Oracle Financials Cloud: Payables 2018 Implementation Essentials - 1Z1-1005 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Your customer matches their invoices to a purchase order and have noticed that the payment terms are defaulting from the order. For some suppliers, they would like to use the payment terms from the supplier site.
How can the customer achieve this?

A. Enter the payment terms in the Manage Invoice Options page so they default onto the invoice. B. Enter the payment terms at the Supplier level so they default onto the invoice. C. Enter the payment terms in the Manage Payment Options page so they default onto the invoice. D. Enter the payment terms at the supplier site level so they default onto the invoice. E. Manually override the payment terms that have defaulted from the purchase order for those suppliers.

Discussion 0

Correct Answer: E Vote an answer

Question 2

What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?

A. iSupplier Invoice B. Standard Invoice C. Supplier payment request D. Credit Memo E. Standard invoice request

Discussion 0

Correct Answer: E Vote an answer

Question 3

How will system evaluate the tolerances for expense reports?

A. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)*currency precision. B. System will calculate error tolerance as Policy Rate * (1+Warning Tolerance+ Error Tolerance/100). C. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100). D. System will use absolute amount tolerance setup to do validations. E. System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100)|) currency precision.

Discussion 0

Correct Answer: B Vote an answer

Question 4

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. Annually C. Monthly D. Biweekly E. Bimonthly

Discussion 0

Correct Answer: A,C,E Vote an answer

Question 5

The payment build program has completed but with errors.
When submitting the payment process request, which processing option is used to review the error messages from the Manage Payment Process Request Inquiry?

A. Set the validation failure handling for payments to "stop process for review." B. Set the validation failure handling for payments to "show errors." C. Set the validation failure handling for documents to "show errors." D. Enable debug for the payment format program.

Discussion 0

Correct Answer: A Vote an answer

Question 6

You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post the invoice to general ledger?

A. Enter and post a manual journal entry directly into the general ledger. B. Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option. C. Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet. D. Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger's Manage Journals page and post the associated invoice journal entry.

Discussion 0

Correct Answer: D Vote an answer

Question 7

Your company policy requires imaged receipts for expense reports.
Which two statements are true about the association of a receipt to an expense report? (Choose two.)

A. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report. B. An expense report may require original, imaged, or both types of receipts. C. Employees are not reimbursed for expense report expenditures until missing or overdue imaged receipts are submitted. D. Receipts are not required if the expense item falls within Per Diem Rates.

Discussion 0

Correct Answer: A,B Vote an answer

Question 8

What two job roles are required to access information within Functional Setup Manager? (Choose two.)

A. Application Implementation Manager B. Any Functional User C. Application Implementation Consultant D. Functional Setup Manager Superuser E. IT Security Manager

Discussion 0

Correct Answer: A,C Vote an answer

Question 9

You have two business units: Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?

A. Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set Assignments page. B. Assign the Expense Auditor job role to each auditor and use a data access set to associate the business unit to the role. C. Assign the Expense Auditor job role to each auditor and associate the business unit to the role by using the Manage Data Access for Users page. D. Assign the Expense Auditor job role to each auditor and use segment value security rules to secure access to the business units.

Discussion 0

Correct Answer: C Vote an answer

Question 10

You need to submit a 1099 report; your State format has changed slightly since last year. How should you submit your 1099s for the State in the current year?

A. Generate a 1096 form and submit it instead. B. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report. C. Run and submit your 1099s because it will automatically reflect any changes. D. Manually enter the 1099s for the State and submit.

Discussion 0

Correct Answer: B Vote an answer