Oracle Oracle Certifications 1Z0-1005 Questions & Answers

• Question 1:

  Your client company has two business units and requires the Payables Specialist to process invoice

  transactions for both business units.

  What setup is required to achieve this?

  A. a Self-Service Service Provider Model

  B. a Dedicated Service Provider model

  C. Business Unit Security

  D. a Dedicated and Self-Service Service Provider Model

  Correct Answer: C

• Question 2:

  You need to route invoices to three different approvers at the same time, and only one approver needs to

  approve the invoice.

  Which approval ruleset should you use?

  A. SingleTypeParticipantInParallelModeRuleSet

  B. FyiTypeParticipantInParallelModeRuleSet

  C. InvoiceApprovalRuleSet

  D. ParallelTypeParticipantInParallelModeRuleSet

  Correct Answer: D

  Reference: https://www.google.com/url? sa=tandrct=jandq=andesrc=sandsource=webandcd=1andved=2ahUKEwj2_d2jyOflAhUC1BoKHXo5AD0QFjAAegQIAB ACandurl=https%3A%2F%2Fcloudcustomerconnect.oracle.com%2Ffiles%2F6f161e9c27% 2FConfiguring_Invoice_Approval_Workflow-R12.pdfandusg=AOvVaw1duCYwjBkyX8s-vP-5_0VQ

• Question 3:

  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 Invoice 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 Payment Options page for the business unit.

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

  Correct Answer: A

  Reference: https://fusionhelp.oracle.com/fscmUI/topic/ TopicId_P_F262E208A16408DEE040D30A68815984

• Question 4:

  Which three reports are generated by the export setup data process? (Choose three.)

  A. Exported Business Object Report

  B. Process Results Report

  C. Process Results Summary Report

  D. Process Results Detail Listing Report

  E. Setup Data Report

  Correct Answer: BCE

  Reference: https://docs.oracle.com/applications/farel12/commonops_gs/OAFSM/ OAFSM1166430.htm#OAFSM1166430

• Question 5:

  Which three are invoice types that can be entered using the Supplier Portal? (Choose three.)

  A. Invoices that are automatically created when the supplier creates an ASN for drop shipments

  B. B2B XML invoices

  C. Non purchase order matched invoices

  D. Invoices that are created from the Evaluated Receipt Settlement (ERS) process

  E. Purchase order matched invoices

  Correct Answer: BDE

• Question 6:

  You have an invoice with a payment term that has the following settings: Day of Month = 15 Cut off Day = 11 Months Ahead = 0 Terms Date on Invoice = January 12th

  What will the resulting due date for the invoice installment be?

  A. March 15th

  B. January 15th

  C. April 15th D. February 15th

  Correct Answer: D

  Reference: https://fusionhelp.oracle.com/fscmUI/topic/ TopicId_P_8E9660457009AEA2E040D30A6881608C

• Question 7:

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

  A. Bills payable requiring maturity

  B. Unaccounted invoices and payments

  C. Suppliers on payment holds

  D. Unapplied prepayments

  E. Incomplete payment files

  Correct Answer: CDE

• Question 8:

  You need to create a payment for a supplier before the next payment run. The invoice you wish to pay is

  not available for selection in the Create Payment page.

  Which two are possible reasons for this? (Choose two.)

  A. The payment supplier site is different to the supplier site on the invoice.

  B. The invoice is not yet due.

  C. The invoice is not validated.

  D. The payment method for the invoice is Electronic.

  E. The invoice is not accounted.

  Correct Answer: BD

  Reference: https://docs.oracle.com/en/cloud/saas/financials/18b/fappp/payments.html#FAPPP441015_2

• Question 9:

  Which three are supported image formats for the Integrated Imaging solution? (Choose three.)

  A. RTF

  B. JPEG

  C. TIFF

  D. XLS

  E. PNG

  Correct Answer: BCE

  Reference: https://www.google.com/url? sa=tandrct=jandq=andesrc=sandsource=webandcd=5andved=2ahUKEwjb4fuXquflAhXozIUKHR1OB3oQFjAEegQIBBA Candurl=https%3A%2F%2Fcloudcustomerconnect.oracle.com%2Ffiles%2F7e4d35664e% 2FOracle_Integrated_Invoice_Imaging_Guide_2017__1966280.1.pdfandusg=AOvVaw26a_HuHhNf_tsoU9uYE0jI (page 4)

• Question 10:

  Your client company wants to ensure that the payments they are sending to their financial institution are

  valid and formatted correctly. They would like to identify any validation failures as early in the process as

  possible.

  Where would you suggest the validations are set?

  A. Supplier Site

  B. Payment Method

  C. Payment Format

  D. Payment Terms

  E. Disbursement Bank Account

  Correct Answer: B

  Reference: https://docs.oracle.com/en/cloud/saas/financials/18b/faipp/payment-systemconnectivity.html#FAIPP189404