Get 100% Passing Success With True 1z0-1055-20 Exam! [Sep-2021]
Oracle 1z0-1055-20 PDF Questions - Exceptional Practice To Oracle Financials Cloud: Payables 2020 Implementation Essentials
NEW QUESTION 21
Which invoice types can be included in the Create Payment flow?
- A. Standard, Credit Memo and Debit Memo
- B. Standard, Debit Memo and Customer Refund
- C. Standard, Credit Memo and Customer Refund
- D. Standard, Credit Memo, and Invoice Request
Answer: A
NEW QUESTION 22
You need to create a recurring expense for one of your regular expenses.
Which three are frequencies that you can choose for these types of expenses? (Choose three.)
- A. Weekly
- B. Bimonthly
- C. Annually
- D. Monthly
- E. Biweekly
Answer: A,B,D
NEW QUESTION 23
Which two statements are true about the Invoice Validation process? (Choose two.)
- A. opens the relevant accounting period
- B. updates supplier balances
- C. creates accounting entries in draft
- D. validates project information
- E. creates tax lines and distributions
Answer: D,E
Explanation:
Explanation
Invoice validations
Etc.
References: https://docs.oracle.com/cloud/farel9/financialscs_gs/FAPPP/F1011878AN100C4.htm
NEW QUESTION 24
You want your expense auditors to audit only expense reports for specific business units. How do you do this?
- A. Create a custom duty role and assign the data roles to each auditor.
- B. Assign the expense auditors job role and business unit security context and value to the user.
- C. Create your own audit extension rules that correspond to the business unit.
- D. Make auditors the managers of the corresponding business unit to route expense reports properly.
Answer: B
NEW QUESTION 25
What are the output formats supported for Electronic and Check format programs?
- A. Electronic output format of Text, Check output format of Text
- B. Electronic output format of DATA (csv), Check output format of Zipped PDFs
- C. Electronic output format of PDF, Check output format of PDF
- D. Electronic output format of XML, Check output format of rtf
- E. Electronic output format of eText, Check output format of rtf
Answer: E
Explanation:
Explanation
The eText template is used specifically for electronic data interchange (EDI) and electronic funds transfer(EFT).
References: https://docs.oracle.com/cd/E56614_01/common_op/OAEXT/F1203011AN1CABC.htm
NEW QUESTION 26
What is the result of voiding a payment?
- A. The payment is no longer valid.
- B. A stop payment request has been initiated to the bank.
- C. The payment is reconciled to the bank statement.
- D. A bills payable payment was created but is not yet matured.
Answer: A
NEW QUESTION 27
What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?
- A. values that are organized into parent-child relationships
- B. data that is metric and can be added up or aggregated
- C. data that provides a measure of something
- D. information about a business object with values that are dates, Ids or text
Answer: D
NEW QUESTION 28
You have an invoice with a payment term that has the following settings:
* Day of Month = 15
* Cut off Day = 11
* Months Ahead = 0
* Terms Date on Invoice = January 12th
What will the resulting due date for the invoice installment be?
- A. April 15th
- B. January 15th
- C. February 15th
- D. March 15th
Answer: C
NEW QUESTION 29
XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However, when reviewing the invoice installments for XYZ Supplier the payables specialist is unable to override the remit-to supplier name and address on the Invoice installments.
What is the reason for this?
- A. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Common Options for Payables and Procurement page for the business unit.
- B. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Disbursement System Options page for the business unit.
- C. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Invoice Options page for the business unit.
- D. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Payment Options page for the business unit.
Answer: C
NEW QUESTION 30
Which component is not included in the security architecture for credit card data and bank account data encryption?
- A. Payments subkeys
- B. Oracle Wallet
- C. Supplier master encryption key
- D. Sensitive data encryption and storage
- E. Payments master encryption key
Answer: C
NEW QUESTION 31
While entering an expense report for your corporate card transactions, you notice that the conversion rate defined in the Manage Conversion Rates and Policies page is not used.
What is the reason?
- A. Only cash transactions use those settings.
- B. You did not define conversion rates in the General Ledger Cloud.
- C. You did not define conversion rates for your business unit.
- D. You did not specify a default expense template.
Answer: A
Explanation:
Explanation
Conversion rate behavior applies only to cash expenses, not to corporate card expenses.
References:https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAIEX/F1456644AN125F2.htm
NEW QUESTION 32
You have an invoice for a three-month lease and wish to recognize the expense monthly for the duration of the lease.
What must be entered on the invoice in order to do this?
- A. You must provide a start date, an end date, and the accrual account for the prepaid expenses in the invoice lines or distributions.
- B. You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.
- C. You must provide a start date and an end date for the prepaid expenses in the invoice lines or distributions.
- D. You must provide a start date and the accrual account for the prepaid expenses in the invoice lines or distributions.
Answer: B
NEW QUESTION 33
Which reports can show you differences between your subledger balances and general ledger balances to help you reconcile quickly?
- A. Payables Trial Balance and General Ledger Trial Balance reports
- B. Payables Aging reports with the General Ledger Trial Balance report
- C. General Ledger Financial Statements and the Accounts Payable and Invoice Registers
- D. Payables to Ledger Reconciliation report
Answer: A
Explanation:
Explanation
Payables Trial Balance Report lists and subtotals by supplier and liability account all unpaid and partially paid invoices thatPayables transferred to the general ledger. Accounts Payable Trial Balance Report helps to verify that total accounts payable liabilities in Payables equal to those in the Fusion General Ledger.
References:
http://apps2fusion.com/oracle-fusion-online-training/fusion-applications/oracle-fusion-financials/fusion-financia o-generate-trial-balance-report
NEW QUESTION 34
Which three reports are generated by the export setup data process? (Choose three.)
- A. Process Results Detail Listing Report
- B. Process Results Report
- C. Process Results Summary Report
- D. Exported Business Object Report
- E. Setup Data Report
Answer: B,C,E
NEW QUESTION 35
You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?
- A. Imported
- B. Not Validated
- C. Validated
- D. Not Required
- E. Needs Revalidation
Answer: A
Explanation:
Explanation
After the import process builds the invoices, the invoices can be viewed, modified, and validated on the Manage Invoices page.
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_A149B7BD08207B6DE040D30A6881633
NEW QUESTION 36
Your customer has implemented English as base language and French as a local language. The customer's bank needs the payment file to be sent to them in French. What is the relevant step to do this for preparing the payment template?
- A. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.
- B. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region. Use English locale and generate the XLIFF file.
Then upload the file back under the translated region. - C. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder, under the templates region. Use English locale and generate the XLIFF file.
Then upload the file back under the translated region. - D. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with English locale.
Answer: C
NEW QUESTION 37
Your customer has requested a modification to the payment file to meet the acceptable bank standards. The changes were based on a format of a seeded payment process profile which is already in use. The only changes made are to the field positions. What two steps can make these changes work?
- A. Create a new template to make changes as requested by the bank.
- B. Create a newpayment process profile and a new format program.
- C. Copy and modify the existing template to alter the positions as requested by the bank.
- D. No change in the template is needed as we can achieve this using user-defined validations to move the positions as required.
- E. Keep the payment process profile and leave the format programs unchanged.
- F. Oracle Data Integrator or Golden Gate can be used to map the fields as required.
Answer: A,C
NEW QUESTION 38
An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected for payment processing.
What are the two possible reasons for this? (Choose two.)
- A. The pay-through date is in a closed Payables period.
- B. The invoice needs re-validation.
- C. The pay-through date is in a future period.
- D. The invoice requires approval.
- E. The invoice has not been accounted.
Answer: B,D
NEW QUESTION 39
You have three procurement business units, four requisition business units and five sold-to business units. For which will the supplier registration flows be deployed?
- A. four requisition business units
- B. five sold-to business units
- C. one business unit per supplier
- D. twelve business units per supplier
- E. three procurement business units
Answer: E
Explanation:
Explanation
A supplier is modeled as a global entity, meaning it is not created within a business unit or any other organizational context. A procurement business unit establishes a relationship with asupplier through the creation of a site which maintains internal controls for how procure to pay transactions are executed with the supplier. The other entities of the supplier profile capture mostly external information that is provided by the supplier, such as taxidentifiers, addresses, contact information, and so on.
References:https://docs.oracle.com/cd/E51367_01/procurementop_gs/OAPRC/F1007476AN106E5.htm
NEW QUESTION 40
Your client company wants to ensure that the payments they are sending to their financial institution are valid and formatted correctly. They would like to identify any validation failures as early in the process as possible.
Where would you suggest the validations are set?
- A. Disbursement Bank Account
- B. Payment Terms
- C. Payment Method
- D. Supplier Site
- E. Payment Format
Answer: C
NEW QUESTION 41
Which three are supported image formats for the Integrated Imaging solution? (Choose three.)
- A. XLS
- B. JPEG
- C. TIFF
- D. RTF
- E. PNG
Answer: B,C,E
NEW QUESTION 42
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