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

Question 83

Identify three statements that are true for a supplier’s bank details?

 

Options: -

A. Suppliers maintain their Bank details.

B. Bank details are required only for manual check payments.

C. Bank accounts can be added at any time for a supplier or supplier site.

D. Accounts Payables use bank account information to generate an electronic payment for a supplier.

E. Updating bank accounts for a supplier will NOT affect bank accounts for existing supplier sites.

 

Correct Answer: C, D & E

Answer Explanation:

Option D (not Option A, not Option B): You can enter information for bank accounts for which your supplier is the account holder.

You then assign these accounts to the supplier and its sites. Payables uses this bank information when you create electronic payments for your suppliers.

Note: Prerequisite

Define the suppliers and supplier sites that use the bank account to receive electronic payments.

 

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

Question 84

Choose three actions that can be performed from the Accounts Payables dashboard?

 

Options: -

A. Export to PDF

B. Export to Excel

C. Reorder Columns

D. Reorder Rows

E. Drill Down

 

Correct Answer: B, C & E

Answer Explanation: NA

 

Question 86

Which tab invokes the worklist content in the Expense Report region?

 

Options: -

A. In Progress Tab

B. Requiring My Approval Tab

C. Pending Approval Tab

D. Processed Tab

 

Answer: C

Answer Explanation:

Note: BUSINESS_ENTITY_CODE: WF_WORKLIST

Workflow Worklist Content Approve workflow entities (Expense Reports, PO Request, HR Offer, HR Vacancy)

 

Question 87

A company implements Withholding Tax Setup. A user selects the applicable tax rates, completes the invoices and validates it. The Withholding tax is applied and a corresponding Withholding tax invoice created.

What is required to get this result?

 

Options: -

A. Apply Withholding Tax at Invoice Validation and Never Create Withholding Invoice

B. Apply Withholding Tax at Payment and Create Withholding Invoice at Invoice Validation

C. Apply Withholding Tax at Invoice Validation and Create Withholding Invoice at Payment

D. Apply Withholding Tax at Invoice Validation and Create Withholding Invoice at Invoice Validation

E. Apply Withholding Tax at Payment and Create Withholding Invoice at Payment

 

Answer: D

Answer Explanation:

Payables can automatically create withholding tax invoices, or you can perform this task manually. If you choose to automatically create withholding tax invoices, you must choose whether to do this during Approval or during payment processing. If you specify that you want to create withholding tax invoices during Approval, Payables creates unapproved withholding tax invoices for tax authority suppliers assigned to tax names.