Oracle Financials Cloud: Payables 2023 Implementation Professional - 1Z0-1055-23 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

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. Supplier Site B. Payment Format C. Payment Method D. Disbursement Bank Account E. Payment Terms

Discussion 0

Correct Answer: A Vote an answer

Question 2

Your customer has an electronic payment format program in use and wants all the documents to use the pay group "Domestic". What should you do to achieve this?

A. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Document pay group", condition "Required" and value - not applicable. B. Modify your template to hard code the value "Domestic" for the pay group position. C. Define a user validation at the formatprogram to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Format Program Code", condition "Equal to String" and value - as desired. D. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", and value "Domestic".

Discussion 0

Correct Answer: C Vote an answer

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Question 3

Which three are Invoice Header attributes that can be used during invoice approval rule creation? (Choose three.)

A. Business Unit Name B. Accounting Date C. Requester Name D. Statistical Amount E. Pay Group Lookup Code

Discussion 0

Correct Answer: A,C,E Vote an answer

Question 4

Which three are subject area subfolders that report Payables reconciliation differences to General Ledger? (Choose three.)

A. Reconciliation Prepayment Application Details B. Reconciliation Invoice Details C. Reconciliation Payment Details D. Reconciliation Invoice Request Details E. Reconciliation Invoice Hold Details

Discussion 0

Correct Answer: B,C,D Vote an answer

Question 5

You need to route invoices to three different approvers at the same time, and only one approver needs to approve the invoice.
Which approval ruleset should you use?

A. SingleTypeParticipantInParallelModeRuleSet B. InvoiceApprovalRuleSet C. FyiTypeParticipantInParallelModeRuleSet D. ParallelTypeParticipantInParallelModeRuleSet

Discussion 0

Correct Answer: D Vote an answer

Question 6

Identify two ways the invoice imaging solution works in the Cloud.

A. Customers scan and store the invoice images on-premise and attach them during invoice entry. B. Customers ask their suppliers to scan and email the invoice. C. Customers ask suppliers to send electronic invoices. D. Customers cannot use invoice imaging in the Cloud. E. Customers scan the invoice on-premise and email the images.

Discussion 0

Correct Answer: D,E Vote an answer

Question 7

You are voiding a payment and have selected Cancel as the Invoice Action. After performing the void, you notice the invoice is not cancelled but has an Invoice Cancel hold on it.
What is reason for this?

A. The invoice is already on hold. B. The invoice accounting date is not in the current open period. C. The invoice date is not in the current open period. D. The invoice has been partially paid by another payment.

Discussion 0

Correct Answer: D Vote an answer