Oracle 1Z0-1005 Online Practice Questions and Exam Preparation

Oracle 1Z0-1005 Online Questions & Answers

• Question 1:

  Identify three scenarios where you are not allowed to cancel an invoice. (Choose three.)

  A. Prepayments were applied to the invoice.
  B. An accounting entry has been created for the invoice.
  C. The invoice is validated.
  D. The invoice is fully or partially paid.
  E. The invoice was adjusted by a credit or a debit memo.
  A. Prepayments were applied to the invoice.
  D. The invoice is fully or partially paid.
  E. The invoice was adjusted by a credit or a debit memo.

• Question 2:

  You have two business units: Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?

  A. Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set Assignments page.
  B. Assign the Expense Auditor job role to each auditor and associate the business unit to the role by using the Manage Data Access for Users page.
  C. Assign the Expense Auditor job role to each auditor and use segment value security rules to secure access to the business units.
  D. Assign the Expense Auditor job role to each auditor and use a data access set to associate the business unit to the role.
  B. Assign the Expense Auditor job role to each auditor and associate the business unit to the role by using the Manage Data Access for Users page.

• Question 3:

  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
  D. Bank Account

• Question 4:

  Which three are invoice types that can be entered using the Supplier Portal? (Choose three.)

  A. Invoices that are automatically created when the supplier creates an ASN for drop shipments
  B. B2B XML invoices
  C. Non purchase order matched invoices
  D. Invoices that are created from the Evaluated Receipt Settlement (ERS) process
  E. Purchase order matched invoices
  B. B2B XML invoices
  D. Invoices that are created from the Evaluated Receipt Settlement (ERS) process
  E. Purchase order matched invoices

• Question 5:

  You have invoices with distributions across primary balancing segments that represent different companies.

  What feature should you use if you want the system to automatically balance your invoice's liability amount across the same balancing segments on the invoice distributions?

  A. Payable's Automatic Offset
  B. Intercompany Balancing
  C. Subledger Accounting's Account Rules
  D. Suspense Accounts
  E. Payables' Allow Reconciliation Accounting
  A. Payable's Automatic Offset

• Question 6:

  While entering an expense report for your corporate card transactions, you notice that the conversion rate defined in the Manage Conversion Rates and Policies page is not used. What is the reason?

  A. You did not define conversion rates for your business unit.
  B. You did not specify a default expense template.
  C. Only cash transactions use those settings.
  D. You did not define conversion rates in the General Ledger Cloud.
  C. Only cash transactions use those settings.

• Question 7:

  Your client company wants to ensure that the payments they are sending to their financial institution are valid and formatted correctly. They would like to identify any validation failures as early in the process as possible. Where would you suggest the validations are set?

  A. Supplier Site
  B. Payment Method
  C. Payment Format
  D. Payment Terms
  E. Disbursement Bank Account
  B. Payment Method

• Question 8:

  While processing an expense report, the system placed a payment hold on the expense report. What are two ways to release payment holds? (Choose two.)

  A. The employee can manually release the hold.
  B. Payables Manager can release payment holds in Payables.
  C. The employee's supervisor can manually release the hold.
  D. The expense auditor can manually release the payment hold at his discretion.
  E. Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.
  D. The expense auditor can manually release the payment hold at his discretion.
  E. Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.

• Question 9:

  Your client company has two business units and requires the Payables Specialist to process invoice transactions for both business units. What setup is required to achieve this?

  A. a Self-Service Service Provider Model
  B. a Dedicated Service Provider model
  C. Business Unit Security
  D. a Dedicated and Self-Service Service Provider Model
  C. Business Unit Security

• Question 10:

  What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?

  A. Standard Invoice
  B. Standard invoice request
  C. Credit Memo
  D. Supplier payment request
  E. iSupplier Invoice
  B. Standard invoice request