Authentic Oracle Certification Exam 1z0-1055-24 Questions Answers

[Reference: How Corporate Card Transactions for Inactive Employees Are Processed, Grace Period (Option D):, Role in Processing: A grace period can be configured to allow the system to process transactions that are posted after an employee's termination date. This ensures that any legitimate business expenses incurred shortly before termination are not overlooked. The default grace period is set to 0 days but can be adjusted as needed., Configuration Path: To modify the grace period, navigate to the Manage Expenses System Options page:, In the Setup and Maintenance work area, select:, Offering: Financials, Functional Area: Expenses, Task: Manage Expenses System Options, Reference: How Corporate Card Transactions for Inactive Employees Are Processed, Options Not Included:, Outstanding Cash Advances (Option B):, This pertains to any cash amounts advanced to employees that have not yet been reconciled. The processes in question focus on corporate card transactions and do not directly address outstanding cash advances., Individual Pay Liability (Option C):, This refers to scenarios where employees are responsible for paying their corporate card bills directly (Individual Pay). The processes mentioned are designed to handle transactions for inactive employees, regardless of the payment liability setup (Individual Pay, Company Pay, or Both Pay)., By utilizing these processes and configuring the grace period appropriately, companies can ensure that all valid business expenses incurred by inactive employees are processed efficiently, thereby maintaining good standing with corporate card providers and ensuring accurate financial reporting., References:, How Corporate Card Transactions for Inactive Employees Are Processed, , ]

[Reference: Oracle Payables Invoice Processing Guide, The Payment Supplier Site Selected Differs from the Supplier Site on the Invoice (Option C):, Explanation: Invoices are tied to a specific supplier site. If the supplier site selected when creating the payment does not match the supplier site on the invoice, the invoice will not be available for selection., Resolution: Ensure that the supplier site selected on the Create Payment page matches the supplier site associated with the invoice., Reference: Oracle Fusion Payables: Understanding Supplier Sites, Options B and D Analysis:, The Invoice is Not Yet Due (Option B):, While an invoice’s due date impacts its eligibility for automatic payment processing (such as Payment Process Requests), it does not prevent an invoice from being selected manually for an off-cycle, single payment., Verdict: Not a valid reason for invoice non-selection., The Invoice is Not Accounted (Option D):, An invoice does not need to be accounted before payment; payment can be processed first, and accounting entries can be created afterward., Verdict: Not a valid reason for invoice non-selection., Thus, the correct answers are A. The invoice is not validated and C. The supplier site on the invoice does not match the supplier site selected during payment creation., , ]