Online Access Free 1Z0-1005 Practice Test

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

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

An invoice for $200 USD and a credit memo for $225 USD are due for payment and the "Apply credits up to zero amount" option is enabled for the payment process request. Which statement is correct?

• A.The payment process request applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.
• B.The payment process request pays only $200 USD alone.
• C.The payment process request doesn't select the invoice or credit memo for payment because the credit reduces the payment to - $25 USD, which is below zero.
• D.The payment process request creates a refund for $225 USD and leaves the invoice unpaid.

Which is the Payables tool based on real-time data?

• A.Oracle Financial Reporting (FR)
• B.Oracle Transactional Business Intelligence (OTBI)
• C.Essbase Cube
• D.Smart View
• E.Oracle Business Intelligence Applications (OBIA)

Which dashboard or workarea displays the Scanned Invoices region for invoices processed through the Payables Integrated Imaging solution?

• A.C-level executives
• B.Invoices Workarea only
• C.Manage Invoices page
• D.Payables Dashboard only
• E.Payables Dashboard and Invoices Workarea

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