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Question 1

You joined an OU Live Session for Oracle Financials centered on Expenses and learned about a new feature, Monthly and Lifetime Rate Limit Enforcement for Miscellaneous Policies. With this new feature, you can now enforce monthly and lifetime rate limits for miscellaneous expenses.
Based on which four values did the instructor say you can configure the rate limits?

A. Role
B. Location
C. Gender
D. Exchange Rate Conversion
E. Expense Type
F. Currency
G. Employee Management Level
H. Enforce the same rate limit for all employees.

Question 2

SIMULATION
MANAGE POLICIES BY EXPENSE CATEGORY
The US1 Business Unit has an expense policy on meals that allows an employee to claim 30 USD per day for an evening meal, regardless of their role and location.

Correct Answer:

See the Explanation for Step by Step Solution
Explanation:
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.

Question 3

Previously, cash advances were applied automatically to expenses when the auditor ran the expense reimbursement process. Now, Oracle Expenses allows employees to have the ability to manually apply their cash advances to the relevant expense report. As an Application Implementation Consultant, you advise your client to enable this feature and allow employees to perform manual application of cash advances to their expense reports for the US Business Unit.
Which statement is NOT true about this feature?

A. Employees need to include a justification if they don't apply an available cash advance when submitting an expense report.
B. Unused cash advance amounts are applied to the next expense report or refunded to the company by the employee.
C. Auditors can make changes to cash advances that are applied to an expense report.
D. If approvers or auditors reject expense reports, the cash advances that are applied to the reports are automatically removed and returned to the employee's available cash advances.

Question 4

Which three are valid reasons why you cannot close your Payables period?

A. Unaccounted invoices and payments
B. Suppliers on payment holds
C. Unapplied prepayments
D. Incomplete payment files
E. Bills payable requiring maturity

Question 5

You are a global process owner at a large company that handles a heavy amount of expenses due to travel and entertainment reimbursements. Employees want to have a streamlined expense reimbursement process because they spend a lot of time submitting their expense reports. You are very excited to introduce them to Oracle's functionality allowing them to create expenses directly from emails that a user forwards with receipt attachments.
Which two options can you set the Expense Attachment Preference to, when configuring this functionality in the application?

A. Attach the primary receipt from the email.
B. Attach custom email.
C. Attach the invoice.
D. Attach the email.
E. Attach multiple receipts from the email.


Exam Code/Number:	1Z0-1055-25Join the discussion
Exam Name:	Oracle Fusion Cloud Financials: Payables and Expenses 2025 Implementation Professional
Certification:	Oracle
Question Number:	56
Publish Date:	Jul 21, 2026
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