Most Recent Oracle 1Z0-1055-24 Exam Dumps

Comprehensive and Detailed In-Depth

In Oracle Fusion Applications, access to specific tasks and functionalities is governed by the roles assigned to a user. The 'Create Supplier' task within the Supplier work area is a critical function that allows authorized users to add new suppliers to the system. To access this task, a user must possess the appropriate roles that grant the necessary permissions.

A . The analyst was not given the Procurement Administrator role.

The Procurement Administrator role encompasses a broad range of procurement-related activities, including configuration and oversight functions. However, the ability to create suppliers is not inherently included within this role's permissions. Therefore, assigning the Procurement Administrator role alone would not grant access to the 'Create Supplier' task.

B . The analyst was not given the Supplier Manager role.

The Supplier Manager role is specifically designed to manage supplier-related activities, including the creation and maintenance of supplier records. Assigning this role to a user provides them with the necessary permissions to access the 'Create Supplier' task within the Supplier work area. In the scenario described, the absence of the Supplier Manager role is the reason the Payables Analyst cannot see the 'Create Supplier' task. This is corroborated by Oracle's documentation, which states that users require the Supplier Manager role to create suppliers.

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C . The analyst was not given the Supplier Administrator role.

While the Supplier Administrator role grants access to certain supplier-related functions, it does not include the permissions necessary to create new suppliers. Users with only the Supplier Administrator role may have visibility into supplier information but lack the capability to add new supplier records. Therefore, the absence of this role is not the cause of the issue.

D . The analyst was not given the Procurement Requester role.

The Procurement Requester role is intended for users who initiate purchase requisitions and related procurement activities. This role does not encompass supplier creation capabilities. Assigning the Procurement Requester role would not grant access to the 'Create Supplier' task, and its absence is not related to the issue at hand.

In summary, to enable the Payables Analyst to access the 'Create Supplier' task, the Supplier Manager role must be assigned to their user account. This role provides the necessary permissions to create and manage supplier records within the Oracle Fusion Applications.

Step-by-Step Solution: Configuring Expense Policies by Expense Category in Oracle Financials Cloud

To implement the expense policy for meals in Oracle Financials Cloud, follow these steps:

Step 1: Navigate to the Expense Policies Setup

Log in to Oracle Financials Cloud with the appropriate Expense Manager or Financial Administrator role.

Go to the Setup and Maintenance work area.

Select Manage Policies by Expense Category (Task Name: Manage Expense Policies by Expense Category).

Select the US1 Business Unit to ensure the policy applies to the correct entity.

Step 2: Create or Update the Meal Expense Category

Under Manage Policies by Expense Category, locate or create the Meals Expense Category.

If the Meals category does not exist:

Click Create Expense Category.

Enter Category Name: 'Meals'.

Category Type: 'Meals and Entertainment'.

Save the entry.

Step 3: Define Expense Limits for Evening Meals

Select the Meals Expense Category and click Edit.

Navigate to the Policies and Limits tab.

Under Amount Limits, click Add New Rule.

Description: 'Evening Meal Limit'.

Limit Type: 'Maximum Allowed Amount'.

Limit Amount: Enter 30 USD.

Per: Select Day.

Apply to All Employees (since this applies regardless of role and location).

Location-Based Rules: Leave blank since it applies universally.

Click Save and Close.

Step 4: Enable and Activate the Policy

Ensure the policy is enabled by selecting the checkbox for Active.

Click Submit to finalize the configuration.

Run the 'Validate and Deploy Expense Policies' process to apply changes.

Step 5: Testing the Policy

Simulate an Expense Report Submission:

Have an employee create a new expense report.

Select Meals as the expense category.

Enter an evening meal expense of 35 USD (which exceeds the policy limit).

Verify if a policy violation warning appears, restricting the claim to 30 USD.

Submit an expense of 30 USD and ensure no policy violation occurs.

Expected Outcome:

Employees can claim up to 30 USD per day for an evening meal.

Any claim above 30 USD triggers a policy violation warning.

The rule applies to all employees regardless of role and location.

Conclusion

By following the above steps, you successfully configure an expense policy for meals that limits evening meal claims to 30 USD per day. This ensures compliance with the company's expense management guidelines while streamlining the expense approval process in Oracle Financials Cloud.

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.

Comprehensive and Detailed In-Depth

In Oracle Financials Cloud, the Campaign Management for Early Payment Discount Offers feature enables organizations to send email campaigns to suppliers, inviting them to participate in early payment discount programs. Suppliers receiving these offers have predefined response options that are automatically processed by the system.

Predefined Supplier Response Options:

Accept a One-Time Offer:

Suppliers can choose to accept a discount offer for specific invoices that are currently eligible for early payment. This action applies the discount to the selected invoices, and they are processed for early payment accordingly.

Enroll in a Standing Offer:

By selecting this option, suppliers agree to participate in an ongoing early payment discount program. All future invoices that meet the agreed-upon criteria will automatically be eligible for early payment discounts without the need for individual acceptances.

Decline the Offer:

Suppliers may opt to decline the current early payment discount offer. Declining does not prevent them from receiving future offers; it simply indicates that they are not interested in the present offer.

Unsubscribe:

If a supplier chooses to unsubscribe, they will no longer receive email notifications regarding early payment discount offers from the campaign. This action effectively removes them from the current and any future campaigns.

Analysis of the Provided Options:

A . Accept All Offers:

There is no predefined response option that allows suppliers to accept all past and future offers in a single action. Acceptance is either for a specific one-time offer or through enrollment in a standing offer for future invoices.

B . Decline the Offer:

This is a valid predefined response. Suppliers can choose to decline the current offer, indicating they are not interested in the proposed early payment discount for the specified invoices.

C . Subscribe:

While suppliers can unsubscribe from receiving future offers, there isn't a specific 'Subscribe' option. Suppliers are considered participants by default and can choose to enroll in standing offers or accept individual offers.

D . Enroll in a Standing Offer:

This is a valid predefined response. Suppliers can enroll in a standing offer, agreeing to early payment discounts on all future eligible invoices automatically.

Conclusion:

The correct predefined response options available to suppliers are B. Decline the Offer and D. Enroll in a Standing Offer. These options provide suppliers with the flexibility to manage their participation in early payment discount programs effectively.

Oracle Help Center: Early Payment Discount Offers

Oracle Help Center: Email Campaigns