Sunday, November 15, 2020

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


Question 69

Which two actions can a supplier perform through the Supplier Portal?

 

Options: -

A. View invoices

B. View receivables

C. View Purchase Orders

D. View payments

E. View Distribution Sets

 

Answer: A & D

Answer Explanation: View invoice information from Oracle Payables.

View payment information from Oracle Payables.

 

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

Question 70

Where is the Expense Clearing Account and Payment Option set up in Expenses?

 

Options: -

A. Create or Edit Company Account pop-up menu

B. Payables System Options

C. Edit Expenses Systems Options

D. Business Unit System Options

E. Expense Report template

 

Answer: A

Answer Explanation:

Expense Clearing Account and Payment Option, which are set up in the Create or Edit Company Account popup. This account holds accounting for corporate card transactions temporarily. The account is cleared when the expense reports containing the corporate card transactions are processed by Oracle Fusion Payables.

 

Question 71

Which three options are true regarding the association of a receipt to an expense report?

 

Options: -

A. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.

B. Users can add a receipt manually to the expense report at the report level.

C. Users can fax or email receipts with bar-coded cover sheets.

D. Users can maintain a physical receipt and provide a reference number in the expense report.

E. Users can add a receipt to the expense report at the line level.

 

Answer: A, C & E

Answer Explanation:

Option A: A Document Capture file cabinet defines how documents are scanned, processed, and saved. It encapsulates the following information:

Attribute definitions: To be captured as part of the scanning process either through manual entry or by zonal recognition

Note: Attribute definitions: Unique Reference Number (URN) generated automatically by Document Capture 

Commit profile: Specifies how the image is saved

Scan profile: Specifies how invoices should be scanned and other processing options and noise removal

Index profile: Specifies how attributes are captured and indexed

Option C: You must print the printable expense report page and fax or E-mail it as the first page of your receipt images. The first page of the receipt image file must be the printable expense report page with the bar code, otherwise ODC cannot accurately process the receipt image file.

Option E: Purchase Receipts: This is a detailed subject area that provides the ability to report on actual spend and Purchase Receipts of the suppliers of an organization across suppliers, company, location, products, commodities and associated hierarchies at purchase receipt line level Note:

To ensure the validity of employee expenses, companies often require their employees to submit receipts for their expenses. Organizations vary in their receipt submission requirements. Common methods of receipt submission include faxing or E-mailing receipts to accounts payables. To enable receipt of expense- related images by fax, E-mail, or from a file location on a server, Oracle Fusion Expenses integrates with Oracle Image Processing and Management (IPM) and Oracle Document Capture (ODC). This integration enables automatic attachment of receipt images to their respective expense reports. Receipt images are processed in the following stages:

ODC receives receipt images.

ODC processes the receipt image file to identify the expense report identifier.

IPM retrieves images for further processing and invokes the Add Attachment to Expense Report service.

You can send receipt images to ODC by fax, E-mail, or by uploading receipt image files to a folder location that is accessible by ODC. You can upload receipt image files to a specific location manually or by using a file transfer protocol (FTP) process.

ODC checks for receipt image files in predefined folders for each method of delivery. It scans the receipt image file for a bar code, derives the expense report identifier, and creates a text file with the expense report identifier for each receipt image file. The receipt image files and corresponding text files are transferred by ODC to a predefined folder that is accessible by IPM.






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