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

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Showing 7–9 of 10 questions

Question 7

How will system evaluate the tolerances for expense reports?

Select an option, then click Submit answer.

  • ○

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

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

    System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)* currency precision.
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    System will use absolute amount tolerance setup to do validations.
Question 8

Your client is concerned that all expense reports are getting automatically approved by the expenses system despite the setup of an Audit Selection Rule.

What is the reason for this?

Select an option, then click Submit answer.

  • ○

    The audit selection rule has not been assigned in the system options page
  • ○

    The audit selection rule has not been assigned to the legal entity
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    Auditing has not been enabled in the system options page
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    An expenses template and type rule has not been setup
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    The audit selection rule has not been assigned to the business unit
Question 9

You have created an approval rule as follows:

Rule 1: If the invoice amount > $1000, route it to User 1. Rule 2: If the invoice amount < $1000, auto approve it.

Now, the user creates an invoice for $1000 and routes it for approval.

What will happen?

Select an option, then click Submit answer.

  • ○

    Invoice will be auto-approved.
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    The workflow will fail once approval is initiated.
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    The initiate option is greyed out for the invoice.
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    Invoice will be sent to User 1 for approval.