Online Access Free 1Z0-1055 Practice Test

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

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

Which two statements are true about the Invoice Validation process? (Choose two.)

• A.updates supplier balances
• B.validates project information
• C.creates accounting entries in draft
• D.creates tax lines and distributions
• E.opens the relevant accounting period

When submitting the Payables to General Ledger Reconciliation report, the extract did not select any dat a. What should you check?

• A.Make sure you specified a Business Unit in the parameters when running the extract.
• B.Make sure you enabled the Reconciliation flag to all of your liability natural account values.
• C.Make sure you assign an Account parameter when running the extract to include liability accounts.
• D.Make sure you assigned a Financial Category of Accounts Payable to all your liability natural account values.

What is the difference between subject areas that append the word "Real Time" and those that do not?

• A.The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.
• B.There is no difference.
• C.The "Real Time" subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.
• D.The "Real Time" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.

If you accidentally paid an invoice using Create Payment flow, can you undo the operation?

• A.yes, by voiding the payment created
• B.Cancel the invoice and create a new one.
• C.yes, by creating a credit memo to offset the payment
• D.no
• E.yes, by canceling the payment process from the process monitor