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Exam : 1z0-1055

Title : Oracle Financials Cloud:

Payables 2019
Implementation Essentials

Vendor : Oracle

Version : DEMO

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NO.1 The Accounts Payable Manager voided a foreign currency payment due to insufficient funds.
Which three statements are correct?
A. Any realized gain or loss previously calculated is reversed.
B. Any previous accounting and payment records for an invoice are reversed.
C. Voiding the payment automatically places an invoice on hold.
D. All related interest invoices are reversed if previously created.
E. All related withholding tax invoices are automatically voided.
Answer: A,B,D

NO.2 Which method can you use to route payment approval rules?
A. Parallel
B. Both Parallel and Sequential
C. Serial and FYI (For Your Information)
D. Approval Groups
E. Sequential
Answer: D

NO.3 You have three procurement business units, four requisition business units and five sold-to
business units. For which will the supplier registration flows be deployed?
A. one business unit per supplier
B. twelve business units per supplier
C. three procurement business units
D. five sold-to business units
E. four requisition business units
Answer: A

NO.4 Your company wants to generate intercompany transactions in USD but only if the amount
involved is $3,000 USD or more. Which two intercompany system options are valid?
A. You cannot update the minimum transaction currency when intercompany currency is entered.
B. Set the intercompany system option minimum transaction amount to $2,999.99 USD.
C. Intercompany invoices will be generated for the minimum accountable amount set at the payable
invoice options and receivable system options.
D. Set the intercompany system option minimum transaction amount of $3,000 USD.
E. Approval rules need to set the allow of the intercompany transactions to be routed to the receiver
or provider.
Answer: C,D

NO.5 You want your expense auditors to audit only expense reports for specific business units. How
do you do this?
A. Make auditors the managers of the corresponding business unit to route expense reports
properly.
B. Create a custom duty role and assign the data roles to each auditor.
C. Assign the expense auditors job role and business unit security context and value to the user.

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D. Create your own audit extension rules that correspond to the business unit.
Answer: C

NO.6 Which dashboard or workarea displays the Scanned Invoices region for invoices processed
through the Payables Integrated Imaging solution?
A. Payables Dashboard only
B. C-Level executives
C. Invoices Workarea only
D. Manage Invoices page
E. Payables Dashboard and Invoices Workarea
Answer: C
Explanation
Reference https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAIPP/F1469798AN1007C.htm

NO.7 How will system evaluate the tolerances for expense reports?
A. System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100|) currency
precision.
B. System will calculate warning tolerance as Policy Rate * (1 + Warning Tolerance/100)* currency
precision.
C. System will calculate error tolerance as Policy Rate * (1 + Warning Tolerance + Error
Tolerance/100).
D. System will calculate warning tolerance as Policy Rate * (1+ Warning Tolerance/100).
E. System will use absolute amount tolerance setup to do validations.
Answer: C

NO.8 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 a start date and an end date for the prepaid expenses in the invoice lines or
distributions.
C. You must provide the accrual account 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: C

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