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

 

Question 76

Select three correct statements regarding a supplier submitting invoices online through the Supplier portal.

 

Options: -

A. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are

not fully billed.

B. After submitting the invoice, a supplier can validate it.

C. A supplier can submit a single invoice against multiple-purchase orders, provided the currency and organization for all the items on an invoice are the same.

D. A supplier can submit a single Invoice against multiple purchase orders, even if different currencies and organizations, are specified for the items on the invoice.

E. After submitting the invoice, a supplier can NOT make changes to it.

 

Answer: A, C & E

Answer Explanation:

Option A: Suppliers can create invoices against open, approved, standard purchase orders, or blanket releases that are not fully billed.

Option C: Suppliers can enter a credit memo against a fully billed purchase order as well as invoice against multiple purchase orders.

Option E: In Oracle Purchasing, the buyer creates the purchase order, and the process sends notification to the supplier. The supplier then acknowledges the purchase order, and optionally can reject shipments and make changes to a purchase order line or shipment. After making any optional changes, the supplier submits the acknowledgement. The buyer receives notification in Oracle Purchasing and responds to the change request submitted during acknowledgement. The purchase order is revised automatically in Oracle

Purchasing. The supplier receives notification of the revised purchase order and can view the revised purchase order in Oracle I Supplier Portal.

 

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

Question 78

Identity three events across the life cycle of an expense report?

 

Options: -

A. An invoice is created in Accounts Payable.

B. The expenses incurred by a user while transacting business are entered in an expense report.

C. The expense items and expense reports will be tagged and can be located through the Tag Center.

D. There in seamless desktop integration through Excel for offline expense entry.

E. Line managers can approve the expense report submitted by the user for approval.

 

Answer: A, B & E

Answer Explanation:

Option A: Oracle Projects integrates with Oracle Payables so that you can create and pay invoices for project- related expense reports in Oracle Payables.

Option D: You can enter and upload pre-approved expenditure batches using Microsoft Excel spreadsheets. You can validate records during entry by connecting to the database or you can create the spreadsheet offline and allow validation to occur during the transaction upload.

Note: Oracle Payables Integration--Expense Reports

Oracle Projects integrates with Oracle Payables so that you can create and pay invoices for project- related expense reports in Oracle Payables. Oracle Payables creates invoices from expense reports, maintains and tracks payments, and creates accounting information in Oracle Subledger Accounting. You can also use Oracle Internet Expenses to enter project-related expense reports and import the expense reports into Oracle Payables. If you adjust expense report expenditure items in Oracle Projects, then you run processes in Oracle Projects to generate accounting events and create the accounting entries for the adjustments in Oracle Subledger Accounting. Oracle Subledger Accounting transfers the accounting entries to Oracle General Ledger.

Question 79

Which two statements are true about the Invoice Requiring Attention section of the invoice Dashboard?

 

Options: -

A. displays links to all prepayment type invoices that have NOT been fully applied.

B. lists invoices entered or imported in the past seven days that are NOT yet accounted or accounted for in draft only.

C. displays Invoices in the system that are waiting for approval *

D. displays invoices rejected in the approval process along with the reason for rejection

E. displays all scanned invoices through the Integrated imaging solution that have NOT yet had accounts Payables invoices created

 

Answer: C & D

Answer Explanation:

Note: You can review installment holds on the Manage Installments page, or in the Invoices Requiring Attention region on the Invoice Overview page. Installment holds are holds that you manually place on an installment to prevent payment.

For example, a supplier sends you an invoice for two desks and delivers only one. You can partially pay the invoice by splitting the installment and placing a hold on one installment. You can manually release the hold after you receive the second desk, making the installment available for payment.