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

Question 141

A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross-currency rate type the default?

Options:

A. Manage Invoice Options and Manage common options for Payables and Procurement

B. Manage Payable Options and Manage Invoice Options

C. Manage Invoice Options and Manage Procurement agents

D. Manage common options for Payables and Procurement and Manage Procurement agents

E. Manage Payment Options and Manage common options for Payables and Procurement

 

Answer: E

Answer: NA

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

Question 142

You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post the invoice to general ledger?

A. Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger's Manage Journals page and post the associated invoice journal entry.

B. Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.

C. Enter and post a manual journal entry directly into the general ledger.

D. Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.

 

Answer: A

Answer Explanation: NA

 

Question 143

Which method can you use to route payment approval rules?

Options:

A. Approval Groups

B. Sequential

C. Both Parallel and Sequential

D. Parallel

E. Serial and FYI (For Your Information)

 

Answer: B & C

Answer Explanation: NA

 

Question 144

If you accidentally paid an invoice using Create Payment flow, can you undo the payment created?

Options:

A. yes, by canceling the payment process from the process monitor

B. Cancel the invoice and create a new one.

C. yes, by voiding the payment created

D. yes, by creating a credit memo to offset the payment

E. no

 

Answer: C

Answer Explanation: NA

 

Question 145

When creating a check payment, from where is the payment document defaulted?

 

A. Legal Entity

B. Bank

C. Business Unit

D. Bank Account

E. Supplier

 

Answer: D

Answer Explanation: NA