Sunday, November 15, 2020

Oracle Fusion Financial Payables Certification:1Z0-1055-20

Question 16

Which are three types of invoice transactions for which invoice distributions are generated automatically.


Options: -

A. Purchase order or receipt-matched lines

B. Interest invoices generated during payment

C. Invoice validation

D. Invoice created through the Image Integration tool

E. Tax lines generated by Oracle Fusion Tax


Correct Answer: A, B & E

Answer Explanation:

Invoice distributions are generated automatically for:

Purchase order or receipt-matched lines

Prepayment application or unapplication lines

Automatic and manual withholding tax lines

Tax lines generated by Oracle Fusion Tax

Correction-related lines

Interest invoices generated during payment

Oracle Fusion Financial Payables Certification:1Z0-1055-20


Question 17

Which three details are required to create a Single Payment Request?


Options: -

A. Legal Entity

B. Business Unit

C. Type

D. Remit-to Account

E. Disbursement Bank Account


Correct Answer: B, C & D

Answer Explanation: NA


Question 18

What is the required parameter for the Payables to General Ledger Reconciliation Report?


Options: -

A. Balancing Segment Value

B. Business Unit

C. Ledger

D. Financial Period

E. Natural Segment Value



Correct Answer: C

Answer Explanation:

Note: Extract Reconciliation Data from Payables to General Ledger Parameters

Request Name: Enter a name that is descriptive of this extract. Consider using a name that indicates the accounting period, date, and time, especially if you are planning to create multiple extracts.

Ledger: The ledgers available for selection are based on your security assignment.

Business Unit: Use this parameter to reconcile by a specific organization.

Note: You must explicitly map the business units to balancing segment values. If not, you must reconcile by ledger. Period: You can select either Open or Closed accounting periods.

Account: If you have multiple payable general ledger accounts, you can limit the extract to specific general ledger accounts. The natural account segment values must have a Financial Category of Accounts payable assigned to be included in the Reconciliation report. If the Financial Category is not assigned to any natural account values in the chart of accounts, the extract will fail.

Intercompany Transactions: You can include or exclude intercompany transactions. Select Yes to include intercompany transactions in the reconciliation. Additionally, to reconcile only intercompany transactions, restrict the account range to include only the intercompany accounts.


Question 19 

Which three fields are required in the Invoice Header when creating an invoice using the spreadsheet

options?

 

Options: -

A. Invoice Group

B. Invoice Number

C. Payment Term

D. Supplier Site

E. Invoice Amount


Correct Answer: B, D & E

Answer Explanation: NA








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