Oracle Oracle Certifications 1Z0-1005 Questions & Answers

• Question 71:

  Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation. (Choose two.)

  A. Do not assign bank accounts to business units.

  B. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.

  C. Business units must be granted access to the bank account.

  D. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.

  E. Allow bank accounts to be accessed by all roles and users because the default value to secure a bank account by users and roles is No.

  Correct Answer: CD

• Question 72:

  What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?

  A. The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.

  B. The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.

  C. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.

  D. The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.

  Correct Answer: D

• Question 73:

  A Payment Process Request was submitted and errors were found in the payment file. The payment file

  and process were terminated.

  Which two statements are true? (Choose two.)

  A. The invoices are placed on payment hold.

  B. The status of each payment in the payment file is Terminated.

  C. The status of the payment file is Terminated.

  D. The status of each payment in the payment file is Cancelled and the related documents are available for future selection.

  E. The status of the payment file is Cancelled.

  Correct Answer: CD

• Question 74:

  Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run? (Choose two.)

  A. For the Legal Jurisdiction, Legal function: "Generate intercompany invoice" should be assigned.

  B. Schedule create accounting for the intercompany process.

  C. Supplier site primary pay flag and customer account bill to primary flag should be enabled.

  D. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.

  E. Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.

  F. Manual Approvals should be allowed for the transaction type.

  Correct Answer: CE

• Question 75:

  In what order should the import process be run when importing suppliers?

  A. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment

  B. Supplier, Supplier Address, Supplier Site, Supplier Site Assignments

  C. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts

  D. any order

  Correct Answer: B

• Question 76:

  Which two statements are true about processing corporate card expenses? (Choose two.)

  A. Conversion rate defaults apply only to cash expenses, not to corporate card expenses.

  B. Usage policy for expense category tolerances does not apply to credit card expenses.

  C. Card transactions will be paid directly from Expenses Cloud.

  D. You can process payment for credit card using Electronic funds transfer, check, or wire.

  E. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.

  Correct Answer: AB

• Question 77:

  You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?

  A. Needs Revalidation

  B. Not Validated

  C. Not Required

  D. Imported

  E. Validated

  Correct Answer: B

• Question 78:

  You have successfully processed the expense reports for reimbursement and have transferred the information to Payables. What is the next step before you can pay them?

  A. Transfer the data to General Ledger.

  B. Validate the invoice in Payables.

  C. Create a payment process request in Payments.

  D. Create Accounting for the invoice in Payables.

  Correct Answer: B

• Question 79:

  Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

  A. The user needs to specify which payment term to use.

  B. The payment term of the purchase order overrides the invoice payment term.

  C. The payment term of the invoice overrides the purchase order payment term.

  D. The purchase order payment term cannot be overridden.

  E. The user needs to manually change the payment term on the invoice to match the purchase order payment term.

  Correct Answer: C

• Question 80:

  Which two statements are true when you are using the Intercompany Reconciliation Reports? (Choose two.)

  A. You must run the prepare Intercompany Reconciliation Reporting Information process.

  B. The reconciliation period summary report will not show the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.

  C. The reports will show the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.

  D. The reports will include Ledger balancing lines generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.

  E. You can drill down on the links in the Period Summary report to view the balances by Intercompany Organization.

  Correct Answer: AC