File Info
| Exam | Oracle Financials Cloud: Payables 2018 Implementation Essentials |
| Number | 1z0-1005 |
| File Name | Oracle.1z0-1005.TestKing.2019-06-11.37q.vcex |
| Size | 24 KB |
| Posted | Jun 11, 2019 |
| Download | Oracle.1z0-1005.TestKing.2019-06-11.37q.vcex |
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Demo Questions
Question 1
What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?
- Standard Invoice
- Standard invoice request
- Credit Memo
- Supplier payment request
- iSupplier Invoice
Correct answer: B
Question 2
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which action will accomplish this?
- Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
- Define the Disbursement Bank Account to the Payment Method in payment default rules.
- Define the Disbursement Bank Account to every supplier.
- Create a Payment Process Request template that includes the Disbursement Bank Account.
- Assign the Disbursement Bank Account to users to have the payment process default the bank account.
Correct answer: BD
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?
- 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 4
When creating a check payment, from where is the payment document defaulted?
- Legal Entity
- Bank
- Business Unit
- Bank Account
- Supplier
Correct answer: D
Question 5
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 6
You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?
- Needs Revalidation
- Not Validated
- Not Required
- Imported
- Validated
Correct answer: B
Question 7
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 8
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.
Correct answer: CE
Question 9
In what order should the import process be run when importing suppliers?
- Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
- Supplier, Supplier Site, Supplier Site Contacts, Supplier Site Assignments
- Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
- any order
Correct answer: B
Question 10
What happens if a company runs the payables Unaccounted Transactions Sweep program for February 2016 if the invoices with a Hold status have an invoice date of January 20, 2016?
- The accounting dates of all unaccounted invoices will be changed to February 20,2016, the same day of the next period.
- The accounting dates of all unaccounted invoices will change to February 28, 2016, the last day of the next period.
- The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2016.
- The accounting dates of all unaccounted invoices will be changed to February 1, 2016, the first day of the next period.
Correct answer: D
