Online Access Free 1Z0-1055-24 Practice Test

An installment for $2,000 USD is due for payment on July 31, 2022. The installment has two discounts: the first discount date is June 15, 2022 for $150 USD and the second discount date is June 30, 2022 for $50 USD.
You submit a Payment Process Request with the following criteria:
Payment Date = June 20, 2022
Pay Through Date = July 30, 2022
Date Basis = Due Date
What will be the resulting status of the installment and discount?

• A.The installment is selected and a discount of $150 USD is applied.
• B.The installment is not selected because the due date is after the Pay Through Date.
• C.The installment is not selected because the discount dates are before the Pay Through Date.
• D.The installment is selected and no discount is applied.
• E.The installment is selected and a discount of $50 USD is applied.

You have been managing the procure to pay process related to a construction project for one of your customer. You are using retainage feature to ensure that a certain percentage of payment is held back until the project is completed , and all requirements are fulfilled according to the contract.
A portion of the work has been completed and retainage release invoices?

• A.Retainage release by Invoice schedule
• B.Retainage release by PO Line
• C.Retainage release by Invoices
• D.Retainage release by Invoice Lines
• E.Retainage release by PO Schedule

One of your clients notifies their suppliers of rejected invoices via email. You suggest that they instead send notifications to suppliers for rejected electronic invoices using industry-standard XML as a UBL 2.1 Invoice Response Message. Your client wants to know about the benefits of making this switch.
Which two benefits of this feature can you share with them?

• A.The notification provides suppliers with the option to request Payables manual intervention and support.
• B.There is automatic processing of electronic response messages.
• C.Suppliers can view the rejection reason in their system and take corrective action.
• D.You can customize automatic responses per invoice type.

Which three options are available to filter data when you submit the Prepare Payables to Ledger Reconciliation Report?

• A.Accounting Period
• B.Primary Ledger
• C.Natural Account
• D.Supplier
• E.Balancing Segment Value
• F.Business Unit

You're a Payables supervisor, and your team has been struggling to keep up with the high volume of incomplete invoices coming through the Oracle Cloud Supplier Portal, causing delays in timely period closures. As a Payables supervisor, you have the ability to identify and then cancel incomplete supplier portal invoices without having to contact suppliers.
Which two options are available for the Payables Supervisor to identify incomplete supplier portal invoices for cancellation?

• A.Run the Period Invoice Audit Report
• B.Query the Payables Invoice Register
• C.Query invoices on the Manage Invoices page
• D.Run the Period Close Exception Report