Online Access Free 1Z0-215 Practice Test

Payables lists four seeded payment methods. They are check, outsourced check, electronic, and wire. Choose the correct description for wire.

• A.an EFT, EDI, or XML to the bank of a supplier
• B.a funds transfer initiated by contacting the bank and requesting wire payment to the bank of a supplier
• C.transmission of payment information to an external party, such as your bank, that prints checks on your behalf
• D.a paper check to print and send to a supplier

You have received an invoice that requires an immediate payment. The next scheduled check run is not until the end of the week. Which two methods may you use to create the payment? (Choose two.)

• A.Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a quick payment.
• B.Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and creates a manual payment.
• C.Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a manual payment.
• D.Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full.This accesses the Payment Workbench and create a quick payment.

Identify two advantages of using Oracle Internet Expenses. (Choose two.)

• A.Expense reports that are entered using Internet Expenses are visible in Payables.
• B.Expense report template attributes are defined in Internet Expenses to manage expense types.
• C.Enforcement of spending policy controls expenses, showing any policy deviations.
• D.It improves cycle times by routing expense reports via a workflow.

Identify three benefits of using the Journals Import: Group By Effective Date profile option. (Choose three.)

• A.facilitates financial auditing and compliance with the newSabanes-Oxley Act
• B.facilitates more transparent exchange rate conversions
• C.accounts for business transactions by effective date or by accounting date
• D.makes daily updates to daily business intelligence
• E.facilitates consolidation

Which three statements are true about the revaluation process? (Choose three.)

• A.Revaluation calculates the differences between the current cumulative functional currency balance of the foreign transactions and the revalued functional currency balance calculated by using the revaluation rate.
• B.The revaluation process must be executed after the translation process has completed.
• C.You must post the revaluation journal entries.
• D.This process revalues the foreign currency portion of the account balances by using the revaluation rate defined in the period rates table.