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

Question 53

Choose three features of Oracle Fusion Expenses that facilitate streamlined expense item creation ?

 

Options: -

A. smart defaulting

B. classification of expenses

C. imaged receipts attachment

D. tagging and Tag Search

E. efficient approval mechanism

 

Answer: B, C & E

Answer Explanation: Oracle Fusion Expenses

Key Features

* Mobile entry for expenses

* Automated support for accounting and project allocations

* Embedded transactional intelligence guide approvers decisions (B, E)

* Out-of-the box imaging integration (C)

* Unique approval routing for project and cost center expenses (E)

Note: Oracle Fusion Expenses is a complete solution for expense management that gives financial

managers the detailed information they need and employees the easy data entry options they want. The

online and spreadsheet entry options along with mobile entry and approvals reduce administrative

headaches while still capturing essential data for effective cost management.

 

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

Question 54

Which three fields appears in the Invoice Summary area when creating an invoice using the spreadsheet options?

 

Options: -

A. Freight

B. Invoice Number

C. Miscellaneous

D. Difference

E. Status

Correct Answer: A, C & E

Answer Explanation: NA

 

Question 55

Which three statements are true when a prepayment is applied to an invoice by selecting the option Include on Invoice?

 

Options: -

A. The prepayment amount available for application is reduced.

B. The unpaid invoice amount is reduced by the amount of the prepayment application.

C. The unpaid invoice amount is not affected by the prepayment application.

D. The invoice is updated to reflect the amount paid by prepayment in the Installments tab.

E. The prepayment amount paid is NOT updated In the Installment tab of invoice.

 

Correct Answer: A, C & E

Answer Explanation:

Applied prepayments can be either inclusive or exclusive. A supplier might send you an invoice that references a prepayment. If a supplier reduces the invoice amount by the amount of the prepayment and associated tax, this is an inclusive prepayment. Designate a prepayment as inclusive by selecting the option Included on Invoice, when applying the prepayment. When you apply an exclusive prepayment to an invoice, the unpaid invoice amount is reduced by the amount of the prepayment application.