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

Question 64

Identify the criteria where an invoice will NO longer be considered recently entered in the context of the Recently Entered Invoices Work area of the Invoice Dashboard?

 

Options: -

A. The Invoice is within the 100 most recent transactions.

B. The Invoice was entered in the past seven days.

C. The invoice is NOT yet Accounted.

D. The invoice is Accounted.

E. The invoice is Validated.

 

Answer: D

Answer Explanation:

Recently Entered Invoices: This will list invoices entered or imported in the past seven days that are not yet accounted or accounted in draft only. The list can reduce by invoice entry type.

 

Question 66

Which are the three valid invoice line types ?

 

Options: -

A. Tax

B. Interest

C. Miscellaneous

D. Charges

E. Freight

 

Answer: A, C & E

Answer Explanation:

Option A: Tax lines that are either generated automatically or entered manually.

Option C: Miscellaneous Other charges on an invoice, such as installation or service. Miscellaneous charges can be allocated to Item lines.

Option E: Freight charges on an invoice. Freight charges can be allocated to Item lines

Reference; Oracle Fusion Applications Procurement, Payables, Payments, and Cash Guide Invoice Line Types: Explained

 

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

Question 67

What is the invoice type of an unmatched Invoice created in the Supplier Portal?

 

Options: -

A. Standard invoice request

B. Standard

C. Credit memo

D. Payment request

E. Credit memo invoice request

 

Answer: A

Answer Explanation: What is self-service invoice?

An invoice that a supplier enters through Oracle Fusion Supplier Portal. Self-service invoices that are matched to a purchase order are recorded as standard invoices or credit memos in Oracle Fusion Payables. Self-service invoices that are not matched to a purchase order are recorded as invoice requests.

Invoice requests must be approved using the Invoice Approval workflow before becoming standard invoices or credit memos in Payables.

Note: Standard invoice request: An invoice submitted without a purchase order by a supplier through Oracle Fusion Supplier Portal that is pending review and approval by the appropriate persons within the deploying company.

Credit memo invoice request: A credit submitted without a purchase order by a supplier through Oracle Fusion Supplier Portal that is pending review and approval by the appropriate persons within the deploying company.

Reference: Oracle Fusion Applications Procurement, Payables, Payments, and Cash Guide FAQs for Receive and Process Invoices