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

Question 155

Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run?

Options:

A. For the Legal Jurisdiction, Legal function: "Generate intercompany invoice" should be assigned.

B. Schedule create accounting for the intercompany process.

C. Supplier site primary pay flag and customer account bill to primary flag should be enabled.

D. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.

E. Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.

F. Manual Approvals should be allowed for the transaction type.

 

Answer: C & E

Answer: NA

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

Question 156

A Payment Process Request was submitted and errors were found in the payment file. The payment file and process were terminated. Which two statements are true?

 

Options:

A. The invoices are placed on payment hold.

B. The status of each payment in the payment file is Terminated.

C. The status of the payment file is Terminated.

D. The status of each payment in the payment file is Cancelled and the related documents are available for future selection.

E. The status of the payment file is Cancelled.

 

Answer: C & D

Answer Explanation: NA

 

Question 157

What happens if a company runs the payables Unaccounted Transactions Sweep program for February 2016 if the invoices with a Hold status have an invoice date of January 20, 2016?

Options:

A. The accounting dates of all unaccounted invoices will be changed to February 20,2016, the same day of the next period.

B. The accounting dates of all unaccounted invoices will change to February 28, 2016, the last day of the next period.

C. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2016.

D. The accounting dates of all unaccounted invoices will be changed to February 1, 2016, the first day of the next period.

Answer: D

Answer Explanation: NA

 

Question 158

Which two statements are true about processing corporate card expenses?

Options:

A. Conversion rate defaults apply only to cash expenses, not to corporate card expenses.

B. Usage policy for expense category tolerances does not apply to credit card expenses.

C. Card transactions will be paid directly from Expenses Cloud.

D. You can process payment for credit card using Electronic funds transfer, check, or wire.

E. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.

 

Answer A & B

Answer Explanation: NA