Oracle Financials Cloud: Payables 2020 Implementation Essentials - 1z0-1055-20 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Which three attributes are captured during the scanning of invoice images?

A. PO Number B. Invoice Date C. Payment Method D. Invoice Number E. Terms Date

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Correct Answer: A,B,D Vote an answer

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Question 2

Which two statements are true about the Invoice Validation process? (Choose two.)

A. creates accounting entries in draft B. opens the relevant accounting period C. creates tax lines and distributions D. updates supplier balances E. validates project information

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Correct Answer: C,E Vote an answer

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Question 3

You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?

A. Run the invoice validation program. B. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process. C. Run the create accounting program. D. Remove the documents or payments causing the error and resume the payment process. E. Terminate the payment process request.

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Correct Answer: B,D Vote an answer

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Question 4

You entered an invoice of 12,000 and paid it for Office Suppliers. The payment was never received by the supplier, and you decide to return the entire order. What should you do?

A. Issue a credit memo, which will debit the liability and credit the expense. B. Cancel the invoice, which debits the liability and credits the expense. C. Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits the liability and credits the expense. D. Void the payment, which debits cash and credits the liability, and then issue a credit memo, which debits the liability and credits the expense.

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Correct Answer: C Vote an answer

Question 5

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 invoice needs re-validation. B. The invoice has not been accounted. C. The pay-through date is in a future period. D. The invoice requires approval. E. The pay-through date is in a closed Payables period.

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Correct Answer: A,D Vote an answer

Question 6

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. B. Assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles to each Expense Auditor. C. Assign the Expense Auditor job roles to each auditor. D. Use segment valuesecurity rules to secure access to business units.

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Correct Answer: B Vote an answer

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Question 7

Which two statements are true related to configuration package? (Choose two.)

A. You can export and import the approval rules from the approval management engine. B. You can export and import the allocation rules from the allocation manager. C. You can export and import the custom roles from Oracle Identity Manager. D. You can export and import selected business object services. E. You can export and import selected business units.

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Correct Answer: C,D Vote an answer

Question 8

What is the recommendation when setting up Reconciliation Rule Sets?

A. Many to Many rules should always be used first in the sequence. B. Many to Many rules should always be used last in the sequence. C. One to One rules should be sequenced below rules of other types. D. One to One rules should be sequenced above rules of other types.

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Correct Answer: D Vote an answer