Free Oracle 1z0-1055-20 Exam Dumps Questions & Answers

Your customer has an electronic payment format program in use and wants all the documents to use the pay group "Domestic". What should you do to achieve this?

• A.  Modify your template to hard code the value "Domestic" for the pay group position.
• B.  Define a user validation at the format program to include: Field "Document pay group", condition
  "Equal to String", value "Domestic", and Field "Document pay group", condition "Required" and value
  - not applicable.
• C.  Define a user validation at the format program to include: Field "Document pay group", condition
  "Equal to String", and value "Domestic".
• D.  Define a user validation at the formatprogram to include: Field "Document pay group", condition
  "Equal to String", value "Domestic", and Field "Format Program Code", condition "Equal to String" and value - as desired.

An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected for payment processing.
What are the two possible reasons for this? (Choose two.)

• A.  The invoice has not been accounted.
• B.  The pay-through date is in a closed Payables period.
• C.  The invoice needs re-validation.
• D.  The invoice requires approval.
• E.  The pay-through date is in a future period.

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

• A.  Non purchase order matched invoices
• B.  Purchase order matched invoices
• C.  Invoices that are automatically created when the supplier creates an ASN for drop shipments
• D.  B2B XML invoices
• E.  Invoices that are created from the Evaluated Receipt Settlement (ERS) process

You have an invoice for a three-month lease and wish to recognize the expense monthly for the duration of the lease.
What must be entered on the invoice in order to do this?

• A.  You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.
• B.  You must provide a start date and an end date for the prepaid expenses in the invoice lines or distributions.
• C.  You must provide a start date and the accrual account for the prepaid expenses in the invoice lines or distributions.
• D.  You must provide a start date, an end date, and the accrual account for the prepaid expenses in the invoice lines or distributions.

Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?

• A.  Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
• B.  Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
• C.  Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
• D.  Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.