Oracle Oracle Certifications 1Z0-1005 Questions & Answers

• Question 51:

  Select three reasons why you cannot close your Payables period. (Choose three.)

  A. open intercompany transactions

  B. unapplied prepayments

  C. suppliers on payment holds

  D. bills payable requiring maturity

  E. unaccounted invoices and payments

  Correct Answer: ADE

• Question 52:

  An installment for $1,000 USD is due for payment on January 10, 2019. The installment has two discounts: the first discount date is December 5, 2018 for $150 USD and the second discount date is December 20, 2018 for $50 USD. The Pay Date Basis on the supplier site is Discount.

  You submit a Payment Process Request with the following criteria: Payment Date = December 5, 2018 Pay Through Date = December 25, 2018 Date Basis = Pay Date Always Take Discount option is enabled

  What will be the resulting status of the installment and discount?

  A. The installment is selected and a discount of $50 USD (the second discount) is applied.

  B. The installment is selected and a discount of $200 USD ($150 + $50) is applied.

  C. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.

  D. The installment is selected but no discount is applied because the payment date is after the discount dates.

  E. The installment is not selected because the first discount date is before the Pay Through Date.

  Correct Answer: C

• Question 53:

  Which component is not included in the security architecture for credit card data and bank account data encryption?

  A. Oracle Wallet

  B. Supplier master encryption key

  C. Sensitive data encryption and storage

  D. Payments subkeys

  E. Payments master encryption key

  Correct Answer: B

• Question 54:

  You are using the Payable's Deferred Expense feature (also known as Multiperiod Accounting). You have

  entered an invoice for a three-month lease that is entered on Jan 10th. The total expense is $12,000 and it

  covers the rental period from Jan 1st to Mar 31st.

  Assuming that the rental expenses are split evenly per month and a monthly accounting calendar is used,

  what would the accounting entry be?

  A. On Jan 10th, Debit Prepaid Expense for 12,000 and Credit Liability 12,000

  B. On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000 On Feb 28th, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000

  C. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000 and then On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000 On Feb 28th, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000 On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000

  D. On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000 On Jan 10th, Debit Rental Expense for 12,000 and Credit Cash for 12,000

  Correct Answer: C

• Question 55:

  The payment build program has completed but with errors.

  When submitting the payment process request, which processing option is used to review the error

  messages from the Manage Payment Process Request Inquiry?

  A. Set the validation failure handling for documents to "show errors."

  B. Set the validation failure handling for payments to "stop process for review."

  C. Set the validation failure handling for payments to "show errors."

  D. Enable debug for the payment format program.

  Correct Answer: B

• Question 56:

  Which two statements are true related to configuration package? (Choose two.)

  A. You can export and import the custom roles from Oracle Identity Manager.

  B. You can export and import the allocation rules from the allocation manager.

  C. You can export and import the approval rules from the approval management engine.

  D. You can export and import selected business units.

  E. You can export and import selected business object services.

  Correct Answer: AE

• Question 57:

  Which three are attributes that are recognized by Invoice Imaging? (Choose three.)

  A. Terms Date

  B. Payment Method

  C. Invoice Date

  D. PO Number

  E. Invoice Number

  Correct Answer: CDE

• Question 58:

  When submitting the Payables to General Ledger Reconciliation report, the extract did not select any data. What should you check?

  A. Make sure you assign an Account parameter when running the extract to include liability accounts.

  B. Make sure you specified a Business Unit in the parameters when running the extract.

  C. Make sure you enabled the Reconciliation flag to all of your liability natural account values.

  D. Make sure you assigned a Financial Category of Accounts Payable to all your liability natural account values.

  Correct Answer: D

• Question 59:

  You have a high volume of invoices to enter that have similar lines and do not require extensive validation. What must you do if you want to group multiple invoices in a batch during spreadsheet entry?

  A. Make sure the Invoice Number is the same.

  B. Make sure all the invoice dates are the same.

  C. Assign the same Invoice Header Identifier to multiple invoices you want to group.

  D. Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.

  E. Enter a value in the Invoice Group field to group similar invoices into a batch.

  Correct Answer: B

• Question 60:

  What two job roles are required to access information within Functional Setup Manager? (Choose two.)

  A. Application Implementation Manager

  B. Any Functional User

  C. Application Implementation Consultant

  D. Functional Setup Manager Superuser

  E. IT Security Manager

  Correct Answer: AC