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Complete Set of 1z0-1055 Payables Certification Question Answers Dump.
A Payment Process Request was submitted. Subsequently, the user realized that there are some errors in the payment file.
The payment process was terminated by terminating the payment file.
Which three statements are true?
Options: -
A. The application sets the status of the payment file to terminated.
B. The application sets the status of the payment file to Canceled.
C. The application sets the status of each payment in the payment file to Canceled.
D. The application sets the status of each payment in the payment file to terminated.
E. The application informs the source product of the terminated documents payable, unlocks the documents, and resets their status so that the documents are available for future selection.
Correct Answer: A, C & E
Answer Explanation: You can decide to terminate the payment process by terminating the payment file. When you take this action, the application sets the status of the payment file to Terminated and informs the source product of the terminated documents payable. Then, for each payment in the payment file, the application sets the status to Canceled. The source product unlocks the documents and resets their status so that they are available for future selection.
Options: -
A. Third Party Merge
B. Refunds
C. Payment Process Request
D. Bills Payable
E. Expense Report
Answer: A, B & D
Answer Explanation:
Payables predefines accounting event classes and accounting event types that are used by Subledger Accounting. You can modify the accounting setup to create accounting for some events and not for others.
This table describes the event classes and types that Payables predefines for invoices and payments.
Event classes include (among others):
Bills Payable
Third Party Merge
Refunds
Question 3:
A Payment Process Request is issued with a payment type of Manual.
Which two payment statuses will allow the manual payment to be voided?
Options: -
A. Payment file build
B. Pending proposed payment review
C. Issued
D. Cleared
E. Negotiable
Answer: C & E
Answer Explanation: Pending Proposed Payment review is not even a valid payment status
From Oracle Documentation
Question 4:
Which three fields are required to create an invoice without a purchase order through the Supplier Portal?
Options: -
A. Supplier Name
B. Remit to name
C. Taxpayer ID
D. Tax Registration Number
E. Requester E-Mail
Answer: B, D & E
Answer Explanation:
On the Create Invoice without PO page, enter information as needed. The following fields are required. Invoice number and Invoice Type: Invoice (as Standard) / Credit Memo· Remit to name · Tax Registration
Number · Requester E-Mail (Enter the e-mail of the contact at the buying company. The requester is notified and must approve the invoice before it can be processed further).
Question 5:
Identify two stages in the Payment Process Request that require manual actions to complete ?
Options: -
A. Pending
B. Retry payment creation
C. Pending installments review
D. Failed document validation
E. Pending Proposed Payment review
Answer: D & E
Answer Explanation:
Option E:
* If proposed payment review is required, the request status is set to Pending Proposed Payment Review. This status prevents the Payment Process Request from being picked up for processing into a payment instruction. The status of the proposed payments is set to Created.
* PENDING PROPOSED PAYMENT REVIEW:
This status will only appear if you selected the Option. Stop Process for Review After Creation of Proposed Payments option on the Processing tab of the PPR header. In this case, the system is waiting for you to review (and modify, if needed) the proposed payments for this batch. Click on the Take Action icon to be taken to the Review Proposed Payments window.
Question 6:
What are the two types of Holds available?
Options: -
A. Installment holds
B. Supplier Site holds
C. Supplier Location holds
D. Invoice Line holds
E. Payment holds
Answer: A & B
Answer Explanation:
Holds are constraints that Oracle Fusion Payables automatically applies to an invoice or supplier, or that you manually place on an invoice, to prevent payment and, in some cases, creation of accounting entries.
You can release some holds manually and Payables provides a predefined holds resolution workflow for manually releasable holds. Other holds require that you fix the exception condition before Payables releases the hold.
The different types of holds are as follows:
Installment holds
Supplier site holds
Invoice holds
System holds
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Question 7:
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.
Question 8:
Identify three statuses that appear in the Processed Tab in the Expense Report region ?
Options: -
A. Saved
B. Ready for Payment
C. Paid
D. Pending Your Resolution
E. Partially paid
F. Rejected
Correct Answer: B, C & E
Answer Explanation: NA
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