Free Oracle 1Z0-215 Exam Dumps Questions & Answers

Where does the expense AP accrual account used in the Period End Accrual process default from?

• A.  Payables Options
• B.  Purchasing Options
• C.  Financial Options
• D.  Receiving Options

To review All of Todays selected invoices from the payment process request in the Payment Manager, perform these actions:
1.Navigate to the Payment Process Request component.
2.Navigate to the (B) Views window.
3.Select All of Todays from the drop-down list.
4.Click the Go button.
5.The payment process request for today is displayed.
Select the actions, arranged in their proper sequence.

• A.  5, 2, 3, 4
• B.  1, 2, 3, 4, 5
• C.  5, 2, 3, 4, 5
• D.  2, 3, 4, 5

Identify three statements that are true about the withholding tax process. (Choose three.)

• A.  Payables automaticallygenerates withholding tax invoices to pay tax authorities.
• B.  If the withholding tax is calculated during the invoice validation process, the taxable amount withheld is the gross amount.
• C.  Payablescalculates withholding taxes on invoices during the invoice validation process or during the payment calculation.
• D.  The withholding tax process is a part of Cash Management.
• E.  Tax is automatically calculated at any calculation level.

Identify three statements that are true for setting up withholding tax for a supplier and supplier site. (Choose three.)

• A.  The withholding tax option can be overwritten at the invoice level.
• B.  The Payables setup option, allow withholding tax, can make suppliers and supplier sites subject to withholding tax.
• C.  If a supplier does not allow withholdingtax, you cannot allow withholding tax for any of the supplier's sites.
• D.  Withholding tax is an account distribution process.
• E.  Payables defaults the withholding tax group from the supplier site to the invoice and then to invoice distribution.

Company A wants to use Oracle Internet Expenses with expense report templates. Identify three true statements for the setup of expense report templates. (Choose three.)

• A.  Each expense item must have an expense category assigned to it.
• B.  The GL account assigned to an expense item must have all accounting flexfield segment values entered.
• C.  The tax code assigned to an expense item must be Web enabled.
• D.  The expense report template must be enabled for Internet Expenses.