Oracle Financials Cloud: Payables 2022 Implementation Professional - 1z0-1055-22 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

You need to create a payment for a supplier before the next payment run. The invoice you wish to pay is not available for selection in the Create Payment page.
Which two are possible reasons for this? (Choose two.)

A. The invoice is not accounted. B. The invoice is not yet due. C. The payment method for the invoice is Electronic. D. The invoice is not validated. E. The payment supplier site is different to the supplier site on the invoice.

Discussion 0

Correct Answer: B,D Vote an answer

Question 2

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: C Vote an answer

Question 3

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. February 15th B. March 15th C. January 15th D. April 15th

Discussion 0

Correct Answer: A Vote an answer

Question 4

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 5

In the implementation project, there is a requirement to add new transactional attributes to the Expense Approver Report workflow notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

A. The Style-Template B. The Data Model C. The layout-template D. The original Source E. The Output types

Discussion 0

Correct Answer: A,C Vote an answer

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Question 6

You use corporate cards with expenses and have implemented the Company Pay payment option. An employee incurred the following expenses.
What is the resulting payment amount made to the employee for these expenses?

A. 201 B. 949 C. 500 D. 1449

Discussion 0

Correct Answer: B Vote an answer

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Question 7

A Bill Payable document was paid but has not yet matured.
What is the status of the payment?

A. Cleared B. Issued C. Negotiable D. In Transit

Discussion 0

Correct Answer: B Vote an answer

Question 8

A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which two actions will accomplish this? (Choose two.)

A. Define the Disbursement Bank Account to the Payment Method in payment default rules. B. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account. C. Create a Payment Process Request template that includes the Disbursement Bank Account. D. Assign the Disbursement Bank Account to users to have the payment process default the bank account. E. Define the Disbursement Bank Account in the Payment tab at the supplier site level.

Discussion 0

Correct Answer: B,C Vote an answer

Question 9

Identify three scenarios where you are not allowed to cancel an invoice. (Choose three.)

A. An accounting entry has been created for the invoice. B. The invoice was adjusted by a credit or a debit memo. C. Prepayments were applied to the invoice. D. The invoice is validated. E. The invoice is fully or partially paid.

Discussion 0

Correct Answer: B,C,E Vote an answer

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Question 10

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