Free Access Oracle.1z0-1055-22.v2023-11-27.q48 Practice Test (Page 7)

Question 26

XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However, when reviewing the invoice installments for XYZ Supplier the payables specialist is unable to override the remit-to supplier name and address on the Invoice installments.
What is the reason for this?

A.The option 'Allow remit-to supplier override for third-party payments' is not checked in the Disbursement System Options page for the business unit.

B.The option 'Allow remit-to supplier override for third-party payments' is not checked in the Common Options for Payables and Procurement page for the business unit.

C.The option 'Allow remit-to supplier override for third-party payments' is not checked in the Invoice Options page for the business unit.

D.The option 'Allow remit-to supplier override for third-party payments' is not checked in the Payment Options page for the business unit.

Question 27

Which two statements are true when you are using the Intercompany Reconciliation Reports? (Choose two.)

A.You must run the prepare Intercompany Reconciliation Reporting Information process.

B.The reconciliation period summary report will not show the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.

C.The reports will show the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.

D.The reports will include Ledger balancing lines generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.

E.You can drill down on the links in the Period Summary report to view the balances by Intercompany Organization.

Question 28

You entered an invoice of 12,000 and paid it for Office Suppliers. The payment was never received by the supplier, and you decide to return the entire order. What should you do?

A.Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits the liability and credits the expense.

B.Issue a credit memo, which will debit the liability and credit the expense.

C.Void the payment, which debits cash and credits the liability, and then issue a credit memo, which debits the liability and credits the expense.

D.Cancel the invoice, which debits the liability and credits the expense.

Question 29

Which three are subject area subfolders that report Payables reconciliation differences to General Ledger? (Choose three.)

A.Reconciliation Payment Details

B.Reconciliation Invoice Request Details

C.Reconciliation Prepayment Application Details

D.Reconciliation Invoice Hold Details

E.Reconciliation Invoice Details

Question 30

How will system evaluate the tolerances for expense reports?

A.System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100)|) currency precision.

B.System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)*currency precision.

C.System will calculate error tolerance as Policy Rate * (1+Warning Tolerance+ Error Tolerance/100).

D.System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100).

E.System will use absolute amount tolerance setup to do validations.

Other Version: 1081Oracle.1z0-1055-22.v2023-05-31.q50

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Question 26

Question 27

Question 28

Question 29

Question 30

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