[Nov-2021] 1z0-1055-20 Dumps PDF - 1z0-1055-20 Real Exam Questions Answers
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Oracle 1z0-1055-20 Exam Syllabus Topics:
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NEW QUESTION 19
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 and then validate, account, and post the invoice from the spreadsheet.
- B. 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.
- C. Enter and post a manual journal entry directly into the general ledger.
- D. Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.
Answer: D
NEW QUESTION 20
An invoice for $200 USD and a credit memo for $225 USD are due for payment and the "Apply credits up to zero amount" option is enabled for the payment process request. Which statement is correct?
- A. The payment process request creates a refund for $225 USD and leaves the invoice unpaid.
- B. The payment process request pays only $200 USD alone.
- C. The payment process request doesn't select the invoice or credit memo for payment because the credit reduces the payment to - $25 USD, which is below zero.
- D. The payment process request applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.
Answer: D
Explanation:
Explanation
When you submit a "payment process request", you can enable the Apply credits up to zero amount payment option. Enablingthe option causes the payment process to apply credits when the credits reduce the payment amount below zero.
The following scenario illustrate the impact of this option.
Credit Amount Greater Than Invoice Amount
An invoice for 200 USD and a credit memofor 225 USD are due for payment.
The following table describes the payment processing that occurs based on the setting for the Apply credits up to zero amount payment option.
Assume that the "Apply Credits Up to Zero Amount" option is enabled.
Payment processing applies 200 USD of the credit memo to the invoice and creates a payment for 0 USD. The remaining credit is 25 USD.
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9F438E13CC89BA0CE040D30A68816F7
NEW QUESTION 21
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? (Choose two.)
- A. The pay-through date is in a future period.
- B. The pay-through date is in a closed Payables period.
- C. The invoice needs re-validation.
- D. The invoice requires approval.
- E. The invoice has not been accounted.
Answer: C,D
NEW QUESTION 22
Your customer has implemented English as base language and French as a local language. The customer's bank needs the payment file to be sent to them in French. What is the relevant step to do this for preparing the payment template?
- A. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder, under the templates region. Use English locale and generate the XLIFF file.
Then upload the file back under the translated region. - B. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region. Use English locale and generate the XLIFF file.
Then upload the file back under the translated region. - C. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.
- D. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with English locale.
Answer: A
NEW QUESTION 23
You are voiding a payment and have selected Cancel as the Invoice Action. After performing the void, you notice the invoice is not cancelled but has an Invoice Cancel hold on it.
What is reason for this?
- A. The invoice date is not in the current open period.
- B. The invoice is already on hold.
- C. The invoice accounting date is not in the current open period.
- D. The invoice has been partially paid by another payment.
Answer: D
NEW QUESTION 24
Identify two ways the invoice imaging solution works in the Cloud. (Choose two.)
- A. Customers cannot use invoice imaging in the Cloud.
- B. Customers ask suppliers to send electronic invoices.
- C. Customers ask their suppliers to scan and email the invoice.
- D. Customers scan the invoice on-premise and email the images.
- E. Customers scan and store the invoice images on-premise and attach them during invoice entry.
Answer: C,D
NEW QUESTION 25
You have an invoice for a three-month lease and wish to recognize the expense monthly for the duration of the lease.
What must be entered on the invoice in order to do this?
- A. You must provide a start date, an end date, and the accrual account for the prepaid expenses in the invoice lines or distributions.
- B. You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.
- C. You must provide a start date and an end date for the prepaid expenses in the invoice lines or distributions.
- D. You must provide a start date and the accrual account for the prepaid expenses in the invoice lines or distributions.
Answer: B
NEW QUESTION 26
Which three are subject area subfolders that report Payables reconciliation differences to General Ledger?
(Choose three.)
- A. Reconciliation Invoice Details
- B. Reconciliation Invoice Request Details
- C. Reconciliation Payment Details
- D. Reconciliation Invoice Hold Details
- E. Reconciliation Prepayment Application Details
Answer: A,C,E
NEW QUESTION 27
If you accidentally paid an invoice using Create Payment flow, can you undo the operation?
- A. no
- B. Cancel the invoice and create a new one.
- C. yes, by canceling the payment process from the process monitor
- D. yes, by creating a credit memo to offset the payment
- E. yes, by voiding the payment created
Answer: A
Explanation:
Explanation
You cannot terminate a Payment Instruction:
References:https://docs.oracle.com/cd/E18727_01/doc.121/e12797/T295436T369088.htm
NEW QUESTION 28
Which three are valid reasons why you cannot close your Payables period? (Choose three.)
- A. Unaccounted invoices and payments
- B. Bills payable requiring maturity
- C. Suppliers on payment holds
- D. Unapplied prepayments
- E. Incomplete payment files
Answer: C,D,E
NEW QUESTION 29
Your customer matches their invoices to a purchase order and have noticed that the payment terms are defaulting from the order. For some suppliers, they would like to use the payment terms from the supplier site.
How can the customer achieve this?
- A. Enter the payment terms at the supplier site level so they default onto the invoice.
- B. Enter the payment terms at the Supplier level so they default onto the invoice.
- C. Enter the payment terms in the Manage Payment Options page so they default onto the invoice.
- D. Enter the payment terms in the Manage Invoice Options page so they default onto the invoice.
- E. Manually override the payment terms that have defaulted from the purchase order for those suppliers.
Answer: E
NEW QUESTION 30
Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?
- A. The payment term of the invoice overrides the purchase order payment term.
- B. The purchase order payment term cannot be overridden.
- 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 purchase order overrides the invoice payment term.
- E. The user needs to specify which payment term to use.
Answer: A
NEW QUESTION 31
You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?
- A. Run the create accounting program.
- B. Terminate the payment process request.
- C. Run the invoice validation program.
- D. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.
- E. Remove the documents or payments causing the error and resume the payment process.
Answer: D,E
Explanation:
Explanation
Using the Resolve Document Validation Errors Page, you may review the errors and takeaction. You may fix related data, such as third party payee information, and submit the documents for revalidation. You may also remove documents from the Payment Process Request, which sends the documents back to the source product with the validation failure reason, just as rejection does.
References:https://docs.oracle.com/cd/E18727_01/doc.121/e13415/T456136T484670.htm
NEW QUESTION 32
Identify three scenarios where you are not allowed to cancel an invoice. (Choose three.)
- A. The invoice is fully or partially paid.
- B. The invoice was adjusted by a credit or a debit memo.
- C. Prepayments were applied to the invoice.
- D. An accounting entry has been created for the invoice.
- E. The invoice is validated.
Answer: A,B,C
Explanation:
Explanation
Why can't I cancel an invoice?
The invoice is:
Additional reasons thatyou can't cancel an invoice are as follows:
You can cancel any unapproved invoice, or an approved invoice that does not have anyeffective payments or posting holds.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011878.htm#FAPPP1011878
NEW QUESTION 33
Your client company wants to ensure that the payments they are sending to their financial institution are valid and formatted correctly. They would like to identify any validation failures as early in the process as possible.
Where would you suggest the validations are set?
- A. Payment Format
- B. Payment Method
- C. Disbursement Bank Account
- D. Supplier Site
- E. Payment Terms
Answer: B
NEW QUESTION 34
What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?
- A. information about a business object with values that are dates, Ids or text
- B. data that is metric and can be added up or aggregated
- C. data that provides a measure of something
- D. values that are organized into parent-child relationships
Answer: A
NEW QUESTION 35
Your customer has requested a modification to the payment file to meet the acceptable bank standards. The changes were based on a format of a seeded payment process profile which is already in use. The only changes made are to the field positions. What two steps can make these changes work?
- A. Copy and modify the existing template to alter the positions as requested by the bank.
- B. Oracle Data Integrator or Golden Gate can be used to map the fields as required.
- C. Create a newpayment process profile and a new format program.
- D. Keep the payment process profile and leave the format programs unchanged.
- E. No change in the template is needed as we can achieve this using user-defined validations to move the positions as required.
- F. Create a new template to make changes as requested by the bank.
Answer: A,F
NEW QUESTION 36
You have a high volume of invoices to enter that have similar lines and do not require extensive validation.
What must you do if you want to group multiple invoices in a batch during spreadsheet entry?
- A. Assign the same Invoice Header Identifier to multiple invoices you want to group.
- B. Make sure the Invoice Number is the same.
- C. Enter a value in the Invoice Group field to group similar invoices into a batch.
- D. Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.
- E. Make sure all the invoice dates are the same.
Answer: D
Explanation:
Explanation
What's an invoice group?
A collection of invoices that is used as a parameter for the Validate Payables Invoice process, a selection criteria for submitting a payment process request, and a parameter in some reports. If you enable the invoice option Require invoice grouping, you must associate each invoice with an invoice group.
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAPPP/F1011878AN100C4.htm
NEW QUESTION 37
Identify three statements that indicate the purpose of Functional Setup Manager.
- A. It automatically generates lists of setup tasks in the correct sequence with dependencies highlighted.
- B. It automatically marks the completion status of tasks as Completed once they have been completed.
- C. It allows you to centrally manage the close processes across subledgers and ledgers.
- D. it allows you to assign setup tasks to individuals with due dates where users must manually update their completion status.
- E. It provides a central place to access and perform all of the setup steps across the applications.
Answer: A,B,E
Explanation:
Explanation
With Oracle Fusion Functional Setup Manager you can:
References:https://docs.oracle.com/cd/E56614_01/common_op/OAFSM/F1166427AN1007E.htm
NEW QUESTION 38
Which three are invoice types that can be entered using the Supplier Portal? (Choose three.)
- A. Purchase order matched invoices
- B. B2B XML invoices
- C. Invoices that are created from the Evaluated Receipt Settlement (ERS) process
- D. Invoices that are automatically created when the supplier creates an ASN for drop shipments
- E. Non purchase order matched invoices
Answer: A,B,C
NEW QUESTION 39
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