Oracle 1Z1-1005 Actual Tests : Oracle Financials Cloud: Payables 2018 Implementation Essentials

Walking into the 1Z1-1005 exam cold is a risk you do not need to take. The Actual4test test engine simulates the real exam environment, letting you rehearse the Oracle Financials Cloud: Payables 2018 Implementation Essentials experience with 95 timed practice questions.

Oracle 1Z1-1005 Exam Overview:

Oracle 1Z1-1005 Exam Syllabus Topics:

Common Questions Candidates Ask About 1Z1-1005

Oracle Financials Cloud: Payables 2018 Implementation Essentials Sample Questions:

Question 1

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 and then validate, account, and post the invoice from the spreadsheet.
B. Enter and post a manual journal entry directly into the general ledger.
C. 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.
D. Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.

Question 2

Which two statements about the submission of invoices by suppliers using Supplier Portal are true? (Choose two.)

A. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully billed.
B. A supplier can submit a single invoice against multiple purchase orders across different currencies and organizations.
C. A supplier can make changes to the invoice after submitting it.
D. A supplier can validate the invoice after submitting it.
E. 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.

Question 3

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.)

A. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.
B. Manual Approvals should be allowed for the transaction type.
C. Schedule create accounting for the intercompany process.
D. For the Legal Jurisdiction, Legal function: "Generate intercompany invoice" should be assigned.
E. Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.
F. Supplier site primary pay flag and customer account bill to primary flag should be enabled.

Question 4

Which three are Invoice Header attributes that can be used during invoice approval rule creation? (Choose three.)

A. Pay Group Lookup Code
B. Statistical Amount
C. Accounting Date
D. Requester Name
E. Business Unit Name

Question 5

XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However, when reviewing the invoice installments for XYZ Supplier the payables specialist is unable to override the remit-to supplier name and address on the Invoice installments.
What is the reason for this?

A. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Disbursement System Options page for the business unit.
B. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Common Options for Payables and Procurement page for the business unit.
C. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Payment Options page for the business unit.
D. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Invoice Options page for the business unit.

Solutions: