Oracle Financials Cloud: Payables 2019 Implementation Essentials - 1Z1-1055 Exam Practice Test

A. Any realized gain or loss previously calculated is reversed.

B. All related interest invoices are reversed if previously created.

C. Voiding the payment automatically places an invoice on hold.

D. Any previous accounting and payment records for an invoice are reversed.

E. All related withholding tax invoices are automatically voided.

A. Create your own audit extension rules that correspond to the business unit.

B. Assign the expense auditors job role and business unit security context and value to the user.

C. Make auditors the managers of the corresponding business unit to route expense reports properly.

D. Create a custom duty role and assign the data roles to each auditor.

A. Create your own audit extension rules that correspond to the business unit.

B. Make auditors the managersof the corresponding business unit to route expense reports properly.

C. Assign the auditors' specific data roles for the corresponding business units.

D. Create a custom duty role and assign the data roles to each auditor.

A. Modify your template to hard code the value "Domestic" for the pay group position.

B. Define a user validation at the formatprogram to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Format Program Code", condition "Equal to String" and value - as desired.

C. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Document pay group", condition "Required" and value - not applicable.

D. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", and value "Domestic".

A. Oracle Transactional Business Intelligence (OTBI)

B. by creating accounting in draft mode

C. by using Tax Simulator to test

D. by creating a payable invoice, and by validating and reviewing the tax application

E. by changing the tax status to test and then entering a payables invoice

A. Manage Invoice Options and Manage common options for Payables and Procurement

B. Manage common options for Payables and Procurement and Manage Procurement agents

C. Manage Invoice Options and Manage Procurement agents

D. Manage Payment Options and Manage common options for Payables and Procurement

E. Manage Payable Options and Manage Invoice Options

A. Supplier Site

B. Payment Terms

C. Payment Format

D. Payment Method

E. Disbursement Bank Account

A. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.

B. For period end accruals, accounting is created at material receipt or at delivery to a final destination.

C. For period end accruals, the invoice accounting debits the expense account and credits the liability account.

D. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.