit and warn the user.
Given that the Expense Report Audit Approval is set to After Manager Approval, what are the two valid results of the auditor's action?
Given that the Expense Report Audit Approval is set to After Manager Approval, what are the two valid results of the auditor's action?
Correct Answer: C,D
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You participated as a functional consultant in the implementation of Oracle Procurement as well as Payables for customer ABC Consulting. A Payables Analyst has logged a ticket stating that the "Create Supplier" task is not showing up in the Supplier work are a. You checked the related settings and found that the Payables Analyst user account has been defined as a Procurement Agent.
Why was the Payables Analyst NOT able to see the "Create Supplier" task in the Supplier work area?
Why was the Payables Analyst NOT able to see the "Create Supplier" task in the Supplier work area?
Correct Answer: C
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