1z0-1055-22 Oracle Financials Cloud: Payables 2022 Implementation Professional Questions and Answers

March 15th

January 15th

April 15th

February 15th

Set the validationfailure handling for documents to “show errors.”

Set the validation failure handling for payments to “stop process for review.”

Set the validation failure handling for payments to “show errors.”

Enable debug for the payment format program.

Payables to Ledger Reconciliation report

Payables Aging reports with the General Ledger Trial Balance report

General Ledger Financial Statements and the Accounts Payable and Invoice Registers

Payables Trial Balance and General Ledger Trial Balance reports

identification of errors with clear errormessages at the invoice header and line levels

ability to enter a high volume of invoices via a spreadsheet

ability to correct errors and re-import invoices directly from a spreadsheet

identification of errors with clear error messages at theinvoice header level only

ability to correct errors within the spreadsheet and send invoice corrections for approval

allow you to secure data by business unit

allow you to assign multiple business units to users in a shared service center

allow you to maintain sets of related data in a Data Dictionary

allow you to share reference data, such as payment terms,across multiple business units to avoid redundant setup

Electronic output format of XML, Check output format of rtf

Electronic output format of eText, Check output format of rtf

Electronic output format of Text, Check output format of Text

Electronic output format of DATA (csv), Checkoutput format of Zipped PDFs

Electronic output format of PDF, Check output format of PDF

Insert the syntax before the Supplier field on the template. Then, enter the tag after the invoices table.

Insert the syntax before the Supplier field and then enter the closing tag .

Insert the syntax before the Supplier field and then enter the closing tag after the invoices table.

Hard code Supplier Name “Company A” in the report template and only invoices for that supplier will be displayed.

Invoices that are automatically created when the supplier creates an ASN for drop shipments

B2B XML invoices

Nonpurchase order matched invoices

Invoices that are created from the Evaluated Receipt Settlement (ERS) process

Purchase order matched invoices

three procurement business units

one business unit per supplier

five sold-to business units

four requisition business units

twelve business units per supplier

Define the Disbursement Bank Account in the Payment tab at the supplier site level.

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.

Define the Disbursement Bank Account at the business unit level to have the payment processderive the bank account.

Define the Disbursement Bank Account to the Payment Method in payment default rules.

Application System Administrator

Any Functional User

Functional Setup Manager Superuser

IT Security Manager

ApplicationImplementation Consultant

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.

No change in the template is needed as we can achieve this using user-defined validations to move the positions as required.

Keep the payment process profile and leave the format programs unchanged.

Copy and modify the existing template to alter the positions as requested by the bank.

Create a newpayment process profile and a new format program.

Create a new template to make changes as requested by the bank.

Oracle Data Integrator or Golden Gate can be used to map the fields as required.

Run the createaccounting 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.

System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100)|) currency precision.

System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)*currency precision.

System will calculate error tolerance as Policy Rate *(1+Warning Tolerance+ Error Tolerance/100).

System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100).

System will use absolute amount tolerance setup to do validations.

Legal Entity

Bank

Business Unit

Bank Account

Supplier

The user needs to specify which payment term to use.

The payment term of the purchase order overrides the invoice payment term.

The payment term of the invoice overrides the purchase order payment term.

The purchase order payment term cannot be overridden.

The user needs to manually change the payment term on the invoice to match the purchase order payment term.