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Ace Your 1z0-1055-22 Oracle Financials Cloud Exam

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Total 139 questions
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Oracle Financials Cloud: Payables 2022 Implementation Professional Questions and Answers

Question 13

You need 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?

Options:

A.

SingleTypeParticipantInParallelModeRuleSet

B.

FyiTypeParticipantInParallelModeRuleSet

C.

InvoiceApprovalRuleSet

D.

ParallelTypeParticipantInParallelModeRuleSet

Question 14

A Payables user creates a manual invoice and a Withholding Tax Classification Code defaults on the invoice line when the invoice is saved.

Where does this Withholding Tax Classification Code default from?

Options:

A.

From the Party Tax Profile of the Third Party Site

B.

From the Manage Tax Reporting and Withholding Tax Options

C.

From the Income Tax region of theSupplier

D.

From the Site Assignments of the Supplier Site

Question 15

Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run? (Choose two.)

Options:

A.

For the Legal Jurisdiction, Legal function: “Generate intercompany invoice” should be assigned.

B.

Schedule create accounting for the intercompany process.

C.

Supplier site primary pay flagand customer account bill to primary flag should be enabled.

D.

Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.

E.

Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.

F.

Manual Approvals should be allowed for the transaction type.

Question 16

You are voiding apayment and have selected Cancel as the Invoice Action. After performing the void, you notice the invoice is not cancelled but has an Invoice Cancel hold on it.

What is reason for this?

Options:

A.

The invoice has been partially paid by another payment.

B.

The invoice date is not in the current open period.

C.

The invoice is already on hold.

D.

The invoice accounting date is not in the current open period.

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Total 139 questions
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