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

Question 49

What activity is performed by an Accounts Payable Manager with the duty role of Subledger Accounting Transaction Analysis Duty?

 

Options: -

A. Creates accounting for all types of transactions

B. Maintains transaction object diagnostics, imports and updates subledger balances

C. Analyses subledger accounting transactional information

D. Executes all subledger accounting reports and reviews journal entries

E. Reviews subledger journal entries and entry lines

 

Correct Answer: C

Answer Explanation:

The Subledger Accounting Transaction Analysis Duty analyzes Subledger Accounting transactional

information

 

Question 51

Identify three invoice options that can be configured on the Manage Invoice Options page for Self- Service invoices.

 

Options: -

A. Limit the invoice to single purchase order.

B. Require validation before approval.

C. Allow invoice backdating.

D. Allow unit price change for quantity-based matches.

E. Require invoice grouping.

 

Answer: A, C & D

Answer Explanation:

Self-Service Invoices- This table lists the options you can set for invoices created in Supplier Portal. Option, Description

* Limit invoice to single purchase order

Limits an invoice to the schedules belonging to a single purchase order.

* Allow invoice backdating :-Allows a supplier to enter an invoice for a date in the past.

* Allow unit price change for quantity-based matches :-Allows a supplier to enter a unit price on the invoice that is different from the unit price on the purchase order.

 

Question 52

Which three options in a Quick Payment do NOT impede the selection of documents?

 

Options: -

A. Payment Terms

B. Currency

C. Business Unit

D. Payment Method

E. Due Date

 

Correct Answer: A, B & E

Answer Explanation:

Paying Invoices with Quick Payments

You can create and print a computer-generated payment to pay a supplier for one or more invoices. You

can also create a check, save it, then print it later. If you use the EDI Outbound payment format and you

use Oracle EDI Gateway, then you can create electronic Quick payments.

When you create a quick payment, you can select an invoice regardless of the payment’s terms and due

date. For example, you can create a Quick payment for an invoice that is not yet due.

Note:

* Quick payment

A single payment that you create for one more invoice without submitting a payment process request.

* Quick Payment:

It allows you to make a single payment against one or more invoices at a time to one supplier through

payables. It involves 3 steps:

-Creating a payment

-formatting the payment

-printing the payment.

So give the bank, Payment method, Payment document and supplier details in the payment screen and

select the invoices from Enter/adjust invoices push button.

After doing this process go to actions and format and then print it. This is all done through payables.

* Manual Payment: This is the process of entering the check details which has been paid manually in some emergency requirements into the payment form and selecting the invoices of the concerned supplier and check whether the total of the invoices and the paid amount at the header are same and save. In this there will be no formatting and printing process through payables.