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NEW QUESTION 28
Identify three statements that indicate the purpose of Functional Setup Manager.
- A. it allows you to assign setup tasks to individuals with due dates where users must manually update their completion status.
- B. It provides a central place to access and perform all of the setup steps across the applications.
- C. It automatically marks the completion status of tasks as Completed once they have been completed.
- D. It allows you to centrally manage the close processes across subledgers and ledgers.
- E. It automatically generates lists of setup tasks in the correct sequence with dependencies highlighted.
Answer: B,C,E
Explanation:
Explanation
With Oracle Fusion Functional Setup Manager you can:
References:https://docs.oracle.com/cd/E56614_01/common_op/OAFSM/F1166427AN1007E.htm
NEW QUESTION 29
The expense auditor has chosen to Request More Information for an expense report. Select two ways the system processes this action. (Choose two.)
- A. The employee must resubmit the expense report.
- B. The expense report status remains Pending Payables Approval.
- C. The expense report is routed back to the approvers.
- D. The audit can be completed before the requested information is received from the employee.
Answer: B,C
NEW QUESTION 30
Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation. (Choose two.)
- A. Allow bank accounts to be accessed by all roles and users because the default value to secure a bank account by users and roles is No.
- B. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.
- C. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
- D. Do not assign bank accounts to business units.
- E. Business units must be granted access to the bank account.
Answer: C,E
Explanation:
Explanation
Account Access
Payables and Receivables account access is secured by business unit. In addition to selecting theappropriate application use or uses, one or more business units must be granted access before the bank account can be used by Payables and Receivables. Only business units that use the same ledger as the bank accounts owning legal entity can be assigned access.
NEW QUESTION 31
You entered an invoice of 12,000 and paid it for Office Suppliers. The payment was never received by the supplier, and you decide to return the entire order. What should you do?
- A. Cancel the invoice, which debits the liability and credits the expense.
- B. Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits the liability and credits the expense.
- C. Void the payment, which debits cash and credits the liability, and then issue a credit memo, which debits the liability and credits the expense.
- D. Issue a credit memo, which will debit the liability and credit the expense.
Answer: B
NEW QUESTION 32
An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected for payment processing.
What are the two possible reasons for this? (Choose two.)
- A. The pay-through date is in a closed Payables period.
- B. The invoice has not been accounted.
- C. The invoice requires approval.
- D. The invoice needs re-validation.
- E. The pay-through date is in a future period.
Answer: C,D
NEW QUESTION 33
Which dashboard or workarea displays the Scanned Invoices region for invoices processed through the Payables Integrated Imaging solution?
- A. C-level executives
- B. Invoices Workarea only
- C. Payables Dashboard and Invoices Workarea
- D. Manage Invoices page
- E. Payables Dashboard only
Answer: B
Explanation:
Explanation
Accounts payable specialists can view the list of scanned images for invoice entry, along with the additional routing attributes, in the Scanned Invoices region of the Invoices work area.
References:http://docs.oracle.com/cd/E36909_01/fusionapps.1111/e20375/F569958AN60E65.htm
NEW QUESTION 34
During your business trip to the UK, you took a taxi ride and paid for it by using your personal Visa credit card. While entering your expenses, you get a warning that a different conversion rate was applied to the taxi expense by Visa that the one used by your company.
How do you handle this situation?
- A. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate.
- B. Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then, wait to get a revised statement.
- C. Use the corporate-defined conversion rate even if it means you will not be reimbursed fully.
- D. Do not enter the taxi expense and call your Finance Department so that they can make changes in the conversion rate settings and you do not violate the allowable limit.
Answer: A
Explanation:
Explanation
Payables uses five types of exchange rates. Payables uses exchange rates to convert invoice and payment amounts into your ledger currency.
* User. Used to manually enter your own exchange rate during invoiceentry or at payment time. If you use the User exchange rate type, if the Payables option Calculate User Exchange Rate is enabled, and if you are using the Invoices window or the open interface table, then Payables calculates the invoice exchange rate if you provide the Ledger Currency amount.
Etc.
References:https://docs.oracle.com/cd/E18727_01/doc.121/e12797/T295436T368341.htm
NEW QUESTION 35
Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?
- A. Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
- B. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
- C. Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.
- D. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
Answer: D
NEW QUESTION 36
Identify three scenarios where you are not allowed to cancel an invoice. (Choose three.)
- A. Prepayments were applied to the invoice.
- B. The invoice is fully or partially paid.
- C. An accounting entry has been created for the invoice.
- D. The invoice is validated.
- E. The invoice was adjusted by a credit or a debit memo.
Answer: A,B,E
Explanation:
Explanation
Why can't I cancel an invoice?
The invoice is:
Additional reasons thatyou can't cancel an invoice are as follows:
You can cancel any unapproved invoice, or an approved invoice that does not have anyeffective payments or posting holds.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011878.htm#FAPPP1011878
NEW QUESTION 37
Which two statements are true about the Invoice Validation process? (Choose two.)
- A. creates tax lines and distributions
- B. validates project information
- C. opens the relevant accounting period
- D. updates supplier balances
- E. creates accounting entries in draft
Answer: A,B
Explanation:
Explanation
Invoice validations
Etc.
References: https://docs.oracle.com/cloud/farel9/financialscs_gs/FAPPP/F1011878AN100C4.htm
NEW QUESTION 38
What is the name of the Work Area that is used to access Functional Setup Manager?
- A. Functional Work Area
- B. Customization Manager
- C. Customize Setup and Maintenance
- D. Setup and Maintenance
- E. Functional Setup Manager
Answer: D
Explanation:
Explanation
All Oracle Functional Setup Manager functionality is available from the Setup and Maintenance work area.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004385.htm
NEW QUESTION 39
What are the two advantages of using a spreadsheet for correcting invoice import errors? (Choose two.)
- A. identification of errors with clear error messages at the invoice header and line levels
- B. ability to enter a high volume of invoices via a spreadsheet
- C. ability to correct errors and re-import invoices directly from a spreadsheet
- D. ability to correct errors within the spreadsheet and send invoice corrections for approval
- E. identification of errors with clear error messages at the invoice header level only
Answer: B,C
Explanation:
Explanation
A: You can fix the interface table data using the Correct Import Errors spreadsheet and resubmits the import process.
E: Consider using the spreadsheetto:
Expedite high volume invoice entry for simple invoices that don't require extensive validation.
Create invoices with similar lines.
Maximize the use of spreadsheet features, such as copy and paste, or hide and unhide.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011878.htm
NEW QUESTION 40
In what order should the import process be run when importing suppliers?
- A. any order
- B. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
- C. Supplier, Supplier Address, Supplier Site, Supplier Site Assignments
- D. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
Answer: B
Explanation:
Explanation
The following programs are used to import supplier information:
When importing supplier records containing data in each table, then Suppliers must be run first, followed by the Supplier Sites import process. Once the data is inserted, the following concurrent processes must be run to create the information in Oracle Fusion Suppliers.
Suppliers Import Process
Supplier Sites Import Process
Supplier Site Contacts Import Process
Supplier Site Assignments Process
References:https://docs.oracle.com/cd/E56614_01/procurementop_gs/OAPRC/F1007476AN1079E.htm
NEW QUESTION 41
You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?
- A. Imported
- B. Needs Revalidation
- C. Validated
- D. Not Required
- E. Not Validated
Answer: A
Explanation:
Explanation
After the import process builds the invoices, the invoices can be viewed, modified, and validated on the Manage Invoices page.
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_A149B7BD08207B6DE040D30A6881633
NEW QUESTION 42
Which invoice types can be included in the Create Payment flow?
- A. Standard, Debit Memo and Customer Refund
- B. Standard, Credit Memo and Customer Refund
- C. Standard, Credit Memo, and Invoice Request
- D. Standard, Credit Memo and Debit Memo
Answer: D
NEW QUESTION 43
While processing an expense report, the system placed a payment hold on the expense report. What are two ways to release payment holds? (Choose two.)
- A. Payables Manager can release payment holds in Payables.
- B. The expense auditor can manually release the payment hold at his discretion.
- C. The employee can manually release the hold.
- D. Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.
- E. The employee's supervisor can manually release the hold.
Answer: B,D
Explanation:
Explanation
Payment holds are released in the following ways:
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm
NEW QUESTION 44
What are the output formats supported for Electronic and Check format programs?
- A. Electronic output format of PDF, Check output format of PDF
- B. Electronic output format of XML, Check output format of rtf
- C. Electronic output format of DATA (csv), Check output format of Zipped PDFs
- D. Electronic output format of eText, Check output format of rtf
- E. Electronic output format of Text, Check output format of Text
Answer: D
Explanation:
Explanation
The eText template is used specifically for electronic data interchange (EDI) and electronic funds transfer(EFT).
References: https://docs.oracle.com/cd/E56614_01/common_op/OAEXT/F1203011AN1CABC.htm
NEW QUESTION 45
You have an invoice for $200 USD and a credit memo for $225 USD. In other words, the credit amount exceeds the invoice amount. If you enable the option to apply credits up to zero amount payment, then how will the invoice and credit memo be paid?
- A. Both the invoice and the credit memo are selected and the Payment Process Request requires attention.
- B. Both the invoice and the credit memo are paid and a refund of $25 USD is created.
- C. Neither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero.
- D. Both the invoice and credit memo are included in the payment process request for a payment amount of
$0 USD. The credit memo is partially paid with a remaining credit of $25 USD.
Answer: D
Explanation:
Explanation
When you submit a "payment process request", you can enable the Apply credits up to zero amount payment option. Enabling the option causes the payment process to apply credits when the credits reduce the payment amount below zero.
The following scenario illustrate the impact of this option.
Credit Amount Greater Than Invoice Amount
An invoice for 200 USD and a credit memo for 225 USD are due for payment.
The following tabledescribes the payment processing that occurs based on the setting for the Apply credits up to zero amount payment option.
Assume that the "Apply Credits Up to Zero Amount" option is enabled.
Payment processing applies 200 USD of the credit memo to the invoice and creates a payment for 0 USD. The remaining credit is 25 USD.
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9F438E13CC89BA0CE040D30A68816F7
NEW QUESTION 46
An invoice for $200 USD and a credit memo for $225 USD are due for payment and the "Apply credits up to zero amount" option is enabled for the payment process request. Which statement is correct?
- A. The payment process request applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.
- B. The payment process request creates a refund for $225 USD and leaves the invoice unpaid.
- C. The payment process request pays only $200 USD alone.
- D. The payment process request doesn't select the invoice or credit memo for payment because the credit reduces the payment to - $25 USD, which is below zero.
Answer: A
Explanation:
Explanation
When you submit a "payment process request", you can enable the Apply credits up to zero amount payment option. Enablingthe option causes the payment process to apply credits when the credits reduce the payment amount below zero.
The following scenario illustrate the impact of this option.
Credit Amount Greater Than Invoice Amount
An invoice for 200 USD and a credit memofor 225 USD are due for payment.
The following table describes the payment processing that occurs based on the setting for the Apply credits up to zero amount payment option.
Assume that the "Apply Credits Up to Zero Amount" option is enabled.
Payment processing applies 200 USD of the credit memo to the invoice and creates a payment for 0 USD. The remaining credit is 25 USD.
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9F438E13CC89BA0CE040D30A68816F7
NEW QUESTION 47
Which two statements are true about processing corporate card expenses? (Choose two.)
- A. Card transactions will be paid directly from Expenses Cloud.
- B. Conversion rate defaults apply only to cash expenses, not to corporate card expenses.
- C. You can process payment for credit card using Electronic funds transfer, check, or wire.
- D. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.
- E. Usage policy for expense category tolerances does not apply to credit card expenses.
Answer: B,E
Explanation:
Explanation
Conversion rate behavior applies only to cash expenses, not to corporate card expenses.
To enable your company to pay a corporate card issuer, you enter a default payment method, whether check, EFT (Electronic funds transfer), or wire, in the Address Payment Information region of the Edit Corporate Card Issuer page, as well as bank account information.
References:
https://docs.oracle.com/cloud/latest/financialscs_gs/FAIEX/FAIEX1456644.htm
https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110434AN7B1F9.htm
NEW QUESTION 48
You need to create a recurring expense for one of your regular expenses.
Which three are frequencies that you can choose for these types of expenses? (Choose three.)
- A. Weekly
- B. Monthly
- C. Biweekly
- D. Annually
- E. Bimonthly
Answer: A,B,E
NEW QUESTION 49
Your customer matches their invoices to a purchase order and have noticed that the payment terms are defaulting from the order. For some suppliers, they would like to use the payment terms from the supplier site.
How can the customer achieve this?
- A. Enter the payment terms at the supplier site level so they default onto the invoice.
- B. Enter the payment terms in the Manage Payment Options page so they default onto the invoice.
- C. Enter the payment terms at the Supplier level so they default onto the invoice.
- D. Enter the payment terms in the Manage Invoice Options page so they default onto the invoice.
- E. Manually override the payment terms that have defaulted from the purchase order for those suppliers.
Answer: E
NEW QUESTION 50
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Tested Material Used To 1z0-1055-20 Test Engine: https://dumpsvce.exam4free.com/1z0-1055-20-valid-dumps.html
