Free Oracle Financials Cloud: Payables 2021 Implementation Essentials Exam 1Z0-1055-21 Exam Practice Test

You want to customize the Payables Invoice Register template to only display invoices when the Supplier name is Company

• Supplier name is a group that repeats on every page.
  Which is the correct way to customize the template?
  
• Insert the syntax <?if:VENDOR_NAME= 'COMPANY A'?> before the Supplier field on the template. Then, enter the <?end if?> tag after the invoices table.
  
• Insert the syntax <?if:condition?> before the Supplier field and then enter the closing tag </<?if:condition?>.
  
• Insert the syntax <?if:'COMPANY A'?> before the Supplier field and then enter the closing tag </<?if:COMPANY A?> after the invoices table.
  
• Hard code Supplier Name ''Company A'' in the report template and only invoices for that supplier will be displayed.
  

You need to have an invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage.Select two methods to achieve this. (Choose two.)

• Configure Subledger Accounting rules to allocate costs.
  
• Define a distribution set and assign it manually to the invoice.
  
• Choose the 'All Lines' option from the Allocate menu in the invoice line area.
  
• Define a distribution set and assign it to the supplier.
  

Which two are classified as Self-Billed invoices? (Choose two.)

• Customer Refunds initiated from Receivables
  
• Evaluated Receipt Settlement (ERS) Invoices
  
• Invoices created using Integrated Imaging
  
• Expense Reports transferred from Expenses
  
• Debit Memos created by the Return to Supplier feature
  
• Invoices entered through the Supplier Portal
  

You need to have your invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage.Which two are valid methods to achieve this? (Choose two.)

• Choose the 'All Lines' option from the Allocate menu in the invoice line area.
  
• Define a distribution set and assign it to the supplier.
  
• Define a distribution set and assign it manually to the invoice.
  
• Define a payment term and assign it to the invoice.
  

You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements. (Choose two.)

• For period end accruals, accounting is created at material receipt or at delivery to a final destination.
  
• For period end accruals, the invoice accounting debits the expense account and credits the liability account.
  
• For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.
  
• For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.
  

A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.Which actions will accomplish this? (Choose two.)

• Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
  
• Define the Disbursement Bank Account to the Payment Method in payment default rules.
  
• Define the Disbursement Bank Account to every supplier.
  
• Create a Payment Process Request template that includes the Disbursement Bank Account.
  
• Assign the Disbursement Bank Account to users to have the payment process default the bank account.
  

In the Business Intelligence Publisher (BIP) report layout properties page, when you click Extract Translation, the BIP publisher extracts the translatable strings from the BIP report template and exports them into whichformat?

• .doc (Word file)
  
• .pdf (Acrobat reader file)
  
• .xls (Excel file)
  
• .xlf (XLIFF file)
  

N NO: 46An installment for $1,000 USD is due for payment on January 10, 2019. The installment has two discounts: the first discount date is December 5, 2018 for $150 USD and the second discount date is December 20, 2018 for $50 USD. The Pay Date Basis on the supplier site is Discount.You submit a Payment Process Request with the following criteria:Payment Date = December 5, 2018Pay Through Date = December 25, 2018Date Basis = Pay DateAlways Take Discount option is enabledWhat will be the resulting status of the installment and discount?

• The installment is selected and a discount of $50 USD (the second discount) is applied.
  
• The installment is selected and a discount of $200 USD ($150 + $50) is applied.
  
• The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.
  
• The installment is selected but no discount is applied because the payment date is after the discount dates.
  
• The installment is not selected because the first discount date is before the Pay Through Date.
  

You are voiding a payment 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?

• The invoice has been partially paid by another payment.
  
• The invoice date is not in the current open period.
  
• The invoice is already on hold.
  
• The invoice accounting date is not in the current open period.
  

You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?

• Run the create accounting program.
  
• Run the invoice validation program.
  
• Remove the documents or payments causing the error and resume the payment process.
  
• Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.
  
• Terminate the payment process request.