Simulation 1z0-1005 Vce 2021

NEW QUESTION 1
Which three types of payments can you make if you have access to Disbursement Process Management Duty?

• A. Supplier payments
• B. Ad hoc payments
• C. Employee advances
• D. Customer refunds
• E. Reimbursement of employee expense reports

Answer: ADE

Explanation:
Reference: https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110430AN6D6BD.htm

NEW QUESTION 2
An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the two outcomes if you choose the “Apply Credits Up to Zero Amount” option when submitting a Payment Process Request?

• A. Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.
• B. Both the invoice and the credit memo are fully paid.
• C. Neither the invoice nor the credit memo is included in the Payment Process Request.
• D. Both the invoice and the credit memo are included in the Payment Process Reques

Answer: B

NEW QUESTION 3
You want to route invoices to three different approvers at the same time and only one approver needs to approve the invoice. Which approval ruleset should you use?

• A. InvoiceApproversSingleParticipantInParallelMode
• B. InvoiceApprovers
• C. InvoiceApproversParallelParticipantInParallelMode
• D. InvoiceApproversFYIParticipantInParallelMode

Answer: A

NEW QUESTION 4
The payment build program has completed but with errors.
When submitting the payment process request, which processing option is used to review the error messages from the Manage Payment Process Request Inquiry?

• A. Set the validation failure handling for documents to “show errors”.
• B. Set the validation failure handling for payments to “show errors”.
• C. Enable debug for the payment format program.
• D. Set the validation failure handling for payments to “stop process for review”.

Answer: D

Explanation:
Reference: https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm

NEW QUESTION 5
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. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
• 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. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.

Answer: B

NEW QUESTION 6
Your customer has implemented English as base language and French as a local language. The customer's bank needs the payment file to be sent to them in French. What is the relevant step to do this for preparing the payment template?

• A. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder, under the templates regio
• B. Use English locale and generate the XLIFF fil
• C. Then upload the file back under the translated region.
• D. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder, under the templates regio
• E. Use English locale and generate the XLIFF fil
• F. Then upload the file back under the translated region.
• G. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.
• H. Create your template in local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.

Answer: A

Explanation:
Reference: https://docs.oracle.com/cd/E21764_01/bi.1111/e13881/T527073T559221.htm

NEW QUESTION 7
What are the two advantages of using a spreadsheet for correcting invoice import errors?

• A. identification of errors with clear error messages at the invoice header and line levels
• B. identification of errors with clear error messages at the invoice header level only
• 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. ability to enter a high volume of invoices via a spreadsheet

Answer: AC

NEW QUESTION 8
You have a high volume of invoices to enter that have similar lines and do not require extensive validation. What must you do if you want to group multiple invoices in a batch during spreadsheet entry?

• A. Make sure all the invoice dates are the same.
• B. Assign the same Invoice Header Identifier to multiple invoices you want to group.
• C. Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.
• D. Enter a value in the Invoice Group field to group similar invoices into a batch.
• E. Make sure the Invoice Number is the sam

Answer: B

NEW QUESTION 9
A Payment Process Request was submitted and errors were found in the payment file. The payment file and process were terminated.
Which two statements are true?

• A. The invoices are placed on payment hold.
• B. The status of each payment in the payment file is Cancelled and the related documents are available for future selection.
• C. The status of the payment file is Cancelled.
• D. The status of the payment file is Terminated.
• E. The status of each payment in the payment file is Terminate

Answer: DE

NEW QUESTION 10
What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2021 if the invoices with a Hold status have an invoice date of January 20, 2021?

• A. The accounting dates of all unaccounted invoices will change to February 28, 2021, the last day of the next period.
• B. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2021.
• C. The accounting dates of all unaccounted invoices will be changed to February 1, 2021, the first day of the next period.
• D. The accounting dates of all unaccounted invoices will be changed to February 20, 2021, the same day of the next period.

Answer: C

NEW QUESTION 11
You have 10 ledgers and 30 business units and want to leverage Reference Data Sets. What is the function of Reference Data Sets?

• A. allow you to secure data by business unit
• B. allow you to assign multiple business units to users in a shared service center
• C. allow you to maintain sets of related data in a Data Dictionary
• D. allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup

Answer: D

NEW QUESTION 12
An installment for $2,000 USD is due for payment on July 31, 2021. The installment has two discounts: the first discount date is June 15, 2021 for $150 USD and the second discount date is June 30, 2021 for $50 USD.
You submit a Payment Process Request with the following criteria:
- Payment Date = June 20, 2021
- Pay Through Date = July 30, 2021
- Date Basis = Due Date
What will be the resulting status of the installment and discount?

• A. The installment is selected and a discount of $150 USD is applied.
• B. The installment is selected and a discount of $50 USD is applied.
• C. The installment is not selected because the due date is after the Pay Through Date.
• D. The installment is selected and no discount is applied.
• E. The installment is not selected because the discount dates are before the Pay Through Dat

Answer: D

NEW QUESTION 13
What is the invoice type of an unapproved, unmatched invoice that was created in Fusion Supplier Portal?

• A. iSupplier Invoice
• B. Credit Memo
• C. Standard Invoice
• D. Standard invoice request
• E. Supplier payment request

Answer: D

Explanation:
Reference: https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011878AN100C1.htm

NEW QUESTION 14
Which two statements are true about processing corporate card expenses?

• A. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.
• B. You can process payment for credit card using Electronic funds transfer, check, or wire.
• C. Usage policy for expense category tolerances does not apply to credit card expenses.
• D. Conversion rate defaults apply only to cash expenses, not to corporate card expenses.
• E. Card transactions will be paid directly from Expenses Clou

Answer: CD

NEW QUESTION 15
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which two actions will accomplish this?

• A. Define the Disbursement Bank Account to every supplier.
• B. Define the Disbursement Bank Account to the Payment Method in payment default rules.
• C. Assign the Disbursement Bank Account to users to have the payment process default the bank account.
• D. Create a Payment Process Request template that includes the Disbursement Bank Account.
• E. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.

Answer: BD

NEW QUESTION 16
You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?

• A. Run the create accounting program.
• B. Run the invoice validation program.
• C. Remove the documents or payments causing the error and resume the payment process.
• D. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.
• E. Terminate the payment process reques

Answer: DE

Explanation:
Reference: https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm

NEW QUESTION 17
Which two statements about the submission of invoices by suppliers using Supplier Portal are true?

• A. A supplier can submit a single invoice against multiple purchase orders across different currencies and organizations.
• B. A supplier can validate the invoice after submitting it.
• C. A supplier can make changes to the invoice after submitting it.
• D. A supplier can submit a single invoice against multiple purchase orders, provided the currency and organization for all the invoice items are the same as those on the purchase orders.
• E. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully billed.

Answer: BE

NEW QUESTION 18
You have created an approval rule as follows:
Rule 1: If the invoice amount > $1000, route it to User 1. Rule 2: If the invoice amount < $1000, auto approve it.
Now, the user creates an invoice for $1000 and routes it for approval. What will happen?

• A. The system will issue an error message after the approval has been initiated.
• B. Invoice will not be processed.
• C. Invoice will be sent to User 1 for approval.
• D. Invoice will be auto-approve

Answer: B

NEW QUESTION 19
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 US
• E. The credit memo is partially paid with a remaining credit of $25 USD.

Answer: D

NEW QUESTION 20
What are the output formats supported for Electronic and Check format programs?

• A. Electronic output format of etext, Check output format of rtf
• B. Electronic output format of Text, Check output format of Text
• C. Electronic output format of DATA (csv), Check output format of Zipped PDFs
• D. Electronic output format of PDF, Check output format of PDF
• E. Electronic output format of XML, Check output format of rtf

Answer: E

NEW QUESTION 21
You are using the Payable’s Deferred Expense feature (also known as Multiperiod Accounting). You have entered an invoice for a three-month lease that is entered on Jan 10th. The total expense is $12,000 and it covers the rental period from Jan 1st to Mar 31st.
Assuming that the rental expenses are split evenly per month and a monthly accounting calendar is used, what would the accounting entry be?

• A. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000and thenOn Jan 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Feb 28th, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
• B. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000
• C. On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Feb 28th, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
• D. On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Jan 10th, Debit Prepaid Expense for 12,000 and Credit Liability for 12,000

Answer: A

NEW QUESTION 22
Before you can configure payment approval rules, your company must define a payment approval policy. Which three are done by the payment approval policy?

• A. It allows approvers to review payments and decide whether or not to approve a payment.
• B. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.
• C. It defines when to initiate the payment approval process.
• D. It determines which payments must go through the payment approval process.
• E. It defines a list of approvers who review payments and make final payment decision

Answer: BCE

NEW QUESTION 23
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