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

Question 80

A company needs to implement corporate cards with Company Pay or Both Pay Payments liability. Select three correct statements regarding corporate card implementation ?

 

Options: -

A. Specific expense clearing account can be set up per card program.

B. Setting up of expense clearing account is required only for Company Pay and Both Pay payment liability.

C. One clearing account can be set up for all card programs.

D. Payables uses the clearing account to record only the debits.

 

Correct Answer: A, B & D

Answer Explanation:

Option B: Individual Pay. Employee pays the credit card provider for all credit card transactions.

Note: When you implement the corporate credit card functionality for Internet Expenses, one of the essential decisions you need to make is whether your company or your employees are responsible for paying the credit card provider. The three payment options which you can implement in Internet Expenses are:

Individual Pay. Employee pays the credit card provider for all credit card transactions.

Both Pay. The employee pays the credit card provider for personal expenses, and your company pays the credit card provider for business expenses.

Company Pay. Company pays the credit card provider for all transactions.

 

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

Question 81

Identify two privileges granted to the job role Accounts Payable Supervisor ?

 

Options: -

A. running Payables Data Extraction Program

B. managing Accounting Period Status

C. preparing French DAS2 Contractor Letters

D. managing Payables Activities

E. initiating Payables Invoice Approval Task Flow

 

Answer: C & E

Answer Explanation: NA

Question 82

Which are three key features of Expense Report Entry?

Options: -

A. approval of expense reports through Oracle Fusion Approvals Management

B. scheduled processes to create card issuer and employee payment requests

C. association of receipt image for expedited processing

D. contextual search and expense tracking for easy retrieval

E. consolidated Information-Driven Work Area

 

Answer: A, C & E

Answer Explanation:

Key Features.

* Mobile entry for expenses

* Automated support for accounting and

project allocations

* (A) Embedded transactional intelligence guide approves decisions.

* Out-of-the box imaging integration

* Unique approval routing for project and cost center expenses

 

Key Benefits:

Quick expense entry using mobile apps or offline spreadsheets

Greater accuracy and compliance with integrated corporate card usage.

Simplified expense process definition

* (C) Out-of-the-box imaging solution with Fusion Automated Invoice Processing Increased visibility of errors and fraud with sophisticated audit management.