Online Access Free 1Z0-1055-21 Practice Test

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 Terms
• C.Disbursement Bank Account
• D.Payment Format
• E.Payment Method

You have modified your tax setup and want to test the changes on actual Payables transactions. How do you validate before enabling for transaction?

• A.by creating a payable invoice, and by validating and reviewing the tax application
• B.by changing the tax status to test and then entering a payables invoice
• C.by using Tax Simulator to test
• D.by creating accounting in draft mode
• E.Oracle Transactional Business Intelligence (OTBI)

A Payables supervisor wants to apply a prepayment to an invoice.
Which combination of invoice and payment currencies allow the application of a prepayment to an invoice?

• A.Standard Invoice: Invoice Currency USD, Payment Currency USD
  Prepayment: Invoice Currency CAD, Payment Currency CAD
• B.Standard Invoice: Invoice Currency USD, Payment Currency GBP
  Prepayment: Invoice Currency USD, Payment Currency AUD
• C.Standard Invoice: Invoice Currency USD, Payment Currency CAD
  Prepayment: Invoice Currency CAD, Payment Currency CAD
• D.Standard Invoice: Invoice Currency CAD, Payment Currency GBP
  Prepayment: Invoice Currency USD, Payment Currency AUD

You have three procurement business units, four requisition business units and five sold-to business units. For which will the supplier registration flows be deployed?

• A.five sold-to business units
• B.one business unit per supplier
• C.four requisition business units
• D.twelve business units per supplier
• E.three procurement business units

Before you can configure payment approval rules, your company must define a payment approval policy.
Which three are done by the payment approval policy? (Choose three.)

• A.It determines which payments must go through the payment approval process.
• B.It defines when to initiate the payment approval process.
• C.It allows approvers to review payments and decide whether or not to approve a payment.
• D.It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.
• E.It defines a list of approvers who review payments and make final payment decisions.