1z0-1055-21 Practice Exam Questions with Answers Oracle Financials Cloud: Payables 2022 Implementation Professional Certification

A supplier can make changes to the invoice after submitting it.

A supplier can submit a single invoice against multiple purchase orders across different currencies and organizations.

A supplier can submit a single invoice against multiple purchase orders, provided the currency and organization for all the invoice items are the same as those on the purchase orders.

A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully billed.

A supplier can validate the invoice after submitting it.

Set the General Ledger Journal Entry Summarization option to Summarize by general ledger period

Set the General Ledger Journal Entry Summarization option to Group by general ledger period

Set the General Ledger Journal Entry Summarization option to Group by general ledger date

Set the General Ledger Journal Entry Summarization option to Summarize by general ledger date

The pay-through date is in a closed Payables period.

The pay-through date is in a future period.

The invoices need revalidation.

The invoice has not been accounted.

The installment was manually removed.

The option 'Allow remit-to supplier override for third-party payments' is not checked in the Invoice Options page for the business unit.

The option 'Allow remit-to supplier override for third-party payments' is not checked in the Common Options for Payables and Procurement page for the business unit.

The option 'Allow remit-to supplier override for third-party payments' is not checked in the Payment Options page for the business unit.

The option 'Allow remit-to supplier override for third-party payments' is not checked in the Disbursement System Options page for the business unit.

Cancel the invoice, which debits the liability and credits the expense.

Issue a credit memo, which will debit the liability and credit the expense.

Void the payment, which debits cash and credits the liability, and then issue a credit memo, which debits the liability and credits the expense.

Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits the liability and credits the expense.

LE on the bank account should be different from the LE on the invoice.

Bank account must match the supplier’s bank account.

Users can pick any bank account as long as the bank account is tried to the business unit.

There is no relationship between the business unit, bank, and LE. Users can pick any bank account that is setup in their system.

LE on the bank account should be equal to LE on the invoice.

identification of errors with clear error messages at the invoice header and line levels

ability to enter a high volume of invoices via a spreadsheet

ability to correct errors and re-import invoices directly from a spreadsheet

identification of errors with clear error messages at the invoice header level only

ability to correct errors within the spreadsheet and send invoice corrections for approval

Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set Assignments page.

Assign the Expense Auditor job role to each auditor and associate the business unit to the role by using the Manage Data Access for Users page.

Assign the Expense Auditor job role to each auditor and use segment value security rules to secure access to the business units.

Assign the Expense Auditor job role to each auditor and use a data access set to associate the business unit to the role.

No change in the template is needed as we can achieve this using user-defined validations to move the positions as required.

Keep the payment process profile and leave the format programs unchanged.

Copy and modify the existing template to alter the positions as requested by the bank.

Create a newpayment process profile and a new format program.

Create a new template to make changes as requested by the bank.

Oracle Data Integrator or Golden Gate can be used to map the fields as required.

Create payments by using the Check Payment method for those suppliers and then destroy those checks.

Create payments by using Electronic Funds Transfer (EFT) for those suppliers but do not send the electronic file to the bank.

Create payments by using a clearing payment method for thosesuppliers because this payment method does not generate a file.

Create a payment by using a wire payment method for those suppliers.

Allow the remit-to supplier override for third-party payments at Manage Invoice options.

Allow the remit-to supplier address override for third-party payments at Manage Invoice options.

Allow payee to override for third-party payments while Manage Invoice options.

Allow the remit-to supplier override for third-party payments at Manage Payment options.

opens the relevant accounting period

validates project information

updates supplier balances

creates tax lines and distributions

creates accounting entries in draft

Standard, Credit Memo and Debit Memo

Standard, Credit Memo and Customer Refund

Standard, Credit Memo, and Invoice Request

Standard, Debit Memo and Customer Refund

Choose Match to Receipt.

Enter the Invoice manually and add the freight line.

Choose to Match to Receipt Charges.

Choose to Match to Invoice Lines.

Choose to Match in full to the Purchase Order.

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

When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice plus those associated with the common set.

You must assign the predefined payment term Immediate to the reference data set that is assigned to the business unit before you can define common options for Payables and Procurement.

When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice but not those associated with the common set.

Each payment term can only be assigned to one reference data set.