Free Oracle 1Z0-1005 Exam Practice Questions & Explanations
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An employee submits an expense report that includes a hotel charge automatically loaded from their corporate card feed. During the audit process, the auditor notices the charge lacks an itemized receipt and the policy requires receipts for any expense over $75. The auditor rejects the line item and requests the employee provide documentation before reimbursement can proceed.
True or False: In Oracle Expenses, corporate card transactions can be configured with audit rules that flag missing receipts or policy violations, requiring auditor review before the expense report is approved for reimbursement.
The statement is True. Oracle Expenses supports configurable audit rules and expense policies (including receipt requirement thresholds) that flag violations such as missing receipts. Flagged expense reports can be routed to auditors for review and action before final approval and reimbursement, which matches the scenario described.
A new supplier has been onboarded, and the AP team needs to ensure that all invoices from this supplier default to a 30-day payment term and a specific liability account without requiring manual entry on every invoice. Where should this configuration be maintained?
Correct answer: A. Supplier-level defaults such as payment terms and liability accounts are configured at the Supplier Site level under Invoicing and Payments, and are tied to the business unit assignment, so they automatically populate on invoices for that supplier. Expense Report templates (B) apply to employee expense reports, not supplier invoices. Payables Options (C) sets business-unit-wide defaults but does not override supplier-specific configurations, so relying on it alone is insufficient. Journal Entry rule sets (D) control GL posting logic, not invoice defaulting.
A company requires that any invoice exceeding $10,000 be routed through a multi-level approval hierarchy before it can be paid, using the organization's management chain. Which Oracle Financials Cloud feature should be configured to meet this requirement?
Correct answer: A. Invoice Approval uses BPM (Business Process Management) workflow rules that can be configured to route invoices for approval based on criteria such as amount thresholds and the supervisory (management chain) hierarchy. Cash Management (B) deals with bank reconciliation, not invoice approval. Supplier Qualification Management (C) relates to supplier onboarding and qualification, not invoice approval. Expense Report Audit Rules (D) apply to expense reports, not standard invoices.
An AP administrator wants to enable scanned paper invoices to be automatically converted into invoice records without manual data entry, using recognition technology to extract header and line information before routing for validation. Which Oracle solution should be configured to achieve this?
Correct answer: A. Oracle Intelligent Document Recognition (IDR) is the integrated imaging solution that uses recognition technology to capture header and line data from scanned or emailed invoice images, creating invoice records in Payables for review and validation. OTBI (B) is a reporting tool, not an imaging solution. Supplier Portal (C) allows suppliers to enter invoices directly rather than scanning paper documents. The Invoice Import spreadsheet (D) is used for bulk manual/import-based invoice creation, not image recognition.