Free Access Oracle.1z0-1055-20.v2022-03-24.q37 Practice Test (Page 3)

Question 6

Which three are valid reasons why you cannot close your Payables period? (Choose three.)

A.Unapplied prepayments

B.Bills payable requiring maturity

C.Unaccounted invoices and payments

D.Suppliers on payment holds

E.Incomplete payment files

Question 7

Identify three statements that indicate the purpose of Functional Setup Manager.

A.It allows you to centrally manage the close processes across subledgers and ledgers.

B.it allows you to assign setup tasks to individuals with due dates where users must manually update their completion status.

C.It automatically marks the completion status of tasks as Completed once they have been completed.

D.It automatically generates lists of setup tasks in the correct sequence with dependencies highlighted.

E.It provides a central place to access and perform all of the setup steps across the applications.

Question 8

Which job role has full access to perform all Functional Setup Manager related activities?

A.Functional Setup Manager Superuser

B.Any Functional User

C.IT Security Manager

D.Application Implementation Consultant

E.Application System Administrator

Question 9

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

A.yes, by canceling the payment process from the process monitor

B.Cancel the invoice and create a new one.

C.yes, by voiding the payment created

D.yes, by creating a credit memo to offset the payment

E.no

Question 10

A Payment Process Request was submitted and errors were found in the payment file. The payment file and process were terminated.
Which two statements are true? (Choose two.)

A.The invoices are placed on payment hold.

B.The status of each payment in the payment file is Terminated.

C.The status of the payment file is Terminated.

D.The status of each payment in the payment file is Cancelled and the related documents are available for future selection.

E.The status of the payment file is Cancelled.

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Question 6

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Question 10

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