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

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

Question 100:

Which three activities are performed in the Corporate Cards Work Area?

Options: -

A. managing outstanding transactions

B. managing historical transactions

C. managing corporate card programs

D. managing corporate card issuers

E. creating payment requests

F. managing usage policies

 

Correct Answer: A, C & E

Answer Explanation: NA

 

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

Question 101

Which three attributes can be viewed for a Quick Payment from the Manage Payments page?

 

Options: -

A. Ledger

B. Error Message

C. Supplier Number

D. Interest

E. Business Unit

 

Answer: A, C & E

Answer Explanation:

Note: A single payment that you create for one more invoice without submitting a payment process request.

 

Question 102

What are the two parameters for the Payables Trial Balance Report?

Options: -

A. Supplier Name

B. Legal Entity

C. Supplier Number

D. Ledger

E. Party Name

 

Correct Answer: D & E

Answer Explanation: Parameters

Ledger

Specify the ledger for which to run the report. You may select a primary or secondary ledger, or a reporting currency ledger.

Note: - You can run the Accounts Payable Trial Balance for primary and secondary ledgers, and for reporting currencies. However, the original invoice amount is only provided when the report is run for the primary ledger. The reason is that Payables only stores transaction base amounts in the primary ledger currency.

Business Unit -Specify the business unit for which to run the report or leave blank to include all business units.

Liability Account As-of Date-Specify the date as of which to report the liability account.

Party Name -Enter a party to limit the report to a single supplier or party.

Account From -Select the accounts.

Negative Balances Only Select Yes to limit the output of the report to suppliers with negative balances. The Payables Trial Balance

Report lists and subtotals, by supplier and liability account, all unpaid and partially paid invoices that Payables has transferred to the general ledger. Credit liability amounts are reported as positive amounts, as they represent outstanding balances. Debit liability amounts decrease the outstanding balance.

 

Question 103

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