Identify three sections that are part or the Accounts Payables Dashboard?
Options: -
A. Invoice Requiring Attention
B. Payments Files Requiring Attention
C. Available Prepayments
D. Payables Process Request
E. Supplier Sites on Payment Hold.
Answer: A, D & E
Answer Explanation: Interactive Payables Dashboard Obtain a holistic view of all invoices and payments that require attention and user action from a central Location be notified about the status of transactions without having to navigate to multiple pages. For example, identify invoices on hold, unapproved invoices, invoices waiting for approval, payment process requests that have been interrupted, suppliers on hold, and more.
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| Oracle Fusion Financial Payables Certification:1Z0-1055-20 |
The Apply Missing Conversion Rates program can only be executed for a ____?
Options: -
A. Ledger
B. Business Unit
C. Legal Entity
D. Business Group
E. Ledger Set
Answer: A
Answer Explanation:
Missing Conversion Rate: Controls what the system should do if it cannot find a conversion rate as of the conversion date
* If Report an Error is selected, the system will report an error and prevent a transaction or journal from
being posted in the source ledger; a conversion rate will need to be specified to successfully convert data entered in the source ledger to this reporting currency.
* If Use Last Rate is selected, the system will use the last rate defined for a particular rate type if it cannot find a currency conversion rate; if enabled, specify a number for the Number of Days to Find the Last Rate.
What are the three prerequisites for applying a prepayment to an invoice?
Options: -
A. The prepayment has the same invoice currency as the invoice.
B. The prepayment has the same requester as the invoice.
C. The prepayment has the same supplier number as the invoice.
D. The prepayment has the same payment currency as the invoice.
E. The prepayment has the same payment term as the invoice.
Answer: A, C & D
Answer Explanation:
You can only apply a prepayment to an invoice with the same supplier, invoice currency, and payment currency as theprepayment.
Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?
Options: -
A. The payment term of the purchase order overrides the invoice payment term.
B. The payment term of the invoice overrides the purchase order payment term.
C. The user needs to specify which payment term will be used.
D. The user needs to manually change the payment term on the invoice to make it the same as the
purchase order payment term.
E. The purchase order payment term can NOT be overridden.
Answer: B
Answer Explanation:
In the Match to PO window review the purchase order Payment Terms and optionally change the invoice Payment Terms in the Invoices window. Payables uses the invoice payment terms to schedule invoice payment.
Note: TERMS_ID
Enter the ID for the payment terms of the purchase order. Payables defaults this value during matching of PO Default and Quickmatch invoices in the Invoices window. Payables Open Interface Import may also use this value as a default for matched invoices during import.
If you choose to leave this column empty, Payables will not warn you if the purchase order and invoice payment terms differ.
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