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

Question 29

Which are the two ways will an invoice be impacted when an inclusive prepayment is unapplied from it?

Options: -

A. The unpaid invoice amount is increased by the amount of the prepayment.

B. An installment is created for the prepayment amount.

C. The invoice validation status changes to Needs Revalidation.

D. The invoice paid status changes from Partially Paid to Unpaid.

E. The invoice accounting status changes to Partially Accounted.

Correct Answer: A & D

Answer Explanation:

If you mistakenly apply a prepayment to an invoice, you can unapply it. Payables automatically creates a reversal distribution and a new scheduled payment for the prepayment in the amount that you unapply.

Payables also increases the Amount Available for the prepayment by the unapplied amount. Payables updates the status of the invoice to unpaid or partially paid.

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

Question 30

Which three duty roles are granted to the Corporate Card Administrator?

 

Options: -

A. Corporate Card Transaction Management Duty

B. Corporate Card Issuer Payment Request Management Duty

C. Business Intelligence Applications Worker

D. Corporate Card Transaction Review Duty

E. Expense Export Duty

Correct Answer: A, B & C

Answer Explanation:

Duties assigned directly and indirectly to the job role Corporate Card Administrator include: Corporate Card Transaction Management Duty Corporate Card Issuer Payment Request Management Duty Business Intelligence Applications Worker.

Question 32

Which are the two scenarios for the invoice line type Prepayment automatically generated?

Options: -

A. a prepayment created with invoice type as Prepayment

B. a prepayment applied to the invoice

C. a prepayment is unapplied to the invoice

D. a manually created invoice line with type as Prepayment

E. at the time of validating a Prepayment Invoice

Correct Answer: B & C

Answer Explanation:

Invoice line types categorize the lines on an invoice. You can select some invoice line types, such as the

Item line type. Other line types, such as the Prepayment line type, are automatically generated.

This table describes the types of invoice lines.

Invoice Line Type, Description

* Prepayment: Prepayment application or unapplication. Prepayment lines are created automatically.

* Item: Details of goods and services.

* Freight: Freight charges on an invoice. Freight charges can be allocated to Item lines.

* Miscellaneous: Other charges on an invoice, such as installation or service. Miscellaneous charges can be allocated to Item lines.

* Tax: Tax lines that are either generated automatically or entered manually.

Withholding tax: Withholding tax lines that are either generated automatically or entered manually.