Download Oracle Financials Cloud-Payables 2018 Implementation Essentials.pass4sureexam.1z0-1005.1e.57q.vcex


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Exam Oracle Financials Cloud: Payables 2018 Implementation Essentials
Number 1z0-1005
File Name Oracle Financials Cloud-Payables 2018 Implementation Essentials.pass4sureexam.1z0-1005.1e.57q.vcex
Size 35 Kb
Posted November 30, 1999
Downloads 26



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Demo Questions

Question 1
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request. 
Which actions will accomplish this? (Choose two.)

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



Question 2
Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?

  • A: Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
  • B: Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
  • C: Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
  • D: Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.



Question 3
A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross currency rate type the default?

  • A: Manage Invoice Options and Manage common options for Payables and Procurement
  • B: Manage Payable Options and Manage Invoice Options
  • C: Manage Invoice Options and Manage Procurement agents
  • D: Manage common options for Payables and Procurement and Manage Procurement agents
  • E: Manage Payment Options and Manage common options for Payables and Procurement



Question 4
Which method can you use to route payment approval rules?

  • A: Approval Groups
  • B: Sequential
  • C: Both Parallel and Sequential
  • D: Parallel
  • E: Serial and FYI (For Your Information)



Question 5
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 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.
  • B: Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.
  • C: Enter and post a manual journal entry directly into the general ledger.
  • D: Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.



Question 6
You have invoices with distributions across primary balancing segments that represent different companies. 
What feature should you use if you want the system to automatically balance your invoice’s liability amount across the same balancing segments on the invoice distributions?

  • A: Payable’s Automatic Offset
  • B: Intercompany Balancing
  • C: Subledger Accounting’s Account Rules
  • D: Suspense Accounts
  • E: Payables’ Allow Reconciliation Accounting



Question 7
If you accidentally paid an invoice using Create Payment flow, can you undo the operation?

  • A: yes, by canceling the payment process from the process monitor
  • B: Cancel the invoice and create a new one.
  • C: yes, by voiding the payment created
  • D: yes, by creating a credit memo to offset the payment
  • E: no



Question 8
When reviewing installments, what setup is required to override the supplier site on an invoice?

  • A: Allow the remit-to supplier override for third-party payments at Manage Invoice options.
  • B: Allow the remit-to supplier address override for third-party payments at Manage Invoice options.
  • C: Allow payee to override for third-party payments while Manage Invoice options.
  • D: Allow the remit-to supplier override for third-party payments at Manage Payment options.



Question 9
Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

  • A: The user needs to specify which payment term to use.
  • B: The payment term of the purchase order overrides the invoice payment term.
  • C: The payment term of the invoice overrides the purchase order payment term.
  • D: The purchase order payment term cannot be overridden.
  • E: The user needs to manually change the payment term on the invoice to match the purchase order payment term.



Question 10
Which two statements are true when you are using the Intercompany Reconciliation Reports? (Choose two.)

  • A: You must run the prepare Intercompany Reconciliation Reporting Information process.
  • B: The reconciliation period summary report will not show the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.
  • C: The reports will show the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
  • D: The reports will include Ledger balancing lines generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.
  • E: You can drill down on the links in the Period Summary report to view the balances by Intercompany Organization.








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