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

Question 181

Select three reasons why you cannot close your Payables period ?

 

Option:

A. open intercompany transactions

B. unapplied prepayments

C. suppliers on payment holds

D. bills payable requiring maturity

E. unaccounted invoices and payments

 

Answer: A, D & E

Answer Explanation: If any open intercompany transactions for the period , bills payable requiring maturity and unaccounted invoices and payments for the period then we cannot close your payables period.

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

Question 182

An installment for $1,000 USD is due for payment on January 10, 2016. The installment has two discounts: the first discount date is December 5, 2015 for $150
USD and the second discount date is December 20, 2015 for $50 USD. The Pay Date Basis on the supplier site is Discount.
You submit a Payment Process Request with the following criteria:
✑ Payment Date = December 5, 2015
✑ Pay Through date = December 25, 2015
✑ Date Basis = Pay Date
✑ Always Take Discount option is enabled
What will be the resulting status of the installment and discount?

Options:

A. The installment is selected and a discount of $50 USD (the second discount) is applied.

B. The installment is selected and a discount of $200 USD ($150 + $50) is applied.

C. The installment is selected, and a discount of $150 USD is applied because the Always Take Discount option was enabled.

D. The installment is selected but no discount is applied because the payment date is after the discount dates.

E. The installment is not selected because the first discount date is before the Pay Through Date.

Answer: C

Answer Explanation: The installment is selected, and a discount of $150 USD is applied because the Always Take Discount option was enabled.

 

Question 183

An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the two outcomes if you chose the "Apply Credits Up to Zero
Amount" option when submitting a Payment Process Request?

Options:

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

B. Neither the invoice nor the credit memo is included in the Payment Process Request.

C. Both the invoice and the credit memo are fully paid.

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

 

Answer: A & D

Answer Explanation: Payment Process Request will select both the invoice and the credit memo are included in the Payment Process Request and only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.

Question 184

What is the difference between subject areas that append the word "Real Time" and those that do not?

Options:

A. The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.

B. The "Real Time" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.

C. There is no difference.

D. The "Real Time" subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.

 

Answer: B

Answer Explanation: The "Real Time" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.