Free Download 1z0-1005 Examp Dump: Oracle.1z0-1005.PracticeTest.2019-06-26.34q.vcex

File Info

Exam	Oracle Financials Cloud: Payables 2018 Implementation Essentials
Number	1z0-1005
File Name	Oracle.1z0-1005.PracticeTest.2019-06-26.34q.vcex
Size	24 KB
Posted	Jun 26, 2019
Download	Oracle.1z0-1005.PracticeTest.2019-06-26.34q.vcex

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Demo Questions

Question 1

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?

Manage Invoice Options and Manage common options for Payables and Procurement
Manage Payable Options and Manage Invoice Options
Manage Invoice Options and Manage Procurement agents
Manage common options for Payables and Procurement and Manage Procurement agents
Manage Payment Options and Manage common options for Payables and Procurement

Correct answer: E

Question 2

Which method can you use to route payment approval rules?

Approval Groups
Sequential
Both Parallel and Sequential
Parallel
Serial and FYI (For Your Information)

Correct answer: A

Explanation:

Question 3

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?

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

Correct answer: A

Question 4

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?

Payable’s Automatic Offset
Intercompany Balancing
Subledger Accounting’s Account Rules
Suspense Accounts
Payables’ Allow Reconciliation Accounting

Correct answer: A

Question 5

You want 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?

InvoiceApproversFYIParticipantInParallelMode
InvoiceApproversSingleParticipantInParallelMode
InvoiceApproversParallelParticipantInParallelMode
Invoice Approvers

Correct answer: B

Question 6

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

yes, by canceling the payment process from the process monitor
Cancel the invoice and create a new one.
yes, by voiding the payment created
yes, by creating a credit memo to offset the payment
no

Correct answer: C

Question 7

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?

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

Correct answer: CE

Question 8

You have successfully processed the expense reports for reimbursement and have transferred the information to Payables. What is the next step before you can pay them?

Transfer the data to General Ledger.
Validate the invoice in Payables.
Create a payment process request in Payments.
Create Accounting for the invoice in Payables.

Correct answer: B

Question 9

Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run?

For the Legal Jurisdiction, Legal function: “Generate intercompany invoice” should be assigned.
Schedule create accounting for the intercompany process.
Supplier site primary pay flag and customer account bill to primary flag should be enabled.
Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.
Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.
Manual Approvals should be allowed for the transaction type.