1z0-1055-22 Practice Exam Questions with Answers Oracle Financials Cloud: Payables 2022 Implementation Professional Certification

Data for all business units and one balancing segment in the ledger

Data for authorized business units only; no GL data is visible

Data for all business units and all balancing segments in the ledger

Data for authorized business units and GL data for all balancing segments in the ledger (unless restricted)

Terms Date

Payment Method

Invoice Date

PO Number

Invoice Number

Invoice Date

Invoice Number

Terms Date

PO Number

Payment Method

Location assigned to the Supplier Party Site for the transactions

Location assigned to the Legal Entity for the transactions

Location assigned to the Legal Entity Reporting Unit for the transactions

Locationassigned to the Business Unit for the transactions

March 15th

January 15th

April 15th

February 15th

The invoice has been partially paid by another payment.

The invoice date is not in the current open period.

The invoice is already on hold.

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

Both the invoice and the credit memo are included in the Payment Process Request.

Neither the invoice nor the credit memo is included in the PaymentProcess Request.

Both the invoice and the credit memo are fully paid.

Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.

Enter the payment terms in the Manage Payment Options page so they default onto the invoice.

Enter thepayment terms at the Supplier level so they default onto the invoice.

Enter the payment terms at the supplier site level so they default onto the invoice.

Manually override the payment terms that have defaulted from the purchase order for thosesuppliers.

Enter the payment terms in the Manage Invoice Options page so they default onto the invoice.

In Transit

Cleared

Negotiable

Issued

Approval by Cost Centre owners in parallel or serial mode

Approval by supervisor based on expenses type amount

Approval by Project Manages in parallel or serial mode

Approval by supervisor based on report amount

Approval by a Group based on report amount in parallel or serial mode

Reimbursement of employee expense reports

Employee advances

Supplier payments

Customer refunds

Ad hoc payments

InvoiceApproversFYIParticipantInParallelMode

InvoiceApproversSingleParticipantInParallelMode

InvoiceApproversParallelParticipantInParallelMode

Invoice Approvers

Enable the relevant suppliers for Offset Tax and create anOffset Tax to remove the calculated tax line from these suppliers.

Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.

Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.

Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to therelevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.

Essbase Cube

Smart View

Oracle Transactional Business Intelligence (OTBI)

Oracle Business Intelligence Applications (OBIA)

Oracle Financial Reporting (FR)

Enter the invoice via a spreadsheet. Then, fromthe 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.

Enter the invoice in the Create Invoice page, choose the Validate option, andthen the Account and Post to Ledger option.

Enter and post a manual journal entry directly into the general ledger.

Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.