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

Question 33

Which three activities are performed by the Expense Auditor in the Auditing Work Area?

Options: -

A. Initiating and monitoring reimbursement processing

B. Managing daily upload of credit card data

C. Reviewing and reprocessing expense reports

D. Viewing payment requests created for employees and corporate card issuers

E. Managing corporate expense policies and rules

 

Correct Answer: A, C & D

Answer Explanation:

Expense auditors perform the following tasks:

· Audit expense reports.

· Generate overdue and missing receipt notifications.

· Check in expense report receipt packages.

· Manage expense report audit list membership

Question 34

You are assigned a duty role of Supplier Profile Management. Which three tasks tan you perform ?

Options: -

A. Maintain suppliers

B. Maintain supplier payments

C. Maintain supplier Tax Identifiers PII data

D. Import and merge suppliers

E. Maintain supplier Income Tax information

Correct Answer: A, C & E

Answer Explanation:

The seeded job role of Supplier Administrator includes the following PII related duty role by default:

Supplier Profile Management (Sensitive) Duty

Only users with this duty role can maintain the Taxpayer ID for individual suppliers. Individual suppliers are defined as suppliers with a Tax Organization Type of Individual or Foreign Individual.

Supplier administrators without this duty role can still search and access individual suppliers, but are restricted from viewing or updating the Taxpayer ID for these suppliers.

Note: Personally, Identifiable Information (PII) refers to the framework in Fusion for protecting sensitive data for an individual. For managing supplier profile data, the PII framework allows customers to protect tax identifiers for suppliers which are classified as individual persons by requiring additional security privileges for users to view and maintain such data.

Question 35

An installment for $1000 is due for payment on January 10, 2012. The installment has two discounts: the first discount date is December 5, 2011 for $150 and the second discount date us December 20, 2011 for $100. The Pay Date Basis on the supplier site is Discount.

You submit a payment process request: What will be the resulting status of the installment and discount?

Options: -

A. The installment is NOT selected because the first discount date NOT BEFORE the Pay Through Date. 

B. The installment is selected and a discount of $150 is available because the always Take Discount option is enabled.

C. The installment is selected and a discount of $0 is available because the payment date is after the discount dates.

D. The installment is selected and a discount of $100 is availed because only the latest discount date is committed.

E. The installment is NOT selected but discount of $150 is availed because the Always Take Discount option is enabled

 

Answer: B

Answer Explanation:

An installment for 3,000 USD is due for payment on March 31, 2011. The installment has two discounts.

The first discount date is February 15, 2011, for 150 USD. The second discount date is February 28, 2011, or 100 USD.

You submit a payment process request with the following data:

· Payment Date = February 8, 2011

· Pay Through Date = March 30, 2011

· Date Basis = Pay date

The Pay Date Basis setting on the supplier site determines whether the installment is selected for payment and whether a discount is taken. If the supplier site Pay Date Basis is set to Discount, the installment is selected for payment because the Pay Through Date of March 30, 2011, is later than at least one of the discount dates. The first discount for 150 USD is taken because the Payment Date of February 8, 2011, is before the first discount date of February 15, 2011. If the Payment Date was after February 15, 2011, but before February 28, 2011, the second discount of 100 USD would be taken. The Payment Date determines the discount.

If the supplier site Pay Date Basis is set to Due, the installment is not selected for payment because the installment due date of March 31, 2011, is later than the Pay Through Date of March 30, 2011. The Pay Through Date determines the installment selection.

Reference; Oracle Fusion Applications Procurement, Payables, Payments, and Cash Guide, Date Basis in Payment Process Requests: Examples