Oracle Financials Cloud: Payables 2018 Implementation Essentials - 1Z0-1005 Exam Practice Test

A. It allows approvers to review payments and decide whether or not to approve a payment.

B. It defines when to initiate the payment approval process.

C. It determines which payments must go through the payment approval process.

D. It defines a list of approvers who review payments and make final payment decisions.

E. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.

A. The purchase order payment term cannot be overridden.

B. The payment term of the purchase order overrides the invoice payment term.

C. The user needs to manually change the payment term on the invoice to match the purchase order payment term.

D. The payment term of the invoice overrides the purchase order payment term.

E. The user needs to specify which payment term to use.

A. unaccounted invoices and payments

B. open intercompany transactions

C. unapplied prepayments

D. suppliers on payment holds

E. bills payable requiring maturity

A. Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.

B. Make sure all the invoice dates are the same.

C. Assign the same Invoice Header Identifier to multiple invoices you want to group.

D. Make sure the Invoice Number is the same.

E. Enter a value in the Invoice Group field to group similar invoices into a batch.

A. Ad hoc payments

B. Customer refunds

C. Reimbursement of employee expense reports

D. Supplier payments

E. Employee advances

A. Both the invoice and the credit memo are paid and a refund of $25 USD is created.

B. Neither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero.

C. Both the invoice and the credit memo are selected and the Payment Process Request requires attention.

D. Both the invoice and credit memo are included in the payment process request for a payment amount of
$0 USD. The credit memo is partially paid with a remaining credit of $25 USD.

A. You can export and import the custom roles from Oracle Identity Manager.

B. You can export and import the approval rules from the approval management engine.

C. You can export and import selected business units.

D. You can export and import the allocation rules from the allocation manager.

E. You can export and import selected business object services.

A. One to One rules should be sequenced below rules of other types.

B. One to One rules should be sequenced above rules of other types.

C. Many to Many rules should always be used last in the sequence.

D. Many to Many rules should always be used first in the sequence.

A. The invoice has been partially paid by another payment.

B. The invoice is already on hold.

C. The invoice date is not in the current open period.

D. The invoice accounting date is not in the current open period.

A. Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.

B. Schedule create accounting for the intercompany process.

C. Manual Approvals should be allowed for the transaction type.

D. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.

E. For the Legal Jurisdiction, Legal function: "Generate intercompany invoice" should be assigned.

F. Supplier site primary pay flag and customer account bill to primary flag should be enabled.