Oracle Oracle Certifications 1Z0-1005 Questions & Answers

• Question 61:

  Which dashboard or workarea displays the Scanned Invoices region for invoices processed through the Payables Integrated Imaging solution?

  A. Manage Invoices page

  B. C-level executives

  C. Invoices Workarea only

  D. Payables Dashboard only

  E. Payables Dashboard and Invoices Workarea

  Correct Answer: C

• Question 62:

  You have two business units: Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?

  A. Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set Assignments page.

  B. Assign the Expense Auditor job role to each auditor and associate the business unit to the role by using the Manage Data Access for Users page.

  C. Assign the Expense Auditor job role to each auditor and use segment value security rules to secure access to the business units.

  D. Assign the Expense Auditor job role to each auditor and use a data access set to associate the business unit to the role.

  Correct Answer: B

• Question 63:

  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.

  Correct Answer: C

• Question 64:

  You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements. (Choose two.)

  A. For period end accruals, accounting is created at material receipt or at delivery to a final destination.

  B. For period end accruals, the invoice accounting debits the expense account and credits the liability account.

  C. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.

  D. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.

  Correct Answer: BC

• Question 65:

  Which two statements are true about the Invoice Validation process? (Choose two.)

  A. opens the relevant accounting period

  B. validates project information

  C. updates supplier balances

  D. creates tax lines and distributions

  E. creates accounting entries in draft

  Correct Answer: BC

• Question 66:

  Which is the Payables tool based on real-time data?

  A. Essbase Cube

  B. Smart View

  C. Oracle Transactional Business Intelligence (OTBI)

  D. Oracle Business Intelligence Applications (OBIA)

  E. Oracle Financial Reporting (FR)

  Correct Answer: E

• Question 67:

  During your business trip to the UK, you took a taxi ride and paid for it by using your personal Visa credit

  card. While entering your expenses, you get a warning that a different conversion rate was applied to the

  taxi expense by Visa that the one used by your company.

  How do you handle this situation?

  A. Do not enter the taxi expense and call your Finance Department so that they can make changes in the conversion rate settings and you do not violate the allowable limit.

  B. Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then, wait to get a revised statement.

  C. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate.

  D. Use the corporate-defined conversion rate even if it means you will not be reimbursed fully.

  Correct Answer: A

• Question 68:

  Identify two ways the invoice imaging solution works in the Cloud. (Choose two.)

  A. Customers cannot use invoice imaging in the Cloud.

  B. Customers scan and store the invoice images on-premise and attach them during invoice entry.

  C. Customers ask their suppliers to scan and email the invoice.

  D. Customers ask suppliers to send electronic invoices.

  E. Customers scan the invoice on-premise and email the images.

  Correct Answer: CE

• Question 69:

  What is the result of voiding a payment?

  A. A stop payment request has been initiated to the bank.

  B. A bills payable payment was created but is not yet matured.

  C. The payment is reconciled to the bank statement.

  D. The payment is no longer valid.

  Correct Answer: D

• Question 70:

  After you submitted a Payment Process Request, you noticed errors. You want to void the payments. Identify two statements that indicate when it is not possible to void a payment. (Choose two.)

  A. A payment that pays a prepayment that has been applied to an invoice.

  B. A payment that has already cleared the bank.

  C. A payment that has been accounted and posted to General Ledger.

  D. A payment with the status of Issued.

  E. A payment for an invoice with an associated Withholding Tax invoice.

  Correct Answer: AB