Exam Code: 1Z0-1055-23
Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
Version: V13.25
Q & A: 72 Questions and Answers
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NEW QUESTION: 1
Which two configurable options apply to both virtual machine CPU and memory allocation?
(Choose two.)
A. Reserve All
B. Resource Pool
C. Reservation
D. Shares
Answer: C,D
NEW QUESTION: 2
An auditor selected items for test counts while observing a client's physical inventory. The auditor then
traced the test counts to the client's inventory listing. This procedure most likely obtained evidence
concerning management's assertion of:
A. Completeness.
B. Valuation.
C. Rights and obligations.
D. Existence.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. When an auditor selects items for test counts and traces the test counts to the
client's inventory listing, the auditor has obtained evidence concerning management's assertion of
completeness (All inventory on hand has been properly included in the physical listing.)
Choice "A" is incorrect. The assertion of rights and obligations would be tested by examining paid vendor's
invoices, consignment agreements, and contracts.
Choice "C" is incorrect. The assertion of existence would be supported by selecting from a sample of
inventory items included in the physical listing and tracing to the floor to determine that the inventory was
actually on hand. (Note how changing the direction of testing provides evidence for different assertions.)
Choice "D" is incorrect. Valuation pertains to presentation of balances at their appropriate amounts,
whereas tracing test counts to the client's inventory listing relates to the testing of inventory quantities.
NEW QUESTION: 3
To quickly obtain information about the AC from which an STA goes online, the online status of all ACs in the roaming group and STAs must be saved on each AC.
A. FALSE
B. TRUE
Answer: B
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