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1z0-1055-21 – Oracle Financials Cloud: Payables 2021 Implementation Essentials

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Showing 1–3 of 10 questions

Question 1

Your client wants the subledger journal entry description to be transferred to general ledger.

Which two could be used to enable this? (Choose two.)

Select all that apply, then click Submit answer.

  • ○

    Set the General Ledger Journal Entry Summarization option to Summarize by general ledger period
  • ○

    Set the General Ledger Journal Entry Summarization option to Group by general ledger period
  • ○

    Set the General Ledger Journal Entry Summarization option to Group by general ledger date
  • ○

    Set the General Ledger Journal Entry Summarization option to Summarize by general ledger date
Question 2

Which two are true for Payables Payment Terms? (Choose two.)

Select all that apply, then click Submit answer.

  • ○

    When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice plus those associated with the common set.
  • ○

    You must assign the predefined payment term Immediate to the reference data set that is assigned to the business unit before you can define common options for Payables and Procurement.
  • ○

    When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice but not those associated with the common set.
  • ○

    Each payment term can only be assigned to one reference data set.
Question 3

While processing an expense report, the system placed a payment hold on the expense report.

What are two ways to release payment holds? (Choose two.)

Select all that apply, then click Submit answer.

  • ○

    Expenses automatically releases holds when receipts are received or waived.
  • ○

    The employee can manually release the hold from the notification.
  • ○

    The expense auditor can manually release the payment hold at his discretion.
  • ○

    The employee's supervisor can manually release the hold from the notification.
  • ○

    Payables Manager can release payment holds in Payables.